Plan Snapshot
- Plan Sponsor: Maine Automobile Dealers Association, INC. Insurance Trust
- Sponsor EIN: 010288347
- Sponsor Address: PO BOX 2667, AUGUSTA, ME, 043382667
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 2,770
- Total Assets: $12.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,770 | $12.1M | $34.5M | $120,111 |
| 2023 | 2,749 | $11.4M | $32.9M | $152,175 |
| 2022 | 2,760 | $9.7M | $31.0M | $156,134 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ANTHEM HEALTH PLANS OF MAINE, INC. | Recordkeeper | $750,028 | $3,070,404 | $3,820,432 |
| CROSS INSURANCE INC | Other Service Provider | — | $304,446 | $304,446 |
| MAINE AUTOMOBILE DEALERS ASSOCIATIO | Other Service Provider | $153,402 | — | $153,402 |
| FLORES & ASSOCIATES LLC | Other Service Provider | $137,571 | — | $137,571 |
| CROSS BENEFIT SOLUTIONS | Other Service Provider | — | $130,284 | $130,284 |
| RUBENSTEIN ACTUARIAL SERVICES LLC | Actuary | $52,000 | — | $52,000 |
| RM DAVIS | Investment Advisor | $47,902 | — | $47,902 |
| PRETI, FLAHERTY BELIVEAU & PACHIOS | ERISA Attorney | $31,887 | — | $31,887 |
| WIPFLI | Other Service Provider | $28,450 | — | $28,450 |
| RICHARD DEPATIE | Other Service Provider | $18,000 | — | $18,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RM DAVIS — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,724,374
- Estimated Expense Ratio: 38.928% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,715,756 | $47,902 | $155,571 | $36,345 | — |
| 2023 | $1,984,052 | $44,635 | $157,211 | $34,908 | — |
| 2022 | $2,057,012 | $43,907 | $157,581 | — | — |