Defined Benefit (Pension) · DOL Form 5500 · 2024

Palo Alto Foundation Medical Group, Inc. Pension Plan

Data updated 2026-08-25

$362M
Total assets Above avg plan size
929
Participants Near avg headcount
96th
Percentile by assets National rank
$389,384
Avg per participant High balance/head
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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.

  • #16,326 in Healthcare & Social Assistance (16,916 peers)

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.

#16,326
in Healthcare & Social Assistance (16,916 peers)
+28.3%
assets growth YoY
3.6×
vs typical plan assets (national mean)

Pafmg Cash Balance Plan II's outsized position by total assets

Pafmg Cash Balance Plan II vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$361,737,589 Top 4% higher than 96% of 123,620 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 2024

Pafmg Cash Balance Plan II among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Pafmg Cash Balance Plan II sits mid-pack in the medium band (929 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • 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 →

EBSA filing schedule strip

Filing strip 510656809 · Palo Alto Foundation Medical Group, Inc. PY 2024 · Defined Benefit (Pension)

Pafmg Cash Balance Plan II · $362M · 929 · 96th

  • PART $362M
  • TYPE 929
  • NET 96th
  • BOOK Defined Benefit (Pension)
  • VS-ST near Employers Mutual Casualty Company Retirement Plan
  • BOY ind #16326

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 →

Pafmg Cash Balance Plan II in the asset neighbourhood

Invista Pension Plan for Certain Grandfathered EmployeesInvista Pension Plan for Cer…$363MFoot Locker Retirement Plan$363MFlowserve Corporation Pension PlanFlowserve Corporation Pensio…$362MEmployers Mutual Casualty Company Retirement PlanEmployers Mutual Casualty Co…$362MPafmg Cash Balance Plan II$362M
End-of-year total assets ($M) among Pafmg Cash Balance Plan II and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$282M
Net Assets (End of Year)$362M
Net Income$80M
Employer EIN510656809
Plan Effective Date2018-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Palo Alto Foundation Medical Group, Inc.)

Sponsor-wide plan assets over time

All Palo Alto Foundation Medical Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$2.6B 40.208510094158314% vs 2022
2024 filing year
$1.5B$2B$2.5B$3B 202220232024 $1.88B $2.64B ▲ +40.4%
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 Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Pafmg Cash Balance Plan II, Total assets ($B): 0.361737589 · Participants: 929Pafmg Cash Balance Plan IIKaiser Permanente Retirement Plan, Total assets ($B): 34.452234723 · Participants: 135057Kaiser Permanente Retirement PlanPacific Gas and Electric Company Retirement Plan, Total assets ($B): 17.60716624 · Participants: 27500Pacific Gas and Electric Company Retirement PlanRetirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc., Total assets ($B): 11.441381434 · Participants: 18983Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.Western States Carpenters Pension Plan, Total assets ($B): 11.342334451 · Participants: 48582Western States Carpenters Pension PlanIlwu-Pma Pension Plan, Total assets ($B): 10.798538721 · Participants: 15833Ilwu-Pma Pension Plan
Pafmg Cash Balance Plan II vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants
Compare Pafmg Cash Balance Plan II side-by-side with 3 peers →

Pafmg Cash Balance Plan II's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside California, the nearest Defined Benefit (Pension) by assets is Employers Mutual Casualty Company Retirement Plan in IA ($362M); by covered participants it is Pension Plan for Cooperatives in MN (929 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($362M here).

Similar participant headcount

Nearest other-state filings by covered participants (929 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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 123,622 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).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Pafmg Cash Balance Plan II? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Pension Plan for Cooperatives in MN (929 participants, $84M in assets).

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.