Plan Snapshot
- Plan Sponsor: Maine Employers' Mutual Insurance Company
- Sponsor EIN: 010476508
- Sponsor Address: 261 COMMERCIAL ST., PORTLAND, ME, 04101
- Plan Type: 401(k)
- Total Participants: 499
- Total Assets: $146.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 499 | $146.4M | $8.0M | $4.2M |
| 2023 | 465 | $127.0M | $7.4M | $3.9M |
| 2022 | 489 | $107.8M | $7.0M | $3.7M |
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 |
|---|---|---|---|---|
| BDMP ASSURANCE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDMP ASSURANCE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | -$25,613 | $43,501 | — | — | — |
| 2023 | -$28,948 | $49,343 | — | — | — |
| 2022 | -$17,547 | $45,577 | — | — | — |