Defined Benefit (Pension) · DOL Form 5500 · 2023

The Permanente Medical Group, Inc. Pension Plan

Data updated 2026-08-25

$10.8B
Total assets Mega-plan scale
19,545
Participants Very large workforce
100th
Percentile by assets National rank
$553,323
Avg per participant High balance/head
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Official DOL plan name: Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. · Sponsored by The Permanente Medical Group, Inc. · California · Healthcare & Social Assistance

$10.8B in assets, 19,545 participants

The Permanente Medical Group, Inc.'s Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. reported $10.8B in total assets and 19,545 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.

  • #17,676 in Healthcare & Social Assistance (17,684 peers)

Coverage in California

Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. covers 19,545 participants in California, 31x the typical California plan (state average ~630 per filing). Assets: $10.8B.

#17,676
in Healthcare & Social Assistance (17,684 peers)
+4.2%
assets growth YoY
109×
vs typical plan assets (national mean)

Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.'s outsized position by total assets

Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. vs every filed plan by assets

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

$10,814,691,143 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

Retirement Plan for Physicians and Salaried Employees 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. Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. is a mega filing (19,545 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. reported net income rose from -$1.5B in the plan year 2022 filing to $548M in the plan year 2023 filing.
  • Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. end-of-year assets rose from $10.4B in the plan year 2022 filing to $10.8B in the plan year 2023 filing.
  • Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. reported participants rose from 19,326 in the plan year 2022 filing to 19,545 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 · Defined Benefit (Pension)

Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. · $10.8B · 19,545 · 100th

  • VS-ST $10.8B
  • VS-ST 19,545
  • VS-ST 100th
  • VS-ST Defined Benefit (Pension)
  • VS-ST near Verizon Pension Plan for Associates
  • VS-ST ind #17676

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 →

Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. in the asset neighbourhood

Mayo Pension Plan$11.0BPfizer Consolidated Pension PlanPfizer Consolidated Pension …$11.0BVerizon Pension Plan for AssociatesVerizon Pension Plan for Ass…$10.9BRetirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.Retirement Plan for Physicia…$10.8BThe Citigroup Pension Plan$10.6B
End-of-year total assets ($B) among Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$10.4B
Net Assets (End of Year)$10.8B
Net Income$548M
Employer EIN942728480
Plan Effective Date1982-01-02
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 Defined Benefit (Pension) Plans in California

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants Scatter plot of 6 data points. 050000100000150000 010203040 Total assets ($B) Participants Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc., Total assets ($B): 10.814691143 · Participants: 19545Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.Kaiser Permanente Retirement Plan, Total assets ($B): 33.538817099 · Participants: 127356Kaiser Permanente Retirement PlanPacific Gas and Electric Company Retirement Plan, Total assets ($B): 21.40954351 · Participants: 22914Pacific Gas and Electric Company Retirement PlanPacific Gas and Electric Company Retirement Plan, Total assets ($B): 17.980531142 · Participants: 25647Pacific Gas and Electric Company Retirement PlanDisney Salaried Pension Plan D, Total assets ($B): 10.057095066 · Participants: 10813Disney Salaried Pension Plan DIlwu-Pma Pension Plan, Total assets ($B): 9.710883559 · Participants: 16365Ilwu-Pma Pension Plan
Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants
Compare Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. side-by-side with 3 peers →

Scale composition for Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.

Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. reports $10.8B in end-of-year assets across 19,545 participants (0.088% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.021% of 93,925,755 covered participants) - about $553,323 per participant (4.0x the national average assets-per-participant) . Net income for plan year 2023 was $548M.

This plan identity (EIN 942728480, plan #011) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $10.4B to $11.4B (+10.2%) while covered participants moved from 19,326 to 18,983 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 19,326 $10.4B Open filing
2023 19,545 $10.8B This page
2024 · index core 18,983 $11.4B 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.'s out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside California, the nearest Defined Benefit (Pension) by assets is Verizon Pension Plan for Associates in NJ ($10.9B); by covered participants it is Bjc Pension Plan in MO (19,553 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($10.8B here).

Similar participant headcount

Nearest other-state filings by covered participants (19,545 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 Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. assets move in 2023? ▼
Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. edged up modestly - up 4.2% during 2023, from $10.4B to $10.8B. Reported net income was $548M.
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 Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. rank by assets among Form 5500 filers? ▼
Retirement Plan for Physicians and Salaried Employees 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 Defined Benefit (Pension) plans are similar in size to Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Verizon Pension Plan for Associates in NJ ($10.9B, 23,778 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Bjc Pension Plan in MO (19,553 participants, $2.8B 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.