Washington Permanente Medical Group, P.C. 401(k) Review & Grade
Wpmg 401(k) Retirement Savings Plan
Renton, WAHealth Care & Social Assistance1,689 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$24,906Employer $ per active participant
$19,150Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$1.5BNet plan assets, end of year
$653,834Average balance per account
Score breakdown
- Employer generosity49.8 / 50100th percentile for employer $ per participant
- Low cost22.3 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving14.9 / 1599th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score94 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 89th |
| Employee saving | 99th |
| Peers that auto-enroll | 36% |
Red flags from the filing
Corrective distributions: the plan refunded $153,017 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Washington Permanente Medical Group put in about $24,906 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $42,066,008 |
| Participant (employee) contributions | $32,345,055 |
| Other contributions (incl. rollovers in) | $6,665,868 |
| Administrative expenses paid from the plan | $603,635 |
| Investment advisory & management fees | $598,700 |
| Benefits paid out | $91,397,337 |
| Net assets, start / end of year | $1.3B / $1.5B |
| Active participants, start / end of year | 1,724 / 1,654 |
| Participants with account balances | 2,248 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Mercer Investment Management | $137,602 reported compensation |
| Schwab Retirement Plan Services Inc | $48,691 reported compensation |
| Mutual Advisors LLC | $48,316 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251028133012NAL0006219299001, received 2025-10-28, EIN 91-1841629, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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