Plan Snapshot
- Plan Sponsor: Albany Med Health System
- Sponsor EIN: 141641730
- Sponsor Address: 43 NEW SCOTLAND AVENUE, ALBANY, NY, 12208
- Plan Type: DB
- Total Participants: 7,970
- Total Assets: $289.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 7,970 | $289.7M | $14.2M | $0 |
| 2023 | 7,988 | $287.1M | $756,998 | $0 |
| 2022 | 7,722 | $307.7M | $0 | $0 |
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 |
|---|---|---|---|---|
| MILLIMAN INC. | NONE | $481,139 | — | $481,139 |
| GOLDMAN SACHS | NONE | $146,536 | — | $146,536 |
| VICTORY CAPITAL MGMT KEY TRUST CO. | NONE | $97,807 | $33,687 | $131,494 |
| CONNING, INC. | NONE | $49,554 | — | $49,554 |
| ACCUPRINT | NONE | $38,095 | — | $38,095 |
| VERRILL | NONE | $30,026 | — | $30,026 |
| EDGEWOOD MANAGEMENT LLC | NONE | $29,725 | — | $29,725 |
| RYDER COURT GLOBAL | NONE | $29,004 | — | $29,004 |
| VAN BERKOM & ASSOCIATES | NONE | $22,023 | — | $22,023 |
| WESTFIELD CAPITAL MANAGEMENT CO. | NONE | $20,319 | — | $20,319 |
| UHY LLP | NONE | $15,759 | — | $15,759 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN INC. — NONE
- GOLDMAN SACHS — NONE
- VERRILL — NONE
- UHY LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $993,674
- Estimated Expense Ratio: 0.343% 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 | $2,190,939 | $175,630 | — | $15,759 | — |
| 2023 | $2,532,435 | $623,442 | — | — | — |
| 2022 | $2,414,371 | $658,332 | — | — | — |