401(k) · DOL Form 5500 · 2024

Palo Alto Foundation Medical Group, Inc. 401(k) Plan

Data updated 2026-08-25

$2.3B
Total assets Very large vs avg
1,898
Participants Near avg headcount
99th
Percentile by assets National rank
$1.2M
Avg per participant High balance/head
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Official DOL plan name: Palo Alto Foundation Medical Group, Inc. 401(k) Plan · Sponsored by Palo Alto Foundation Medical Group, Inc. · California · Healthcare & Social Assistance

$2.3B in assets, 1,898 participants

Palo Alto Foundation Medical Group, Inc.'s Palo Alto Foundation Medical Group, Inc. 401(k) Plan reported $2.3B in total assets and 1,898 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.

  • #16,820 in Healthcare & Social Assistance (16,916 peers)

Coverage in California

Palo Alto Foundation Medical Group, Inc. 401(k) Plan covers 1,898 participants in California, 3.0x the typical California plan (state average ~630 per filing). Assets: $2.3B.

#16,820
in Healthcare & Social Assistance (16,916 peers)
+15.8%
assets growth YoY
23×
vs typical plan assets (national mean)

Palo Alto Foundation Medical Group, Inc. 401(k) Plan's outsized position by total assets

Palo Alto Foundation Medical Group, Inc. 401(k) Plan vs every filed plan by assets

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

$2,277,297,925 Top 1% higher than 99% 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

Palo Alto Foundation Medical Group, Inc. 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Palo Alto Foundation Medical Group, Inc. 401(k) Plan lands in the large band (1,898 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Palo Alto Foundation Medical Group, Inc. 401(k) Plan end-of-year assets rose from $2.0B in the plan year 2023 filing to $2.3B in the plan year 2024 filing.
  • Palo Alto Foundation Medical Group, Inc. 401(k) Plan reported net income rose from $294M in the plan year 2023 filing to $311M in the plan year 2024 filing.
  • Palo Alto Foundation Medical Group, Inc. 401(k) Plan reported participants rose from 1,809 in the plan year 2023 filing to 1,898 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 510656809 · Palo Alto Foundation Medical Group, Inc. PY 2024 · 401(k)

Palo Alto Foundation Medical Group, Inc. 401(k) Plan · $2.3B · 1,898 · 99th

  • BOY $2.3B
  • SCH 1,898
  • EBSA 99th
  • PART 401(k)
  • TYPE near Public Service Enterprise Group Inc. Thrift & Tax Deferred Savings Plan
  • NET ind #16820

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 →

Palo Alto Foundation Medical Group, Inc. 401(k) Plan in the asset neighbourhood

Palo Alto Foundation Medical Group, Inc. 401(k) PlanPalo Alto Foundation Medical…$2.3BPublic Service Enterprise Group Inc. Thrift & Tax Deferred Savings PlanPublic Service Enterprise Gr…$2.3BCnh Industrial U.S. Retirement Savings PlanCnh Industrial U.S. Retireme…$2.3BKohl's Inc. Savings Plan$2.3BParsons Corporation Retirement Savings PlanParsons Corporation Retireme…$2.3B
End-of-year total assets ($B) among Palo Alto Foundation Medical Group, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

California filing particulars

Total Assets (Beginning of Year)$2.0B
Net Assets (End of Year)$2.3B
Net Income$311M
Employer EIN510656809
Plan Effective Date2008-01-01
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 401(k) Plans in California

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Palo Alto Foundation Medical Group, Inc. 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Palo Alto Foundation Medical Group, Inc. 401(k) Plan, Total assets ($B): 2.277297925 · Participants: 1898Palo Alto Foundation Medical Group, Inc. 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 48.738057415 · Participants: 116712Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 31.02646504 · Participants: 58962Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 24.850880304 · Participants: 55298Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 24.714519387 · Participants: 101450Apple 401(k) PlanCisco Systems,Inc. 401(k) Plan, Total assets ($B): 22.728425546 · Participants: 40452Cisco Systems,Inc. 401(k) Plan
Palo Alto Foundation Medical Group, Inc. 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants

Palo Alto Foundation Medical Group, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Public Service Enterprise Group Inc. Thrift & Tax Deferred Savings Plan in NJ ($2.3B); by covered participants it is Kendall Automotive Group Employees' Retirement Plan in ID (1,898 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.3B here).

Similar participant headcount

Nearest other-state filings by covered participants (1,898 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 Palo Alto Foundation Medical Group, Inc. 401(k) Plan assets move in 2024?
Palo Alto Foundation Medical Group, Inc. 401(k) Plan grew sharply - up 15.8% during 2024, from $2.0B to $2.3B. Reported net income was $311M.
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 Palo Alto Foundation Medical Group, Inc. 401(k) Plan rank by assets among Form 5500 filers?
Palo Alto Foundation Medical Group, Inc. 401(k) Plan ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Palo Alto Foundation Medical Group, Inc. 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Public Service Enterprise Group Inc. Thrift & Tax Deferred Savings Plan in NJ ($2.3B, 3,869 participants).
Which 401(k) plans cover a similar participant headcount to Palo Alto Foundation Medical Group, Inc. 401(k) Plan?
Among 401(k) plans in other states, the closest by covered participants is Kendall Automotive Group Employees' Retirement Plan in ID (1,898 participants, $80M in assets).