Plan Snapshot
- Plan Sponsor: Maine State Troopers Association Attn. President
- Sponsor EIN: 010343289
- Sponsor Address: P.O. BOX 732, GRAY, ME, 04039
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 330
- Total Assets: $714,029
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 | 330 | $714,029 | $0 | $135,234 |
| 2023 | 328 | $688,154 | $0 | $124,848 |
| 2022 | 335 | $681,804 | $0 | $127,926 |
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 |
|---|---|---|---|---|
| RUNYON KERSTEEN OUELLETTE | Other Service Provider | $14,160 | — | $14,160 |
| EATON PEABODY | Other Service Provider | $14,135 | — | $14,135 |
| HEALTH PLANS, INC. | Other Service Provider | $7,441 | — | $7,441 |
| VARNEY BENEFITS ADVISORS | Other Service Provider | $6,050 | — | $6,050 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,786
- Estimated Expense Ratio: 5.852% 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 | $43,623 | $1,837 | — | $14,160 | — |
| 2023 | $47,599 | $1,821 | — | $12,900 | — |
| 2022 | $46,661 | $1,679 | — | — | $30,845 |