Retirement plan
THE PERMANENTE CONTRIBUTION PLAN OF THE PERMANENTE MEDICAL GROUP, INC.
THE PERMANENTE MEDICAL GROUP, INC.EIN 94-2728480Plan #040PY 2016
1800 HARRISON ST, 7TH FLOOR - OAKLAND, CA 946125103510-625-6221permanente.orgLinkedIn5001-10000 employeeshospital & health care
Prospect flagsLow returns
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JOANNE ARNEAL
Signed 10/11/2017
Summary metrics
Total assets (EOY)
$3571.7M
-9.3% from 2016
Total participants
18,709
+0.4% from 2016
Average account balance
$191,018
-9.6% from 2016
Annual return
7.18%
-7.76 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort193 peers
Snapshot2016
0
Participant deferral / active EE
$0
median $2,952
86
Employer contribution / active EE
$14,602
median $1,144
96
Participation rate
99.9%
median 73.8%
99
Avg account balance
$191,018
median $42,315
1
Admin fee / account holder
$213
median $30
18
Annual return
7.18%
median 8.69%
Overall peer rank
60of 100
60th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$7.90B
Average account balance
Total assets / participants with a balance (line 6g)
$308K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
25,702
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.2%
Contributions (total)
Employer and participant dollars contributed each year
$302.38M
Contributions per participant
Average employer and participant contribution per enrolled participant
$16K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+13.38%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$137
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
| Provider | Service type | Compensation |
|---|---|---|
FINANCIAL ENGINES2+ years Service code 27 · EIN 77-0473565 | Advisory (Plan) | $1,629,505 |
CAMBRIDGE INVESTMENT2+ years Service code 26 · EIN 42-1445429 | Advisory (Participants) | $85,772 |
Service code 37 · EIN 04-2647786 | Loan Processing | $84,660 |
GEMMER ASSET MANAGEMENT2+ years Service code 26 · EIN 94-3317854 | Advisory (Participants) | $24,800 |
CAPITAL ADVANTAGE2+ years Service code 26 · EIN 94-3307876 | Advisory (Participants) | $9,797 |
FISHER INVESTMENTS1 year Service code 26 · EIN 94-3029777 | Advisory (Participants) | $8,862 |
WHELAN FINANCIAL2+ years Service code 26 · EIN 77-0297894 | Advisory (Participants) | $7,336 |
ALCOSTA CAPITAL MANAGEMENT INC2+ years Service code 26 · EIN 81-0587139 | Advisory (Participants) | $6,595 |
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 codes2C2F2G2R2T
Plan features
- 2CMoney purchase planMoney purchase pension plan other than a target benefit 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.
- 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.
Opportunity flags
1 tripped
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
Expense breakdown
Schedule H Part II
Admin total
$4.0M
$282 / participant
- Investment mgmt$4M97.9%
- Other / not subdivided$85K2.1%
% of EOY assets
0.112%
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