Plan Snapshot
- Plan Sponsor: Albany Med Health System
- Sponsor EIN: 141641730
- Sponsor Address: 43 NEW SCOTLAND AVENUE, ALBANY, NY, 12208
- Plan Type: 403(b)
- Total Participants: 9,290
- Total Assets: $599.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 9,290 | $599.4M | $0 | $53.4M |
| 2023 | 9,762 | $525.8M | $134,607 | $50.0M |
| 2022 | 9,335 | $433.4M | $0 | $47.5M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $696,304 | — | $696,304 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $95,555 | — | $95,555 |
| UHY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- UHY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $791,859
- Estimated Expense Ratio: 0.132% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $791,502 | $95,555 | $900 | — | — |
| 2023 | $650,885 | $76,945 | $600 | — | — |
| 2022 | $942,593 | — | $942,593 | — | — |