Defined Benefit (Pension) · DOL Form 5500 · 2023
Palo Alto Foundation Medical Group, Inc. Pension Plan
Data updated 2026-08-25
- $282M
- Total assets Near avg plan size
- 943
- Participants Near avg headcount
- 96th
- Percentile by assets National rank
- $298,991
- Avg per participant High balance/head
Official DOL plan name: Pafmg Cash Balance Plan II · Sponsored by Palo Alto Foundation Medical Group, Inc. · California · Healthcare & Social Assistance
$282M in assets, 943 participants
Palo Alto Foundation Medical Group, Inc.'s Pafmg Cash Balance Plan II reported $282M in total assets and 943 participants in its 2023 DOL Form 5500 filing, ranking in the 96th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #17,038 in Healthcare & Social Assistance (17,684 peers)
Where Pafmg Cash Balance Plan II sits by assets
Pafmg Cash Balance Plan II sits in the top 5% of all filed plans by assets, $282M for 943 participants (~$298,991/participant), up 34.4% in 2023.
- #17,038
- in Healthcare & Social Assistance (17,684 peers)
- +34.4%
- assets growth YoY
- 2.8×
- vs typical plan assets (national mean)
Pafmg Cash Balance Plan II's outsized position by total assets
Pafmg Cash Balance Plan II vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$281,948,594 Top 4% higher than 96% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Pafmg Cash Balance Plan II among mid-size filed plans by headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Pafmg Cash Balance Plan II sits mid-pack in the medium band (943 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Pafmg Cash Balance Plan II reported net income rose from $14M in the plan year 2022 filing to $72M in the plan year 2023 filing.
- Pafmg Cash Balance Plan II end-of-year assets rose from $210M in the plan year 2022 filing to $282M in the plan year 2023 filing.
- Pafmg Cash Balance Plan II reported participants fell from 957 in the plan year 2022 filing to 943 in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 510656809 · Palo Alto Foundation Medical Group, Inc. PY 2023 · Defined Benefit (Pension)
Pafmg Cash Balance Plan II · $282M · 943 · 96th
- VS-ST $282M
- BOY 943
- SCH 96th
- EBSA Defined Benefit (Pension)
- PART near Plumbers Local 9 Pension Plan
- TYPE ind #17038
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Healthcare & Social Assistance retirement plans → · Plans in California →
Pafmg Cash Balance Plan II in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $210M |
|---|---|
| Net Assets (End of Year) | $282M |
| Net Income | $72M |
| Employer EIN | 510656809 |
| Plan Effective Date | 2018-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Palo Alto Foundation Medical Group, Inc.)
Sponsor-wide plan assets over time
All Palo Alto Foundation Medical Group, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $2.6B 40.208510094158314% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 2,718 | $1.9B |
| 2023 | 2 | 2,752 | $2.2B |
| 2024 | 2 | 2,827 | $2.6B |
Nearby Defined Benefit (Pension) Plans in California
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Kaiser Permanente Retirement Plan $33.5B · 127,356
- Pacific Gas and Electric Company Retirement Plan $21.4B · 22,914
- Pacific Gas and Electric Company Retirement Plan $18.0B · 25,647
- Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. $10.8B · 19,545
- Disney Salaried Pension Plan D $10.1B · 10,813
Pafmg Cash Balance Plan II's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside California, the nearest Defined Benefit (Pension) by assets is Plumbers Local 9 Pension Plan in NJ ($282M); by covered participants it is Retirement Plan for Union Represented Employees in NJ (943 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($282M here).
- Plumbers Local 9 Pension Plan (NJ) $282M · 695
- Sumitomo Mitsui Banking Corporation Retirement Plan (NY) $281M · 3,094
- Inlandboatmen's Union of the Pacific National Pension Plan (OR) $281M · 1,328
- Iron Workers Pension Plan of Western Pennsylvania (PA) $281M · 1,034
Similar participant headcount
Nearest other-state filings by covered participants (943 participants); asset peers above are excluded.
- Retirement Plan for Union Represented Employees (NJ) 943 · 0 off
- General Retirement Plan for Employees of Carpenter Technology Corporation (PA) 941 · 2 off
- Columbia University Retirement Plan - Local 241, Transport Workers Union of America (NY) 945 · 2 off
- Ng Es Union Represented Employees Pension Plan (VA) 940 · 3 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.