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Retirement plan

KAISER PERMANENTE TAX SHELTERED ANNUITY PLAN

KAISER FOUNDATION HEALTH PLAN, INC.EIN 94-1340523Plan #033PY 2017
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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-$16.51B assets#025Retirement-$11.12B assets#037Retirement-$3.73B assets#003Retirement-$3.18B assets#002Retirement-$1.80B assets#005Retirement-$269.1M assets#017Retirement-$29.4M assets#035Retirement-$691K assets
Prospect flagsLow returnsLow participationLow employer contributionLow participant contributionCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(510) 271-5940
Plan administrator signer
BILL G. REID
Signed 10/08/2018
How to read this page

Summary metrics

Total assets (EOY)
$1039.8M
-8.5% from 2016
Total participants
38,137
+1.8% from 2016
Average account balance
$74,780
-4.0% from 2016
Annual return
-53.02%
-7.01 pp from 2016

Benchmarks

See 207 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort207 peers
Snapshot2017
Participant deferral / active EE
$341
median $3,033
Employer contribution / active EE
$30
median $1,293
Participation rate
15.1%
median 77.0%
Avg account balance
$74,780
median $47,645
Admin fee / account holder
$37
median $38
Annual return
-53.02%
median 18.04%
Overall peer rank
27th percentileavg across 6 metrics

Analytics

2015 - 2023
Total assets (EOY)
Plan-year ending balance
$0
Average account balance
Total assets / participants with a balance (line 6g)
$99K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
9,848
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
76.7%
Contributions (total)
Employer and participant dollars contributed each year
$13.31M
Contributions per participant
Average employer and participant contribution per enrolled participant
$3K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-93.90%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 1 by compensation
ProviderService typeCompensation
THE VANGUARD GROUP, INC.3+ years
Service code 15 · EIN 23-1945930
Recordkeeping
$452,332

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3H
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.
  • 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

5 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • OpportunityLow participant contribution

    Participant contribution per participant is in the bottom quintile of the peer cohort.

  • OpportunityLow employer contribution

    Employer contribution per participant is in the bottom quintile of the peer cohort.

  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • ComplianceCorrective distributions

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

Expense breakdown

Schedule H Part II
Admin total
$518K
$18 / participant
  • Other / not subdivided$518K100.0%
% of EOY assets
0.050%
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