Retirement plan
RETIREMENT PLAN FOR PHYSICIANS AND SALARIED EMPLOYEES OF THE PERMANENTE MEDICAL GROUP, INC.
THE PERMANENTE MEDICAL GROUP, INC.EIN 94-2728480Plan #011PY 2015
1800 HARRISON ST., 7TH FLOOR - OAKLAND, CA 94612510-625-6221permanente.orgLinkedIn5001-10000 employeeshospital & health care
Prospect flagsLow participation
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JOANNE ARNEAL
Signed 10/11/2016
Summary metrics
Total assets (EOY)
$6190.6M
-8.2% from 2016
Total participants
22,840
-5.0% from 2016
Average account balance
$0
No prior year
Annual return
-0.94%
-8.31 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined benefit
Participants>=10,000
Cohort30 peers
Snapshot2015
0
Participant deferral / active EE
$0
median $79
90
Employer contribution / active EE
$16,655
median $4,628
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $47,522
0
Admin fee / account holder
$0
median $275
55
Annual return
-0.94%
median -1.09%
Overall peer rank
48of 100
48th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$11.44B
Average account balance
Total assets / participants with a balance (line 6g)
$380K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
10,718
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$580.00M
Contributions per participant
Average employer and participant contribution per enrolled participant
$30K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+4.06%
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
Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.
Enrolled actuary
1 attachment
SB
XAVIER J. ERHART
MERCER
Enrollment #1407608
FOUR EMBARCADERO CENTER, SUITE 400
SAN FRANCISCO, CA 94111
(415) 743-8816
Signed 2016-09-08
Top hat statement on fileNQDC
Filed April 16, 2018 (most recent of 6 filings on file)
Plan administrator
Plan administrator name— Sign in and upgrade to view
1800 Harrison St., 7th Floor
Oakland State: CA Zip Code: 94612
Plans declared (1)
- The Permanente Medical Group, Inc. Supplemental Retirement Plan for Salaried Employees30 emp
Plan features & details
Pension benefit codes1A1E
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1ESection 401(h) arrangementPlan contains separate accounts under Code section 401(h) to provide employee health benefits.
Opportunity flags
1 tripped
- OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Expense breakdown
Schedule H Part II
Admin total
$28.2M
$1740 / participant
- Contract admin$28M99.4%
- Other / not subdivided$164K0.6%
% of EOY assets
0.456%
all-in expense ratio
Categories reported
1 / 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
- 942214890
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified