Plan Snapshot
- Plan Sponsor: The Permanente Medical Group, INC.
- Sponsor EIN: 942728480
- Sponsor Address: 5820 OWENS DRIVE, BUILDING E, PLEASANTON, CA, 94588
- Plan Type: DC
- Total Participants: 18,881
- Total Assets: $7.9B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 18,881 | $7.9B | $302.4M | $0 |
| 2023 | 18,553 | $7.0B | $285.5M | $0 |
| 2022 | 18,002 | $5.9B | $282.8M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FINANCIAL ENGINES | INVESTMENT ADVISOR | $1,605,062 | — | $1,605,062 |
| TELUS HEALTH | PLAN ADMINISTRATOR | $133,185 | — | $133,185 |
| BDO USA, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,738,247
- Estimated Expense Ratio: 0.022% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $3,522,461 | $1,605,062 | $133,185 | — | — |
| 2023 | $2,511,440 | $1,516,165 | $131,524 | — | — |
| 2022 | $6,009,534 | $5,884,980 | $124,554 | — | — |