Retirement plan
THE PERMANENTE MEDICAL GROUP, INC. SALARY DEFERRAL PLAN
THE PERMANENTE MEDICAL GROUP, INC.EIN 94-2728480Plan #013PY 2019
1800 HARRISON ST. 7TH FLOOR - OAKLAND, CA 946125103510-625-4102permanente.orgLinkedIn5001-10000 employeeshospital & health care
Prospect flagsCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JOANNE ARNEAL
Signed 10/14/2020
Summary metrics
Total assets (EOY)
$6008.1M
-8.6% from 2016
Total participants
24,882
-2.7% from 2016
Average account balance
$247,011
-6.0% from 2016
Annual return
23.55%
-7.72 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort230 peers
Snapshot2019
92
Participant deferral / active EE
$17,760
median $3,454
0
Employer contribution / active EE
$0
median $1,544
81
Participation rate
97.0%
median 83.1%
99
Avg account balance
$247,011
median $50,526
10
Admin fee / account holder
$90
median $44
61
Annual return
23.55%
median 22.63%
Overall peer rank
69of 100
69th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$9.88B
Average account balance
Total assets / participants with a balance (line 6g)
$341K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
28,964
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
94.9%
Contributions (total)
Employer and participant dollars contributed each year
$454.73M
Contributions per participant
Average employer and participant contribution per enrolled participant
$21K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.93%
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 9 by compensation
| Provider | Service type | Compensation |
|---|---|---|
FINANCIAL ENGINES5+ years Service code 27 · EIN 77-0473565 | Advisory (Plan) | $1,830,621 |
Service code 37 · EIN 04-2647786 | Loan Processing | $343,706 |
GEMMER ASSET MANAGEMENT5+ years Service code 26 · EIN 94-3317854 | Advisory (Participants) | $91,871 |
EWG ELEVATE INC.1 year Service code 26 · EIN 82-3365869 | Advisory (Participants) | $63,245 |
CAPITAL ADVANTAGE5+ years Service code 14 · EIN 94-3307876 | Plan Administrator | $23,531 |
Service code 26 · EIN 26-0103189 | Advisory (Participants) | $18,180 |
UCP4 years Service code 26 · EIN 27-0493248 | Advisory (Participants) | $13,282 |
EAGLE WEST5+ years Service code 26 · EIN 42-1445429 | Advisory (Participants) | $13,022 |
Service code 26 · EIN 47-2701388 | Advisory (Participants) | $7,498 |
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 codes2G2F2E2J2R2S2T
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.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 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.
Opportunity flags
1 tripped
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$2.2M
$116 / participant
- Investment mgmt$2M84.3%
- Other / not subdivided$344K15.7%
% of EOY assets
0.036%
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
- BDO USA, LLP
- Auditor EIN
- 135381590
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified