Plan Snapshot
- Plan Sponsor: Mainehealth Services
- Sponsor EIN: 010431680
- Sponsor Address: 110 FREE STREET, PORTLAND, ME, 04101
- Plan Type: 401(k)
- Plan Number: 510
- Total Participants: 20,452
- Total Assets: $0
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 | 20,452 | $0 | $0 | $0 |
| 2023 | 19,410 | $0 | $0 | $0 |
| 2022 | 18,831 | $0 | $0 | $0 |
| 2020 | 17,306 | $0 | $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 |
|---|---|---|---|---|
| AETNA LIFE INSURANCE COMPANY | Other Service Provider | $7,466,922 | — | $7,466,922 |
| DELTA DENTAL PLAN OF MAINE | Other Service Provider | $896,805 | — | $896,805 |
| UNUM LIFE INSURANCE CO OF AMERICA | Recordkeeper | $836,099 | — | $836,099 |
| AETNA BEHAVIORAL HEALTH, LLC | Recordkeeper | $580,502 | — | $580,502 |
| HEALTHEQUITY, INC. | Recordkeeper | — | $77,810 | $77,810 |
| CROSS BENEFIT SOLUTIONS - DENTAL | Investment Advisor | $71,452 | — | $71,452 |
| AMERICAN BENEFITS COMP SYSTEMS INC | Investment Advisor | — | $57,748 | $57,748 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,987,338
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 | — | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |
| 2020 | — | — | — | — | — |