Defined Benefit (Pension) · DOL Form 5500 · 2024
The Permanente Medical Group, Inc. Pension Plan
Data updated 2026-08-25
- $11.4B
- Total assets Mega-plan scale
- 18,983
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $602,717
- Avg per participant High balance/head
Official DOL plan name: Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. · Sponsored by The Permanente Medical Group, Inc. · California · Healthcare & Social Assistance
$11.4B in assets, 18,983 participants
The Permanente Medical Group, Inc.'s Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. reported $11.4B in total assets and 18,983 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.
- #16,907 in Healthcare & Social Assistance (16,916 peers)
Coverage in California
Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. covers 18,983 participants in California, 30x the typical California plan (state average ~630 per filing). Assets: $11.4B.
- #16,907
- in Healthcare & Social Assistance (16,916 peers)
- +5.8%
- assets growth YoY
- 115×
- vs typical plan assets (national mean)
Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.'s outsized position by total assets
Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$11,441,381,434 Highest reported value at or above every one of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.'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. Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. is a mega filing (18,983 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. reported net income rose from $548M in the plan year 2023 filing to $624M in the plan year 2024 filing.
- Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. end-of-year assets rose from $10.8B in the plan year 2023 filing to $11.4B in the plan year 2024 filing.
- Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. reported participants fell from 19,545 in the plan year 2023 filing to 18,983 in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 942728480 · The Permanente Medical Group, Inc. PY 2024 · Defined Benefit (Pension)
Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. · $11.4B · 18,983 · 100th
- 5500 $11.4B
- 5500 18,983
- 5500 100th
- 5500 Defined Benefit (Pension)
- 5500 near Retirement Security Plan
- 5500 ind #16907
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 →
Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. in the asset neighbourhood
California filing particulars
| Total Assets (Beginning of Year) | $10.8B |
|---|---|
| Net Assets (End of Year) | $11.4B |
| Net Income | $624M |
| Employer EIN | 942728480 |
| Plan Effective Date | 1982-01-02 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Permanente Medical Group, Inc.)
Sponsor-wide plan assets over time
All The Permanente Medical Group, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $35.2B 22.780701823225495% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 6 | 92,233 | $28.7B |
| 2023 | 6 | 96,363 | $32.1B |
| 2024 | 6 | 100,822 | $35.2B |
Nearby Defined Benefit (Pension) Plans in California
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Kaiser Permanente Retirement Plan $34.5B · 135,057
- Pacific Gas and Electric Company Retirement Plan $17.6B · 27,500
- Western States Carpenters Pension Plan $11.3B · 48,582
- Ilwu-Pma Pension Plan $10.8B · 15,833
- Disney Salaried Pension Plan D $10.4B · 9,984
Scale composition for Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.
Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. reports $11.4B in end-of-year assets across 18,983 participants (0.093% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.020% of 93,925,755 covered participants) - about $602,717 per participant (4.4x the national average assets-per-participant) . Net income for plan year 2024 was $624M.
This plan identity (EIN 942728480, plan #011) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $10.4B to $11.4B (+10.2%) while covered participants moved from 19,326 to 18,983 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 19,326 | $10.4B | Open filing |
| 2023 | 19,545 | $10.8B | Open filing |
| 2024 · index core | 18,983 | $11.4B | This page |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- The Permanente Medical Group, Inc. Salary Deferral Plan (401(k), $9.9B, 21,688 participants)
- The Permanente Contribution Plan of the Permanente Medical Group, Inc. (Money Purchase, $7.9B, 18,550 participants)
- Kaiser Permanente Employees Pension Plan (Defined Benefit (Pension), $5.6B, 40,879 participants)
- The Permanente Medical Group, Inc. Salary Deferral Retirement Plan (401(k), $205M, 384 participants)
Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.'s out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside California, the nearest Defined Benefit (Pension) by assets is Retirement Security Plan in VA ($11.5B); by covered participants it is American Federation of Musicians and Employers' Pension Fund and Subsidiary in NY (19,021 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($11.4B here).
- Retirement Security Plan (VA) $11.5B · 56,633
- Consolidated Cash Balance Program of Mass General Brigham and Member Organizations (MA) $11.6B · 60,621
- The Lilly Retirement Plan (IN) $11.8B · 19,897
- Mayo Pension Plan (MN) $11.8B · 71,743
Similar participant headcount
Nearest other-state filings by covered participants (18,983 participants); asset peers above are excluded.
- American Federation of Musicians and Employers' Pension Fund and Subsidiary (NY) 19,021 · 38 off
- Newyork-Presbyterian Pension Plan (NY) 18,881 · 102 off
- Oregon Retail Employees Pension Plan (OR) 18,733 · 250 off
- Navy Federal Credit Union Employees' Retirement Plan (VA) 18,657 · 326 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.