Maine Bankers Association Employee Benefit Plan — Form 5500 plan (Maine Bankers Association)
Plain-English plan 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, Maine Bankers Association Employee Benefit Plan is a benefit plan reported by Maine Bankers Association under EIN 01-0155360 and plan number 502. The latest loaded filing year is 2023. The filing reports 3,079 participants and $12,584,943 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Maine Bankers Association
- EIN
- 01-0155360
- Plan number
- 502
- Plan type
- 3
- Location
- Westbrook, ME
- Latest filing year
- 2023
- Participants
- 3,079
- End-of-year plan assets
- $12,584,943
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 3,079 | H, C | 20240924131816NAL0004715107001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $12,584,943
- Total liabilities (EOY)
- $1,934,623
- Net assets (EOY)
- $10,650,320
- Net assets (BOY)
- $13,100,832
Income & contributions
- Employer contributions
- $27,404,441
- Participant contributions
- $6,992,575
- Total contributions
- $34,397,016
- Total income / additions
- $34,804,942
Expenses & distributions
- Benefits paid
- $35,437,525
- Administrative expenses
- $1,817,929
- Total expenses
- $37,255,454
- Net increase / (decrease)
- -$2,450,512
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Maine Bankers Association | PLAN SPONSOR | $830,390 | not reported in the loaded dataset | 2023 |
| Wellness Workdays | SERVICE PROVIDER | $511,273 | not reported in the loaded dataset | 2023 |
| Hello Heart | SERVICE PROVIDER | $219,324 | not reported in the loaded dataset | 2023 |
| Business Solver | SERVICE PROVIDER | $104,640 | not reported in the loaded dataset | 2023 |
| Berrydunn | PROFESSIONAL SERVICES | $38,809 | not reported in the loaded dataset | 2023 |
| Health Axis | SERVICE PROVIDER | $37,946 | not reported in the loaded dataset | 2023 |
| Association Services, Inc. | AFFILIATE OF PLAN SPONSOR | $17,047 | not reported in the loaded dataset | 2023 |
| Novarest | SERVICE PROVIDER | $12,500 | not reported in the loaded dataset | 2023 |
| Learn Your Work Life | SERVICE PROVIDER | $11,260 | not reported in the loaded dataset | 2023 |
| Wex | SERVICE PROVIDER | $7,940 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Maine Bankers Association
- 2023 Form 5500 filing
- Form 5500 filings in ME
- 401(k) and benefit plan filings in Westbrook, ME
- Maine Bankers Association — Schedule C compensation
- Wellness Workdays — Schedule C compensation
- Hello Heart — Schedule C compensation
- Business Solver — Schedule C compensation
- Berrydunn — Schedule C compensation
- Health Axis — Schedule C compensation
- Association Services, Inc. — Schedule C compensation
- Novarest — Schedule C compensation
- Learn Your Work Life — Schedule C compensation
- Wex — Schedule C compensation