Money Purchase · DOL Form 5500 · 2023

The Permanente Medical Group, Inc. Money Purchase Plan

Data updated 2026-08-25

$7.0B
Total assets Very large vs avg
18,060
Participants Very large workforce
100th
Percentile by assets National rank
$385,703
Avg per participant High balance/head
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Official DOL plan name: The Permanente Contribution Plan of the Permanente Medical Group, Inc. · Sponsored by The Permanente Medical Group, Inc. · California · Healthcare & Social Assistance

$7.0B in assets, 18,060 participants

The Permanente Medical Group, Inc.'s The Permanente Contribution Plan of the Permanente Medical Group, Inc. reported $7.0B in total assets and 18,060 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.

  • #17,665 in Healthcare & Social Assistance (17,684 peers)

Coverage in California

The Permanente Contribution Plan of the Permanente Medical Group, Inc. covers 18,060 participants in California, 29x the typical California plan (state average ~630 per filing). Assets: $7.0B.

#17,665
in Healthcare & Social Assistance (17,684 peers)
+18.4%
assets growth YoY
70×
vs typical plan assets (national mean)

The Permanente Contribution Plan of the Permanente Medical Group, Inc.'s outsized position by total assets

The Permanente Contribution Plan of the Permanente Medical Group, Inc. vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$6,965,801,295 Highest reported value at or above every one of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

The Permanente Contribution Plan of the Permanente Medical Group, Inc.'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 Contribution Plan of the Permanente Medical Group, Inc. is a mega filing (18,060 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Permanente Contribution Plan of the Permanente Medical Group, Inc. reported net income rose from -$1.1B in the plan year 2022 filing to $1.1B in the plan year 2023 filing.
  • The Permanente Contribution Plan of the Permanente Medical Group, Inc. end-of-year assets rose from $5.9B in the plan year 2022 filing to $7.0B in the plan year 2023 filing.
  • The Permanente Contribution Plan of the Permanente Medical Group, Inc. reported participants rose from 17,035 in the plan year 2022 filing to 18,060 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 942728480 · The Permanente Medical Group, Inc. PY 2023 · Money Purchase

The Permanente Contribution Plan of the Permanente Medical Group, Inc. · $7.0B · 18,060 · 100th

  • 5500 $7.0B
  • ASSETS 18,060
  • PCT 100th
  • EIN Money Purchase
  • RANK near Tiaa Retirement Plan
  • PHOTO ind #17665

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 Contribution Plan of the Permanente Medical Group, Inc. in the asset neighbourhood

The Permanente Contribution Plan of the Permanente Medical Group, Inc.The Permanente Contribution …$7.0BTiaa Retirement Plan$5.3BYoung Men's Christian Association Retirement Fund Retirement PlanYoung Men's Christian Associ…$3.7BThe Johns Hopkins University Applied Physics Laboratory Pension Plan aThe Johns Hopkins University…$2.7BThe Mitre Corporation Qualified Retirement PlanThe Mitre Corporation Qualif…$2.6B
End-of-year total assets ($B) among The Permanente Contribution Plan of the Permanente Medical Group, Inc. and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$5.9B
Net Assets (End of Year)$7.0B
Net Income$1.1B
Employer EIN942728480
Plan Effective Date1994-01-01
Filing StatusFILING 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
$28B$30B$32B$34B$36B 202220232024 $28.7B $35.2B ▲ +22.8%
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, same state, same plan type, ranked by total assets.

The Permanente Contribution Plan of the Permanente Medical Group, Inc. vs. nearby Money Purchase plans in California, assets vs. participants Scatter plot of 6 data points. 150002000025000300003500040000 02468 Total assets ($B) Participants The Permanente Contribution Plan of the Permanente Medical Group, Inc., Total assets ($B): 6.965801295 · Participants: 18060The Permanente Contribution Plan of the Permanente Medical Group, Inc.Kaiser Permanente Supplemental Savings and Retirement Plan, Total assets ($B): 5.097985049 · Participants: 36330Kaiser Permanente Supplemental Savings and Retirement PlanUniversity of Southern California Defined Contribution Retirement Plan, Total assets ($B): 4.426886727 · Participants: 20136University of Southern California Defined Contribution Retirement PlanCarpenters Annuity Trust Fund for Northern California, Total assets ($B): 3.257361302 · Participants: 25961Carpenters Annuity Trust Fund for Northern CaliforniaDirectors Guild of America-Producer Pension Plan Supplemental Benefit Plan, Total assets ($B): 2.151319709 · Participants: 23168Directors Guild of America-Producer Pension Plan Supplemental Benefit PlanLaborers Annuity Plan for Northern California, Total assets ($B): 1.392145688 · Participants: 29863Laborers Annuity Plan for Northern California
The Permanente Contribution Plan of the Permanente Medical Group, Inc. vs. nearby Money Purchase plans in California, assets vs. participants
Compare The Permanente Contribution Plan of the Permanente Medical Group, Inc. side-by-side with 3 peers →

Scale composition for The Permanente Contribution Plan of the Permanente Medical Group, Inc.

The Permanente Contribution Plan of the Permanente Medical Group, Inc. reports $7.0B in end-of-year assets across 18,060 participants (0.057% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.019% of 93,925,755 covered participants) - about $385,703 per participant (2.8x the national average assets-per-participant) . Net income for plan year 2023 was $1.1B.

This plan identity (EIN 942728480, plan #040) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $5.9B to $7.9B (+34.4%) while covered participants moved from 17,035 to 18,550 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 17,035 $5.9B Open filing
2023 18,060 $7.0B This page
2024 · index core 18,550 $7.9B Open filing

The same sponsor also keeps 4 other index-core plans on PlainRetire:

The Permanente Contribution Plan of the Permanente Medical Group, Inc.'s out-of-state Money Purchase peers by assets and headcount

Outside California, the nearest Money Purchase by assets is Tiaa Retirement Plan in NY ($5.3B); by covered participants it is Michigan Regional Council of Carpenters' Annuity Fund in MI (17,454 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (18,060 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did The Permanente Contribution Plan of the Permanente Medical Group, Inc. assets move in 2023? ▼
The Permanente Contribution Plan of the Permanente Medical Group, Inc. grew sharply - up 18.4% during 2023, from $5.9B to $7.0B. Reported net income was $1.1B.
How have The Permanente Medical Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Permanente Medical Group, Inc.'s sponsor-wide assets grew 22.8%, from $28.7B to $35.2B.
Where does The Permanente Contribution Plan of the Permanente Medical Group, Inc. rank by assets among Form 5500 filers? ▼
The Permanente Contribution Plan of the Permanente Medical Group, Inc. ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which Money Purchase plans are similar in size to The Permanente Contribution Plan of the Permanente Medical Group, Inc.? ▼
Among Money Purchase plans in other states, the closest by assets is Tiaa Retirement Plan in NY ($5.3B, 12,501 participants).
Which Money Purchase plans cover a similar participant headcount to The Permanente Contribution Plan of the Permanente Medical Group, Inc.? ▼
Among Money Purchase plans in other states, the closest by covered participants is Michigan Regional Council of Carpenters' Annuity Fund in MI (17,454 participants, $500M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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

Read our methodology - how this data is sourced, computed, and verified.

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