401(k) · DOL Form 5500 · 2023

Palo Alto Foundation Medical Group, Inc. 401(k) Plan

Data updated 2026-08-25

$2.0B
Total assets Very large vs avg
1,809
Participants Near avg headcount
99th
Percentile by assets National rank
$1.1M
Avg per participant High balance/head
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Official DOL plan name: Palo Alto Foundation Medical Group, Inc. 401(k) Plan · Sponsored by Palo Alto Foundation Medical Group, Inc. · California · Healthcare & Social Assistance

$2.0B in assets, 1,809 participants

Palo Alto Foundation Medical Group, Inc.'s Palo Alto Foundation Medical Group, Inc. 401(k) Plan reported $2.0B in total assets and 1,809 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

  • #17,586 in Healthcare & Social Assistance (17,684 peers)

Coverage in California

Palo Alto Foundation Medical Group, Inc. 401(k) Plan covers 1,809 participants in California, 2.9x the typical California plan (state average ~630 per filing). Assets: $2.0B.

#17,586
in Healthcare & Social Assistance (17,684 peers)
+17.6%
assets growth YoY
20×
vs typical plan assets (national mean)

Palo Alto Foundation Medical Group, Inc. 401(k) Plan's outsized position by total assets

Palo Alto Foundation Medical Group, Inc. 401(k) Plan vs every filed plan by assets

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

$1,966,580,341 Top 1% higher than 99% 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

Palo Alto Foundation Medical Group, Inc. 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Palo Alto Foundation Medical Group, Inc. 401(k) Plan lands in the large band (1,809 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Palo Alto Foundation Medical Group, Inc. 401(k) Plan reported net income rose from -$333M in the plan year 2022 filing to $294M in the plan year 2023 filing.
  • Palo Alto Foundation Medical Group, Inc. 401(k) Plan end-of-year assets rose from $1.7B in the plan year 2022 filing to $2.0B in the plan year 2023 filing.
  • Palo Alto Foundation Medical Group, Inc. 401(k) Plan reported participants rose from 1,761 in the plan year 2022 filing to 1,809 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 510656809 · Palo Alto Foundation Medical Group, Inc. PY 2023 · 401(k)

Palo Alto Foundation Medical Group, Inc. 401(k) Plan · $2.0B · 1,809 · 99th

  • NET $2.0B
  • BOOK 1,809
  • VS-ST 99th
  • BOY 401(k)
  • SCH near Allianz Asset Accumulation Plan
  • EBSA ind #17586

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 →

Palo Alto Foundation Medical Group, Inc. 401(k) Plan in the asset neighbourhood

Palo Alto Foundation Medical Group, Inc. 401(k) PlanPalo Alto Foundation Medical…$2.0BAllianz Asset Accumulation PlanAllianz Asset Accumulation P…$2.0BThe University of Vermont Medical Center 403(b) PlanThe University of Vermont Me…$2.0BMolson Coors Employees' Retirement and Savings PlanMolson Coors Employees' Reti…$2.0BLand O Lakes Employee Savings & Supplemental Retirement PlanLand O Lakes Employee Saving…$2.0B
End-of-year total assets ($B) among Palo Alto Foundation Medical Group, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$1.7B
Net Assets (End of Year)$2.0B
Net Income$294M
Employer EIN510656809
Plan Effective Date2008-01-01
Filing StatusFILING 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
$1.5B$2B$2.5B$3B 202220232024 $1.88B $2.64B ▲ +40.4%
Year Plans Participants Total Assets
2022 2 2,718 $1.9B
2023 2 2,752 $2.2B
2024 2 2,827 $2.6B

Nearby 401(k) Plans in California

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Palo Alto Foundation Medical Group, Inc. 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Palo Alto Foundation Medical Group, Inc. 401(k) Plan, Total assets ($B): 1.966580341 · Participants: 1809Palo Alto Foundation Medical Group, Inc. 401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 401(k) Plan
Palo Alto Foundation Medical Group, Inc. 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Palo Alto Foundation Medical Group, Inc. 401(k) Plan side-by-side with 3 peers →

Palo Alto Foundation Medical Group, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Allianz Asset Accumulation Plan in MN ($2.0B); by covered participants it is Baker & Hostetler LLP Supplemental/401(k) Retirement Plan in OH (1,809 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,809 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 Palo Alto Foundation Medical Group, Inc. 401(k) Plan assets move in 2023? ▼
Palo Alto Foundation Medical Group, Inc. 401(k) Plan grew sharply - up 17.6% during 2023, from $1.7B to $2.0B. Reported net income was $294M.
How have Palo Alto Foundation Medical Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Palo Alto Foundation Medical Group, Inc.'s sponsor-wide assets grew 40.2%, from $1.9B to $2.6B.
Where does Palo Alto Foundation Medical Group, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Palo Alto Foundation Medical Group, Inc. 401(k) Plan ranks in the 99th 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 401(k) plans are similar in size to Palo Alto Foundation Medical Group, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Allianz Asset Accumulation Plan in MN ($2.0B, 5,167 participants).
Which 401(k) plans cover a similar participant headcount to Palo Alto Foundation Medical Group, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Baker & Hostetler LLP Supplemental/401(k) Retirement Plan in OH (1,809 participants, $598M 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 510656809.

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.