# Sutter Health Retirement Plan

Sutter Health Retirement Plan is a Pension Fund based in Sacramento, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Sacramento, United States
- **Region:** North America
- **Address:** Sacramento, CA, United States
- **Founded:** 1959
- **Assets under management:** Undisclosed
- **Website:** sutterhealth.org
- **LinkedIn:** https://www.linkedin.com/company/sutter-health

## Regulatory record

- **Reports private funds:** No

## About

The Sutter Health Retirement Plan operates as the defined benefit pension arm for the Sacramento-based Sutter Health network, a non-profit system with dozens of hospitals and medical foundations across Northern California. The plan is distinct in its structure: it is entirely employer-funded, requiring no employee contributions, which creates a long-duration liability profile and a predictable stream of assets. Jennifer Susnara, Executive Director of Benefits, and Vicki Flemming, Director of Retirement, oversee the plan's administration, with its investment strategy set to support accrued benefits for a workforce concentrated in healthcare delivery. The plan deploys capital across a venture capital allocation, marking it as an institutional LP with direct exposure to fund commitments. While specific portfolio holdings are not publicly itemized, the plan's investment policy targets the venture capital asset class generally, injecting healthcare system pension assets into early- and growth-stage innovation cycles. Team size and total assets under management are not publicly reported, consistent with the privacy typical of non-ERISA-exempt corporate pension plans that are not subject to public disclosure via a state retirement board. The plan is governed internally within the Sutter Health benefits structure, rather than through an independent investment board or external consultant-disclosed arrangement. No adjacent philanthropic foundations or club memberships tied directly to the retirement plan have been identified in available public records. The structural differentiator for the Sutter Health Retirement Plan is its posture as a captive pension LP within a non-profit healthcare operating company. Unlike large state pension funds that publicly disclose every commitment, this plan invests through a private, corporate-governance model while still participating as an institutional venture allocator. That hybrid profile — private governance, public-service mission — gives it the flexibility to place conviction bets in VC without the transparency demands that constrain CalPERS or UC Regents, yet it remains answerable to the long-term benefit obligations of a unionized and non-unionized healthcare workforce.

## Sectors

- Venture Capital

## People

- Jennifer Susnara — Executive Director, Benefits and Plan Administrator
- Vicki Flemming — Director, Retirement

## Questions

### What is the plan's known posture on co-investments alongside external GPs?

There is no public record of the Sutter Health Retirement Plan engaging in direct co-investments alongside its venture fund managers. The plan's investment activities are not itemized in public meeting minutes or investment reports, which distinguishes it from large public pension systems that regularly disclose co-investment tranches. The default assumption is LP-only fund commitments unless the plan chooses to disclose otherwise.

### Where does the underlying capital come from?

All plan assets originate from employer contributions made by Sutter Health and its affiliated entities. Employees do not contribute to the defined benefit plan. Contribution levels are actuarially determined based on the plan's funded status and future benefit obligations, with the non-profit health system's operating revenue serving as the ultimate funding source.

## Related profiles

- [Susquehanna Laborers Combined Pension Fund](https://altss.com/profile/susquehanna-laborers-combined-pension-fund)
- [Sutter Valley Medical Foundation](https://altss.com/profile/sutter-valley-medical-foundation)

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Last updated: 2026-08-11T02:43:31.692Z

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