2023 Form 5500 filing — Maine Credit Union League Insurance Trust 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 20241009125535NAL0019210673001) for Maine Credit Union League Insurance Trust Employee Benefit Plan, reported by Maine Credit Union League Insurance Trust under EIN 83-6759671 and plan number 501. It reports 1,151 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009125535NAL0019210673001
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- Maine Credit Union League Insurance Trust
- EIN
- 83-6759671
- Plan number
- 501
- Location
- Westbrook, ME
- Participants
- 1,151
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $1,892,469
- Total liabilities (EOY)
- $739,318
- Net assets (EOY)
- $1,153,151
- Employer contributions
- $8,432,211
- Total income / additions
- $8,514,272
- Benefits paid
- $6,563,343
- Administrative expenses
- $1,010,043
- Total expenses
- $7,573,386
- Net increase / (decrease)
- $940,886
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Anthem Health Plans Of Maine, Inc. | CLAIMS ADMINISTRATOR | $204,470 | $649,102 |
| Credit Union Insurance Solutions | INSURANCE AGENT | $227,001 | not reported in the loaded dataset |
| Woodrow W. Cross Agency | INSURANCE AGENT | $91,300 | not reported in the loaded dataset |
| Bernstein Shur Sawyer & Nelson P.A. | LEGAL CONSULTANT | $67,205 | not reported in the loaded dataset |
| Smartshopper | CONTRACT ADMINISTRATOR | $54,393 | not reported in the loaded dataset |
| Rubenstein Actuarial Services, LLC | ACTUARY | $32,000 | not reported in the loaded dataset |
| Wipfli Llp | ACCOUNTANT | $30,025 | not reported in the loaded dataset |
| Brown & Brown Of Massachusetts, LLC | CONSULTANT | $14,475 | not reported in the loaded dataset |