Plan Snapshot
- Plan Sponsor: Mainehealth Services
- Sponsor EIN: 010431680
- Sponsor Address: 110 FREE STREET, PORTLAND, ME, 041013908
- Plan Type: 403(b)
- Total Participants: 23,826
- Total Assets: $2.5B
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 | 23,826 | $2.5B | $75.7M | $149.6M |
| 2023 | 22,814 | $2.1B | $66.9M | $133.3M |
| 2022 | 22,006 | $1.8B | $52.3M | $117.0M |
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 | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER NEWMAN & NOYES — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $1,898,192 | $156,350 | $1,741,842 | — | — |
| 2023 | $1,742,911 | $95,750 | $1,585,061 | — | — |
| 2022 | $1,654,764 | $95,000 | $1,559,764 | — | — |