401(k) · DOL Form 5500 · 2023

Southern California Permanente Medical Group 401(k) Plan

Data updated 2026-08-25

$5.6B
Total assets Very large vs avg
17,083
Participants Very large workforce
100th
Percentile by assets National rank
$329,438
Avg per participant High balance/head
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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.

  • #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.

#17,658
in Healthcare & Social Assistance (17,684 peers)
+19.8%
assets growth YoY
56×
vs typical plan assets (national mean)

The 401(k) Plan for Permanente Medical Groups's outsized position by total assets

The 401(k) Plan for Permanente Medical Groups vs every filed plan by assets

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

$5,627,793,074 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

The 401(k) Plan for Permanente Medical Groups'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. The 401(k) Plan for Permanente Medical Groups is a mega filing (17,083 participants), the rightmost band on the breakdown.

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.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 951750445 · Southern California Permanente Medical Group PY 2023 · 401(k)

The 401(k) Plan for Permanente Medical Groups · $5.6B · 17,083 · 100th

  • NET $5.6B
  • BOOK 17,083
  • VS-ST 100th
  • BOY 401(k)
  • SCH near Enterprise Holdings Retirement Savings Plan
  • EBSA ind #17658

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 →

The 401(k) Plan for Permanente Medical Groups in the asset neighbourhood

Bechtel Trust & Thrift Plan$5.7BThe Consolidated Edison Thrift Savings PlanThe Consolidated Edison Thri…$5.6BThe 401(k) Plan for Permanente Medical GroupsThe 401(k) Plan for Permanen…$5.6BEnterprise Holdings Retirement Savings PlanEnterprise Holdings Retireme…$5.6BMcKesson Corporation 401(k) Retirement Savings PlanMcKesson Corporation 401(k) …$5.6B
End-of-year total assets ($B) among The 401(k) Plan for Permanente Medical Groups and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$4.7B
Net Assets (End of Year)$5.6B
Net Income$932M
Employer EIN951750445
Plan Effective Date1956-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern California Permanente Medical Group)

Sponsor-wide plan assets over time

All Southern California Permanente Medical Group plans reported in each filing year

Latest sponsor-wide plan assets
$26.2B 38.68158466521406% vs 2022
2024 filing year
$15B$20B$25B$30B 202220232024 $18.9B $26.2B ▲ +38.7%
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 Scatter plot of 6 data points. 050000100000150000200000250000 0204060 Total assets ($B) Participants The 401(k) Plan for Permanente Medical Groups, Total assets ($B): 5.627793074 · Participants: 17083The 401(k) Plan for Permanente Medical GroupsWells 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
The 401(k) Plan for Permanente Medical Groups vs. nearby 401(k) plans in California, assets vs. participants
Compare The 401(k) Plan for Permanente Medical Groups side-by-side with 3 peers →

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:

The 401(k) Plan for Permanente Medical Groups's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Enterprise Holdings Retirement Savings Plan in MO ($5.6B); by covered participants it is Ashley Furniture Industries, LLC Profit Sharing 401(k) Plan in WI (17,093 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($5.6B here).

Similar participant headcount

Nearest other-state filings by covered participants (17,083 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 The 401(k) Plan for Permanente Medical Groups assets move in 2023? ▼
The 401(k) Plan for Permanente Medical Groups grew sharply - up 19.8% during 2023, from $4.7B to $5.6B. Reported net income was $932M.
How have Southern California Permanente Medical Group plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern California Permanente Medical Group's sponsor-wide assets grew 38.7%, from $18.9B to $26.2B.
Where does The 401(k) Plan for Permanente Medical Groups rank by assets among Form 5500 filers? ▼
The 401(k) Plan for Permanente Medical Groups 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 401(k) plans are similar in size to The 401(k) Plan for Permanente Medical Groups? ▼
Among 401(k) plans in other states, the closest by assets is Enterprise Holdings Retirement Savings Plan in MO ($5.6B, 66,210 participants).
Which 401(k) plans cover a similar participant headcount to The 401(k) Plan for Permanente Medical Groups? ▼
Among 401(k) plans in other states, the closest by covered participants is Ashley Furniture Industries, LLC Profit Sharing 401(k) Plan in WI (17,093 participants, $490M 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 951750445.

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.