Maine Employers' Mutual Insurance Company 401(K) Plan — Form 5500 plan (Maine Employers' Mutual Insurance Company)
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 Employers' Mutual Insurance Company 401(K) Plan is a benefit plan reported by Maine Employers' Mutual Insurance Company under EIN 01-0476508 and plan number 001. The latest loaded filing year is 2023. The filing reports 706 participants and $126,974,438 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Maine Employers' Mutual Insurance Company
- EIN
- 01-0476508
- Plan number
- 001
- Plan type
- 2
- Location
- Portland, ME
- Latest filing year
- 2023
- Participants
- 706
- End-of-year plan assets
- $126,974,438
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 706 | H, C | 20240723130733NAL0006621315001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $126,974,438
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $126,974,438
- Net assets (BOY)
- $107,849,459
Income & contributions
- Employer contributions
- $7,369,727
- Participant contributions
- $3,946,567
- Total contributions
- $12,412,704
- Total income / additions
- $32,362,730
Expenses & distributions
- Benefits paid
- $13,259,048
- Administrative expenses
- -$28,948
- Total expenses
- $13,237,751
- Net increase / (decrease)
- $19,124,979
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Strategic Advisors, Inc. | ADVISOR | $49,343 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | -$78,291 | $0 | 2023 |