California › Health care and social assistance › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Kaiser Permanente Supplemental Savings and Retirement Plan for Scpmg
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.
Southern California Permanente Medical Group of Pasadena, California sponsors Kaiser Permanente Supplemental Savings and Retirement Plan for Scpmg, a money purchase plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 9,731 participants (6,474 active) and $899M in net assets.
Net assets came to $92,408 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.
The employer contributed $42.0M during the year, or $6,488 per active participant against a same-size median of $2,424; participants contributed — and $143K arrived as rollovers and other contributions. Benefits paid out totalled $48.2M.
Schedule C lists 7 service provider organisations paid $5,000 or more, with reported compensation of $629K: $64.66 per participant, above the same-size median of $53.38. Administrative expenses charged to the plan were $661K. 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 $251M in 2009 to $899M in 2024 (up 259%), and participants from 6,719 to 9,731 (up 45%).
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 | $92,408 | $64,499 | $30,764 | $53,102 |
| Employer contributions per active participant | $6,488 | $2,424 | $1,536 | $2,175 |
| Schedule C compensation per participant | $64.66 | $53.38 | $93.85 | $123 |
| Schedule C compensation, share of net assets | 0.07% | 0.09% | 0.31% | 0.26% |
| Administrative expenses per participant | $67.94 | $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 | 9,731 | $899M | $92,408 | $42.0M | — | $629K |
| 2023 | 9,451 | $803M | $84,939 | $38.5M | — | $510K |
| 2022 | 9,153 | $693M | $75,708 | $35.5M | — | $508K |
| 2021 | 9,167 | $842M | $91,810 | $34.1M | $7.2M | $311K |
| 2020 | 10,401 | $767M | $73,767 | $34.9M | $10.9M | $370K |
| 2019 | 10,232 | $644M | $62,972 | $31.4M | $9.2M | $364K |
| 2018 | 10,032 | $533M | $53,125 | $29.4M | $7.7M | $292K |
| 2017 | 9,683 | $551M | $56,932 | $26.8M | $6.4M | $242K |
| 2016 | 9,421 | $480M | $50,905 | $26.6M | $6.7M | $224K |
| 2015 | 9,186 | $452M | $49,220 | $24.9M | $6.3M | $269K |
| 2014 | 8,993 | $452M | $50,274 | $25.3M | $6.0M | $452K |
| 2013 | 8,608 | $425M | $49,351 | $30.2M | $6.9M | $232K |
| 2012 | 7,742 | $357M | $46,150 | $25.4M | $6.3M | $192K |
| 2011 | 7,400 | $310M | $41,853 | $23.4M | $5.6M | $173K |
| 2010 | 6,974 | $288M | $41,322 | $20.8M | $4.7M | $152K |
| 2009 | 6,719 | $251M | $37,313 | $19.5M | $4.4M | $94K |
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$802,757,750
- Employer contributions$42,005,378
- Participant contributions—
- Rollovers and other contributions$143,363
- Total contributions$42,148,741
- Total income, including investment results$145,395,002
- Benefits paid$48,238,768
- Administrative expenses$661,133
- Total expenses$48,930,192
- Net income$96,464,810
- Net transfers$0
- Net assets, end of year$899,222,560
Participants
- Active participants6,474
- Retired or separated, receiving benefits142
- Retired or separated, entitled to future benefits3,066
- Participants with account balances9,647
- Total participants, end of year9,731
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Financial Engines Inc. | Investment management | $517,534 | $0 |
| Schwab Retirement Plan Services,inc | Recordkeeping and information management | $36,834 | $0 |
| Angeles Investment Advisors LL | Investment management; Legal | $31,076 | $0 |
| Envestnet Asset Management Inc. | Investment advisory (participants) | $25,456 | $0 |
| Baker Tilly US, LLP | Accounting (including auditing) | $11,750 | $0 |
| Seyfarth Shaw LLP | Legal | $5,120 | $0 |
| Charles Schwab & Co., Inc. | Securities brokerage | $1,462 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 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$594,402
- Recordkeeping fees$43,095
- IQPA audit fees$11,750
- Legal fees$11,205
- Contract administrator fees$681
- Total administrative expenses$661,133
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$886M · 98.6%
- Participant loans$12.9M · 1.4%
- Receivables$3,286 · 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
2CMoney purchase (other than target benefit) plan2FERISA section 404(c) plan2GTotal participant-directed account plan2KCode section 401(m) arrangement2RParticipant-directed brokerage accounts provided as an investment option under the plan2TTotal or partial participant-directed account plan with a default investment account
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 621112: Offices of Physicians, 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 |
| Scpmg Keogh Plan | 12,335 | $7.87B |
| Southern California Permanente Medical Group Tax Savings Retirement Plan | 2,983 | $407M |
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Onesmile 401(k) Plan and Trust | Onesmile, LLC | 9,768 | $349M | $35,698 |
| Memorialcare 401(k) Plan | Memorial Health Services | 9,539 | $432M | $45,275 |
| Thekey 401(k) Plan | Thekey | 10,079 | $32.3M | $3,201 |
| KPC Global 401(k) Plan | KPC Global Management, LLC | 9,181 | $298M | $32,490 |
| Childrens Hospital Los Angeles Employees' 401(k) Plan | Children's Hospital Los Angeles | 10,367 | $821M | $79,199 |
| Pih Health, Inc. 403(b) Plan | Pih Health, Inc. | 9,150 | $423M | $46,263 |
Defined contribution plans in health care and social assistance closest in size.
Questions and answers
How big is Kaiser Permanente Supplemental Savings and Retirement Plan for Scpmg?
9,731 participants at the end of the plan year ending 31 Dec 2024, of whom 6,474 were active employees, with net assets of $899,222,560. 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?
The filing reports $42,005,378 in employer contributions for the year, which is $6,488 per active participant; the median for plans of the same type and size was $2,424 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $629,232 in compensation to service provider organisations, $64.66 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 $661,133. 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. Recordkeeping or administration: Schwab Retirement Plan Services,inc. Investment advisory or management: Financial Engines Inc., Angeles Investment Advisors LL and Envestnet Asset Management Inc.. 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 030, 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.