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Retirement plan

THE PERMANENTE MEDICAL GROUP, INC. SALARY DEFERRAL PLAN

THE PERMANENTE MEDICAL GROUP, INC.EIN 94-2728480Plan #013PY 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
#011Retirement-$10.81B assets#040Retirement-$6.97B assets#004Retirement-$5.47B assets#023Retirement-$189.0M assets#012Retirement-$127.1M assets
Prospect flagsHigh assets / participantCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(925) 737-4699
Plan administrator signer
JOANNE ARNEAL
Signed 10/09/2024
How to read this page

Summary metrics

Total assets (EOY)
$8506.5M
-8.6% from 2016
Total participants
29,643
-2.7% from 2016
Average account balance
$298,431
-6.0% from 2016
Annual return
20.23%
-7.72 pp from 2016

Benchmarks

See 255 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort255 peers
Snapshot2023
Participant deferral / active EE
$19,635
median $4,532
Employer contribution / active EE
$0
median $1,894
Participation rate
94.8%
median 86.5%
Avg account balance
$298,431
median $57,968
Admin fee / account holder
$63
median $47
Annual return
20.23%
median 18.72%
Overall peer rank
74th 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 8 by compensation
ProviderService typeCompensation
FINANCIAL ENGINES9+ years
Service code 27 · EIN 77-0473565
Advisory (Plan)
$1,835,624
EWG ELEVATE INC.5 years
Service code 26 · EIN 82-3365869
Advisory (Participants)
$72,081
GEMMER ASSET MANAGEMENT9+ years
Service code 26 · EIN 94-3317854
Advisory (Participants)
$47,953
CAPTIAL ADVANTAGE3 years
Service code 14 · EIN 94-3307876
Plan Administrator
$24,720
UCP8 years
Service code 26 · EIN 27-0493248
Advisory (Participants)
$17,460
1919 INVESTMENT COUNSEL, LLC5 years
Service code 26 · EIN 26-0103189
Advisory (Participants)
$16,142
EAGLE WEST9+ years
Service code 26 · EIN 42-1445429
Advisory (Participants)
$5,436
FIDELITY INVESTMENTS INSTITUTIONAL9+ years
Service code 37 · EIN 04-2647786
Loan Processing
-$85,289

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 codes2G2F2E2J2R2S2T
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.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 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.

Opportunity flags

2 tripped
  • ComplianceCorrective distributions

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

  • InformationalHigh assets / participant

    Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II
Admin total
$1.8M
$83 / participant
  • Investment mgmt$2M102.3%
% of EOY assets
0.021%
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, P.C.
Auditor EIN
135381590
Audit fees
(not subdivided)
Opinion code
Unqualified