PlanOptica
Retirement plan

RETIREMENT PLAN FOR PHYSICIANS AND SALARIED EMPLOYEES OF THE PERMANENTE MEDICAL GROUP, INC.

THE PERMANENTE MEDICAL GROUP, INC.EIN 94-2728480Plan #011PY 2023
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5820 OWENS DRIVE, BUILDING E, FLOOR 2 - PLEASANTON, CA 94588925-737-4699permanente.orgLinkedIn5001-10000 employeeshospital & health care
Other plans on this EIN
5 filings
#013Retirement-$8.51B assets#040Retirement-$6.97B assets#004Retirement-$5.47B assets#023Retirement-$189.0M assets#012Retirement-$127.1M assets
Prospect flagsLow returns

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(925) 737-4699
Plan administrator signer
JOANNE ARNEAL
Signed 10/15/2024
How to read this page

Summary metrics

Total assets (EOY)
$10814.7M
-8.2% from 2016
Total participants
29,231
-5.0% from 2016
Average account balance
$0
No prior year
Annual return
4.44%
-8.31 pp from 2016

Benchmarks

See 191 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort191 peers
Snapshot2023
Participant deferral / active EE
$0
median $12
Employer contribution / active EE
$17,911
median $5,926
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
4.44%
median 8.27%
Overall peer rank
39th 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

JAMES CHAKAN

MERCER
Enrollment #2307696
633 WEST 5TH STREET, SUITE 1200
LOS ANGELES, CA 90071
(213) 346-2200
Signed 2024-09-04

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
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (1)

  • The Permanente Medical Group, Inc. Supplemental Retirement Plan for Salaried Employees30 emp
Open the filing PDF

Plan features & details

Pension benefit codes1A1E
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1E
    Section 401(h) arrangement
    Plan contains separate accounts under Code section 401(h) to provide employee health benefits.

Opportunity flags

1 tripped
  • OpportunityLow returns

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

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