PAFMG CASH BALANCE PLAN II
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
PALO ALTO FOUNDATION MEDICAL GROUP, INC.
This Other plan holds $362M in total assets and serves 929 participants as of 2024. It is sponsored by PALO ALTO FOUNDATION MEDICAL GROUP, INC. in California. The plan reported positive net income of $80M for the year.
What the Filing Says About PAFMG CASH BALANCE PLAN II
PAFMG CASH BALANCE PLAN II is a Other retirement plan sponsored by PALO ALTO FOUNDATION MEDICAL GROUP, INC., headquartered in California. As of the 2024 Form 5500 filing, the plan reports $362M in total end-of-year assets and covers 929 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 510656809, and the plan has been effective since 2018-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $282M at the beginning of 2024 to $362M at year-end — a gain of 28.3%. Net assets (after liabilities) closed the year at $362M, with reported net income of $80M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.
Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.
Financial Summary (2023)
| Total Assets (Beginning of Year) | $282M |
| Total Assets (End of Year) | $362M |
| Net Assets (End of Year) | $362M |
| Net Income | $80M |
| Plan Type | Other |
| Employer EIN | 510656809 |
| Plan Effective Date | 2018-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (PALO ALTO FOUNDATION MEDICAL GROUP, INC.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 2,718 | $1.9B |
| 2023 | 2 | 2,752 | $2.2B |
| 2024 | 2 | 2,827 | $2.6B |
Nearby Other Plans in California
Peer Other plans — same state, same plan type — ranked by total assets.
- ILWU-PMA PENSION PLAN $9.7B · 16,365
- WELLS FARGO & COMPANY CASH BALANCE PLAN $8.8B · 53,528
- SOUTHWEST CARPENTERS PENSION TRUST $6.8B · 45,891
- CARPENTERS PENSION TRUST FUND FOR NORTHERN CALIFORNIA $6.0B · 20,998
- MOTION PICTURE INDUSTRY PENSION PLAN $5.3B · 68,019
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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.
Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology — how this data is sourced, computed, and verified.