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Retirement plan

KAISER PERMANENTE 401(K) RETIREMENT PLAN

KAISER FOUNDATION HEALTH PLAN, INC.EIN 94-1340523Plan #025PY 2020
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ONE KAISER PLAZA, 20B - OAKLAND, CA 94612510-271-5940LinkedIn1-10 employeesmedical practice
Other plans on this EIN
7 filings
#001Retirement-$34.20B assets#037Retirement-$5.84B assets#003Retirement-$4.52B assets#039Retirement-$2.84B assets#033Retirement-$1.15B assets#005Retirement-$483.7M assets#017Retirement-$44.6M 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 10/14/2021
Plan administrator entity
KAISER FOUNDATION HEALTH PLAN, INC.
EIN 941340523
ONE KAISER PLAZA,, 20B · OAKLAND, CA 94612
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Summary metrics

Total assets (EOY)
$16177.7M
-9.8% from 2016
Total participants
146,255
-5.9% from 2016
Average account balance
$112,113
-3.7% from 2016
Annual return
16.85%
-6.65 pp from 2016

Benchmarks

See 228 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort228 peers
Snapshot2020
Participant deferral / active EE
$7,446
median $3,786
Employer contribution / active EE
$1,248
median $1,365
Participation rate
98.5%
median 83.8%
Avg account balance
$112,113
median $58,490
Admin fee / account holder
$53
median $46
Annual return
16.85%
median 16.84%
Overall peer rank
67th 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.6+ years
Service code 15 · EIN 23-1945930
Recordkeeping
$7,902,225
QDRO CONSULTANTS CO1 year
Service code 16 · EIN 34-1820650
Consulting
$27,000

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
$7.6M
$59 / participant
  • Other / not subdivided$8M100.0%
% of EOY assets
0.047%
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
MOSS ADAMS LLP
Auditor EIN
910189318
Audit fees
(not subdivided)
Opinion code
Unqualified