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Retirement plan

SCPMG PHYSICIANS' 401(K) PLAN (FKA SCPMG PHYSICIANS' TAX SAVINGS RETIREMENT PLAN)

SOUTHERN CALIFORNIA PERMANENTE MEDICAL GROUPEIN 95-1750445Plan #009PY 2015
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393 E. WALNUT STREET, 7TH FLOOR - PASADENA, CA 911880001626-405-3024LinkedIn1-10 employeeshospital & health care
Other plans on this EIN
4 filings
#001Retirement-$3.55B assets#008Retirement-$3.00B assets#002Retirement-$591.0M assets#030Retirement-$452.1M assets
Prospect flagsLow returns

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
KATHLEEN POMEROY
Signed 10/14/2016
(626) 405-3024
Plan administrator signer
SONYA SILVA
Signed 10/13/2016
How to read this page

Summary metrics

Total assets (EOY)
$1641.9M
-11.8% from 2016
Total participants
7,779
-5.1% from 2016
Average account balance
$242,236
-7.0% from 2016
Annual return
-0.45%
-9.32 pp from 2016

Benchmarks

See 221 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants5,000-9,999
Cohort221 peers
Snapshot2015
Participant deferral / active EE
$15,100
median $2,476
Employer contribution / active EE
$266
median $1,400
Participation rate
86.0%
median 78.2%
Avg account balance
$242,236
median $32,535
Admin fee / account holder
$266
median $26
Annual return
-0.45%
median 0.93%
Overall peer rank
48th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$6.54B
Average account balance
Total assets / participants with a balance (line 6g)
$295K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
22,192
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
94.1%
Contributions (total)
Employer and participant dollars contributed each year
$357.72M
Contributions per participant
Average employer and participant contribution per enrolled participant
$19K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+14.83%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$106
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 5 by compensation
ProviderService typeCompensation
FINANCIAL ENGINES1+ years
Service code 28 · EIN 94-3250323
21ST FLOOR, 28 STATE STREET · BOSTON, MA 02109
Investment Management
$850,189
HOTCHKIS AND WILEY CAPITAL MANAGEME1+ years
Service code 50
725 S FIGUEROA STREET, #3900 · LOS ANGELES, CA 90017
Direct Payment
$685,054
SCHWAB RETIREMENT PLAN SERVICES CO1+ years
Service code 12 · EIN 74-2279754
98 SAN JACINTO BLVD., #1100 · AUSTIN, TX 78701
Trustee (bank, trust company, or simi...
$220,090
CHARLES SCHWAB & CO., INC.1+ years
Service code 59 · EIN 94-1737782
98 SAN JACINTO BLVD., # 100 · AUSTIN, TX 78701
Shareholder Servicing
$5,519
CHARLES SCHWAB & CO., INC1+ years
Service code 59
Shareholder Servicing
$0

Plan features & details

Pension benefit codes2E2F2G2J2T
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.
  • 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

1 tripped
  • OpportunityLow returns

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

Expense breakdown

Schedule H Part II
Admin total
$1.8M
$252 / participant
  • Investment mgmt$2M85.1%
  • Contract admin$220K12.2%
  • Other / not subdivided$49K2.7%
% of EOY assets
0.110%
all-in expense ratio
Categories reported
2 / 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