Retirement plan
THE PERMANENTE MEDICAL GROUP, INC. SALARY DEFERRAL RETIREMENT PLAN
THE PERMANENTE MEDICAL GROUP, INC.EIN 94-2728480Plan #023PY 2021
ONE KAISER PLAZA, 20B - OAKLAND, CA 94612510-271-5940permanente.orgLinkedIn5001-10000 employeeshospital & health care
Prospect flagsHigh assets / participant
Filing contacts
From the Form 5500, federal recordPlan administrator signer
MARYANN KHINDA-LOMBARDO
Signed 09/29/2022
Plan administrator entity
KAISER FOUNDATION HEALTH PLAN, INC.
EIN 941340523
Summary metrics
Total assets (EOY)
$186.3M
-5.0% from 2016
Total participants
418
-7.2% from 2016
Average account balance
$449,939
+2.7% from 2016
Annual return
15.12%
-7.35 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants250-999
Cohort3,798 peers
Snapshot2021
95
Participant deferral / active EE
$16,100
median $1,999
60
Employer contribution / active EE
$1,625
median $1,004
92
Participation rate
98.9%
median 72.4%
99
Avg account balance
$449,939
median $33,825
61
Admin fee / account holder
$70
median $106
52
Annual return
15.12%
median 14.80%
Overall peer rank
77of 100
77th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$204.78M
Average account balance
Total assets / participants with a balance (line 6g)
$451K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
454
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
98.7%
Contributions (total)
Employer and participant dollars contributed each year
$8.26M
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
+13.87%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$65
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 |
|---|---|---|
VANGUARD ADVISERS INC.1 year Service code 26 · EIN 23-2811930 | Advisory (Participants) | $27,410 |
THE VANGUARD GROUP, INC.7+ years Service code 15 · EIN 23-1945930 | Recordkeeping | $1,978 |
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 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
- InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
Expense breakdown
Schedule H Part II
Admin total
$29K
$81 / participant
- Other / not subdivided$29K100.0%
% of EOY assets
0.016%
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