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ALBANY MED HEALTH SYSTEM

Albany, New York
500+ employees
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Retirement Plan Detail

Retirement Plan Ranking

Retirement Plan:
Albany Medical Center 403(B) Plan
This plan lags significantly behind industry standards, which can hurt recruitment efforts and lead to higher employee turnover.
ALBANY MED HEALTH SYSTEM
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Plan Benchmark

Disclaimer: Ratings are based on firm-provided, independently audited data and reflect Mployer Advisor's opinion. They are not financial or legal advice and should be one of many factors considered when evaluating a retirement plan.
$0
Avg Employer Contribution per Person per Year
Laggard
EE Friendly
Plan Design
Top Benefits
EE Friendly
Admin Fees as a % of Total Assets
Competitive
12%
1 Year Return
Leading

Peer Group

Size
500+ employees
Region
Middle Atlantic
Industry
Health Care and Social Assistance

Employer & Employee Contribution

Factors like longer employee tenure and more generous match rates result in higher contributions.
Average Employer Contribution
Employer
Cohort
Average Employee Contribution
Employee
Cohort

Plan Details

Plan name
Albany Medical Center 403(B) Plan
Plan type
401k
Plan start date
01/01/2009
Plan assets
$599,383,094
Participation Rate
93.95 %
Loan %
0.52 %
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Key Plan Features

Each employer retirement plan is unique with different features that can benefit employees.
Loans
Yes
Self-directed
Yes
Auto-Enroll
Yes
Vesting Requirements
No

Returns

The below return percentage is an approximate one-year return. Specific employee start date's and other factors can shift the percentage up or down.
Average Returns
Employer
Cohort

Administrative Fees

Retirement plans pays fees each year to advisors and other vendors. This shows how your fees compare to like plans both as a percent of total and overall.
Administration Fees $
Employer
Cohort
Administrative Fees %
Employer
Cohort
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Just a few of the companies in your cohort

NAPA MANAGEMENT SERVICES CORP.NAPA MANAGEMENT SERVICES CORP.TEMPLE UNIVERSITY HEALTH SYSTEM INCTEMPLE UNIVERSITY HEALTH SYSTEM INCMAIMONIDES MEDICAL CENTERMAIMONIDES MEDICAL CENTERTHE COOPER HEALTH SYSTEMTHE COOPER HEALTH SYSTEMNY SOCIETY FOR THE RELIEF OF THE RUPTURED & CRIPPLEDNY SOCIETY FOR THE RELIEF OF THE RUPTURED & CRIPPLEDALBERT EINSTEIN HEALTHCARE NETWORKALBERT EINSTEIN HEALTHCARE NETWORKTHE GUTHRIE CLINICTHE GUTHRIE CLINICTEAM TAG SERVICES, LLCTEAM TAG SERVICES, LLCDEVEREUX ADVANCED BEHAVIORAL HEALTHDEVEREUX ADVANCED BEHAVIORAL HEALTHATLANTICARE REGIONAL MEDICAL CTRATLANTICARE REGIONAL MEDICAL CTR

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