Retirement plan
KAISER PERMANENTE SUPPLEMENTAL SAVINGS AND RETIREMENT PLAN
KAISER FOUNDATION HEALTH PLAN, INC.EIN 94-1340523Plan #003PY 2016
Prospect flagsNo flags tripped
Filing contacts
From the Form 5500, federal recordPlan administrator signer
BILL G. REID
Signed 10/06/2017
Summary metrics
Total assets (EOY)
$2730.8M
-6.4% from 2016
Total participants
44,728
-2.2% from 2016
Average account balance
$62,237
-4.1% from 2016
Annual return
7.28%
-6.73 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort193 peers
Snapshot2016
20
Participant deferral / active EE
$1,125
median $2,952
83
Employer contribution / active EE
$4,510
median $1,144
88
Participation rate
97.5%
median 73.8%
81
Avg account balance
$62,237
median $42,315
64
Admin fee / account holder
$23
median $30
21
Annual return
7.28%
median 8.69%
Overall peer rank
59of 100
59th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$5.67B
Average account balance
Total assets / participants with a balance (line 6g)
$111K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
50,907
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
98.0%
Contributions (total)
Employer and participant dollars contributed each year
$305.97M
Contributions per participant
Average employer and participant contribution per enrolled participant
$8K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+12.54%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$38
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 3 by compensation
| Provider | Service type | Compensation |
|---|---|---|
THE VANGUARD GROUP, INC.2+ years Service code 15 · EIN 23-1945930 | Recordkeeping | $1,098,716 |
QDRO CONSULTANTS2+ years Service code 16 · EIN 34-1820650 | Consulting | $10,075 |
KAISER FOUNDATION HEALTH PLAN2+ years Service code 14 · EIN 94-1340523 | Plan Administrator | $9,999 |
Plan features & details
Pension benefit codes2C2F2G2K2R2T3H
Plan features
- 2CMoney purchase planMoney purchase pension plan other than a target benefit plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
0 tripped
No flags tripped for this filing year. This plan looks clean.
Expense breakdown
Schedule H Part II
Admin total
$1.0M
$30 / participant
- Other / not subdivided$1M100.0%
% of EOY assets
0.037%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- MORRIS DAVIS CHAN & TAN LLP
- Auditor EIN
- 942214860
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified