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THE ALBANY MEDICAL CENTER RETIREMENT PLAN 401k Plan overview

Plan NameTHE ALBANY MEDICAL CENTER RETIREMENT PLAN
Plan identification number 003

THE ALBANY MEDICAL CENTER RETIREMENT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ALBANY MED HEALTH SYSTEM has sponsored the creation of one or more 401k plans.

Company Name:ALBANY MED HEALTH SYSTEM
Employer identification number (EIN):141641730
NAIC Classification:622000
NAIC Description: Hospitals

Additional information about ALBANY MED HEALTH SYSTEM

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1982-10-08
Company Identification Number: 797561
Legal Registered Office Address: ATTN: PRESIDENT
43 NEW SCOTLAND AVENUE
ALBANY
United States of America (USA)
12208

More information about ALBANY MED HEALTH SYSTEM

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE ALBANY MEDICAL CENTER RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032024-01-01FRANCES S. ALBERT
0032023-01-01
0032023-01-01FRANCES S. ALBERT
0032022-01-01
0032022-01-01FRANCES S. ALBERT
0032021-01-01
0032021-01-01FRANCES S. ALBERT
0032020-01-01
0032019-01-01
0032018-01-01
0032017-01-01FRANCES S. ALBERT

Financial Data on THE ALBANY MEDICAL CENTER RETIREMENT PLAN

Measure Date Value
2023 : THE ALBANY MEDICAL CENTER RETIREMENT PLAN 2023 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2023-12-31$11,485,476
Total unrealized appreciation/depreciation of assets2023-12-31$11,485,476
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$434,413
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$218,988
Total income from all sources (including contributions)2023-12-31$40,831,594
Total loss/gain on sale of assets2023-12-31$19,025,087
Total of all expenses incurred2023-12-31$61,568,267
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$59,035,832
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$756,998
Value of total assets at end of year2023-12-31$287,137,562
Value of total assets at beginning of year2023-12-31$307,658,810
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$2,532,435
Total interest from all sources2023-12-31$8,996,365
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$567,668
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$59,692
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$15,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Assets. Other investments not covered elsewhere at end of year2023-12-31$1,093,092
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2023-12-31$34,965,000
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-31$177,167
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-12-31$859,712
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-12-31$254,478
Administrative expenses (other) incurred2023-12-31$1,312,861
Liabilities. Value of operating payables at end of year2023-12-31$179,935
Liabilities. Value of operating payables at beginning of year2023-12-31$207,726
Total non interest bearing cash at end of year2023-12-31$6,429,787
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$-20,736,673
Value of net assets at end of year (total assets less liabilities)2023-12-31$286,703,149
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$307,439,822
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Assets. partnership/joint venture interests at end of year2023-12-31$29,211,171
Assets. partnership/joint venture interests at beginning of year2023-12-31$41,187,952
Investment advisory and management fees2023-12-31$623,442
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$14,825,304
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$138,726,386
Value of interest in pooled separate accounts at end of year2023-12-31$0
Interest earned on other investments2023-12-31$8,542,883
Value of interest in common/collective trusts at end of year2023-12-31$169,437,808
Value of interest in common/collective trusts at beginning of year2023-12-31$15,306,666
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-12-31$65,206,235
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-12-31$3,296,930
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-12-31$3,296,930
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-12-31$453,482
Asset value of US Government securities at beginning of year2023-12-31$11,639,515
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31Yes
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$756,998
Employer contributions (assets) at end of year2023-12-31$756,998
Income. Dividends from preferred stock2023-12-31$2,357
Income. Dividends from common stock2023-12-31$505,619
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$24,070,832
Asset. Corporate debt instrument debt (other) at beginning of year2023-12-31$65,029,166
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32023-12-31No
Assets. Corporate common stocks other than exployer securities at beginning of year2023-12-31$31,612,483
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Aggregate proceeds on sale of assets2023-12-31$532,849,611
Aggregate carrying amount (costs) on sale of assets2023-12-31$513,824,524
Liabilities. Value of acquisition indebtedness at beginning of year2023-12-31$11,262
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31UHY LLP
Accountancy firm EIN2023-12-31200694403
Unrealized appreciation/depreciation of other (non real estate) assets2023-01-01$11,485,476
Total unrealized appreciation/depreciation of assets2023-01-01$11,485,476
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$434,413
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$218,988
Total income from all sources (including contributions)2023-01-01$40,831,594
Total loss/gain on sale of assets2023-01-01$19,025,087
Total of all expenses incurred2023-01-01$61,568,267
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$59,035,832
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$756,998
Value of total assets at end of year2023-01-01$287,137,562
Value of total assets at beginning of year2023-01-01$307,658,810
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$2,532,435
Total interest from all sources2023-01-01$8,996,365
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$567,668
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2023-01-01$59,692
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$15,000,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Assets. Other investments not covered elsewhere at end of year2023-01-01$1,093,092
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2023-01-01$34,965,000
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-01-01$177,167
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-01-01$859,712
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-01-01$254,478
Administrative expenses (other) incurred2023-01-01$1,312,861
Liabilities. Value of operating payables at end of year2023-01-01$179,935
Liabilities. Value of operating payables at beginning of year2023-01-01$207,726
Total non interest bearing cash at end of year2023-01-01$6,429,787
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$-20,736,673
Value of net assets at end of year (total assets less liabilities)2023-01-01$286,703,149
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$307,439,822
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Assets. partnership/joint venture interests at end of year2023-01-01$29,211,171
Assets. partnership/joint venture interests at beginning of year2023-01-01$41,187,952
Investment advisory and management fees2023-01-01$623,442
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-01-01$14,825,304
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-01-01$138,726,386
Value of interest in pooled separate accounts at end of year2023-01-01$0
Interest earned on other investments2023-01-01$8,542,883
Value of interest in common/collective trusts at end of year2023-01-01$169,437,808
Value of interest in common/collective trusts at beginning of year2023-01-01$15,306,666
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-01-01$65,206,235
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-01-01$453,482
Asset value of US Government securities at beginning of year2023-01-01$11,639,515
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01Yes
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Contributions received in cash from employer2023-01-01$756,998
Employer contributions (assets) at end of year2023-01-01$756,998
Income. Dividends from preferred stock2023-01-01$2,357
Income. Dividends from common stock2023-01-01$505,619
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$24,070,832
Asset. Corporate debt instrument debt (other) at beginning of year2023-01-01$65,029,166
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32023-01-01No
Assets. Corporate common stocks other than exployer securities at beginning of year2023-01-01$31,612,483
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Aggregate proceeds on sale of assets2023-01-01$532,849,611
Aggregate carrying amount (costs) on sale of assets2023-01-01$513,824,524
Liabilities. Value of acquisition indebtedness at beginning of year2023-01-01$11,262
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01UHY LLP
Accountancy firm EIN2023-01-01200694403
2022 : THE ALBANY MEDICAL CENTER RETIREMENT PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-77,968,179
Total unrealized appreciation/depreciation of assets2022-12-31$-77,968,179
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$218,988
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$355,386
Total income from all sources (including contributions)2022-12-31$-67,016,559
Total loss/gain on sale of assets2022-12-31$1,496,458
Total of all expenses incurred2022-12-31$33,816,019
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$31,401,648
Value of total assets at end of year2022-12-31$307,658,810
Value of total assets at beginning of year2022-12-31$408,627,786
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$2,414,371
Total interest from all sources2022-12-31$3,662,307
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$5,789,751
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$5,169,308
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$15,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$859,712
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$933,436
Other income not declared elsewhere2022-12-31$3,104
Administrative expenses (other) incurred2022-12-31$1,756,039
Liabilities. Value of operating payables at end of year2022-12-31$207,726
Liabilities. Value of operating payables at beginning of year2022-12-31$321,403
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-100,832,578
Value of net assets at end of year (total assets less liabilities)2022-12-31$307,439,822
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$408,272,400
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Assets. partnership/joint venture interests at end of year2022-12-31$41,187,952
Assets. partnership/joint venture interests at beginning of year2022-12-31$45,139,278
Investment advisory and management fees2022-12-31$658,332
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$138,726,386
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$181,210,273
Value of interest in pooled separate accounts at end of year2022-12-31$0
Interest earned on other investments2022-12-31$3,553,185
Value of interest in common/collective trusts at end of year2022-12-31$15,306,666
Value of interest in common/collective trusts at beginning of year2022-12-31$27,024,979
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$3,296,930
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$5,547,357
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$5,547,357
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$109,122
Asset value of US Government securities at end of year2022-12-31$11,639,515
Asset value of US Government securities at beginning of year2022-12-31$12,417,246
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31Yes
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Income. Dividends from common stock2022-12-31$620,443
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$31,401,648
Asset. Corporate debt instrument debt (other) at end of year2022-12-31$65,029,166
Asset. Corporate debt instrument debt (other) at beginning of year2022-12-31$91,795,525
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2022-12-31$31,612,483
Assets. Corporate common stocks other than exployer securities at beginning of year2022-12-31$44,559,692
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$157,297,953
Aggregate carrying amount (costs) on sale of assets2022-12-31$155,801,495
Liabilities. Value of acquisition indebtedness at end of year2022-12-31$11,262
Liabilities. Value of acquisition indebtedness at beginning of year2022-12-31$33,983
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31UHY LLP
Accountancy firm EIN2022-12-31200694403
Unrealized appreciation/depreciation of other (non real estate) assets2022-01-01$-77,968,179
Total unrealized appreciation/depreciation of assets2022-01-01$-77,968,179
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$218,988
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$355,386
Total income from all sources (including contributions)2022-01-01$-67,016,559
Total loss/gain on sale of assets2022-01-01$1,496,458
Total of all expenses incurred2022-01-01$33,816,019
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$31,401,648
Value of total assets at end of year2022-01-01$307,658,810
Value of total assets at beginning of year2022-01-01$408,627,786
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$2,414,371
Total interest from all sources2022-01-01$3,662,307
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$5,789,751
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2022-01-01$5,169,308
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$15,000,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-01-01$859,712
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-01-01$933,436
Other income not declared elsewhere2022-01-01$3,104
Administrative expenses (other) incurred2022-01-01$1,756,039
Liabilities. Value of operating payables at end of year2022-01-01$207,726
Liabilities. Value of operating payables at beginning of year2022-01-01$321,403
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-100,832,578
Value of net assets at end of year (total assets less liabilities)2022-01-01$307,439,822
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$408,272,400
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Assets. partnership/joint venture interests at end of year2022-01-01$41,187,952
Assets. partnership/joint venture interests at beginning of year2022-01-01$45,139,278
Investment advisory and management fees2022-01-01$658,332
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$138,726,386
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$181,210,273
Value of interest in pooled separate accounts at end of year2022-01-01$0
Interest earned on other investments2022-01-01$3,553,185
Value of interest in common/collective trusts at end of year2022-01-01$15,306,666
Value of interest in common/collective trusts at beginning of year2022-01-01$27,024,979
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-01-01$3,296,930
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-01-01$109,122
Asset value of US Government securities at end of year2022-01-01$11,639,515
Asset value of US Government securities at beginning of year2022-01-01$12,417,246
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01Yes
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Income. Dividends from common stock2022-01-01$620,443
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$31,401,648
Asset. Corporate debt instrument debt (other) at end of year2022-01-01$65,029,166
Asset. Corporate debt instrument debt (other) at beginning of year2022-01-01$91,795,525
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-01-01No
Assets. Corporate common stocks other than exployer securities at end of year2022-01-01$31,612,483
Assets. Corporate common stocks other than exployer securities at beginning of year2022-01-01$44,559,692
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Aggregate proceeds on sale of assets2022-01-01$157,297,953
Aggregate carrying amount (costs) on sale of assets2022-01-01$155,801,495
Liabilities. Value of acquisition indebtedness at end of year2022-01-01$11,262
Liabilities. Value of acquisition indebtedness at beginning of year2022-01-01$33,983
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01UHY LLP
Accountancy firm EIN2022-01-01200694403
2021 : THE ALBANY MEDICAL CENTER RETIREMENT PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$-8,766,947
Total unrealized appreciation/depreciation of assets2021-12-31$-8,766,947
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$355,386
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$314,088
Total income from all sources (including contributions)2021-12-31$28,986,740
Total loss/gain on sale of assets2021-12-31$26,078,536
Total of all expenses incurred2021-12-31$32,984,144
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$30,210,742
Value of total assets at end of year2021-12-31$408,627,786
Value of total assets at beginning of year2021-12-31$412,583,892
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$2,773,402
Total interest from all sources2021-12-31$5,564,991
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$6,108,493
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$5,550,206
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$15,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$933,436
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$900,589
Other income not declared elsewhere2021-12-31$1,667
Administrative expenses (other) incurred2021-12-31$1,784,900
Liabilities. Value of operating payables at end of year2021-12-31$321,403
Liabilities. Value of operating payables at beginning of year2021-12-31$313,122
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-3,997,404
Value of net assets at end of year (total assets less liabilities)2021-12-31$408,272,400
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$412,269,804
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Assets. partnership/joint venture interests at end of year2021-12-31$45,139,278
Assets. partnership/joint venture interests at beginning of year2021-12-31$43,336,599
Investment advisory and management fees2021-12-31$988,502
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$181,210,273
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$141,078,875
Value of interest in pooled separate accounts at end of year2021-12-31$0
Interest earned on other investments2021-12-31$5,540,230
Value of interest in common/collective trusts at end of year2021-12-31$27,024,979
Value of interest in common/collective trusts at beginning of year2021-12-31$47,464,441
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$5,547,357
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$28,282,646
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$28,282,646
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$24,761
Asset value of US Government securities at end of year2021-12-31$12,417,246
Asset value of US Government securities at beginning of year2021-12-31$11,420,822
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31Yes
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Income. Dividends from common stock2021-12-31$558,287
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$30,210,742
Asset. Corporate debt instrument debt (other) at end of year2021-12-31$91,795,525
Asset. Corporate debt instrument debt (other) at beginning of year2021-12-31$94,211,880
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2021-12-31$44,559,692
Assets. Corporate common stocks other than exployer securities at beginning of year2021-12-31$45,888,040
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Aggregate proceeds on sale of assets2021-12-31$202,716,411
Aggregate carrying amount (costs) on sale of assets2021-12-31$176,637,875
Liabilities. Value of acquisition indebtedness at end of year2021-12-31$33,983
Liabilities. Value of acquisition indebtedness at beginning of year2021-12-31$966
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31UHY LLP
Accountancy firm EIN2021-12-31200694403
2020 : THE ALBANY MEDICAL CENTER RETIREMENT PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$22,737,644
Total unrealized appreciation/depreciation of assets2020-12-31$22,737,644
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$314,088
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$259,224
Total income from all sources (including contributions)2020-12-31$63,568,589
Total loss/gain on sale of assets2020-12-31$10,167,941
Total of all expenses incurred2020-12-31$30,937,239
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$28,471,989
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$21,375,000
Value of total assets at end of year2020-12-31$412,583,892
Value of total assets at beginning of year2020-12-31$379,897,678
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$2,465,250
Total interest from all sources2020-12-31$5,436,120
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$3,846,105
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$3,388,616
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$10,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$900,589
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$1,040,248
Other income not declared elsewhere2020-12-31$5,779
Administrative expenses (other) incurred2020-12-31$1,643,775
Liabilities. Value of operating payables at end of year2020-12-31$313,122
Liabilities. Value of operating payables at beginning of year2020-12-31$249,524
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$32,631,350
Value of net assets at end of year (total assets less liabilities)2020-12-31$412,269,804
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$379,638,454
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Assets. partnership/joint venture interests at end of year2020-12-31$43,336,599
Assets. partnership/joint venture interests at beginning of year2020-12-31$71,437,150
Investment advisory and management fees2020-12-31$821,475
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$141,078,875
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$108,813,485
Value of interest in pooled separate accounts at end of year2020-12-31$0
Interest earned on other investments2020-12-31$5,398,981
Value of interest in common/collective trusts at end of year2020-12-31$47,464,441
Value of interest in common/collective trusts at beginning of year2020-12-31$35,664,681
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$28,282,646
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$20,902,331
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$20,902,331
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$37,139
Asset value of US Government securities at end of year2020-12-31$11,420,822
Asset value of US Government securities at beginning of year2020-12-31$9,656,633
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31Yes
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$21,375,000
Employer contributions (assets) at beginning of year2020-12-31$2,375,000
Income. Dividends from common stock2020-12-31$457,489
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$28,471,989
Asset. Corporate debt instrument debt (other) at end of year2020-12-31$94,211,880
Asset. Corporate debt instrument debt (other) at beginning of year2020-12-31$95,139,017
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2020-12-31$45,888,040
Assets. Corporate common stocks other than exployer securities at beginning of year2020-12-31$34,869,133
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$315,256,706
Aggregate carrying amount (costs) on sale of assets2020-12-31$305,088,765
Liabilities. Value of acquisition indebtedness at end of year2020-12-31$966
Liabilities. Value of acquisition indebtedness at beginning of year2020-12-31$9,700
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31GRANT THORNTON
Accountancy firm EIN2020-12-31366055558
2019 : THE ALBANY MEDICAL CENTER RETIREMENT PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$36,270,262
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$36,270,262
Total unrealized appreciation/depreciation of assets2019-12-31$36,270,262
Total unrealized appreciation/depreciation of assets2019-12-31$36,270,262
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$259,224
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$259,224
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$337,413
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$337,413
Total income from all sources (including contributions)2019-12-31$65,527,498
Total income from all sources (including contributions)2019-12-31$65,527,498
Total loss/gain on sale of assets2019-12-31$12,462,101
Total loss/gain on sale of assets2019-12-31$12,462,101
Total of all expenses incurred2019-12-31$19,341,389
Total of all expenses incurred2019-12-31$19,341,389
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$16,998,978
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$16,998,978
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$8,375,000
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$8,375,000
Value of total assets at end of year2019-12-31$379,897,678
Value of total assets at end of year2019-12-31$379,897,678
Value of total assets at beginning of year2019-12-31$333,789,758
Value of total assets at beginning of year2019-12-31$333,789,758
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$2,342,411
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$2,342,411
Total interest from all sources2019-12-31$5,525,590
Total interest from all sources2019-12-31$5,525,590
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$2,454,613
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$2,454,613
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$10,000,000
Value of fidelity bond cover2019-12-31$10,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$9,779,594
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$9,779,594
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$1,040,248
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$1,040,248
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$1,271,983
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$1,271,983
Other income not declared elsewhere2019-12-31$439,932
Other income not declared elsewhere2019-12-31$439,932
Administrative expenses (other) incurred2019-12-31$1,435,162
Administrative expenses (other) incurred2019-12-31$1,435,162
Liabilities. Value of operating payables at end of year2019-12-31$249,524
Liabilities. Value of operating payables at beginning of year2019-12-31$319,764
Liabilities. Value of operating payables at beginning of year2019-12-31$319,764
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$46,186,109
Value of net income/loss2019-12-31$46,186,109
Value of net assets at end of year (total assets less liabilities)2019-12-31$379,638,454
Value of net assets at end of year (total assets less liabilities)2019-12-31$379,638,454
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$333,452,345
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$333,452,345
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Assets. partnership/joint venture interests at end of year2019-12-31$71,437,150
Assets. partnership/joint venture interests at end of year2019-12-31$71,437,150
Assets. partnership/joint venture interests at beginning of year2019-12-31$67,148,054
Assets. partnership/joint venture interests at beginning of year2019-12-31$67,148,054
Investment advisory and management fees2019-12-31$907,249
Investment advisory and management fees2019-12-31$907,249
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$108,813,485
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$108,813,485
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$77,923,948
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$77,923,948
Value of interest in pooled separate accounts at end of year2019-12-31$0
Value of interest in pooled separate accounts at end of year2019-12-31$0
Interest earned on other investments2019-12-31$5,398,553
Interest earned on other investments2019-12-31$5,398,553
Value of interest in common/collective trusts at end of year2019-12-31$35,664,681
Value of interest in common/collective trusts at end of year2019-12-31$35,664,681
Value of interest in common/collective trusts at beginning of year2019-12-31$31,216,469
Value of interest in common/collective trusts at beginning of year2019-12-31$31,216,469
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$20,902,331
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$20,902,331
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$6,028,505
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$6,028,505
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$6,028,505
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$6,028,505
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$127,037
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$127,037
Asset value of US Government securities at end of year2019-12-31$9,656,633
Asset value of US Government securities at end of year2019-12-31$9,656,633
Asset value of US Government securities at beginning of year2019-12-31$5,335,955
Asset value of US Government securities at beginning of year2019-12-31$5,335,955
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$8,375,000
Contributions received in cash from employer2019-12-31$8,375,000
Employer contributions (assets) at end of year2019-12-31$2,375,000
Employer contributions (assets) at end of year2019-12-31$2,375,000
Income. Dividends from common stock2019-12-31$2,454,613
Income. Dividends from common stock2019-12-31$2,454,613
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$16,998,978
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$16,998,978
Asset. Corporate debt instrument debt (other) at end of year2019-12-31$95,139,017
Asset. Corporate debt instrument debt (other) at end of year2019-12-31$95,139,017
Asset. Corporate debt instrument debt (other) at beginning of year2019-12-31$108,556,451
Asset. Corporate debt instrument debt (other) at beginning of year2019-12-31$108,556,451
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2019-12-31$34,869,133
Assets. Corporate common stocks other than exployer securities at end of year2019-12-31$34,869,133
Assets. Corporate common stocks other than exployer securities at beginning of year2019-12-31$26,528,799
Assets. Corporate common stocks other than exployer securities at beginning of year2019-12-31$26,528,799
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Aggregate proceeds on sale of assets2019-12-31$186,121,845
Aggregate proceeds on sale of assets2019-12-31$186,121,845
Aggregate carrying amount (costs) on sale of assets2019-12-31$173,659,744
Aggregate carrying amount (costs) on sale of assets2019-12-31$173,659,744
Liabilities. Value of acquisition indebtedness at end of year2019-12-31$9,700
Liabilities. Value of acquisition indebtedness at end of year2019-12-31$9,700
Liabilities. Value of acquisition indebtedness at beginning of year2019-12-31$17,649
Liabilities. Value of acquisition indebtedness at beginning of year2019-12-31$17,649
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31GRANT THORNTON
Accountancy firm name2019-12-31GRANT THORNTON
Accountancy firm EIN2019-12-31366055558
Accountancy firm EIN2019-12-31366055558
2018 : THE ALBANY MEDICAL CENTER RETIREMENT PLAN 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$-28,416,428
Total unrealized appreciation/depreciation of assets2018-12-31$-28,416,428
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$337,413
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$322,954
Total income from all sources (including contributions)2018-12-31$-2,248,188
Total loss/gain on sale of assets2018-12-31$5,618,303
Total of all expenses incurred2018-12-31$73,777,637
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$71,411,131
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$10,794,901
Value of total assets at end of year2018-12-31$333,789,758
Value of total assets at beginning of year2018-12-31$409,801,124
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$2,366,506
Total interest from all sources2018-12-31$6,918,999
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$2,481,752
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Administrative expenses professional fees incurred2018-12-31$293,632
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$10,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Assets. Other investments not covered elsewhere at end of year2018-12-31$9,779,594
Assets. Other investments not covered elsewhere at beginning of year2018-12-31$11,174,558
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$1,271,983
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$1,405,386
Other income not declared elsewhere2018-12-31$354,285
Administrative expenses (other) incurred2018-12-31$1,033,843
Liabilities. Value of operating payables at end of year2018-12-31$319,764
Liabilities. Value of operating payables at beginning of year2018-12-31$321,554
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-76,025,825
Value of net assets at end of year (total assets less liabilities)2018-12-31$333,452,345
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$409,478,170
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Assets. partnership/joint venture interests at end of year2018-12-31$67,148,054
Assets. partnership/joint venture interests at beginning of year2018-12-31$75,466,793
Investment advisory and management fees2018-12-31$1,039,031
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$77,923,948
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$92,084,967
Value of interest in pooled separate accounts at end of year2018-12-31$0
Interest earned on other investments2018-12-31$6,769,554
Value of interest in common/collective trusts at end of year2018-12-31$31,216,469
Value of interest in common/collective trusts at beginning of year2018-12-31$43,356,064
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$6,028,505
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$8,512,477
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$8,512,477
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$149,445
Asset value of US Government securities at end of year2018-12-31$5,335,955
Asset value of US Government securities at beginning of year2018-12-31$17,237,891
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31Yes
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$10,794,901
Income. Dividends from common stock2018-12-31$2,481,752
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$71,411,131
Asset. Corporate debt instrument debt (other) at end of year2018-12-31$108,556,451
Asset. Corporate debt instrument debt (other) at beginning of year2018-12-31$127,400,640
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2018-12-31$26,528,799
Assets. Corporate common stocks other than exployer securities at beginning of year2018-12-31$33,162,348
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Aggregate proceeds on sale of assets2018-12-31$245,520,722
Aggregate carrying amount (costs) on sale of assets2018-12-31$239,902,419
Liabilities. Value of acquisition indebtedness at end of year2018-12-31$17,649
Liabilities. Value of acquisition indebtedness at beginning of year2018-12-31$1,400
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31GRANT THORNTON
Accountancy firm EIN2018-12-31366055558
2017 : THE ALBANY MEDICAL CENTER RETIREMENT PLAN 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$1,074,042
Total unrealized appreciation/depreciation of assets2017-12-31$1,074,042
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$322,954
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$1,115,514
Total income from all sources (including contributions)2017-12-31$68,457,904
Total loss/gain on sale of assets2017-12-31$40,026,533
Total of all expenses incurred2017-12-31$20,852,449
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$18,534,352
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$17,424,361
Value of total assets at end of year2017-12-31$409,801,124
Value of total assets at beginning of year2017-12-31$362,988,229
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$2,318,097
Total interest from all sources2017-12-31$6,736,618
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$3,192,913
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Administrative expenses professional fees incurred2017-12-31$279,600
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$10,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Assets. Other investments not covered elsewhere at end of year2017-12-31$11,174,558
Assets. Other investments not covered elsewhere at beginning of year2017-12-31$13,978,881
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$1,405,386
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$551,448
Other income not declared elsewhere2017-12-31$3,437
Administrative expenses (other) incurred2017-12-31$910,011
Liabilities. Value of operating payables at end of year2017-12-31$321,554
Liabilities. Value of operating payables at beginning of year2017-12-31$1,043,765
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$47,605,455
Value of net assets at end of year (total assets less liabilities)2017-12-31$409,478,170
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$361,872,715
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Assets. partnership/joint venture interests at end of year2017-12-31$75,466,793
Assets. partnership/joint venture interests at beginning of year2017-12-31$70,398,500
Investment advisory and management fees2017-12-31$1,128,486
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$92,084,967
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$82,153,577
Interest earned on other investments2017-12-31$6,674,083
Value of interest in common/collective trusts at end of year2017-12-31$43,356,064
Value of interest in common/collective trusts at beginning of year2017-12-31$73,488,768
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$8,512,477
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$3,074,270
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$3,074,270
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$62,535
Asset value of US Government securities at end of year2017-12-31$17,237,891
Asset value of US Government securities at beginning of year2017-12-31$35,363,272
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31Yes
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$17,424,361
Income. Dividends from common stock2017-12-31$3,192,913
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$18,534,352
Asset. Corporate debt instrument debt (other) at end of year2017-12-31$127,400,640
Asset. Corporate debt instrument debt (other) at beginning of year2017-12-31$42,434,625
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2017-12-31$33,162,348
Assets. Corporate common stocks other than exployer securities at beginning of year2017-12-31$41,544,888
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Aggregate proceeds on sale of assets2017-12-31$414,312,418
Aggregate carrying amount (costs) on sale of assets2017-12-31$374,285,885
Liabilities. Value of acquisition indebtedness at end of year2017-12-31$1,400
Liabilities. Value of acquisition indebtedness at beginning of year2017-12-31$71,749
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31KPMG LLP
Accountancy firm EIN2017-12-31135565207

Form 5500 Responses for THE ALBANY MEDICAL CENTER RETIREMENT PLAN

2023: THE ALBANY MEDICAL CENTER RETIREMENT PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: THE ALBANY MEDICAL CENTER RETIREMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: THE ALBANY MEDICAL CENTER RETIREMENT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: THE ALBANY MEDICAL CENTER RETIREMENT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: THE ALBANY MEDICAL CENTER RETIREMENT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: THE ALBANY MEDICAL CENTER RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: THE ALBANY MEDICAL CENTER RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes

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