Plan Ledger DOL Form 5500 · updated monthly

The Permanente Medical Group, Inc.401(k)

THE PERMANENTE MEDICAL GROUP, INC. SALARY DEFERRAL PLAN · OAKLAND, CA · plan year 2024

Reported admin expense ratio · 2024
0.02%

The Permanente Medical Group, Inc. reported $1,653,230 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.03% to 0.02%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 14th-largest of 9,483 plans among California employers on file, and the 8th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$9,882,460,618
Participants with balances28,964
Active participants21,762
Employer contributions—
Employee contributions$454,728,799
Employer contribution per active participant—
Average account balance$341,198
Benefits paid to participants$434,192,145
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.9B · 28,964 accts
2023$8.5B · 28,504 accts
2022$7.0B · 27,548 accts
Administrative expenses, itemized · 2024
Investment management$1,944,246
Total administrative$1,653,230
What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 202412
FINANCIAL ENGINES · Investment advisory (plan)$1,944,246
BRINKER CAPITAL INV LLC · Investment advisory (participants)$249,756
FISHER INVESTMENTS · Investment advisory (participants)$73,201
GEMMER ASSET MANAGEMENT · Investment advisory (participants)$66,498
CAPTIAL ADVANTAGE · Investment advisory (participants)$65,305
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$52,029
1919 INVESTMENT COUNSEL, LLC · Investment advisory (participants)$34,684
FRONTIER ASSET MGMT · Investment advisory (participants)$32,747
PROTECTION POINT ADVISORS · Investment advisory (participants)$15,370
CAMBRIDGE INVESTMENT ADVISORS, INC. · Investment advisory (participants)$10,650
CREATIVE PLANNING · Investment advisory (participants)$8,293
WEALTH ENHANCEMENT ADV SERVICES LLC · Investment advisory (participants)$6,745

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,653,230 · 0.02%
2023$1,794,466 · 0.02%
2022$2,207,125 · 0.03%
All plans at this employer3
THE PERMANENTE MEDICAL GROUP, INC. SALARY DEFERRAL PLAN401(k)
THE PERMANENTE MEDICAL GROUP, INC. SALARY DEFERRAL RETIREMENT PLAN401(k)
THE PERMANENTE CONTRIBUTION PLAN OF THE PERMANENTE MEDICAL GROUP, INC.Money purchase plan
Same employer
Similar plansHealth Care & Social Assistance · California
Mayo Clinic MN$15.1B · 0.07%
Northwell Health, Inc. NY$10.9B · 0.03%
Advocate Aurora Health, Inc WI$10.5B · 0.07%
Commonspirit Health KY$8.8B · 0.02%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 942728480 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.