Defined Benefit (Pension) · DOL Form 5500 · 2024

Palo Alto Foundation Medical Group, Inc. Pension Plan

Data updated 2026-08-06

$362M
Total assets: 929
Participants: 96th
Percentile by assets: $389,384
Avg per participant

Official DOL plan name: Pafmg Cash Balance Plan II · Sponsored by Palo Alto Foundation Medical Group, Inc. · California · Healthcare & Social Assistance

$362M in assets, 929 participants

Palo Alto Foundation Medical Group, Inc.'s Pafmg Cash Balance Plan II reported $362M in total assets and 929 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.

96th percentile by assets (of 116,472 plans)

Where Pafmg Cash Balance Plan II sits by assets

Pafmg Cash Balance Plan II sits in the top 5% of all filed plans by assets, $362M for 929 participants (~$389,384/participant), up 28.3% in 2024.

$362M
total plan assets (2024 EOY): 929
covered participants: 96th
percentile by assets (of 116,472 plans): $389,384
avg assets per participant

Pafmg Cash Balance Plan II end-of-year assets rose from $282M in the plan year 2023 filing to $362M in the plan year 2024 filing.
Pafmg Cash Balance Plan II reported net income rose from $72M in the plan year 2023 filing to $80M in the plan year 2024 filing.
Pafmg Cash Balance Plan II reported participants fell from 943 in the plan year 2023 filing to 929 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

California

Industry

Healthcare & Social Assistance

Pafmg Cash Balance Plan II vs the 2024 asset distribution

By assets, Pafmg Cash Balance Plan II outranks 96% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 3.6x the national average plan size of $100M (730 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$282M
Net Assets (End of Year)	$362M
Net Income	$80M
Employer EIN	510656809
Plan Effective Date	2018-01-01
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 Defined Benefit (Pension) Plans in California

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

Pafmg Cash Balance Plan II vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants

Kaiser Permanente Retirement Plan $34.5B · 135,057
Pacific Gas and Electric Company Retirement Plan $17.6B · 27,500
Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. $11.4B · 18,983
Western States Carpenters Pension Plan $11.3B · 48,582
Disney Salaried Pension Plan D $10.4B · 9,984

Compare Pafmg Cash Balance Plan II side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Pafmg Cash Balance Plan II by total assets, not by location.

Employers Mutual Casualty Company Retirement Plan (IA) $362M · 1,908
Flowserve Corporation Pension Plan (TX) $362M · 4,630
Foot Locker Retirement Plan (NY) $363M · 3,486
Invista Pension Plan for Certain Grandfathered Employees (KS) $363M · 12

Frequently Asked Questions

How did Pafmg Cash Balance Plan II assets move in 2024? ▼

Pafmg Cash Balance Plan II grew sharply - up 28.3% during 2024, from $282M to $362M. Reported net income was $80M.

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 Pafmg Cash Balance Plan II rank by assets among Form 5500 filers? ▼

Pafmg Cash Balance Plan II ranks in the 96th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to Pafmg Cash Balance Plan II? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Employers Mutual Casualty Company Retirement Plan in IA ($362M, 1,908 participants).

Next read for Pafmg Cash Balance Plan II

Scale reading

Ways to act on Pafmg Cash Balance Plan II's numbers.

By total assets, Pafmg Cash Balance Plan II ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) 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 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 510656809.

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.