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Retirement plan

KAISER PERMANENTE 401(K) RETIREMENT PLAN

KAISER FOUNDATION HEALTH PLAN, INC.EIN 94-1340523Plan #025PY 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#037Retirement-$3.75B assets#003Retirement-$3.10B 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
Plan administrator entity
KAISER FOUNDATION HEALTH PLAN, INC.
EIN 941340523
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Summary metrics

Total assets (EOY)
$11080M
-9.8% from 2016
Total participants
142,528
-5.9% from 2016
Average account balance
$78,496
-3.7% from 2016
Annual return
-4.05%
-6.65 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
$6,682
median $3,263
Employer contribution / active EE
$932
median $1,456
Participation rate
98.9%
median 81.9%
Avg account balance
$78,496
median $42,754
Admin fee / account holder
$42
median $39
Annual return
-4.05%
median -4.42%
Overall peer rank
68th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$22.54B
Average account balance
Total assets / participants with a balance (line 6g)
$128K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
176,765
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
98.4%
Contributions (total)
Employer and participant dollars contributed each year
$1.55B
Contributions per participant
Average employer and participant contribution per enrolled participant
$10K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+13.13%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$57
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
$6,562,755
QDRO CONSULTANTS4+ years
Service code 16 · EIN 23-1945930
Consulting
$27,900

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing 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.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 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
$5.9M
$47 / participant
  • Other / not subdivided$6M100.0%
% of EOY assets
0.053%
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