# John Muir Health Retirement Plan John Muir Health Retirement Plan is a Pension Fund based in Walnut Creek, United States. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Walnut Creek, United States - **Region:** North America - **Address:** Walnut Creek, CA, United States - **Founded:** 1968 - **Assets under management:** Undisclosed - **Website:** johnmuirhealth.com - **LinkedIn:** https://www.linkedin.com/company/john-muir-health ## Regulatory record - **Reports private funds:** No ## About The John Muir Health Retirement Plan is the employer-sponsored retirement vehicle for John Muir Health, a nonprofit community health system founded in 1965 and anchored by two major acute-care hospitals in Walnut Creek and Concord, California. The plan provides retirement benefits to the system's workforce through two components: a 403(b) Savings Plan with an employer matching contribution, and a traditional Defined Benefit Pension Plan that pays a guaranteed monthly benefit to vested employees upon retirement. Plan administration sits with Senior Vice President of Human Resources Lisa Foust, while CFO Ted Wang oversees the financial operations of the broader health system. The plan's investment portfolio is not publicly disclosed in detail, consistent with its status as a non-ERISA church-adjacent plan operated by a nonprofit health system. However, public record reveals that the plan holds significant real estate assets tied directly to John Muir Health's clinical and operational footprint. These include on-campus medical office buildings and a freestanding parking structure in Walnut Creek, the John Muir Health Cancer Center, and a commercial lease at San Francisco's Oracle Park clinic. The plan also holds a stake in San Ramon Regional Medical Center through John Muir Health's joint venture with Tenet Healthcare — a partnership that has been in place since 2013 and covers acute-care services in the Tri-Valley area. The investment posture skews toward direct real estate ownership rather than externally managed alternative funds. The retirement plan operates under the governance of John Muir Health's executive leadership, with no separate investment committee publicly identified. John Muir Health itself generates approximately $2 billion in annual operating revenue, and the pension plan's asset base — while undisclosed — is materially smaller than the operating enterprise. In May 2024, John Muir Health deepened its clinical alliance with UCSF Health, expanding the UCSF-John Muir Health Cancer Network that had launched in 2019. The retirement plan's real estate portfolio benefits indirectly from the health system's physical expansion strategy, which SVP of Real Estate and Development Michael Monaldo oversees. Structurally, the retirement plan functions as an integrated corporate finance arm of the health system rather than an independently managed investment pool with external allocations. Most of its real estate assets are owner-occupied or system-critical facilities rather than third-party income properties — the plan owns the buildings its members work in. This self-dealing posture, permissible under nonprofit pension rules, creates a circular capital structure where the health system's credit backs the plan's liabilities, and the plan's assets are concentrated in the system itself. The plan has no known co-investment partnerships with external institutional allocators or fund commitments to outside managers. ## Sectors - Real Estate - Healthcare Services ## People - Lisa Foust — Plan Administrator and SVP of Human Resources - Ted Wang — Chief Financial Officer - Michael Monaldo — SVP, Real Estate and Development ## Questions ### How is the retirement plan invested? The plan's full investment portfolio is not publicly disclosed. The known asset base is concentrated in real estate directly tied to John Muir Health's operations: on-campus medical office buildings in Walnut Creek, a freestanding parking structure, the John Muir Health Cancer Center, and a stake in San Ramon Regional Medical Center through the Tenet Healthcare joint venture. The plan also holds a commercial lease at Oracle Park in San Francisco. It is not known to make commitments to external private equity, venture, or hedge fund managers. ### Who runs investment decisions for the retirement plan? Plan administration is led by Lisa Foust, SVP of Human Resources and Plan Administrator. Financial oversight for John Muir Health — and by extension the retirement plan — sits with CFO Ted Wang. The plan has no separately named chief investment officer or investment committee disclosed in public filings. Real estate strategy is directed by SVP of Real Estate and Development Michael Monaldo, who manages the system's physical asset portfolio to which the plan has significant exposure. ### Does the retirement plan have any exposure to Tenet Healthcare? Indirectly, yes. John Muir Health co-owns San Ramon Regional Medical Center in a joint venture with Tenet Healthcare formed in 2013. The retirement plan holds a stake in that facility through its direct real estate ownership in the health system's physical plant. Tenet's operating performance at San Ramon Regional — and the partnership's renewal or exit terms — affects the value of that real asset. ### What is the John Muir Health Foundation and is it linked to the retirement plan? The John Muir Health Foundation is the philanthropic fundraising arm of the health system, entirely separate from the retirement plan. The foundation raises charitable contributions to support hospital programs, capital projects, and community health initiatives. The retirement plan does not receive foundation funds or allocate assets to charitable entities. ## Related profiles - [John Muir Health](https://altss.com/profile/john-muir-health) - [John P. Murphy Foundation](https://altss.com/profile/john-p-murphy-foundation) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/john-muir-health-retirement-plan Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology