Sparrow Health System 401(k) Plan: Login, Facts & Contact Information

Sparrow Health System 401(k) Plan Facts

Plan name
SPARROW HEALTH SYSTEM ASSOCIATE RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SPARROW HEALTH SYSTEM
Participants
11,749 (8,310 active employees)
Former employees with a balance
4,562
Plan assets
$806,524,883 at Dec 31, 2024
Average account balance
$65,678 across 12,280 accounts
Employer contributions
$30,363,553 in plan year 2024 (39% of all contributions)
Recordkeeper
Transamerica Retirement Solutions
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Aug 1, 2007
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 8, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $78.2 million went into the plan in contributions, $30.4 million of it from the employer (39%).
  • $56.7 million was paid out to participants.
  • Investment and other income added $94.4 million.
  • Administrative expenses were $933,280, about $76 per account.

How the Sparrow Health System 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20198,784$419.0 million$31.0 million$25.5 million
20209,691$553.7 million$22.4 million$26.0 million
202110,078$654.8 million$25.6 million$45.1 million
202210,954$563.2 million$27.7 million$43.2 million
202311,524$691.6 million$27.6 million$52.3 million
202411,749$806.5 million$30.4 million$56.7 million

Sparrow Health System 401(k) Contact Information

Phone
517-364-5333
Mailing address
1200 EAST MICHIGAN, SUITE 235, LANSING MI 48912
Plan sponsor
SPARROW HEALTH SYSTEM
Employer identification number (EIN)
38-2542859
Plan number
003

Questions about the Sparrow Health System 401(k)

Does Sparrow Health System contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $30.4 million, 39% of all contributions.

Does the Sparrow Health System 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Sparrow Health System 401(k) plan?

11,749 participants at the start of plan year 2024, 8,310 of them active employees, and 4,562 former employees who still had money in the plan.

What is the average 401(k) balance at Sparrow Health System?

About $65,678 per account: $806.5 million in plan assets across 12,280 accounts with a balance at the end of plan year 2024.

Who manages the Sparrow Health System 401(k) accounts?

Transamerica (listed on the filing as TRANSAMERICA RETIREMENT SOLUTIONS) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Sparrow Health System. How do I access my 401(k)?

Your account stays with Transamerica after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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