Plan Snapshot
- Plan Sponsor: Mainegeneral Health
- Sponsor EIN: 043369649
- Sponsor Address: 10 WATER STREET, SUITE 301, WATERVILLE, ME, 049016566
- Plan Type: 403(b)
- Total Participants: 4,879
- Total Assets: $414.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 4,879 | $414.4M | $4.4M | $20.6M |
| 2023 | 4,716 | $371.7M | $4.0M | $18.9M |
| 2022 | 4,569 | $325.4M | $3.7M | $17.7M |
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 |
|---|---|---|---|---|
| BAKER NEWMAN & NOYES LLC | Auditor | $15,750 | — | $15,750 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,750
- Estimated Expense Ratio: 0.004% 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 | $250,132 | $37,440 | $185,639 | $15,750 | — |
| 2023 | $244,792 | $50,370 | $179,422 | $15,000 | — |
| 2022 | $246,941 | $81,027 | $165,914 | — | — |