Retirement plan
KAISER PERMANENTE SUPPLEMENTAL SAVINGS AND RETIREMENT PLAN FOR SCPMG
SOUTHERN CALIFORNIA PERMANENTE MEDICAL GROUPEIN 95-1750445Plan #030PY 2021
393 E. WALNUT STREET, 3RD FLOOR - PASADENA, CA 91188626-405-2654LinkedIn1-10 employeeshospital & health care
Other plans on this EIN
4 filingsProspect flagsLow returnsLow participant contributionCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
ANNE LURCH
Signed 10/21/2022
Summary metrics
Total assets (EOY)
$841.6M
-5.7% from 2016
Total participants
9,167
-2.5% from 2016
Average account balance
$95,109
-3.0% from 2016
Annual return
12.22%
-6.60 pp from 2016
Benchmarks
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants5,000-9,999
Cohort226 peers
Snapshot2021
19
Participant deferral / active EE
$1,164
median $3,834
83
Employer contribution / active EE
$5,503
median $1,640
71
Participation rate
94.9%
median 85.8%
82
Avg account balance
$95,109
median $56,177
70
Admin fee / account holder
$35
median $56
10
Annual return
12.22%
median 14.70%
Overall peer rank
56of 100
56th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$899.22M
Average account balance
Total assets / participants with a balance (line 6g)
$93K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
9,647
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
98.7%
Contributions (total)
Employer and participant dollars contributed each year
$42.01M
Contributions per participant
Average employer and participant contribution per enrolled participant
$6K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+12.79%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$69
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 |
|---|---|---|
VANGUARD GROUP INC.1 year Service code 15 · EIN 23-1945930 | Recordkeeping | $266,495 |
FINANCIAL ENGINES INC1 year Service code 28 · EIN 94-3250323 | Investment Management | $43,865 |
Service code 33 · EIN 94-1737782 | Securities brokerage; Float revenue; ... | $518 |
Service code 59 | Shareholder Servicing | $0 |
Plan features & details
Pension benefit codes2C2F2G2K2R2T
Plan features
- 2CMoney purchase planMoney purchase pension plan other than a target benefit 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.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 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
3 tripped
- OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
Expense breakdown
Schedule H Part II
Admin total
$307K
$50 / participant
- Investment mgmt$46K15.0%
- Other / not subdivided$261K85.0%
% of EOY assets
0.036%
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
- MOSS ADAMS LLP
- Auditor EIN
- 910189318
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified