401(k) · DOL Form 5500 · 2023
Southern California Permanente Medical Group 401(k) Plan
Data updated 2026-08-11
- $5.6B
- Total assets
- 17,083
- Participants
- 100th
- Percentile by assets
- $329,438
- Avg per participant
Official DOL plan name: The 401(k) Plan for Permanente Medical Groups · Sponsored by Southern California Permanente Medical Group · California · Healthcare & Social Assistance
$5.6B in assets, 17,083 participants
Southern California Permanente Medical Group's The 401(k) Plan for Permanente Medical Groups reported $5.6B in total assets and 17,083 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 127,072 plans)
- #17,658 in Healthcare & Social Assistance (17,684 peers)
Coverage in California
The 401(k) Plan for Permanente Medical Groups covers 17,083 participants in California, 27x the typical California plan (state average ~630 per filing). Assets: $5.6B.
- $5.6B
- total plan assets (2023 EOY)
- 17,083
- covered participants
- 100th
- percentile by assets (of 127,072 plans)
- $329,438
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- The 401(k) Plan for Permanente Medical Groups reported net income rose from -$823M in the plan year 2022 filing to $932M in the plan year 2023 filing.
- The 401(k) Plan for Permanente Medical Groups end-of-year assets rose from $4.7B in the plan year 2022 filing to $5.6B in the plan year 2023 filing.
- The 401(k) Plan for Permanente Medical Groups reported participants fell from 17,255 in the plan year 2022 filing to 17,083 in the plan year 2023 filing.
Participants vs California filers
In California, the average filing covers about 630 participants across 15,291 plans. The 401(k) Plan for Permanente Medical Groups reports 17,083 participants - 27x that state average ($5.6B EOY assets).
California filing particulars
| Total Assets (Beginning of Year) | $4.7B |
|---|---|
| Net Assets (End of Year) | $5.6B |
| Net Income | $932M |
| Employer EIN | 951750445 |
| Plan Effective Date | 1956-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Southern California Permanente Medical Group)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 81,226 | $18.9B |
| 2023 | 5 | 83,002 | $20.9B |
| 2024 | 7 | 116,967 | $26.2B |
Nearby 401(k) Plans in California
Peer 401(k) plans, same state, same plan type, ranked by total assets.
The 401(k) Plan for Permanente Medical Groups 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
Scale composition for The 401(k) Plan for Permanente Medical Groups
The 401(k) Plan for Permanente Medical Groups reports $5.6B in end-of-year assets across 17,083 participants (0.046% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.018% of 93,925,755 covered participants) - about $329,438 per participant (2.4x the national average assets-per-participant) . Net income for plan year 2023 was $932M.
This plan identity (EIN 951750445, plan #009) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $4.7B to $6.5B (+39.2%) while covered participants moved from 17,255 to 18,392 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 17,255 | $4.7B | Open filing |
| 2023 | 17,083 | $5.6B | This page |
| 2024 · index core | 18,392 | $6.5B | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Kaiser Permanente Retirement Plan for Scpmg (Defined Benefit (Pension), $8.4B, 50,341 participants)
- Scpmg Keogh Plan (Profit Sharing, $7.9B, 10,749 participants)
- The 401(k) Plan for Permanente Medical Groups (401(k), $6.5B, 18,392 participants)
- Kaiser Permanente Supplemental Savings and Retirement Plan for Scpmg (Money Purchase, $899M, 6,452 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to The 401(k) Plan for Permanente Medical Groups by total assets, not by location.
- Enterprise Holdings Retirement Savings Plan (MO) $5.6B · 66,210
- The Consolidated Edison Thrift Savings Plan (NY) $5.6B · 13,837
- Bechtel Trust & Thrift Plan (AZ) $5.7B · 7,448
- McKesson Corporation 401(k) Retirement Savings Plan (TX) $5.6B · 26,345
Frequently Asked Questions
How did The 401(k) Plan for Permanente Medical Groups assets move in 2023? ▼
How have Southern California Permanente Medical Group plan assets changed over time? ▼
Where does The 401(k) Plan for Permanente Medical Groups rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to The 401(k) Plan for Permanente Medical Groups? ▼
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Filing takeaways
Ways to act on The 401(k) Plan for Permanente Medical Groups's numbers.
- By total assets, The 401(k) Plan for Permanente Medical Groups 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
- Southern California Permanente Medical Group's sponsor-wide assets have grown 38.7% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans