401(k) · DOL Form 5500 · 2024
The Permanente Medical Group, Inc. 401(k) Plan
Data updated 2026-08-06
- $9.9B
- Total assets
- 21,688
- Participants
- 100th
- Percentile by assets
- $455,665
- Avg per participant
Official DOL plan name: The Permanente Medical Group, Inc. Salary Deferral Plan · Sponsored by The Permanente Medical Group, Inc. · California · Healthcare & Social Assistance
$9.9B in assets, 21,688 participants
The Permanente Medical Group, Inc.'s The Permanente Medical Group, Inc. Salary Deferral Plan reported $9.9B in total assets and 21,688 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 116,472 plans)
- #15,602 in Healthcare & Social Assistance (15,613 peers)
Coverage in California
The Permanente Medical Group, Inc. Salary Deferral Plan covers 21,688 participants in California, 34x the typical California plan (state average ~637 per filing). Assets: $9.9B.
- $9.9B
- total plan assets (2024 EOY)
- 21,688
- covered participants
- 100th
- percentile by assets (of 116,472 plans)
- $455,665
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- The Permanente Medical Group, Inc. Salary Deferral Plan end-of-year assets rose from $8.5B in the plan year 2023 filing to $9.9B in the plan year 2024 filing.
- The Permanente Medical Group, Inc. Salary Deferral Plan reported net income fell from $1.5B in the plan year 2023 filing to $1.4B in the plan year 2024 filing.
- The Permanente Medical Group, Inc. Salary Deferral Plan reported participants rose from 20,817 in the plan year 2023 filing to 21,688 in the plan year 2024 filing.
Participants vs California filers
In California, the average filing covers about 637 participants across 14,392 plans. The Permanente Medical Group, Inc. Salary Deferral Plan reports 21,688 participants - 34x that state average ($9.9B EOY assets).
California filing particulars
| Total Assets (Beginning of Year) | $8.5B |
|---|---|
| Net Assets (End of Year) | $9.9B |
| Net Income | $1.4B |
| 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 401(k) Plans in California
Peer 401(k) plans, same state, same plan type, ranked by total assets.
The Permanente Medical Group, Inc. Salary Deferral Plan vs. nearby 401(k) plans in California, assets vs. participants
- Google LLC 401(k) Savings Plan $48.7B · 116,712
- Oracle Corporation 401(k) Savings and Investment Plan $31.0B · 58,962
- Intel 401(k) Savings Plan $24.9B · 55,298
- Apple 401(k) Plan $24.7B · 101,450
- Cisco Systems,Inc. 401(k) Plan $22.7B · 40,452
Scale composition for The Permanente Medical Group, Inc. Salary Deferral Plan
The Permanente Medical Group, Inc. Salary Deferral Plan reports $9.9B in end-of-year assets across 21,688 participants (0.085% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.024% of 89,805,449 covered participants) - about $455,665 per participant (3.3x the national average assets-per-participant) . Net income for plan year 2024 was $1.4B.
This plan identity (EIN 942728480, plan #013) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $7.0B to $9.9B (+41.4%) while covered participants moved from 19,110 to 21,688 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 19,110 | $7.0B | Open filing |
| 2023 | 20,817 | $8.5B | Open filing |
| 2024 · index core | 21,688 | $9.9B | This page |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Retirement Plan for Physicians and Salaried Employees of the Permanente Medical Group, Inc. (Defined Benefit (Pension), $11.4B, 18,983 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 401(k) Plans Nationally
401(k) plans in other states closest to The Permanente Medical Group, Inc. Salary Deferral Plan by total assets, not by location.
- The Bank of New York Mellon Corporation 401(k) Savings Plan (PA) $9.9B · 24,183
- Novartis Corporation Investment Savings Plan (NJ) $9.9B · 12,217
- Nokia Savings/401(k) Plan (NJ) $9.8B · 7,104
- McKinsey & Company, Inc. (Psrp) Profit Sharing Retirement Plan (NY) $9.8B · 17,700
Frequently Asked Questions
How did The Permanente Medical Group, Inc. Salary Deferral Plan assets move in 2024? ▼
How have The Permanente Medical Group, Inc. plan assets changed over time? ▼
Where does The Permanente Medical Group, Inc. Salary Deferral Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to The Permanente Medical Group, Inc. Salary Deferral Plan? ▼
Next read for The Permanente Medical Group, Inc. Salar…
Filing takeaways
Ways to act on The Permanente Medical Group, Inc. Salary Deferral Plan's numbers.
- By total assets, The Permanente Medical Group, Inc. Salary Deferral Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) 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