# Maine Credit Union League Insurance Trust Health & Welfare Plan
Source: https://planprovider.pro/companies/maine-credit-union-league-insurance-trust-836759671-501

> Maine Credit Union League Insurance Trust's Health & Welfare plan: 639 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Maine Credit Union League Insurance Trust

- **Sponsor EIN:** 836759671

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

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 639

- **Total Assets:** $2.1M

## 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|639|$2.1M|$8.0M|$0|

| 2023|891|$1.9M|$8.4M|$0|

| 2022|1,138|$2.4M|$7.9M|$0|

| 2019|907|$1.7M|$5.8M|$0|

## 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|

| CU INSURANCE SOLUTIONS|Insurance Carrier|$240,526|—|$240,526|

| COMMUNITY HEALTH OPTIONS|Recordkeeper|$196,452|—|$196,452|

| BERNSTEIN SHUR SAWYER & NELSON P.A.|ERISA Attorney|$143,606|—|$143,606|

| WOODROW W. CROSS AGENCY|Insurance Carrier|$128,911|—|$128,911|

| RUBENSTEIN ACTUARIAL SERVICES, LLC|Actuary|$44,000|—|$44,000|

| WIPFLI LLP|Other Service Provider|$28,450|—|$28,450|

| SMARTSHOPPER|Recordkeeper|$27,811|—|$27,811|

| ANTHEM HEALTH PLANS OF MAINE, INC.|Recordkeeper|—|$26,921|$26,921|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $836,677

- **Estimated Expense Ratio:** 40.071% 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|$951,170|$3,856|$654,625|$28,450|—|

| 2023|$1,010,043|$3,610|$755,042|$30,025|—|

| 2022|$945,918|$7,264|$770,572|—|$77,383|

| 2019|$649,486|$6,689|$534,569|—|$55,882|

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