401(k) · DOL Form 5500 · 2023

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

Data updated 2026-08-06

$2.0B
Total assets: 1,809
Participants: 99th
Percentile by assets: $1.1M
Avg per participant

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.

99th percentile by assets (of 126,618 plans)
#17,528 in Healthcare & Social Assistance (17,626 peers)

Coverage in California

Palo Alto Foundation Medical Group, Inc. 401(k) Plan covers 1,809 participants in California, 2.8x the typical California plan (state average ~637 per filing). Assets: $2.0B.

$2.0B
total plan assets (2023 EOY): 1,809
covered participants: 99th
percentile by assets (of 126,618 plans): $1.1M
avg assets per participant

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 2023→2024 release diff →

State

California

Industry

Healthcare & Social Assistance

Participants vs California filers

In California, the average filing covers about 637 participants across 14,392 plans. Palo Alto Foundation Medical Group, Inc. 401(k) Plan reports 1,809 participants - 2.8x that state average ($2.0B EOY assets).

California filing particulars

Total Assets (Beginning of Year)	$1.7B
Net Assets (End of Year)	$2.0B
Net Income	$294M
Employer EIN	510656809
Plan Effective Date	2008-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Palo Alto Foundation Medical Group, Inc.)

Total plan assets by year, all Palo Alto Foundation Medical Group, Inc. plans on file

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

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

Compare Palo Alto Foundation Medical Group, Inc.… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Palo Alto Foundation Medical Group, Inc. 401(k) Plan by total assets, not by location.

Allianz Asset Accumulation Plan (MN) $2.0B · 5,167
The University of Vermont Medical Center 403(b) Plan (VT) $2.0B · 11,162
Molson Coors Employees' Retirement and Savings Plan (WI) $2.0B · 5,401
Land O Lakes Employee Savings & Supplemental Retirement Plan (MN) $2.0B · 7,505

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 126,618 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).

Next read for Palo Alto Foundation Medical Group, Inc.…

Filing takeaways

Ways to act on Palo Alto Foundation Medical Group, Inc. 401(k) Plan's numbers.

By total assets, Palo Alto Foundation Medical Group, Inc. 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in California. Compare plans
Palo Alto Foundation Medical Group, Inc.'s sponsor-wide assets have grown 40.2% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans

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.