Sparrow Development, Inc.401(k)
SPARROW HEALTH SYSTEM AFFILIATE 401(K) PLAN · LANSING, MI · plan year 2024
Sparrow Development, Inc. reported $8,291 in plan administrative expenses for 2024: 0.14% of average plan assets, lower than ~75% of peers. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio fell from 0.20% to 0.14%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Michigan (1,888th of 2,619), and 7,306th of 11,911 in health care & social assistance. active participation has grown from 88 to 324 since 2022.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 382595963 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.