California › Health care and social assistance › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Scpmg Keogh Plan
Sponsored by Southern California Permanente Medical Group, Pasadena, CA
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. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2024, Scpmg Keogh Plan covered 12,335 participants and held $7.87B in net assets. The plan is a profit-sharing plan sponsored by Southern California Permanente Medical Group of Pasadena, California.
Net assets came to $638,285 per participant, well above the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well above the $30,764 median for defined contribution plans in health care and social assistance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 15 service provider organisations paid $5,000 or more, with reported compensation of $5.8M: $467 per participant, well above the same-size median of $53.38. Administrative expenses charged to the plan were $5.8M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $1.69B in 2009 to $7.87B in 2024 (up 367%), and participants from 4,510 to 12,335 (up 174%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $638,285 | $64,499 | $30,764 | $53,102 |
| Employer contributions per active participant | — | $2,424 | $1,536 | $2,175 |
| Schedule C compensation per participant | $467 | $53.38 | $93.85 | $123 |
| Schedule C compensation, share of net assets | 0.07% | 0.09% | 0.31% | 0.26% |
| Administrative expenses per participant | $468 | $54.85 | $86.53 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 plans), health care and social assistance (9,402) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 12,335 | $7.87B | $638,284 | — | $291M | $5.8M |
| 2023 | 11,881 | $6.82B | $574,217 | — | $292M | $4.9M |
| 2022 | 11,295 | $5.60B | $495,715 | — | $271M | $4.8M |
| 2021 | 10,823 | $6.69B | $618,334 | — | $252M | $5.1M |
| 2020 | 10,557 | $5.72B | $542,194 | $0 | $242M | $4.1M |
| 2019 | 10,443 | $4.78B | $457,850 | — | $224M | $4.8M |
| 2018 | 10,097 | $3.82B | $378,230 | $205M | — | $5.0M |
| 2017 | 9,703 | $3.97B | $409,176 | $189M | — | $5.3M |
| 2016 | 9,420 | $3.32B | $352,894 | $180M | — | $4.7M |
| 2015 | 7,319 | $3.00B | $409,813 | — | $169M | $4.9M |
| 2014 | 7,634 | $2.95B | $386,897 | — | $158M | $5.3M |
| 2013 | 6,752 | $2.71B | $401,072 | — | $144M | $5.4M |
| 2012 | 6,447 | $2.23B | $346,462 | — | $132M | $4.5M |
| 2011 | 6,069 | $1.98B | $326,642 | — | $126M | $4.3M |
| 2010 | 5,683 | $1.95B | $343,269 | — | $119M | $4.0M |
| 2009 | 4,510 | $1.69B | $374,202 | — | $112M | $2.7M |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$6,822,267,649
- Employer contributions—
- Participant contributions$291,191,919
- Rollovers and other contributions$1,682,932
- Total contributions$292,874,851
- Total income, including investment results$1,371,589,558
- Benefits paid$313,503,671
- Administrative expenses$5,768,474
- Total expenses$320,617,780
- Net income$1,050,971,778
- Net transfers$0
- Net assets, end of year$7,873,239,427
Participants
- Active participants11,088
- Retired or separated, receiving benefits30
- Retired or separated, entitled to future benefits1,178
- Participants with account balances8,803
- Total participants, end of year12,335
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Financial Engines Inc. | Investment management | $2,226,523 | $0 |
| Ewg Elevate Inc. | Investment advisory (participants) | $771,509 | $0 |
| Financial Engines Advisors LLC | Investment advisory (participants) | $237,307 | $0 |
| Signature Estate & Investment | Investment advisory (participants) | $187,699 | $0 |
| Stratos Wealth Partners Ltd. | Investment advisory (participants) | $185,329 | $0 |
| LMCG Investments LLC | Investment advisory (participants) | $139,352 | $0 |
| Great Gable Advisors LLC | Investment advisory (participants) | $137,340 | $0 |
| Fisher Investments | Investment advisory (participants) | $134,895 | $0 |
| Creative Planning LLC | Investment advisory (participants) | $133,132 | $0 |
| Charles Schwab & Co., Inc. | Securities brokerage | $114,069 | $361 |
| Envestnet Asset Management Inc. | Investment advisory (participants) | $111,358 | $0 |
| Avantax Advisory Services Inc. | Investment advisory (participants) | $110,682 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 smaller rows are not shown. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$5,722,329
- Recordkeeping fees$44,838
- Legal fees$1,307
- Total administrative expenses$5,768,474
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Master trust investment accounts$7.87B · 100.0%
- Receivables$2.1M · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmBaker Tilly US, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $85,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2RParticipant-directed brokerage accounts provided as an investment option under the plan2TTotal or partial participant-directed account plan with a default investment account3BPlan covering self-employed individuals3FPlan sponsor(s) received services of leased employees
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 621111: Offices of Physicians (except mental health specialists).
Other plans of Southern California Permanente Medical Group
| Plan | Participants | Net assets |
|---|---|---|
| Kaiser Permanente Retirement Plan for Scpmg | 69,139 | $8.38B |
| The 401(k) Plan for Permanente Medical Groups | 23,286 | $6.54B |
| Kaiser Permanente Supplemental Savings and Retirement Plan for Scpmg | 9,731 | $899M |
| Southern California Permanente Medical Group Tax Savings Retirement Plan | 2,983 | $407M |
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Community Hospitals of Central California Tax Sheltered Annuity Plan | Community Hospitals of Central California | 12,380 | $673M | $54,383 |
| Kaiser Permanente Washington Defined Contribution Plan | Kaiser Foundation Health Plan of Washington | 11,949 | $568M | $47,496 |
| City of Hope National Medical Center Defined Contribution Retirement Plan | City of Hope National Medical Center | 13,535 | $531M | $39,266 |
| Radnet 401(k) Plan | Radnet, Inc. | 11,814 | $437M | $36,954 |
| Prospect Medical Retirement Savings Plan a | Prospect Medical Holdings, Inc. | 13,551 | $552M | $40,704 |
| Hoag Sheltered Savings Plan | Hoag Memorial Hospital Presbyterian | 11,699 | $1.25B | $107,168 |
Defined contribution plans in health care and social assistance closest in size.
Questions and answers
How big is Scpmg Keogh Plan?
12,335 participants at the end of the plan year ending 31 Dec 2024, of whom 11,088 were active employees, with net assets of $7,873,239,427. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does Southern California Permanente Medical Group contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $5,763,526 in compensation to service provider organisations, $467 per participant or 0.07% of net assets. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $5,768,474. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Southern California Permanente Medical Group. Investment advisory or management: Financial Engines Inc., Ewg Elevate Inc. and Financial Engines Advisors LLC. The financial statements were audited by Baker Tilly US, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 13 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 95-1750445, plan 008, received 13 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.