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Retirement plan

SCPMG KEOGH PLAN

SOUTHERN CALIFORNIA PERMANENTE MEDICAL GROUPEIN 95-1750445Plan #008PY 2023
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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-$7.67B assets#009Retirement-$5.63B assets#030Retirement-$802.8M assets#002Retirement--
Prospect flagsHigh feesLow participationHigh assets / participantCorrective distributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
KATHLEEN POMEROY
Signed 10/15/2024
(626) 405-2654
Plan administrator signer
JACKIE COOPERSTEIN
Signed 10/15/2024
How to read this page

Summary metrics

Total assets (EOY)
$6822.3M
-9.7% from 2016
Total participants
11,881
-22.3% from 2016
Average account balance
$789,889
-10.4% from 2016
Annual return
19.63%
-9.56 pp from 2016

Benchmarks

See 255 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort255 peers
Snapshot2023
Participant deferral / active EE
$27,446
median $4,532
Employer contribution / active EE
$0
median $1,894
Participation rate
69.5%
median 86.5%
Avg account balance
$789,889
median $57,968
Admin fee / account holder
$563
median $47
Annual return
19.63%
median 18.72%
Overall peer rank
58th 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 INC9+ years
Service code 28 · EIN 94-3250323
Investment Management
$2,001,200
EWG ELEVATE INC5 years
Service code 26 · EIN 82-3365869
Advisory (Participants)
$686,752
STRATOS WEALTH PARTNERS LTD9+ years
Service code 26 · EIN 27-5273468
Advisory (Participants)
$181,303
SIGNATURE ESTATE & INVESTMENT9+ years
Service code 26 · EIN 95-4806910
Advisory (Participants)
$140,153
GREAT GABLE ADVISORS LLC4 years
Service code 26 · EIN 82-5114567
Advisory (Participants)
$120,350
LMCG INVESTMENTS LLC3 years
Service code 26 · EIN 27-0282607
Advisory (Participants)
$106,587
CREATIVE PLANNING LLC4 years
Service code 26 · EIN 43-1270780
Advisory (Participants)
$105,718
AVANTAX ADVISORY SERVICES INC4 years
Service code 26 · EIN 75-2176682
Advisory (Participants)
$100,753
CHARLES SCHWAB & CO., INC.9+ years
Service code 33 · EIN 94-1737782
Other investment fees and expenses; S...
$100,634
FISHER INVESTMENTS9+ years
Service code 26 · EIN 20-2480800
Advisory (Participants)
$85,835

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
  • 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.)

  • 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
$4.9M
$457 / participant
  • Recordkeeping$10K0.2%
  • Investment mgmt$5M99.4%
  • Contract admin$20K0.4%
% of EOY assets
0.071%
all-in expense ratio
Categories reported
3 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
MOSS ADAMS LLP
Auditor EIN
910189318
Audit fees
(not subdivided)
Opinion code
Unqualified