401(k) · DOL Form 5500 · 2023
The Permanente Medical Group, Inc. 401(k) Plan
Data updated 2026-08-25
- $8.5B
- Total assets Very large vs avg
- 20,817
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $408,632
- Avg per participant High balance/head
Official DOL plan name: The Permanente Medical Group, Inc. Salary Deferral Plan · Sponsored by The Permanente Medical Group, Inc. · California · Healthcare & Social Assistance
$8.5B in assets, 20,817 participants
The Permanente Medical Group, Inc.'s The Permanente Medical Group, Inc. Salary Deferral Plan reported $8.5B in total assets and 20,817 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.
- #17,672 in Healthcare & Social Assistance (17,684 peers)
Coverage in California
The Permanente Medical Group, Inc. Salary Deferral Plan covers 20,817 participants in California, 33x the typical California plan (state average ~630 per filing). Assets: $8.5B.
- #17,672
- in Healthcare & Social Assistance (17,684 peers)
- +21.7%
- assets growth YoY
- 85×
- vs typical plan assets (national mean)
The Permanente Medical Group, Inc. Salary Deferral Plan's outsized position by total assets
The Permanente Medical Group, Inc. Salary Deferral Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$8,506,485,787 Highest reported value at or above every one 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
The Permanente Medical Group, Inc. Salary Deferral Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Permanente Medical Group, Inc. Salary Deferral Plan is a mega filing (20,817 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- The Permanente Medical Group, Inc. Salary Deferral Plan reported net income rose from -$1.3B in the plan year 2022 filing to $1.5B in the plan year 2023 filing.
- The Permanente Medical Group, Inc. Salary Deferral Plan end-of-year assets rose from $7.0B in the plan year 2022 filing to $8.5B in the plan year 2023 filing.
- The Permanente Medical Group, Inc. Salary Deferral Plan reported participants rose from 19,110 in the plan year 2022 filing to 20,817 in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 942728480 · The Permanente Medical Group, Inc. PY 2023 · 401(k)
The Permanente Medical Group, Inc. Salary Deferral Plan · $8.5B · 20,817 · 100th
- PART $8.5B
- PART 20,817
- PART 100th
- PART 401(k)
- PART near Nucor Corporation Profit Sharing and Retirement Savings Plan
- PART ind #17672
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 →
The Permanente Medical Group, Inc. Salary Deferral Plan in the asset neighbourhood
California filing particulars
| Total Assets (Beginning of Year) | $7.0B |
|---|---|
| Net Assets (End of Year) | $8.5B |
| Net Income | $1.5B |
| Employer EIN | 942728480 |
| Plan Effective Date | 1982-01-02 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Permanente Medical Group, Inc.)
Sponsor-wide plan assets over time
All The Permanente Medical Group, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $35.2B 22.780701823225495% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 6 | 92,233 | $28.7B |
| 2023 | 6 | 96,363 | $32.1B |
| 2024 | 6 | 100,822 | $35.2B |
Nearby 401(k) Plans in California
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Wells Fargo & Company 401(k) Plan $51.8B · 193,919
- Google LLC 401(k) Savings Plan $39.0B · 122,867
- Oracle Corporation 401(k) Savings and Investment Plan $26.3B · 63,105
- Intel 401(k) Savings Plan $22.2B · 59,863
- Apple 401(k) Plan $19.8B · 106,111
Scale composition for The Permanente Medical Group, Inc. Salary Deferral Plan
The Permanente Medical Group, Inc. Salary Deferral Plan reports $8.5B in end-of-year assets across 20,817 participants (0.069% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.022% of 93,925,755 covered participants) - about $408,632 per participant (3.0x the national average assets-per-participant) . Net income for plan year 2023 was $1.5B.
This plan identity (EIN 942728480, plan #013) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $7.0B to $9.9B (+41.4%) while covered participants moved from 19,110 to 21,688 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 19,110 | $7.0B | Open filing |
| 2023 | 20,817 | $8.5B | This page |
| 2024 · index core | 21,688 | $9.9B | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. (Defined Benefit (Pension), $11.4B, 18,983 participants)
- The Permanente Medical Group, Inc. Salary Deferral Plan (401(k), $9.9B, 21,688 participants)
- The Permanente Contribution Plan of the Permanente Medical Group, Inc. (Money Purchase, $7.9B, 18,550 participants)
- Kaiser Permanente Employees Pension Plan (Defined Benefit (Pension), $5.6B, 40,879 participants)
The Permanente Medical Group, Inc. Salary Deferral Plan's out-of-state 401(k) peers by assets and headcount
Outside California, the nearest 401(k) by assets is Nucor Corporation Profit Sharing and Retirement Savings Plan in NC ($8.5B); by covered participants it is Warner Bros. Discovery 401(k) Savings Plan in NY (20,814 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($8.5B here).
- Nucor Corporation Profit Sharing and Retirement Savings Plan (NC) $8.5B · 24,174
- The Cargill Partnership Plan (MN) $8.4B · 29,087
- The Kroger Co. 401(k) Retirement Savings Account Plan (OH) $8.4B · 129,769
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States (MI) $8.6B · 40,393
Similar participant headcount
Nearest other-state filings by covered participants (20,817 participants); asset peers above are excluded.
- Warner Bros. Discovery 401(k) Savings Plan (NY) 20,814 · 3 off
- International Paper Company Hourly Savings Plan (TN) 20,831 · 14 off
- Jo-Ann Stores, LLC 401(k) Savings Plan (OH) 20,860 · 43 off
- Hah Holdings, LLC 401(k) Plan (IL) 20,752 · 65 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.