Retirement plan
THE PERMANENTE CONTRIBUTION PLAN OF THE PERMANENTE MEDICAL GROUP, INC.
THE PERMANENTE MEDICAL GROUP, INC.EIN 94-2728480Plan #040PY 2020
1800 HARRISON ST. 7TH FLOOR - OAKLAND, CA 946125103510-625-4102permanente.orgLinkedIn5001-10000 employeeshospital & health care
Prospect flagsHigh assets / participant
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JOANNE ARNEAL
Signed 10/13/2021
Summary metrics
Total assets (EOY)
$6049.6M
-9.3% from 2016
Total participants
22,520
+0.4% from 2016
Average account balance
$268,825
-9.6% from 2016
Annual return
15.31%
-7.76 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort228 peers
Snapshot2020
0
Participant deferral / active EE
$0
median $3,786
88
Employer contribution / active EE
$15,612
median $1,365
95
Participation rate
99.9%
median 83.8%
99
Avg account balance
$268,825
median $58,490
4
Admin fee / account holder
$134
median $46
25
Annual return
15.31%
median 16.84%
Overall peer rank
62of 100
62nd 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 7 by compensation
| Provider | Service type | Compensation |
|---|---|---|
FINANCIAL ENGINES6+ years Service code 27 · EIN 77-0473565 | Advisory (Plan) | $1,467,962 |
MORNEAU SHEPELL, INC.1 year Service code 14 · EIN 52-1883918 | Plan Administrator | $131,993 |
EWG ELEVATE INC.2 years Service code 26 · EIN 82-3365869 | Advisory (Participants) | $67,584 |
FIDELITY INVESTMENTS1 year Service code 37 · EIN 04-2647786 | Loan Processing | $37,862 |
GEMMER ASSET MANAGEMENT6+ years Service code 26 · EIN 94-3317854 | Advisory (Participants) | $23,495 |
CAPITAL ADVANTAGE6+ years Service code 26 · EIN 94-3307876 | Advisory (Participants) | $6,665 |
SEEL & WRIGHT LLC3 years Service code 16 395 TAYLOR BLVD · PLEASANT HILL, CA 94523 | Consulting | $6,292 |
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
- InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
Expense breakdown
Schedule H Part II
Admin total
$3.0M
$180 / participant
- Investment mgmt$3M95.6%
- Contract admin$132K4.4%
% of EOY assets
0.050%
all-in expense ratio
Categories reported
2 / 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