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Retirement plan

SCPMG KEOGH PLAN

SOUTHERN CALIFORNIA PERMANENTE MEDICAL GROUPEIN 95-1750445Plan #008PY 2020
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393 E WALNUT STREET - PASADENA, CA 911880001626-405-3288LinkedIn1-10 employeeshospital & health care
Other plans on this EIN
4 filings
#001Retirement-$7.46B assets#009Retirement-$3.51B assets#002Retirement-$1.18B assets#030Retirement-$767.2M assets
Prospect flagsHigh feesHigh assets / participantLow employer contributionFailed to transmit contributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
KATHLEEN POMEROY
Signed 10/13/2021
(626) 405-3288
Plan administrator signer
ANNE LURCH
Signed 10/14/2021
How to read this page

Summary metrics

Total assets (EOY)
$5740.9M
-9.7% from 2016
Total participants
10,557
-22.3% from 2016
Average account balance
$733,760
-10.4% from 2016
Annual return
16.89%
-9.56 pp from 2016

Benchmarks

See 223 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants5,000-9,999
Cohort223 peers
Snapshot2020
Participant deferral / active EE
$25,303
median $3,401
Employer contribution / active EE
$0
median $1,441
Participation rate
71.4%
median 85.9%
Avg account balance
$733,760
median $52,876
Admin fee / account holder
$524
median $49
Annual return
16.89%
median 16.21%
Overall peer rank
48th 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
FINANCIAL ENGINES INC6+ years
Service code 28 · EIN 94-3250323
Investment Management
$1,932,811
EWG ELEVATE INC2 years
Service code 26 · EIN 82-3365896
Advisory (Participants)
$639,337
STRATOS WEALTH PARTNERS LTD6+ years
Service code 26 · EIN 27-5273468
Advisory (Participants)
$160,961
CHARLES SCHWAB & CO., INC2 years
Service code 33 · EIN 94-1737782
Securities brokerage; Shareholder ser...
$148,974
CLIFTONLARSONALLEN6+ years
Service code 26 · EIN 41-1803291
Advisory (Participants)
$117,171
AVANTAX ADVISORY SERVICES INC1 year
Service code 26 · EIN 75-2176682
Advisory (Participants)
$86,994
SIGNATURE ESTATE & INVESTMENT6+ years
Service code 26 · EIN 95-4806910
Advisory (Participants)
$84,426
GREAT GABLE ADVISORS LLC1 year
Service code 26 · EIN 82-5114567
Advisory (Participants)
$67,833
FISHER INVESTMENTS6+ years
Service code 26 · EIN 20-2480800
Advisory (Participants)
$66,013
DOWLING & YAHNKE LLC6+ years
Service code 26 · EIN 26-0266092
Advisory (Participants)
$47,830

Plan features & details

Pension benefit codes2G2R2T2E2F3B3F
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.
  • 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.
  • 3B
    Plan covering self-employed individuals
    Plan covering self-employed individuals.
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

4 tripped
  • OpportunityLow employer contribution

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

  • OpportunityHigh fees

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

  • ComplianceFailed to transmit contributions

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

  • InformationalHigh assets / participant

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

Expense breakdown

Schedule H Part II
Admin total
$4.1M
$430 / participant
  • Investment mgmt$4M99.9%
  • Other / not subdivided$4K0.1%
% of EOY assets
0.071%
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