Plan Snapshot
- Plan Sponsor: Mainehealth
- Sponsor EIN: 010238552
- Sponsor Address: 110 FREE STREET, PORTLAND, ME, 04102
- Plan Type: DB
- Total Participants: 2,332
- Total Assets: $795.0M
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 | 2,332 | $795.0M | $40.0M | $0 |
| 2023 | 2,484 | $763.9M | $40.0M | $0 |
| 2022 | 2,679 | $697.3M | $39.6M | $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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $1,264,489 | — | $1,264,489 |
| BANK OF NEW YORK MELLON | Other Service Provider | $384,739 | — | $384,739 |
| INCOME RESEARCH MANAGEMENT | Other Service Provider | $140,157 | — | $140,157 |
| ARROWSTREET CAPITAL | Other Service Provider | $120,673 | — | $120,673 |
| MARATHON ASSET MANAGEMENT LLP | Other Service Provider | $118,873 | — | $118,873 |
| 1607 CAPITAL PARTNERS | Other Service Provider | $105,118 | — | $105,118 |
| STATE STREET GLOBAL ADVISORS | Other Service Provider | $77,983 | — | $77,983 |
| BURGUNDY ASSET MANAGEMENT | Other Service Provider | $57,021 | — | $57,021 |
| BAKER NEWMAN NOYES LLC | Other Service Provider | $29,100 | — | $29,100 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,298,153
- Estimated Expense Ratio: 0.289% 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 | $7,432,215 | $542,798 | — | $29,100 | — |
| 2023 | $7,286,881 | $1,077,123 | $512,832 | $27,750 | — |
| 2022 | $7,118,921 | $1,384,313 | — | — | $854,589 |