# Maine Automobile Dealers Association, INC. Insurance Trust Health & Welfare Plan
Source: https://planprovider.pro/companies/maine-automobile-dealers-association-inc-insurance-trust-010288347-501

> Maine Automobile Dealers Association, INC. Insurance Trust's Health & Welfare plan: 2,770 participants, plan year 2024 financials, providers, and benchmarks…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/r-m-davis-inc) — 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|—|—|

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