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Retirement plan

SOUTHERN CALIFORNIA PERMANENTE MEDICAL GROUP TAX SAVINGS RETIREMENT PLAN

SOUTHERN CALIFORNIA PERMANENTE MEDICAL GROUPEIN 95-1750445Plan #002PY 2019
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ONE KAISER PLAZA,, SUITE 2001 - OAKLAND, CA 94612510-271-5940LinkedIn1-10 employeeshospital & health care
Other plans on this EIN
4 filings
#001Retirement-$6.25B assets#008Retirement-$4.80B assets#009Retirement-$2.93B assets#030Retirement-$644.3M assets
Prospect flagsLow employer contributionFailed to transmit contributionsCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(510) 271-5940
Plan administrator signer
MARYANN KHINDA-LOMBARDO
Signed 09/24/2025
Plan administrator entity
KAISER FOUNDATION HEALTH PLAN, INC.
EIN 941340523
ONE KAISER PLAZA, SUITE 2001 ยท OAKLAND, CA 94612
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Summary metrics

Total assets (EOY)
$965.4M
-9.7% from 2016
Total participants
11,631
-0.6% from 2016
Average account balance
$86,245
-2.4% from 2016
Annual return
21.92%
-7.09 pp from 2016

Benchmarks

See 235 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants5,000-9,999
Cohort235 peers
Snapshot2019
Participant deferral / active EE
$8,138
median $2,919
Employer contribution / active EE
$26
median $1,357
Participation rate
95.2%
median 81.5%
Avg account balance
$86,245
median $43,077
Admin fee / account holder
$46
median $53
Annual return
21.92%
median 22.06%
Overall peer rank
60th percentileavg across 6 metrics

Analytics

2015 - 2023
Total assets (EOY)
Plan-year ending balance
$0
Average account balance
Total assets / participants with a balance (line 6g)
$120K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
2,807
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
86.5%
Contributions (total)
Employer and participant dollars contributed each year
$24.13M
Contributions per participant
Average employer and participant contribution per enrolled participant
$10K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-101.88%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 1 by compensation
ProviderService typeCompensation
THE VANGUARD GROUP, INC.5+ years
Service code 15 ยท EIN 23-1945930
Recordkeeping
$542,645

Plan features & details

Pension benefit codes2E2F2G2J2R2T3H
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.
  • 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.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped
  • OpportunityLow employer contribution

    Employer contribution per participant is in the bottom quintile of the peer cohort.

  • ComplianceFailed to transmit contributions

    Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

  • ComplianceCorrective distributions

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

Expense breakdown

Schedule H Part II
Admin total
$520K
$57 / participant
  • Other / not subdivided$520K100.0%
% of EOY assets
0.054%
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
MORRIS, DAVIS, CHAN & TAN LLP
Auditor EIN
942214860
Audit fees
(not subdivided)
Opinion code
Unqualified