Retirement plan

SCPMG PHYSICIANS' 401(K) (FKA SCPMG PHYSICIANS' TAX SAVINGS RETIREMENT PLAN)

Name: SOUTHERN CALIFORNIA PERMANENTE MEDICAL GROUP - SCPMG PHYSICIANS' 401(K) (FKA SCPMG PHYSICIANS' TAX SAVINGS RETIREMENT PLAN) (2017) Form 5500
Creator: SOUTHERN CALIFORNIA PERMANENTE MEDICAL GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCPMG PHYSICIANS' 401(K) (FKA SCPMG PHYSICIANS' TAX SAVINGS RETIREMENT PLAN), SOUTHERN CALIFORNIA PERMANENTE MEDICAL GROUP

SOUTHERN CALIFORNIA PERMANENTE MEDICAL GROUPEIN 95-1750445Plan #009PY 2017

393 EAST WALNUT STREET - PASADENA, CA 911880001626-405-3024LinkedIn1-10 employeeshospital & health care

Other plans on this EIN

4 filings

#001Retirement-$4.70B assets #008Retirement-$3.97B assets #002Retirement-$775.8M assets #030Retirement-$551.3M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$2243.2M

-11.8% from 2016

Total participants

8,547

-5.1% from 2016

Average account balance

$296,799

-7.0% from 2016

Annual return

17.60%

-9.32 pp from 2016

Benchmarks

See 231 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort231 peers

Snapshot2017

Participant deferral / active EE

$15,283

median $2,750

Employer contribution / active EE

median $1,397

Participation rate

87.2%

median 83.7%

Avg account balance

$296,799

median $39,423

Admin fee / account holder

$187

median $40

Annual return

17.60%

median 17.88%

Overall peer rank

58of 100

58th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$6.54B

Average account balance

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

$295K

Participants with account balance

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

22,192

Eligible Participants and Participation

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

94.1%

Contributions (total)

Employer and participant dollars contributed each year

$357.72M

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.83%

Admin fee / account holder

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

$106

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
FINANCIAL ENGINES3+ years Service code 28 · EIN 94-3250323	Investment Management	$935,747
HOTCHKIS & WILEY CAPITAL MANAGEMENT2 years Filed as: HOTCHKIS & WILEY CAPITAL MGMT LLC Service code 28 · EIN 95-4871957	Investment Management	$666,258
CHARLES SCHWAB & CO., INC.2 years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$285,327
SCPMG2 years Service code 28 · EIN 95-1750445	Investment Management	$21,000

Plan features & details

Pension benefit codes2E2F2G2J2T

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.
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

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.4M

$183 / participant

Investment mgmt$936K66.1%
Contract admin$5000.0%
Other / not subdivided$479K33.8%

% of EOY assets

0.063%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ERNST & YOUNG, LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$296,799

$48,835+507.8%

$170,435+74.1%

$177,276+67.4%

Participation rate

87.2%

72.1%+15.1pp

83.6%+3.6pp

74.8%+12.4pp

Annual return

17.60%

19.44%-1.8pp

205.94%-188.3pp

21.25%-3.7pp

Employer contribution / active EE

$1,798-100.0%

$5,432-100.0%

$2,479-100.0%

Participant deferral / active EE

$15,283

$2,757+454.3%

$4,939+209.4%

$3,881+293.8%

Admin fee / account holder

$187

$52+260.4%

$13,881-98.7%

$154+21.5%

Provider

Service type

Compensation

FINANCIAL ENGINES3+ years

Service code 28 · EIN 94-3250323

Investment Management

$935,747

HOTCHKIS & WILEY CAPITAL MANAGEMENT2 years

Filed as: HOTCHKIS & WILEY CAPITAL MGMT LLC

Service code 28 · EIN 95-4871957

Investment Management

$666,258

CHARLES SCHWAB & CO., INC.2 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$285,327

SCPMG2 years

Service code 28 · EIN 95-1750445

Investment Management

$21,000

SCPMG PHYSICIANS' 401(K) (FKA SCPMG PHYSICIANS' TAX SAVINGS RETIREMENT PLAN)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCPMG PHYSICIANS' 401(K) (FKA SCPMG PHYSICIANS' TAX SAVINGS RETIREMENT 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