Retirement plan

WASHINGTON PERMANENTE MEDICAL GROUP PENSION PLAN

Name: WASHINGTON PERMANENTE MEDICAL GROUP P.C. - WASHINGTON PERMANENTE MEDICAL GROUP PENSION PLAN (2017) Form 5500
Creator: WASHINGTON PERMANENTE MEDICAL GROUP P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WASHINGTON PERMANENTE MEDICAL GROUP PENSION PLAN, WASHINGTON PERMANENTE MEDICAL GROUP P.C.

WASHINGTON PERMANENTE MEDICAL GROUP P.C.EIN 91-1841629Plan #002PY 2017

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

Other plans on this EIN

2 filings

#001Retirement-$392.9M assets #003Retirement-$54.4M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$607.2M

-6.0% from 2016

Total participants

1,621

-5.3% from 2016

Average account balance

$369,774

-1.7% from 2016

Annual return

16.42%

-10.19 pp from 2016

Benchmarks

See 1,308 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,308 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$607.17M

Not enough data

1 years with asset history on file

Average account balance

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

$370K

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.

1,642

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.

101.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$24.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+16.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$550

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
MILLIMAN, INC.3+ years Filed as: MILLIMAN Service code 15 · EIN 91-0675641	Recordkeeping	$179,847
MATRIX TRUST COMPANY2 years Service code 19 · EIN 75-3182674	Securities Custodian	$170,028
MERCER3+ years Service code 27 · EIN 61-0736136	Advisory (Plan)	$61,568
BLACKROCK3+ years Service code 28 · EIN 94-3112180	Investment Management	$20,469
OPPENHEIMER3+ years Service code 28 · EIN 13-3459790	Investment Management	$6,979

Plan features & details

Pension benefit codes2C2F2G2R2T

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.
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

2 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$903K

$781 / participant

Contract admin$723K80.1%
Other / not subdivided$180K19.9%

% of EOY assets

0.149%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$369,774

$44,989+721.9%

$170,435+117.0%

$77,958+374.3%

Participation rate

100.0%

64.6%+35.4pp

83.6%+16.4pp

71.6%+28.4pp

Annual return

16.42%

19.61%-3.2pp

205.94%-189.5pp

20.87%-4.4pp

Employer contribution / active EE

$21,310

$1,466+1353.4%

$5,432+292.3%

$2,310+822.3%

Participant deferral / active EE

$2,208-100.0%

$4,939-100.0%

$3,537-100.0%

Admin fee / account holder

$550

$69+697.5%

$13,881-96.0%

$97+464.8%

Provider

Service type

Compensation

MILLIMAN, INC.3+ years

Filed as: MILLIMAN

Service code 15 · EIN 91-0675641

Recordkeeping

$179,847

MATRIX TRUST COMPANY2 years

Service code 19 · EIN 75-3182674

Securities Custodian

$170,028

MERCER3+ years

Service code 27 · EIN 61-0736136

Advisory (Plan)

$61,568

BLACKROCK3+ years

Service code 28 · EIN 94-3112180

Investment Management

$20,469

OPPENHEIMER3+ years

Service code 28 · EIN 13-3459790

Investment Management

$6,979

WASHINGTON PERMANENTE MEDICAL GROUP PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WASHINGTON PERMANENTE MEDICAL GROUP PENSION 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