401(k) · DOL Form 5500 · 2024

Southern California Permanente Medical Group 401(k) Plan

Data updated 2026-08-25

$6.5B
Total assets Very large vs avg
18,392
Participants Very large workforce
100th
Percentile by assets National rank
$355,364
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

$6.5B in assets, 18,392 participants

Southern California Permanente Medical Group's The 401(k) Plan for Permanente Medical Groups reported $6.5B in total assets and 18,392 participants in its 2024 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.

  • #16,891 in Healthcare & Social Assistance (16,916 peers)

Coverage in California

The 401(k) Plan for Permanente Medical Groups covers 18,392 participants in California, 29x the typical California plan (state average ~630 per filing). Assets: $6.5B.

#16,891
in Healthcare & Social Assistance (16,916 peers)
+16.1%
assets growth YoY
66×
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 2024 · DOL Form 5500

$6,535,861,838 Highest reported value at or above every one 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

The 401(k) Plan for Permanente Medical Groups's mega-plan peer group by participant headcount

Plan-year 2024 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 (18,392 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The 401(k) Plan for Permanente Medical Groups end-of-year assets rose from $5.6B in the plan year 2023 filing to $6.5B in the plan year 2024 filing.
  • The 401(k) Plan for Permanente Medical Groups reported participants rose from 17,083 in the plan year 2023 filing to 18,392 in the plan year 2024 filing.
  • The 401(k) Plan for Permanente Medical Groups reported net income fell from $932M in the plan year 2023 filing to $908M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 951750445 · Southern California Permanente Medical Group PY 2024 · 401(k)

The 401(k) Plan for Permanente Medical Groups · $6.5B · 18,392 · 100th

  • EIN $6.5B
  • EIN 18,392
  • EIN 100th
  • EIN 401(k)
  • EIN near State Street Salary Savings Program
  • EIN ind #16891

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

Providence Health & Services 403(b) Value PlanProvidence Health & Services…$6.5BThe 401(k) Plan for Permanente Medical GroupsThe 401(k) Plan for Permanen…$6.5BState Street Salary Savings ProgramState Street Salary Savings …$6.5BEnterprise Holdings Retirement Savings PlanEnterprise Holdings Retireme…$6.5BMotorola Solutions 401(k) PlanMotorola Solutions 401(k) Pl…$6.5B
End-of-year total assets ($B) among The 401(k) Plan for Permanente Medical Groups and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

California filing particulars

Total Assets (Beginning of Year)$5.6B
Net Assets (End of Year)$6.5B
Net Income$908M
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. 050000100000150000 0102030405060 Total assets ($B) Participants The 401(k) Plan for Permanente Medical Groups, Total assets ($B): 6.535861838 · Participants: 18392The 401(k) Plan for Permanente Medical GroupsGoogle 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
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 $6.5B in end-of-year assets across 18,392 participants (0.053% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.020% of 93,925,755 covered participants) - about $355,364 per participant (2.6x the national average assets-per-participant) . Net income for plan year 2024 was $908M.

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 Open filing
2024 · index core 18,392 $6.5B This page

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 State Street Salary Savings Program in MA ($6.5B); by covered participants it is Stanley Black & Decker Retirement Account Plan in CT (18,386 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($6.5B here).

Similar participant headcount

Nearest other-state filings by covered participants (18,392 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 The 401(k) Plan for Permanente Medical Groups assets move in 2024? ▼
The 401(k) Plan for Permanente Medical Groups grew sharply - up 16.1% during 2024, from $5.6B to $6.5B. Reported net income was $908M.
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 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 The 401(k) Plan for Permanente Medical Groups? ▼
Among 401(k) plans in other states, the closest by assets is State Street Salary Savings Program in MA ($6.5B, 12,777 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 Stanley Black & Decker Retirement Account Plan in CT (18,386 participants, $2.5B 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 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.