Colorado Permanente Medical Group, P.C. 401(k) Review & Grade
Colorado Permanente Medical Group, P.C. 401(k) Plan
Denver, COHealth Care & Social Assistance1,280 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$12,054Employer $ per active participant
$27,772Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$1.0BNet plan assets, end of year
$630,579Average balance per account
Score breakdown
- Employer generosity49.3 / 5099th percentile for employer $ per participant
- Low cost23.7 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving15.0 / 15100th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score88 / 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 | 99th |
| Lower admin cost | 95th |
| Employee saving | 100th |
| Peers that auto-enroll | 36% |
Red flags from the filing
Corrective distributions: the plan refunded $957,724 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Colorado Permanente Medical Group put in about $12,054 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.
- 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 | $15,423,010 |
| Participant (employee) contributions | $35,534,740 |
| Other contributions (incl. rollovers in) | $6,586,575 |
| Administrative expenses paid from the plan | $208,152 |
| Investment advisory & management fees | $197,161 |
| Benefits paid out | $94,833,444 |
| Net assets, start / end of year | $919.6M / $1.0B |
| Active participants, start / end of year | 1,300 / 1,259 |
| Participants with account balances | 1,592 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $59,415 reported compensation |
| GHP Investment Advisors Inc | $32,285 reported compensation |
| Schultze Asset Management LP | $30,501 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251027140150NAL0005714593001, received 2025-10-27, EIN 84-0832336, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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