Employer · plans filed under one EIN
The Permanente Medical Group, Inc.
Oakland, CA · Health care and social assistance
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
The Permanente Medical Group, Inc., based in Oakland, California, sponsors 6 retirement plans with 100 or more participants: 3 defined contribution and 3 defined benefit. Together they reported 142,816 participant records and $35.2B in net assets.
The largest is Kaiser Permanente Employees Pension Plan, a defined benefit pension plan with 55,868 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $1.07B and participant contributions $481M in the latest plan years; benefits paid were $1.41B. Schedule C compensation reported to service provider organisations totalled $4.3M.
Combined net assets moved from $7.72B in 2009 to $35.2B in 2024 (up 356%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Kaiser Permanente Employees Pension Plan | defined benefit pension plan | 2024 | 55,868 | $5.63B | $100,724 | $4,179 | $0 |
| Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. | defined benefit pension plan | 2024 | 30,132 | $11.4B | $379,602 | $29,875 | $0 |
| The Permanente Medical Group, Inc. Salary Deferral Plan | 401(k) plan | 2024 | 30,066 | $9.88B | $328,692 | — | $2.5M |
| The Permanente Contribution Plan of the Permanente Medical Group, Inc. | money purchase plan | 2024 | 25,845 | $7.90B | $305,802 | $16,015 | $1.7M |
| The Permanente Medical Group, Inc. Salary Deferral Retirement Plan | 401(k) plan | 2024 | 459 | $205M | $446,154 | $3,236 | $30K |
| Kaiser Permanente Optometrists Retirement Plan | defined benefit pension plan | 2024 | 446 | $133M | $297,305 | $19,886 | $0 |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 6 | 142,816 | $35.2B | $1.07B | $481M |
| 2023 | 6 | 138,928 | $32.1B | $781M | $450M |
| 2022 | 6 | 132,556 | $28.7B | $778M | $428M |
| 2021 | 6 | 126,709 | $33.6B | $1.04B | $400M |
| 2020 | 6 | 123,539 | $29.1B | $1.29B | $379M |
| 2019 | 6 | 120,366 | $25.1B | $1.02B | $349M |
| 2018 | 6 | 115,691 | $20.4B | $1.06B | $321M |
| 2017 | 6 | 110,913 | $20.7B | $852M | $289M |
| 2016 | 6 | 105,762 | $17.4B | $827M | $262M |
| 2015 | 6 | 101,875 | $15.9B | $737M | $238M |
| 2014 | 6 | 98,084 | $15.7B | $896M | $220M |
| 2013 | 6 | 96,093 | $14.2B | $906M | $207M |
| 2012 | 6 | 95,792 | $11.9B | $800M | $189M |
| 2011 | 6 | 92,341 | $10.00B | $720M | $175M |
| 2010 | 6 | 89,588 | $9.31B | $761M | $164M |
| 2009 | 6 | 87,399 | $7.72B | $708M | $157M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Financial Engines | Investment advisory (plan) | 2 | $3,549,308 |
| Brinker Capital Inv LLC | Investment advisory (participants) | 1 | $249,756 |
| Telus Health | Plan Administrator | 1 | $133,185 |
| Fisher Investments | Investment advisory (participants) | 1 | $73,201 |
| Gemmer Asset Management | Investment advisory (participants) | 1 | $66,498 |
| Fidelity Investments Institutional | Participant loan processing | 2 | $52,029 |
| 1919 Investment Counsel, LLC | Investment advisory (participants) | 1 | $34,684 |
| Frontier Asset MGMT | Investment advisory (participants) | 1 | $32,747 |
| Vanguard Advisers Inc. | Investment advisory (participants) | 1 | $27,077 |
| Protection Point Advisors | Investment advisory (participants) | 1 | $15,370 |
| Cambridge Investment Advisors, Inc. | Investment advisory (participants) | 1 | $10,650 |
| Creative Planning | Investment advisory (participants) | 1 | $8,293 |
| Wealth Enhancement Adv Services LLC | Investment advisory (participants) | 1 | $6,745 |
| The Vanguard Group, Inc. | Recordkeeping and information management; Trustee (directed); Participant loan processing; Participant communication | 1 | $2,506 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does The Permanente Medical Group, Inc. have?
6 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Kaiser Permanente Employees Pension Plan, Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc., The Permanente Medical Group, Inc. Salary Deferral Plan and The Permanente Contribution Plan of the Permanente Medical Group, Inc. and others. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does The Permanente Medical Group, Inc. contribute to its plans?
$1,067,636,902 in employer contributions across these plans in their latest plan years, about $10,350 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Financial Engines, Brinker Capital Inv LLC, Telus Health and Fisher Investments and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.