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Retirement plan

KAISER PERMANENTE SUPPLEMENTAL SAVINGS AND RETIREMENT PLAN

KAISER FOUNDATION HEALTH PLAN, INC.EIN 94-1340523Plan #003PY 2018
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ONE KAISER PLAZA, SUITE 2001 - OAKLAND, CA 94612510-271-5940LinkedIn1-10 employeesmedical practice
Other plans on this EIN
8 filings
#001Retirement-$19.45B assets#025Retirement-$11.08B assets#037Retirement-$3.75B assets#039Retirement-$1.83B assets#033Retirement-$934.9M assets#005Retirement-$279.7M assets#017Retirement-$29.0M assets#035Retirement-$544K assets
Prospect flagsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(510) 271-5940
Plan administrator signer
MARYANN KHINDA-LOMBARDO
Signed 10/12/2019
How to read this page

Summary metrics

Total assets (EOY)
$3104.5M
-6.4% from 2016
Total participants
48,044
-2.2% from 2016
Average account balance
$65,554
-4.1% from 2016
Annual return
-4.42%
-6.73 pp from 2016

Benchmarks

See 224 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort224 peers
Snapshot2018
Participant deferral / active EE
$1,299
median $3,263
Employer contribution / active EE
$4,809
median $1,456
Participation rate
98.1%
median 81.9%
Avg account balance
$65,554
median $42,754
Admin fee / account holder
$26
median $39
Annual return
-4.42%
median -4.42%
Overall peer rank
66th 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 2 by compensation
ProviderService typeCompensation
THE VANGUARD GROUP, INC.4+ years
Service code 15 · EIN 23-1945930
Recordkeeping
$1,298,775
QDRO CONSULTANTS4+ years
Service code 16 · EIN 34-1820650
Consulting
$11,825

Plan features & details

Pension benefit codes2C2F2G2K2R2T3H
Plan features
  • 2C
    Money purchase plan
    Money purchase pension plan other than a target benefit plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants 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.
  • 2K
    Code section 401(m) arrangement
    Employee 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.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped
  • ComplianceCorrective distributions

    Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II
Admin total
$1.2M
$34 / participant
  • Other / not subdivided$1M100.0%
% of EOY assets
0.039%
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