Money Purchase
2022 plan-year Money Purchase DOL Form 5500

The Permanente Contribution Plan of the Permanente Medical Group, Inc.

ERISA Form 5500 plan record drawn from DOL EBSA โ€” verify with linked source filings below.

Sponsored by The Permanente Medical Group, Inc. ยท California ยท Healthcare & Social Assistance

What the 2023 filing shows

The Permanente Contribution Plan of the Permanente Medical Group, Inc. holds $5.9B for 17,035 participants - about $345,294 per participant, down 15.7% over the 2022 plan year.

$5.9B
total plan assets (2022 EOY)
17,035
covered participants
$345,294
avg assets per participant
-15.7%
assets change YoY

The plan reported a net loss of $1.1B for the year โ€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$5.9B
Participants
17,035
State
Industry
Healthcare & Social Assistance

What the Filing Says About The Permanente Contribution Plan of the Permanente Medical Group, Inc.

The Permanente Contribution Plan of the Permanente Medical Group, Inc. is a Money Purchase retirement plan sponsored by The Permanente Medical Group, Inc., headquartered in California. As of the 2022 Form 5500 filing, the plan reports $5.9B in total end-of-year assets and covers 17,035 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 942728480, and the plan has been effective since 1994-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $7.0B at the beginning of 2022 to $5.9B at year-end โ€” a decline of 15.7%. Net assets (after liabilities) closed the year at $5.9B, with reported net income of $-1,099,569,002 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows โ€” a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$7.0B
Total Assets (End of Year)$5.9B
Net Assets (End of Year)$5.9B
Net Income$-1,099,569,002
Plan TypeMoney Purchase
Employer EIN942728480
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Permanente Medical Group, Inc.)

Year Plans Participants Total Assets
2022 6 92,233 $28.7B
2023 6 96,363 $32.1B
2024 6 100,822 $35.2B

Nearby Money Purchase Plans in California

Peer Money Purchase plans โ€” same state, same plan type โ€” ranked by total assets.

Frequently Asked Questions

How much money is in the The Permanente Contribution Plan of the Permanente Medical Group, Inc.?
As of the 2022 Form 5500 filing, The Permanente Contribution Plan of the Permanente Medical Group, Inc. holds $5.9B in total assets with 17,035 participants. It is sponsored by The Permanente Medical Group, Inc..
What type of plan is The Permanente Contribution Plan of the Permanente Medical Group, Inc.?
The Permanente Contribution Plan of the Permanente Medical Group, Inc. is a Money Purchase plan. It has been effective since 1994-01-01. The plan is filed with the U.S. Department of Labor under EIN 942728480.
Who sponsors the The Permanente Contribution Plan of the Permanente Medical Group, Inc.?
The Permanente Contribution Plan of the Permanente Medical Group, Inc. is sponsored by The Permanente Medical Group, Inc., located in California. The sponsor's EIN is 942728480 and the plan operates in the Healthcare & Social Assistance industry.
How did The Permanente Contribution Plan of the Permanente Medical Group, Inc. perform in 2022?
The Permanente Contribution Plan of the Permanente Medical Group, Inc. declined by 15.7% during 2022, moving from $7.0B to $5.9B in total assets. Net income was $-1,099,569,002.
Where can I find official filings for The Permanente Contribution Plan of the Permanente Medical Group, Inc.?
Official Form 5500 filings for The Permanente Contribution Plan of the Permanente Medical Group, Inc. are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 942728480 or plan name at efast.dol.gov.
How does The Permanente Contribution Plan of the Permanente Medical Group, Inc. compare to other plans?
You can compare The Permanente Contribution Plan of the Permanente Medical Group, Inc. against other Money Purchase plans on the plan type page, or view plans in California on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) โ€” original filing retrieval by EIN 942728480.

Reference: IRS Publication 560 โ€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B โ€” Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.