Defined Benefit (Pension) · DOL Form 5500 · 2023
The Permanente Medical Group, Inc. Pension Plan
Data updated 2026-08-06
- $5.5B
- Total assets
- 37,245
- Participants
- 100th
- Percentile by assets
- $146,870
- Avg per participant
Official DOL plan name: Kaiser Permanente Employees Pension Plan · Sponsored by The Permanente Medical Group, Inc. · California · Healthcare & Social Assistance
$5.5B in assets, 37,245 participants
The Permanente Medical Group, Inc.'s Kaiser Permanente Employees Pension Plan reported $5.5B in total assets and 37,245 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.
- 100th percentile by assets (of 126,618 plans)
- #17,598 in Healthcare & Social Assistance (17,626 peers)
Coverage in California
Kaiser Permanente Employees Pension Plan covers 37,245 participants in California, 59x the typical California plan (state average ~637 per filing). Assets: $5.5B.
- $5.5B
- total plan assets (2023 EOY)
- 37,245
- covered participants
- 100th
- percentile by assets (of 126,618 plans)
- $146,870
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Kaiser Permanente Employees Pension Plan reported net income rose from -$926M in the plan year 2022 filing to $217M in the plan year 2023 filing.
- Kaiser Permanente Employees Pension Plan end-of-year assets rose from $5.1B in the plan year 2022 filing to $5.5B in the plan year 2023 filing.
- Kaiser Permanente Employees Pension Plan reported participants rose from 36,089 in the plan year 2022 filing to 37,245 in the plan year 2023 filing.
Participants vs California filers
In California, the average filing covers about 637 participants across 14,392 plans. Kaiser Permanente Employees Pension Plan reports 37,245 participants - 59x that state average ($5.5B EOY assets).
California filing particulars
| Total Assets (Beginning of Year) | $5.1B |
|---|---|
| Net Assets (End of Year) | $5.5B |
| Net Income | $217M |
| Employer EIN | 942728480 |
| Plan Effective Date | 1964-04-04 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Permanente Medical Group, Inc.)
| 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.
Kaiser Permanente Employees Pension Plan vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants
- Kaiser Permanente Retirement Plan $33.5B · 127,356
- Pacific Gas and Electric Company Retirement Plan $21.4B · 22,914
- Pacific Gas and Electric Company Retirement Plan $18.0B · 25,647
- Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. $10.8B · 19,545
- Disney Salaried Pension Plan D $10.1B · 10,813
Scale composition for Kaiser Permanente Employees Pension Plan
Kaiser Permanente Employees Pension Plan reports $5.5B in end-of-year assets across 37,245 participants (0.047% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.041% of 89,805,449 covered participants) - about $146,870 per participant (1.1x the national average assets-per-participant) . Net income for plan year 2023 was $217M.
This plan identity (EIN 942728480, plan #004) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $5.1B to $5.6B (+9.6%) while covered participants moved from 36,089 to 40,879 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 36,089 | $5.1B | Open filing |
| 2023 | 37,245 | $5.5B | This page |
| 2024 · index core | 40,879 | $5.6B | 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)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Kaiser Permanente Employees Pension Plan by total assets, not by location.
- Ufcw Consolidated Pension Fund (GA) $5.5B · 191,597
- New York State Nurses Association Pension Plan (NY) $5.5B · 19,697
- Bp Retirement Accumulation Plan (TX) $5.5B · 9,360
- Retirement Plan for Employees of Aetna Inc. (CT) $5.4B · 10,546
Frequently Asked Questions
How did Kaiser Permanente Employees Pension Plan assets move in 2023? ▼
How have The Permanente Medical Group, Inc. plan assets changed over time? ▼
Where does Kaiser Permanente Employees Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Kaiser Permanente Employees Pension Plan? ▼
Next read for Kaiser Permanente Employees Pension Plan
Filing takeaways
Ways to act on Kaiser Permanente Employees Pension Plan's numbers.
- By total assets, Kaiser Permanente Employees Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in California. Compare plans
- The Permanente Medical Group, Inc.'s sponsor-wide assets have grown 22.8% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans