Plan Snapshot
- Plan Sponsor: Maine State Credit Union
- Sponsor EIN: 010196194
- Sponsor Address: PO BOX 5659, AUGUSTA, ME, 043325659
- Plan Type: 401(k)
- Total Participants: 126
- Total Assets: $6.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 126 | $6.7M | $395,287 | $615,651 |
| 2023 | 119 | $5.5M | $298,543 | $540,325 |
| 2022 | 135 | $4.2M | $177,668 | $432,107 |
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 |
|---|---|---|---|---|
| WIPFLI LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WIPFLI 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 | $20,177 | $6,109 | $12,235 | — | — |
| 2023 | $15,125 | $4,625 | $9,112 | — | — |
| 2022 | — | — | — | — | — |