Plan Ledger DOL Form 5500 · updated monthly

Albany Med Health System403(b)

ALBANY MEDICAL CENTER 403 (B) PLAN · ALBANY, NY · plan year 2024

Reported admin expense ratio · 2024
0.14%

Albany Med Health System reported $791,502 in plan administrative expenses for 2024: 0.14% of average plan assets, higher than ~75% of peers. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.20% to 0.14%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 193rd-largest of 5,648 plans among New York employers on file, and the 288th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$599,383,094
Participants with balances11,797
Active participants9,290
Employer contributions—
Employee contributions$53,374,746
Employer contribution per active participant—
Average account balance$50,808
Benefits paid to participants$53,104,715
Plan auditUnmodified (clean) audit opinion
AuditorUHY
Plan history3
Yearassets · accounts · employer contribution
2024$599.4M · 11,797 accts
2023$525.8M · 13,938 accts · $135K emplr
2022$433.4M · 11,530 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$695,947
Investment management$95,555
Total administrative$791,502
What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$696,304
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$95,555

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$791,502 · 0.14%
2023$650,885 · 0.14%
2022$942,593 · 0.20%
Same employer
Similar plansHealth Care & Social Assistance · New York
Kaleida Health NY$723.5M · 0.05%
Nysarc, Inc. NY$647.6M · 0.12%
Team Tag Services, LLC NY$596.9M · 0.17%
New York Blood Center NY$505.2M · 0.11%
United Health Services, Inc. NY$391.3M · 0.27%
Medisys Health Network, Inc. NY$386.7M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141641730 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.