# Maine Bankers Association Health & Welfare Plan
Source: https://planprovider.pro/companies/maine-bankers-association-010155360-502

> Maine Bankers Association's Health & Welfare plan: 3,531 participants, plan year 2025 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2025.

## Plan Snapshot

- **Plan Sponsor:** Maine Bankers Association

- **Sponsor EIN:** 010155360

- **Sponsor Address:** 2 THOMAS DRIVE, WESTBROOK, ME, 04092

- **Plan Type:** Health & Welfare

- **Plan Number:** 502

- **Total Participants:** 3,531

- **Total Assets:** $13.0M

## 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.|

| 2025|3,531|$13.0M|$0|$0|

| 2024|2,710|$12.0M|$27.2M|$7.4M|

| 2023|2,717|$12.6M|$27.4M|$7.0M|

| 2022|2,699|$14.4M|$23.0M|$6.7M|

## 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|

| MAINE BANKERS ASSOCIATION|Other Service Provider|$864,307|—|$864,307|

| WELLNESS WORKDAYS|Other Service Provider|$320,108|—|$320,108|

| HELLO HEART|Other Service Provider|$110,103|—|$110,103|

| BUSINESS SOLVER|Other Service Provider|$105,870|—|$105,870|

| OMADA HEALTH|Other Service Provider|$97,022|—|$97,022|

| MARSH MCLENNAN AGENCY LLC|Other Service Provider|$83,760|—|$83,760|

| HEALTH AXIS|Other Service Provider|$27,654|—|$27,654|

| ASSOCIATION SERVICES, INC.|Other Service Provider|$22,978|—|$22,978|

| PHYSERA PHYSICAL THERAPY GROUP PC|Other Service Provider|$14,125|—|$14,125|

| LEARN YOUR WORK LIFE|Other Service Provider|$14,110|—|$14,110|

| NOVAREST|Other Service Provider|$12,500|—|$12,500|

| BDMP ASSURANCE LLP|Other Service Provider|$12,342|—|$12,342|

| WEX|Other Service Provider|$7,392|—|$7,392|

| BERRYDUNN|Other Service Provider|$6,770|—|$6,770|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $1,699,041

- **Estimated Expense Ratio:** 13.086% 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|

| 2025|$35,715,300|—|$980,130|$21,612|—|

| 2024|$1,841,328|—|$993,280|$52,221|—|

| 2023|$1,817,929|—|$945,413|$24,480|—|

| 2022|$2,070,653|—|$1,341,706|—|$158,071|

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