Plan Snapshot
- Plan Sponsor: Maine Energy Marketers Association Health Insurance Trust
- Sponsor EIN: 016029907
- Sponsor Address: 25 GREENWOOD ROAD, BRUNSWICK, ME, 040110249
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 343
- Total Assets: $2.3M
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 | 343 | $2.3M | $0 | $0 |
| 2024 | 444 | $2.2M | $3.4M | $0 |
| 2023 | 791 | $2.0M | $3.1M | $0 |
| 2022 | 814 | $2.5M | $3.3M | $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 |
|---|---|---|---|---|
| DIVERSIFIED ADMINISTRATION CORP | Recordkeeper | $372,462 | — | $372,462 |
| MAINE ENERGY MARKETERS ASSOCIATION | Recordkeeper | $109,909 | — | $109,909 |
| WIPFLI LLP | Other Service Provider | $24,992 | — | $24,992 |
| BERNSTEIN SHUR | ERISA Attorney | $16,775 | — | $16,775 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $524,138
- Estimated Expense Ratio: 22.659% 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 | $3,263,602 | — | $359,462 | $24,992 | — |
| 2024 | $629,096 | $3,997 | $401,187 | $22,650 | — |
| 2023 | $600,939 | $4,501 | $398,215 | $21,250 | — |
| 2022 | $577,893 | $5,863 | $394,437 | — | — |