Plan Snapshot
- Plan Sponsor: Maine Public
- Sponsor EIN: 223171529
- Sponsor Address: 1450 LISBON STREET, LEWISTON, ME, 042403595
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 276
- Total Assets: $31.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 276 | $31.9M | $0 | $0 |
| 2024 | 114 | $28.0M | $455,728 | $652,864 |
| 2023 | 103 | $25.2M | $434,954 | $616,140 |
| 2022 | 103 | $22.1M | $407,704 | $585,320 |
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 |
|---|---|---|---|---|
| TIAA-TEACHERS INS AND ANNUITY ASSOC | Other Service Provider | $41,227 | — | $41,227 |
| HEALEY AND ASSOCIATES, INC | Other Service Provider | $13,011 | — | $13,011 |
| M EMPLOYEE BENEFITS, INC. | Other Service Provider | $11,616 | — | $11,616 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,854
- Estimated Expense Ratio: 0.207% 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 | $1,317,824 | — | $69,354 | $88 | — |
| 2024 | $66,645 | — | $66,645 | — | — |
| 2023 | $81,878 | — | $81,878 | — | — |
| 2022 | $34,560 | — | $34,560 | — | — |