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Retirement plan

KAISER PERMANENTE SUPPLEMENTAL SAVINGS AND RETIREMENT PLAN FOR SCPMG

SOUTHERN CALIFORNIA PERMANENTE MEDICAL GROUPEIN 95-1750445Plan #030PY 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#008Retirement-$6.82B assets#009Retirement-$5.63B assets#002Retirement--
Prospect flagsCorrective 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)
$802.8M
-5.7% from 2016
Total participants
9,451
-2.5% from 2016
Average account balance
$85,774
-3.0% from 2016
Annual return
17.43%
-6.60 pp from 2016

Benchmarks

See 224 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants5,000-9,999
Cohort224 peers
Snapshot2023
Participant deferral / active EE
$0
median $3,891
Employer contribution / active EE
$6,213
median $1,822
Participation rate
98.5%
median 84.7%
Avg account balance
$85,774
median $50,688
Admin fee / account holder
$57
median $57
Annual return
17.43%
median 18.52%
Overall peer rank
68th 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 5 by compensation
ProviderService typeCompensation
FINANCIAL ENGINES INC3 years
Service code 28 · EIN 94-3250323
Investment Management
$460,078
SCHWAB RETIREMENT PLAN SERVICES,INC2 years
Service code 15 · EIN 34-1479833
Recordkeeping
$31,615
ENVESTNET ASSET MANAGEMENT INC1 year
Service code 26 · EIN 36-4319587
Advisory (Participants)
$15,347
CHARLES SCHWAB & CO., INC3 years
Service code 33 · EIN 94-1737782
Other investment fees and expenses; D...
$2,803
CHARLES SCHWAB & CO.INC. AND AFFIL1 year
Service code 59
Shareholder Servicing
$0

Plan features & details

Pension benefit codes2C2F2G2K2R2T
Plan features
  • 2C
    Money purchase plan
    Money purchase pension plan other than a target benefit 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.
  • 2K
    Code section 401(m) arrangement
    Employee 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.
  • 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.

Opportunity flags

1 tripped
  • ComplianceCorrective distributions

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

Expense breakdown

Schedule H Part II
Admin total
$533K
$86 / participant
  • Recordkeeping$32K6.0%
  • Investment mgmt$498K93.4%
  • Contract admin$3K0.6%
% of EOY assets
0.066%
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