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Retirement plan

SCPMG KEOGH PLAN

SOUTHERN CALIFORNIA PERMANENTE MEDICAL GROUPEIN 95-1750445Plan #008PY 2022
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393 E. WALNUT STREET 3RD FLOOR - PASADENA, CA 91188626-405-2654LinkedIn1-10 employeeshospital & health care
Other plans on this EIN
4 filings
#001Retirement-$7.60B assets#009Retirement-$4.70B assets#030Retirement-$693.0M assets#002Retirement-$338.0M assets
Prospect flagsLow returnsHigh feesHigh assets / participantCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
KATHLEEN POMEROY
Signed 10/13/2023
(626) 405-2654
Plan administrator signer
JACKIE COOPERSTEIN
Signed 10/13/2023
How to read this page

Summary metrics

Total assets (EOY)
$5599.1M
-9.7% from 2016
Total participants
11,295
-22.3% from 2016
Average account balance
$658,407
-10.4% from 2016
Annual return
-17.91%
-9.56 pp from 2016

Benchmarks

See 237 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort237 peers
Snapshot2022
Participant deferral / active EE
$26,909
median $4,382
Employer contribution / active EE
$0
median $1,922
Participation rate
72.3%
median 86.2%
Avg account balance
$658,407
median $51,383
Admin fee / account holder
$563
median $48
Annual return
-17.91%
median -15.58%
Overall peer rank
47th 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 INC8+ years
Service code 28 · EIN 94-3250323
Investment Management
$2,017,394
EWG ELEVATE INC4 years
Service code 26 · EIN 82-3365869
Advisory (Participants)
$725,095
STRATOS WEALTH PARTNERS LTD8+ years
Service code 26 · EIN 27-5273468
Advisory (Participants)
$186,584
SIGNATURE ESTATE & INVESTMENT8+ years
Service code 26 · EIN 95-4806910
Advisory (Participants)
$122,755
AVANTAX ADVISORY SERVICES INC3 years
Service code 26 · EIN 75-2176682
Advisory (Participants)
$107,969
CHARLES SCHWAB & CO., INC.8+ years
Service code 33 · EIN 94-1737782
Securities brokerage commissions and ...
$100,034
CREATIVE PLANNING LLC3 years
Service code 26 · EIN 43-1270780
Advisory (Participants)
$98,151
CLIFTONLARSONALLEN8+ years
Service code 26 · EIN 41-0746749
Advisory (Participants)
$93,864
LMCG INVESTMENTS LLC2 years
Service code 26 · EIN 27-0282607
Advisory (Participants)
$92,800
GREAT GABLE ADVISORS LLC3 years
Service code 26 · EIN 82-5114567
Advisory (Participants)
$92,227

Plan features & details

Pension benefit codes2E2F2G2R2T3B3F
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
  • OpportunityHigh fees

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

  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • ComplianceCorrective distributions

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

  • InformationalHigh assets / participant

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

Expense breakdown

Schedule H Part II
Admin total
$4.8M
$475 / participant
  • Investment mgmt$5M99.9%
  • Other / not subdivided$6K0.1%
% of EOY assets
0.085%
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
ERNST & YOUNG, LLP
Auditor EIN
346565596
Audit fees
(not subdivided)
Opinion code
Unqualified