Retirement plan
KAISER PERMANENTE TAX SHELTERED ANNUITY PLAN III
KAISER FOUNDATION HEALTH PLAN, INC.EIN 94-1340523Plan #039PY 2020
Prospect flagsCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
MARYANN KHINDA-LOMBARDO
Signed 10/14/2021
Summary metrics
Total assets (EOY)
$2842.7M
-21.4% from 2019
Total participants
33,324
+0.9% from 2019
Average account balance
$85,934
-21.9% from 2019
Annual return
18.18%
-26.42 pp from 2019
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort228 peers
Snapshot2020
84
Participant deferral / active EE
$6,635
median $3,786
37
Employer contribution / active EE
$1,151
median $1,365
92
Participation rate
99.2%
median 83.8%
80
Avg account balance
$85,934
median $58,490
63
Admin fee / account holder
$36
median $46
70
Annual return
18.18%
median 16.84%
Overall peer rank
71of 100
71st percentileavg across 6 metrics
Analytics
2018 - 2024
Total assets (EOY)
Plan-year ending balance
$13.85B
Average account balance
Total assets / participants with a balance (line 6g)
$132K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
104,754
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
98.6%
Contributions (total)
Employer and participant dollars contributed each year
$880.09M
Contributions per participant
Average employer and participant contribution per enrolled participant
$11K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+13.66%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$47
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
| Provider | Service type | Compensation |
|---|---|---|
THE VANGUARD GROUP, INC.3+ years Service code 15 · EIN 23-1945930 | Recordkeeping | $1,234,771 |
QDRO CONSULTANTS CO.1 year Service code 16 · EIN 34-1820650 | Consulting | $5,550 |
Plan features & details
Pension benefit codes2E2F2G2J2K2R2T3H
Plan features
- 2EProfit-sharingProfit-sharing 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.
- 2JCode section 401(k) featureCash 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.
- 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
1 tripped
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$1.2M
$39 / participant
- Other / not subdivided$1M100.0%
% of EOY assets
0.041%
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