Retirement plan

GROUP HEALTH PERMANENTE 401(K) SALARY DEFERRAL PLAN

Name: GROUP HEALTH PERMANENTE - GROUP HEALTH PERMANENTE 401(K) SALARY DEFERRAL PLAN (2016) Form 5500
Creator: GROUP HEALTH PERMANENTE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GROUP HEALTH PERMANENTE 401(K) SALARY DEFERRAL PLAN, GROUP HEALTH PERMANENTE

GROUP HEALTH PERMANENTEEIN 91-1841629Plan #001PY 2016

320 WESTLAKE AVENUE N, SUITE 100 - SEATTLE, WA 98109206-448-6549wpmgcareers.orgLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

2 filings

#002Retirement-$548.7M assets #003Retirement-$49.0M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$340.2M

-9.8% from 2016

Total participants

1,809

-9.2% from 2016

Average account balance

$211,802

-5.7% from 2016

Annual return

10.35%

-10.79 pp from 2016

Benchmarks

See 1,286 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,286 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.47B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$654K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

2,248

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

92.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$74.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$45K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.48%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$269

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 5 by compensation

Provider	Service type	Compensation
MATRIX TRUST COMPANY1 year Service code 19 · EIN 75-3182674	Securities Custodian	$117,893
MILLIMAN, INC.2+ years Filed as: MILLIMAN Service code 15 · EIN 91-0675641	Recordkeeping	$106,233
OPPENHEIMER2+ years Service code 28 · EIN 13-3459790	Investment Management	$54,811
MERCER2+ years Service code 27 · EIN 61-0736136	Advisory (Plan)	$27,541
BLACKROCK2+ years Service code 28 · EIN 94-3112180	Investment Management	$6,781

Plan features & details

Pension benefit codes2E2F2G2J2R2T

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$600K

$423 / participant

Other / not subdivided$600K100.0%

% of EOY assets

0.176%

all-in expense ratio

Categories reported

0 / 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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$211,802

$37,213+469.2%

$156,551+35.3%

$63,975+231.1%

Participation rate

85.7%

65.0%+20.7pp

84.0%+1.7pp

71.1%+14.6pp

Annual return

10.35%

47.89%-37.5pp

32.23%-21.9pp

48.65%-38.3pp

Employer contribution / active EE

$2,038

$1,357+50.2%

$5,501-63.0%

$2,182-6.6%

Participant deferral / active EE

$13,043

$2,070+530.1%

$4,871+167.8%

$3,356+288.6%

Admin fee / account holder

$373

$56+562.9%

$13,028-97.1%

$70+430.1%

Provider

Service type

Compensation

MATRIX TRUST COMPANY1 year

Service code 19 · EIN 75-3182674

Securities Custodian

$117,893

MILLIMAN, INC.2+ years

Filed as: MILLIMAN

Service code 15 · EIN 91-0675641

Recordkeeping

$106,233

OPPENHEIMER2+ years

Service code 28 · EIN 13-3459790

Investment Management

$54,811

MERCER2+ years

Service code 27 · EIN 61-0736136

Advisory (Plan)

$27,541

BLACKROCK2+ years

Service code 28 · EIN 94-3112180

Investment Management

$6,781

GROUP HEALTH PERMANENTE 401(K) SALARY DEFERRAL PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GROUP HEALTH PERMANENTE 401(K) SALARY DEFERRAL PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion