2023 Form 5500 filing — Maine Education Association Benefits Trust
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 20250528140315NAL0004432851001) for Maine Education Association Benefits Trust, reported by Maine Education Association under EIN 01-0479776 and plan number 501. It reports 39,327 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250528140315NAL0004432851001
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- Maine Education Association
- EIN
- 01-0479776
- Plan number
- 501
- Location
- Augusta, ME
- Participants
- 39,327
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $170,036,354
- Total liabilities (EOY)
- $9,590,331
- Net assets (EOY)
- $160,446,023
- Employer contributions
- $481,385,404
- Participant contributions
- $5,131,127
- Total income / additions
- $595,752,964
- Benefits paid
- $584,714,091
- Administrative expenses
- $2,472,631
- Total expenses
- $587,186,722
- Net increase / (decrease)
- $8,566,242
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Maine Education Association | ADMINISTRATIVE SERVICES | $797,500 | not reported in the loaded dataset |
| Jennifer Kent | EMPLOYEE | $165,000 | not reported in the loaded dataset |
| Eaton Peabody Attorneys At Law | ATTORNEY | $143,976 | not reported in the loaded dataset |
| Michael Booth | EMPLOYEE | $101,578 | not reported in the loaded dataset |
| Cheiron, Inc | ACTUARY | $94,153 | not reported in the loaded dataset |
| Sharon Beaulieu | EMPLOYEE | $78,549 | not reported in the loaded dataset |
| Lynn Andreasen | EMPLOYEE | $70,366 | not reported in the loaded dataset |
| Berry Dunn Mcneil & Parker LLC | ACTUARY | $61,967 | not reported in the loaded dataset |
| Hm Payson | CONSULTANT | $60,458 | not reported in the loaded dataset |
| Rebecca Mangin | EMPLOYEE | $28,799 | not reported in the loaded dataset |
| Wipfli Llp | ACCOUNTANT | $26,175 | not reported in the loaded dataset |
| Lynn Aceto | EMPLOYEE | $18,750 | not reported in the loaded dataset |