2023 Form 5500 filing — Maine Bankers Association Employee Benefit Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240924131816NAL0004715107001) for Maine Bankers Association Employee Benefit Plan, reported by Maine Bankers Association under EIN 01-0155360 and plan number 502. It reports 3,079 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240924131816NAL0004715107001
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- Maine Bankers Association
- EIN
- 01-0155360
- Plan number
- 502
- Location
- Westbrook, ME
- Participants
- 3,079
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $12,584,943
- Total liabilities (EOY)
- $1,934,623
- Net assets (EOY)
- $10,650,320
- Employer contributions
- $27,404,441
- Participant contributions
- $6,992,575
- Total income / additions
- $34,804,942
- Benefits paid
- $35,437,525
- Administrative expenses
- $1,817,929
- Total expenses
- $37,255,454
- Net increase / (decrease)
- -$2,450,512
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Maine Bankers Association | PLAN SPONSOR | $830,390 | not reported in the loaded dataset |
| Wellness Workdays | SERVICE PROVIDER | $511,273 | not reported in the loaded dataset |
| Hello Heart | SERVICE PROVIDER | $219,324 | not reported in the loaded dataset |
| Business Solver | SERVICE PROVIDER | $104,640 | not reported in the loaded dataset |
| Berrydunn | PROFESSIONAL SERVICES | $38,809 | not reported in the loaded dataset |
| Health Axis | SERVICE PROVIDER | $37,946 | not reported in the loaded dataset |
| Association Services, Inc. | AFFILIATE OF PLAN SPONSOR | $17,047 | not reported in the loaded dataset |
| Novarest | SERVICE PROVIDER | $12,500 | not reported in the loaded dataset |
| Learn Your Work Life | SERVICE PROVIDER | $11,260 | not reported in the loaded dataset |
| Wex | SERVICE PROVIDER | $7,940 | not reported in the loaded dataset |