State · sponsors with a Michigan filing address
Retirement plans in Michigan
Form 5500 filings for plan years 2009 to 2025; medians for plan year 2024.
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. A plan is counted in the state of its sponsor's address, not where its participants live.
2,476 retirement plans based in Michigan with 100 or more participants filed Form 5500 for plan year 2024 (2,248 defined contribution, 228 defined benefit). All Form 5500 pension filers in the group reported 4,396,073 participant records and $405.3B in net assets.
The median defined contribution plan held $52,669 per participant, close to the national median of $53,031, and its employer put in $1,887 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $135 per participant against $123 nationally.
Employers contributed $9.86B and participants $10.7B during the year, and the plans paid out $42.6B in benefits.
In 2009 the same group numbered 2,742 plans with $367.4B; by 2024 it was 2,476 plans (down 10%) and $405.3B (up 10%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Beyond the full-form filers, 20,233 small plans based in Michigan filed the short Form 5500-SF for 2024, with 565,295 participants and $35.9B in net assets. Small plans are counted here and nowhere else on this site.
Medians compared with all US plans
| Median plan, plan year 2024 | MI: DC | US: DC | MI: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $52,669 | $53,031 | $78,607 | $86,234 |
| Employer contributions per active participant | $1,887 | $2,174 | $13,188 | $10,244 |
| Schedule C compensation per participant | $135 | $123 | $333 | $344 |
| Schedule C compensation, share of net assets | 0.29% | 0.26% | 0.46% | 0.42% |
| Administrative expenses per participant | $130 | $116 | $530 | $527 |
Medians across plans with 100 or more participants (2,145 DC and 227 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $26,788 | $52,669 | $95,788 | 2,145 |
| Employer contributions per active participant | $923 | $1,887 | $3,475 | 2,061 |
| Schedule C compensation per participant | $62.63 | $135 | $231 | 2,011 |
| Administrative expenses per participant | $56.31 | $130 | $225 | 2,088 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2025partial | 337 | 401,513 | $45.8B | $1.15B | $1.71B | $64,768 | $161 |
| 2024 | 2,476 | 4,396,073 | $405.3B | $9.86B | $10.7B | $52,669 | $135 |
| 2023 | 2,543 | 4,436,421 | $387.7B | $10.1B | $10.1B | $47,641 | $117 |
| 2022 | 2,871 | 4,613,936 | $361.7B | $8.37B | $9.84B | $36,117 | $109 |
| 2021 | 2,833 | 4,506,650 | $437.1B | $6.99B | $8.97B | $43,865 | $116 |
| 2020 | 2,847 | 4,520,683 | $431.3B | $8.73B | $8.15B | $40,587 | $99.30 |
| 2019 | 2,862 | 4,464,991 | $393.9B | $7.49B | $8.02B | $35,184 | $88.02 |
| 2018 | 2,846 | 4,441,075 | $349.1B | $7.77B | $7.68B | $31,404 | $80.10 |
| 2017 | 2,788 | 4,577,719 | $366.2B | $9.35B | $7.02B | $33,212 | $64.79 |
| 2016 | 2,723 | 4,485,939 | $336.4B | $6.93B | $6.48B | $29,899 | $57.57 |
| 2015 | 2,670 | 4,460,746 | $322.4B | $6.65B | $5.94B | $29,154 | $48.45 |
| 2014 | 2,652 | 4,421,862 | $328.6B | $8.25B | $5.41B | $30,648 | $45.59 |
| 2013 | 2,665 | 4,372,228 | $318.9B | $8.70B | $5.08B | $30,110 | $37.72 |
| 2012 | 2,624 | 4,348,008 | $298.5B | $7.98B | $4.62B | $26,506 | $38.18 |
| 2011 | 2,628 | 4,413,173 | $302.9B | $9.41B | $4.34B | $24,528 | $39.15 |
| 2010 | 2,656 | 4,585,054 | $308.0B | $5.42B | $3.95B | $25,015 | $39.44 |
| 2009 | 2,742 | 5,441,108 | $367.4B | $8.58B | $3.75B | $22,415 | $36.61 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 2,473 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 60 largest by participants of 2,473 plans with a page on this site.
| Plan | Sponsor | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|
| General Motors Hourly-Rate Employees Pension Plan | General Motors LLC | DB | 310,099 | $35.6B | $114,719 | $0 | — |
| Kelly Retirement Savings Plan | Kelly Services, Inc. | DC | 147,070 | $343M | $2,329 | $41 | $4.02 |
| Ford Motor Company UAW Retirement Plan | Ford Motor Company | DB | 138,666 | $17.8B | $128,605 | — | $81.49 |
| Fca US LLC UAW Pension Agreement | Fca US LLC | DB | 98,708 | $10.3B | $103,895 | — | $74.24 |
| Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees | Ford Motor Company | DC | 87,085 | $8.29B | $95,232 | $4,735 | — |
| The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States | General Motors LLC | DC | 71,495 | $9.57B | $133,833 | $4,895 | — |
| General Motors Retirement Savings Plan for Salaried Employees in the United States | General Motors LLC | DC | 65,343 | $23.1B | $352,894 | $13,545 | — |
| Edustaff, LLC 401(k) Plan | Edustaff, LLC | DC | 56,927 | $9.9M | $174 | — | $1.56 |
| Central Midwest Regional Council of Carpenters Defined Contribution Pension Plan | Trustees of Central Midwest Regional Council of Carpenters DC Pension | DC | 55,172 | $1.59B | $28,794 | $5,159 | $82.57 |
| Ford Motor Company General Retirement Plan | Ford Motor Company | DB | 54,619 | $12.1B | $221,718 | $66,105 | $74.27 |
| Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees | Ford Motor Company | DC | 53,596 | $17.3B | $322,206 | $9,154 | — |
| Beaumont Health 403(b) Retirement Savings Plan | William Beaumont Hospital | DC | 48,125 | $2.97B | $61,632 | $2,299 | $59.49 |
| Meijer 401(k) Retirement Plan II | Meijer, Inc. | DC | 46,836 | $660M | $14,095 | $705 | — |
| Fca US LLC UAW Savings Plan | Fca US LLC | DC | 46,761 | $5.19B | $111,041 | $4,867 | — |
| Spectrum Health System 403(b) Plan | Corewell Health | DC | 42,410 | $3.21B | $75,780 | $3,000 | $33.28 |
| Henry Ford Health System Ambassador 403(b) Plan | Henry Ford Health System | DC | 41,205 | $932M | $22,623 | $1,620 | $18.59 |
| Meijer 401(k) Retirement Plan I | Meijer, Inc. | DC | 39,862 | $1.62B | $40,726 | $1,467 | — |
| Stryker Corporation 401(k) Savings and Retirement Plan | Stryker Corporation | DC | 38,998 | $9.39B | $240,733 | $11,051 | $111 |
| Dow Employees' Pension Plan | The Dow Chemical Company | DB | 31,955 | $10.7B | $334,598 | — | $531 |
| Union Carbide Employees' Pension Plan | Union Carbide Corporation C/o the Dow Chemical Company | DB | 31,806 | $2.13B | $66,818 | — | $271 |
| Ohio Carpenters' Pension Plan | Trustees of Ohio Carpenters' Pension Plan | DB | 31,115 | $2.12B | $68,151 | $13,790 | $215 |
| The Dow Chemical Company Employees' Savings Plan | The Dow Chemical Company | DC | 31,053 | $11.5B | $369,959 | $13,344 | $20.03 |
| Michigan Laborers' Pension Plan | Board of Trustees Michigan Laborers' Pension Fund | DB | 28,837 | $1.33B | $46,125 | $6,557 | $182 |
| Whirlpool 401(k) Retirement Plan | Whirlpool Corporation | DC | 24,954 | $3.45B | $138,355 | $4,618 | $103 |
| General Motors Salaried Retirement Program | General Motors LLC | DB | 24,871 | $3.46B | $139,203 | $33,184 | — |
| Whirlpool Tammy Employees Pension Plan | Whirlpool Corporation | DB | 24,197 | $1.75B | $72,162 | — | — |
| Consumers Energy Company Employees' Savings Plan | Consumers Energy Company | DC | 23,741 | $2.85B | $120,226 | $11,270 | $14.33 |
| McLaren Employees' 403(b) Retirement Plan | McLaren Health Care Corp. | DC | 23,674 | $2.12B | $89,447 | $2,905 | $55.72 |
| Rock Holdings & Associated Companies Savings Plan | Rock Holdings, Inc. | DC | 22,766 | $2.23B | $97,847 | $1,654 | $60.56 |
| Carpenters' Pension Trust Fund - Detroit and Vicinity | Board of Trustees of Carpenters' Pension Trust Funddetroit&vicinity | DB | 22,212 | $1.34B | $60,204 | $24,832 | $188 |
| Operating Engineers' Local 324 Pension Fund | Joint Board of Trustees Operating Engineers Local 324 | DB | 21,246 | $1.92B | $90,160 | $20,056 | $869 |
| Operating Engineers' Local 324, Defined Contribution Pension Plan | Joint Board of Trustees, Operating Engineers Local 324, DC | DC | 20,636 | $248M | $12,001 | $1,753 | $125 |
| Learning Care Group Retirement Savings Plan | La Petite Academy, Inc. | DC | 20,538 | $101M | $4,926 | $119 | $19.20 |
| Spartannash Company Savings Plus Plan | Spartannash Company | DC | 20,246 | $745M | $36,807 | $705 | $33.46 |
| Ciena Healthcare Management, Inc. 401(k) Plan | Ciena Healthcare Management, Inc. | DC | 19,510 | $126M | $6,448 | $291 | $23.55 |
| Fca US LLC Salaried Employees' Savings Plan | Fca US LLC | DC | 19,464 | $5.09B | $261,717 | $7,941 | — |
| Michigan Laborers' Annuity Fund | Board of Trustees, Michigan Laborers' Annuity Fund | DC | 18,951 | $129M | $6,786 | $1,788 | $32.14 |
| Henry Ford Health System Retirement Savings Plan | Henry Ford Health System | DC | 18,638 | $1.84B | $98,624 | $3,462 | $36.96 |
| Gordon Food Service, Inc. Profit Sharing Plan | Gordon Food Service, Inc. | DC | 18,591 | $2.76B | $148,373 | $8,016 | $127 |
| Bosch Pension Plan | Robert Bosch LLC | DB | 18,276 | $1.46B | $80,101 | — | $5.63 |
| Tenneco 401(k) Investment Plan | Tenneco Automotive Operating Company LLC | DC | 17,937 | $1.82B | $101,414 | $3,809 | $94.45 |
| Michigan Regional Council of Carpenters' Annuity Fund | Joint Board of Trustees of Mi Reg Council of Carpenters Annuity Fund | DC | 17,503 | $527M | $30,136 | $2,216 | $130 |
| Security Police Fire Professionals of America Retirement Plan | International Union,security Police Fire Professionals of America | DC | 17,204 | $127M | $7,383 | $881 | $64.83 |
| Indiana State Council of Carpenters Pension Fund | Board of Trustees Indiana State Council of Carpenters Pension Fund | DB | 17,170 | $1.35B | $78,607 | $12,903 | $231 |
| Henry Ford Health System Heritage 403(b) Plan | Henry Ford Health System | DC | 16,675 | $1.41B | $84,730 | $0 | $29.14 |
| Penske Automotive Group Employee Stock Ownership 401(k) Plan | Penske Automotive Group, Inc. | DC | 16,156 | $1.25B | $77,067 | $2,199 | $47.13 |
| William Beaumont Hospital Employees' Retirement Plan | William Beaumont Hospital | DB | 16,076 | $1.41B | $87,995 | $19,357 | $85.71 |
| Ufp Industries, Inc. Employees' Profit Sharing and 401(k) Plan | Ufp Industries, Inc. | DC | 15,940 | $792M | $49,667 | $600 | $47.09 |
| Retirement Plan for Michigan Credit Union Employees 401(k) Savings Plan | Michigan Credit Union League | DC | 15,666 | $996M | $63,594 | $3,376 | $122 |
| Dart Container Corporation Employees' 401(k) Plus Plan | Dart Container of Michigan LLC | DC | 15,631 | $1.13B | $72,099 | $2,942 | $63.62 |
| Ally Financial Inc. Retirement Savings Plan | Ally Financial Inc. | DC | 15,192 | $2.88B | $189,282 | $10,518 | $57.90 |
| Trinity Health 401(k) Retirement Savings Plan | Trinity Health Corporation | DC | 13,933 | $779M | $55,945 | $1,053 | $19.91 |
| Dte Energy Company Retirement Plan | Dte Energy Corporate Services, LLC | DB | 13,899 | $3.69B | $265,598 | — | $171 |
| Acrisure 401(k) Savings Plan | Acrisure, LLC | DC | 13,873 | $1.13B | $81,749 | $2,352 | $39.05 |
| Indiana/kentucky/ohio Regional Council of Carpenters Pension Fund | Board of Trustees Indiana/kentucky/ohio Regional Council Carpenters Pe | DB | 13,860 | $1.78B | $128,465 | $15,293 | $192 |
| Denso Retirement Savings Plan | Denso International America, Inc. | DC | 13,826 | $2.07B | $149,946 | $5,275 | $112 |
| Sparrow Health System Associate Retirement Savings Plan | Sparrow Health System | DC | 12,952 | $807M | $62,270 | $3,654 | $71.50 |
| Masco Corporation 401(k) Plan | Masco Corporation | DC | 12,930 | $1.87B | $144,705 | $5,155 | $71.75 |
| The Auto Club Group 401(k) Plan | Auto Club Insurance Association | DC | 12,814 | $1.18B | $92,084 | $4,173 | $72.16 |
| Bronson Healthcare Group, Inc. 403(b) Tax Sheltered Matching Plan | Bronson Healthcare Group, Inc. | DC | 12,551 | $1.18B | $93,960 | $3,495 | $76.67 |
By plan size
By industry
By plan year
Questions and answers
How many retirement plans are there in Michigan?
2,476 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 4,181 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in Michigan?
The median defined contribution plan reported $52,669 in net assets per participant (middle half of plans: $26,788 to $95,788); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in Michigan?
The median defined contribution plan received $1,887 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in Michigan?
Among defined contribution plans that report any Schedule C compensation, the median was $135 per participant and 0.29% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 and Form 5500-SF research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.