# Kaiser Permanente Washington Defined Benefit Plan

Kaiser Permanente Washington Defined Benefit Plan is a Pension Fund based in Oakland, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Oakland, United States
- **Region:** North America
- **Address:** One Kaiser Plaza, 25th Floor 16 L, Oakland, CA, United States
- **Founded:** 1945
- **Assets under management:** 751 (Altss estimate)
- **Website:** wa.kaiserpermanente.org

## Regulatory record

- **Reports private funds:** No

## About

The plan was established in 1945 to serve employees of Group Health Cooperative, which later became part of Kaiser Permanente's Washington operations. It remains administered under Kaiser Permanente structures for the regional workforce. Investment holdings span public equities such as Microsoft, Apple, and Amazon alongside private equity exposure through Actis Energy 4 LP and Actis funds. Real estate assets include multiple Washington State medical facilities and administrative sites held directly by Kaiser Foundation Health Plan of Washington. Geographic focus centers on the United States with limited global private equity commitments. Thomas Lurquin and Janice Murphy oversee pensions and investments. The plan uses State Street Retiree Services as custodian and maintains relationships with Vanguard and T. Rowe Price. No operational events from the last 24 months appear in available records. The plan functions as an internal employee benefit vehicle rather than an external allocator, with investment decisions aligned to actuarial requirements of the sponsoring health organization.

## Sectors

- Healthcare
- Private Equity

## People

- Thomas Lurquin — Chief Investment Officer, Pensions and Investments
- Janice Murphy — Vice President, Pensions and Investments

## Questions

### Who runs investment decisions at Kaiser Permanente Washington Defined Benefit Plan?

Thomas Lurquin holds the role of Chief Investment Officer, Pensions and Investments. Janice Murphy serves as Vice President, Pensions and Investments. Both appear in the firm's relationship records.

### Does the plan participate in fund commitments or only direct deals?

The plan holds limited partner positions in Actis Energy 4 LP and Actis funds. It also maintains direct ownership of real estate assets through Kaiser Foundation Health Plan of Washington.

### What asset classes receive allocations?

Public equities, private equity at 4.93 percent, fixed income, real estate, and hedge funds form the documented mix. Holdings include positions in Microsoft, Apple, Amazon, and Actis vehicles.

### Where does the underlying obligation originate?

The plan covers eligible employees of the Washington region operations formerly tied to Group Health Cooperative. Kaiser Permanente assumed responsibility after the 2017 acquisition.

### Which service providers support operations?

State Street Retiree Services acts as custodian. Vanguard and T. Rowe Price provide investment services. WageWorks handles claims administration.

## Related profiles

- [Haverford College Endowment](https://altss.com/profile/haverford-college-endowment)
- [Stony Brook Foundation](https://altss.com/profile/stony-brook-foundation-sbf)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/kaiser-permanente-washington-defined-benefit-plan

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