Defined Benefit (Pension) · DOL Form 5500 · 2024
The Permanente Medical Group, Inc. Pension Plan
Data updated 2026-08-11
- $11.4B
- Total assets
- 18,983
- Participants
- 100th
- Percentile by assets
- $602,717
- Avg per participant
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.
- 100th percentile by assets (of 123,622 plans)
- #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.
- $11.4B
- total plan assets (2024 EOY)
- 18,983
- covered participants
- 100th
- percentile by assets (of 123,622 plans)
- $602,717
- avg assets per participant
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.
Participants vs California filers
In California, the average filing covers about 630 participants across 15,291 plans. Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. reports 18,983 participants - 30x that state average ($11.4B EOY assets).
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.)
| 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.
Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. vs. nearby Defined Benefit (Pension) plans in California, assets vs. participants
- 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)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. by total assets, not by location.
- 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
Frequently Asked Questions
How did Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. assets move in 2024? ▼
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Where does Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc.'s numbers.
- By total assets, Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in California. Compare plans
- The Permanente Medical Group, Inc.'s sponsor-wide assets have grown 22.8% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans