Retirement plan
SCPMG PHYSICIANS' 401(K) (FKA SCPMG PHYSICIANS' TAX SAVINGS RETIREMENT PLAN)
SOUTHERN CALIFORNIA PERMANENTE MEDICAL GROUPEIN 95-1750445Plan #009PY 2017
393 EAST WALNUT STREET - PASADENA, CA 911880001626-405-3024LinkedIn1-10 employeeshospital & health care
Other plans on this EIN
4 filingsProspect flagsHigh assets / participant
Filing contacts
From the Form 5500, federal recordPlan administrator signer
ANNE LURCH
Signed 10/11/2018
Summary metrics
Total assets (EOY)
$2243.2M
-11.8% from 2016
Total participants
8,547
-5.1% from 2016
Average account balance
$296,799
-7.0% from 2016
Annual return
17.60%
-9.32 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants5,000-9,999
Cohort231 peers
Snapshot2017
88
Participant deferral / active EE
$15,283
median $2,750
0
Employer contribution / active EE
$0
median $1,397
55
Participation rate
87.2%
median 83.7%
99
Avg account balance
$296,799
median $39,423
2
Admin fee / account holder
$187
median $40
44
Annual return
17.60%
median 17.88%
Overall peer rank
58of 100
58th 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 4 by compensation
| Provider | Service type | Compensation |
|---|---|---|
FINANCIAL ENGINES3+ years Service code 28 · EIN 94-3250323 | Investment Management | $935,747 |
Service code 28 · EIN 95-4871957 | Investment Management | $666,258 |
Service code 15 · EIN 34-1479833 | Recordkeeping | $285,327 |
SCPMG2 years Service code 28 · EIN 95-1750445 | Investment Management | $21,000 |
Plan features & details
Pension benefit codes2E2F2G2J2T
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants 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.
- 2JCode section 401(k) featureCash 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.
- 2TDefault investment accountTotal 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
- InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
Expense breakdown
Schedule H Part II
Admin total
$1.4M
$183 / participant
- Investment mgmt$936K66.1%
- Contract admin$5000.0%
- Other / not subdivided$479K33.8%
% of EOY assets
0.063%
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