# Maine Education Association Health & Welfare Plan
Source: https://planprovider.pro/companies/maine-education-association-010479776-501

> Maine Education Association's Health & Welfare plan: 26,948 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Maine Education Association

- **Sponsor EIN:** 010479776

- **Sponsor Address:** 35 COMMUNITY DRIVE, AUGUSTA, ME, 04330

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 26,948

- **Total Assets:** $144.8M

## 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|26,948|$144.8M|$511.2M|$6.2M|

| 2023|26,849|$170.0M|$481.4M|$5.1M|

| 2022|26,867|$152.2M|$470.5M|$5.1M|

## 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 EDUCATION ASSOCIATION|Other Service Provider|$797,500|—|$797,500|

| JENNIFER KENT|Other Service Provider|$169,950|—|$169,950|

| VERRILL & DANA LLP|ERISA Attorney|$161,976|—|$161,976|

| CHEIRON, INC|Actuary|$147,293|—|$147,293|

| MICHAEL BOOTH|Other Service Provider|$104,625|—|$104,625|

| SHARON BEAULIEU|Other Service Provider|$82,870|—|$82,870|

| LYNN ACETO|Other Service Provider|$75,563|—|$75,563|

| HM PAYSON|Other Service Provider|$67,722|—|$67,722|

| BERRY DUNN MCNEIL & PARKER LLC|Actuary|$65,188|—|$65,188|

| REBECCA MANGIN|Other Service Provider|$30,815|—|$30,815|

| WIPFLI|Auditor|$26,125|—|$26,125|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [VERRILL & DANA LLP](https://planprovider.pro/provider/verrill) — ERISA Attorney

- [WIPFLI](https://planprovider.pro/provider/wipfli-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $1,729,627

- **Estimated Expense Ratio:** 1.195% 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|$2,579,735|$67,722|$797,500|$26,125|—|

| 2023|$2,472,631|$60,458|$797,500|$26,175|—|

| 2022|$2,486,570|$53,098|$802,083|—|—|

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