Plan Snapshot
- Plan Sponsor: Mainegeneral Health
- Sponsor EIN: 043369649
- Sponsor Address: 35 MEDICAL CENTER PARKWAY, AUGUSTA, ME, 04330
- Plan Type: DB
- Total Participants: 467
- Total Assets: $99.4M
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 | 467 | $99.4M | $1.8M | $0 |
| 2023 | 562 | $101.1M | $2.3M | $0 |
| 2022 | 596 | $97.3M | $0 | $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 |
|---|---|---|---|---|
| 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: 0.016% 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 | $1,243,749 | $232,858 | — | $15,750 | — |
| 2023 | $1,422,047 | $79,872 | $97,092 | $15,000 | — |
| 2022 | $1,488,434 | $137,190 | $167,648 | — | $64,324 |