Employer · plans filed under one EIN
Corewell Health
Grand Rapids, MI · Health care and social assistance
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
Corewell Health, based in Grand Rapids, Michigan, sponsors 2 retirement plans with 100 or more participants: 1 defined contribution and 1 defined benefit. Together they reported 46,003 participant records and $3.43B in net assets.
The largest is Spectrum Health System 403(b) Plan, a 403(b) plan with 42,410 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $103M and participant contributions $170M in the latest plan years; benefits paid were $254M. Schedule C compensation reported to service provider organisations totalled $3.2M.
Combined net assets moved from $504M in 2009 to $3.43B in 2024 (up 580%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Spectrum Health System 403(b) Plan | 403(b) plan | 2024 | 42,410 | $3.21B | $75,780 | $3,000 | $1.4M |
| Spectrum Health Pension Plan | defined benefit pension plan | 2024 | 3,593 | $214M | $59,422 | — | $1.8M |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 2 | 46,003 | $3.43B | $103M | $170M |
| 2023 | 2 | 41,389 | $3.06B | $90.0M | $148M |
| 2022 | 2 | 39,064 | $2.58B | $88.0M | $151M |
| 2021 | 2 | 38,148 | $3.03B | $84.7M | $136M |
| 2020 | 2 | 34,721 | $2.67B | $75.5M | $104M |
| 2019 | 2 | 39,638 | $2.39B | $72.6M | $99.1M |
| 2018 | 2 | 42,087 | $2.02B | $78.4M | $92.5M |
| 2017 | 2 | 40,074 | $2.04B | $82.4M | $86.4M |
| 2016 | 2 | 39,561 | $1.67B | $118M | $79.4M |
| 2015 | 2 | 37,028 | $1.42B | $79.6M | $70.8M |
| 2014 | 2 | 31,799 | $1.29B | $70.5M | $59.1M |
| 2013 | 2 | 29,198 | $1.10B | $54.4M | $54.8M |
| 2012 | 2 | 27,961 | $887M | $53.9M | $45.8M |
| 2011 | 2 | 26,382 | $725M | $54.0M | $40.9M |
| 2010 | 2 | 25,008 | $643M | $30.9M | $34.2M |
| 2009 | 2 | 22,918 | $504M | $25.2M | $31.2M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Empower Annuity Insurance Company | Contract Administrator; Recordkeeping and information management; Participant loan processing | 1 | $940,594 |
| Deloitte Consulting LLP | Actuarial | 1 | $681,879 |
| Stifel Nicolaus & Co. Inc. | Investment advisory (plan) | 1 | $404,455 |
| Pimco | Investment advisory (plan); Investment management | 1 | $329,901 |
| Nisa Investment Advisors, LLC | Investment advisory (plan); Investment management | 1 | $299,891 |
| Spectrum Health System | Plan Administrator | 1 | $181,416 |
| Northern Trust Corporation | Custodial (securities); Trustee (bank, trust company, or similar financial institution) | 1 | $106,936 |
| Willis Towers Watson US LLC | Consulting (general); Actuarial | 2 | $60,256 |
| Mercer Investments LLC | Consulting (general) | 1 | $50,000 |
| George Johnson & Company | Accounting (including auditing) | 2 | $42,400 |
| The Bank of New York Mellon | Custodial (securities); Trustee (bank, trust company, or similar financial institution) | 1 | $39,154 |
| WCM Investment Management, LLC | Investment advisory (plan); Investment management | 1 | $32,331 |
| Deloitte Tax LLP | Accounting (including auditing) | 1 | $10,206 |
| Plante & Moran, PLLC | Accounting (including auditing) | 1 | $7,550 |
| Foremost Graphics, LLC | Other services | 1 | $5,961 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Corewell Health have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Spectrum Health System 403(b) Plan and Spectrum Health Pension Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Corewell Health contribute to its plans?
$102,717,911 in employer contributions across these plans in their latest plan years, about $2,832 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Empower Annuity Insurance Company, Deloitte Consulting LLP, Stifel Nicolaus & Co. Inc. and Pimco and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.