Retirement plan

WPMG 401(K) RETIREMENT SAVINGS PLAN

Name: WASHINGTON PERMANENTE MEDICAL GROUP - WPMG 401(K) RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: WASHINGTON PERMANENTE MEDICAL GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WPMG 401(K) RETIREMENT SAVINGS PLAN, WASHINGTON PERMANENTE MEDICAL GROUP

WASHINGTON PERMANENTE MEDICAL GROUPEIN 91-1841629Plan #001PY 2021

1300 SW 27TH STREET - RENTON, WA 98057206-630-4370wpmgcareers.orgLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

1 filing

#003Retirement-$94.0M assets

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$1403.9M

-9.8% from 2016

Total participants

2,387

-9.2% from 2016

Average account balance

$626,999

-5.7% from 2016

Annual return

14.76%

-10.79 pp from 2016

Benchmarks

See 1,316 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,316 peers

Snapshot2021

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 10 of 24 by compensation

Provider	Service type	Compensation
FINANCIAL ENGINES3 years Service code 26 1050 ENTERPRISE WAY · SUNNYVALE, CA 94089	Advisory (Participants)	$188,599
T ROWE PRICE RPS INC4 years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$149,295
MERCER7+ years Service code 16 PO BOX 13793 · DALLAS, TX 75373	Consulting	$141,390
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC Service code 26 · EIN 95-2834236	Advisory (Participants)	$94,083
COLDSTREAM WEALTH MANAGEMENT4 years Service code 26 · EIN 93-1052371	Advisory (Participants)	$54,404
PINKERTON RETIREMENT SPECIALISTS4 years Filed as: PINKERTON RETIREMENT SPECIALIS Service code 26 · EIN 82-0494856	Advisory (Participants)	$39,683
BUCKINGHAM STRATEGIC PARTNERS2 years Service code 26 · EIN 20-8307105	Advisory (Participants)	$31,309
NATIONAL ASSET MANAGEMENT2 years Filed as: NATIONAL ASSET MANAGEMENT INC Service code 26 · EIN 91-1648671	Advisory (Participants)	$27,415
WEATHERLY ASSET MANAGEMENT4 years Service code 26 · EIN 33-0638187	Advisory (Participants)	$24,779
MERCER4 years Filed as: MERCER GLOBAL ADVISORS INC Service code 26 · EIN 74-3257877	Advisory (Participants)	$23,935

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$958K

$552 / participant

Investment mgmt$796K83.1%
Other / not subdivided$162K16.9%

% of EOY assets

0.068%

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
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$626,999

$67,512+828.7%

$185,854+237.4%

$93,010+574.1%

Participation rate

91.5%

67.1%+24.3pp

81.7%+9.8pp

73.9%+17.6pp

Annual return

14.76%

21.04%-6.3pp

122.12%-107.4pp

158.70%-143.9pp

Employer contribution / active EE

$21,612

$1,783+1112.0%

$5,169+318.1%

$2,705+698.9%

Participant deferral / active EE

$15,896

$3,035+423.7%

$5,569+185.4%

$4,561+248.5%

Admin fee / account holder

$428

$318+34.7%

$16,246-97.4%

$152+182.1%

Provider

Service type

Compensation

FINANCIAL ENGINES3 years

Service code 26

1050 ENTERPRISE WAY · SUNNYVALE, CA 94089

Advisory (Participants)

$188,599

T ROWE PRICE RPS INC4 years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$149,295

MERCER7+ years

Service code 16

PO BOX 13793 · DALLAS, TX 75373

Consulting

$141,390

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC

Service code 26 · EIN 95-2834236

Advisory (Participants)

$94,083

COLDSTREAM WEALTH MANAGEMENT4 years

Service code 26 · EIN 93-1052371

Advisory (Participants)

$54,404

PINKERTON RETIREMENT SPECIALISTS4 years

Filed as: PINKERTON RETIREMENT SPECIALIS

Service code 26 · EIN 82-0494856

Advisory (Participants)

$39,683

BUCKINGHAM STRATEGIC PARTNERS2 years

Service code 26 · EIN 20-8307105

Advisory (Participants)

$31,309

NATIONAL ASSET MANAGEMENT2 years

Filed as: NATIONAL ASSET MANAGEMENT INC

Service code 26 · EIN 91-1648671

Advisory (Participants)

$27,415

WEATHERLY ASSET MANAGEMENT4 years

Service code 26 · EIN 33-0638187

Advisory (Participants)

$24,779

MERCER4 years

Filed as: MERCER GLOBAL ADVISORS INC

Service code 26 · EIN 74-3257877

Advisory (Participants)

$23,935

WPMG 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WPMG 401(K) RETIREMENT SAVINGS 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