Olean General Hospital 403(b) match, vesting and fees
What Olean General Hospital's 403(b) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Valic Retirement Service Company | Schedule C ↗ |
| Independent auditor | Lumsden & Mccormick LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,281 defined-contribution plans in health care and social assistance with 1,000 to 4,999 participants.
| Olean General Hospital: employer contribution per participant | $841 | |
| Peer median | $1,358 |
| Olean General Hospital: average balance | $31,880 | |
| Peer median | $44,442 |
| Olean General Hospital: admin expenses ÷ assets | 0.38% | |
| Peer median | 0.21% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $80.8M at the end of plan year 2021 to $81.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,645 | $81.5M | $2.1M | $841 | 0.38% | Not published | Form 5500 ↗ |
| 2023 | 2,532 | $75.5M | $2M | $829 | 0.37% | Not published | Form 5500 ↗ |
| 2022 | 2,234 | $67M | $1.9M | $942 | 0.36% | Not published | Form 5500 ↗ |
| 2021 | 2,077 | $80.8M | $2.1M | $1,103 | 0.38% | Not published | Form 5500 ↗ |
Other Olean General Hospital plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Pension Program for Employees of Olean General Hospital
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Lumsden and Mccormick (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Bradford Hospital Retirement Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Lumsden and Mccormick (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Olean General Hospital match 401(k) contributions?
The match terms for the Olean General Hospital Savings Incentive Plan have not been published from its filing yet. The plan year 2024 filing reports $2.1M in employer contributions, about $841 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Olean General Hospital 401(k) match vested?
The vesting schedule for the Olean General Hospital Savings Incentive Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Olean General Hospital 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Valic Retirement Service Company. The plan administrator is Olean General Hospital.
I left Olean General Hospital. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Olean General Hospital, (716) 375-7346) or the recordkeeper, Valic Retirement Service Company. The Olean General Hospital old 401(k) page lists the contacts from every plan filing. Find an old Olean General Hospital 401(k)
Data from the public Form 5500 annual reports Olean General Hospital filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Olean General Hospital. Not financial advice. Report a correction · Methodology