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Retirement plan

SCPMG KEOGH PLAN (FKA SOUTHERN CALIFORNIA PERMANENTE MEDICAL GROUP RETIREMENT PLAN)

SOUTHERN CALIFORNIA PERMANENTE MEDICAL GROUPEIN 95-1750445Plan #008PY 2016
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393 E WALNUT STREET, 7TH FLOOR - PASADENA, CA 911880001626-405-3288LinkedIn1-10 employeeshospital & health care
Other plans on this EIN
4 filings
#001Retirement-$3.98B assets#009Retirement-$1.86B assets#002Retirement-$654.6M assets#030Retirement-$479.6M assets
Prospect flagsHigh feesLow participationHigh assets / participant

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
KATHLEEN POMEROY
Signed 10/11/2017
(626) 405-3288
Plan administrator signer
SONYA SILVA
Signed 10/10/2017
How to read this page

Summary metrics

Total assets (EOY)
$3324.4M
-9.7% from 2016
Total participants
9,420
-22.3% from 2016
Average account balance
$531,390
-10.4% from 2016
Annual return
8.35%
-9.56 pp from 2016

Benchmarks

See 236 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants5,000-9,999
Cohort236 peers
Snapshot2016
Participant deferral / active EE
$0
median $2,511
Employer contribution / active EE
$20,842
median $1,287
Participation rate
63.4%
median 78.9%
Avg account balance
$531,390
median $32,384
Admin fee / account holder
$522
median $35
Annual return
8.35%
median 8.46%
Overall peer rank
53rd percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$7.87B
Average account balance
Total assets / participants with a balance (line 6g)
$894K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
8,803
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
68.1%
Contributions (total)
Employer and participant dollars contributed each year
$291.19M
Contributions per participant
Average employer and participant contribution per enrolled participant
$26K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.73%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$655
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 50 by compensation
ProviderService typeCompensation
SILICON VALLEY BANK1 year
Service code 28
Investment Management
$1,377,539
CAMBRIDGE INVESTMENT RESEARCH2+ years
Service code 26 · EIN 20-1665305
Advisory (Participants)
$648,937
BOSTON PARTNERS1 year
Service code 28
Investment Management
$610,894
STANDISH MELLON ASSET MANAGEMENT LL1 year
Service code 26 · EIN 25-1890416
Advisory (Participants)
$400,565
CHARLES SCHWAB & CO., INC.2+ years
Service code 33 · EIN 94-1737782
Other investment fees and expenses; S...
$311,288
SCHWAB RETIREMENT PLAN SERVICES INC1 year
Service code 15 · EIN 34-1479833
Recordkeeping
$305,669
CLIFTONLARSONALLEN2+ years
Service code 26 · EIN 41-1803291
Advisory (Participants)
$151,694
CAMBIAR INVESTORS, LLC1 year
Service code 28 · EIN 84-1596610
Investment Management
$130,163
MORGAN STANLEY DW INC.2+ years
Service code 50
Direct Payment
$107,337
SIGNATURE ESTATE & INVESTMENT2+ years
Service code 26 · EIN 95-4806910
Advisory (Participants)
$69,896

Plan features & details

Pension benefit codes2R2T2G
Plan features
  • 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.
  • 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.

Opportunity flags

3 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • OpportunityHigh fees

    Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

  • InformationalHigh assets / participant

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

Expense breakdown

Schedule H Part II
Admin total
$3.3M
$378 / participant
  • Investment mgmt$3M91.8%
  • Other / not subdivided$268K8.2%
% of EOY assets
0.098%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm
ERNST & YOUNG, LLP
Auditor EIN
346565596
Audit fees
(not subdivided)
Opinion code
Disclaimer