Defined Benefit (Pension) · DOL Form 5500 · 2023
Albany Med Health System Pension Plan
Data updated 2026-08-11
- $287M
- Total assets
- 7,791
- Participants
- 96th
- Percentile by assets
- $36,855
- Avg per participant
Official DOL plan name: The Albany Medical Center Retirement Plan · Sponsored by Albany Med Health System · New York · Healthcare & Social Assistance
$287M in assets, 7,791 participants
Albany Med Health System's The Albany Medical Center Retirement Plan reported $287M in total assets and 7,791 participants in its 2023 DOL Form 5500 filing, ranking in the 96th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 96th percentile by assets (of 127,072 plans)
- #17,048 in Healthcare & Social Assistance (17,684 peers)
Coverage in New York
The Albany Medical Center Retirement Plan covers 7,791 participants in New York, 9.8x the typical New York plan (state average ~798 per filing). Assets: $287M.
- $287M
- total plan assets (2023 EOY)
- 7,791
- covered participants
- 96th
- percentile by assets (of 127,072 plans)
- $36,855
- avg assets per participant
The plan reported a net loss of $21M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- The Albany Medical Center Retirement Plan reported net income rose from -$101M in the plan year 2022 filing to -$21M in the plan year 2023 filing.
- The Albany Medical Center Retirement Plan end-of-year assets fell from $308M in the plan year 2022 filing to $287M in the plan year 2023 filing.
- The Albany Medical Center Retirement Plan reported participants rose from 7,778 in the plan year 2022 filing to 7,791 in the plan year 2023 filing.
Participants vs New York filers
In New York, the average filing covers about 798 participants across 9,061 plans. The Albany Medical Center Retirement Plan reports 7,791 participants - 9.8x that state average ($287M EOY assets).
New York filing particulars
| Total Assets (Beginning of Year) | $308M |
|---|---|
| Net Assets (End of Year) | $287M |
| Net Income | -$21M |
| Employer EIN | 141641730 |
| Plan Effective Date | 1989-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Albany Med Health System)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 16,945 | $741M |
| 2023 | 2 | 17,126 | $813M |
| 2024 | 2 | 17,750 | $889M |
Nearby Defined Benefit (Pension) Plans in New York
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
The Albany Medical Center Retirement Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
- IBM Personal Pension Plan $25.0B · 14,881
- Consolidated Edison Retirement Plan $16.2B · 10,779
- 1199seiu Health Care Employees Pension Fund $16.2B · 107,582
- Pfizer Consolidated Pension Plan $11.0B · 9,616
- Pepsico Employees Retirement Plan I $7.6B · 12,289
Scale composition for The Albany Medical Center Retirement Plan
The Albany Medical Center Retirement Plan reports $287M in end-of-year assets across 7,791 participants (0.002% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $36,855 per participant (27% of the national average assets-per-participant) . Net income for plan year 2023 was -$21M.
This plan identity (EIN 141641730, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $308M to $290M (-5.8%) while covered participants moved from 7,778 to 7,988 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 7,778 | $308M | Open filing |
| 2023 | 7,791 | $287M | This page |
| 2024 · index core | 7,988 | $290M | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Albany Medical Center 403(b) Plan (401(k), $599M, 9,762 participants)
- The Albany Medical Center Retirement Plan (Defined Benefit (Pension), $290M, 7,988 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to The Albany Medical Center Retirement Plan by total assets, not by location.
- Compensation at Retirement Plan (IL) $287M · 2,857
- Trustees of Jacksonville Plumbers and Pipefitters (TN) $288M · 938
- Fresenius Medical Care North America Retirement Plan (MA) $286M · 4,293
- Non-Contributory Retirement Program for Certain Employees of Blue Cross and Blue Shield of Kansas, Inc. (KS) $288M · 502
Frequently Asked Questions
How did The Albany Medical Center Retirement Plan assets move in 2023? ▼
How have Albany Med Health System plan assets changed over time? ▼
Where does The Albany Medical Center Retirement Plan rank by assets among Form 5500 filers? ▼
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Next read for The Albany Medical Center Retirement Pla…
Filing takeaways
Ways to act on The Albany Medical Center Retirement Plan's numbers.
- By total assets, The Albany Medical Center Retirement Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New York. Compare plans
- Albany Med Health System's sponsor-wide assets have grown 20.0% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans