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Original filing (PDF)20251008100117NAL0009165616001
SPARROW DEVELOPMENT, INC.
Form 5500
FILING_RECEIVED
SPARROW HEALTH SYSTEM AFFILIATE 401(K) PLAN
401(k) retirement plan
Signals · 1
31% in single holding
Active participants
324
Accounts w/ balance
109
Plan assets (EOY)
$6.1M
Net assets (EOY)
$6.1M
How this plan invests
This plan
19 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
92
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
84
Total plan cost
100
Vendor stack
100
Participation health
65
Knocking points off
- Top holding "Harbor Harbor Capital Appreciation Instl" is 31% of plan.
- Only 34% as many balances as active participants — suggests many active employees aren't deferring.
Helping the score
- Below-peer total fees (14 bps vs 52 bps peer median).
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for SPARROW DEVELOPMENT, INC..
Plan sponsor
Name
SPARROW DEVELOPMENT, INC.
EIN
38-2595963
Address
1200 EAST MICHIGAN AVE, STE 235 · LANSING, MI · 48912
Phone
(517) 364-5333
Industry
Health Care & Social Assistancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-08
Pension benefit codes
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
ANDREWS HOOPER PAVLIK PLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
2 rowsRecordkeeper
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | 13-3689044 | — | RECORDKEEPER | $8K | — |
Broker
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| NATIONAL FINANCIAL SERVICES | 04-3523567 | — | SECURITIES BROKER | $0 | — |
Investments
19 direct securities· $6.1M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Harbor Capital Appreciation Instl | — | — | — | $1.9M | 31.4% | |
| Dodge & Cox Dodge & Cox Stock I | — | — | — | $667K | 11.0% | |
| T. Rowe Price T. Rowe Price Retrmnt 2020 | — | — | — | $639K | 10.5% | |
| T. Rowe Price T. Rowe Price Retrmnt 2030 | — | — | — | $406K | 6.7% | |
| Meridian Small Cap Gr Investor | — | — | — | $396K | 6.5% | |
| Transamerica Capital, Inc. Transamerica Core Bd R4 | — | — | — | $352K | 5.8% | |
| Fidelity Extended Market Index | — | — | — | $256K | 4.2% | |
| Transamerica Life Ins Co Transamerica Guaranteed Inv Option | — | — | — | $238K | 3.9% | |
| Transamerica Capital, Inc. Transamerica Stock Index R4 | — | — | — | $237K | 3.9% | |
| T. Rowe Price T. Rowe Price Retrmnt 2010 | — | — | — | $206K | 3.4% | |
| Vanguard FTSE All-World ex-US Idx l | — | — | — | $203K | 3.3% | |
| American Funds American Funds EuroPacific Gr R5 | — | — | — | $185K | 3.0% | |
| T. Rowe Price T. Rowe Price Retrmnt 2040 | — | — | — | $144K | 2.4% | |
| Participants Notes Receivable with interest rates of 5.25% to 10.50% | — | — | — | $101K | 1.7% | |
| T. Rowe Price T. Rowe Price Retrmnt 2050 | — | — | — | $75K | 1.2% | |
| Columbia Small Cap Value II S | — | — | — | $43K | 0.7% | |
| State Street State Street Instl US Govt Money Market Premier | — | — | — | $15K | 0.3% | |
| T. Rowe Price T. Rowe Price Retrmnt 2060 | — | — | — | $5K | <0.1% | |
| T. Rowe Price T. Rowe Price Retrmnt Balanced | — | — | — | $3K | <0.1% |
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