2023 Form 5500 filing — Maine Automobile Dealers Association Insurance Trust
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20250313130749NAL0012741907001) for Maine Automobile Dealers Association Insurance Trust, reported by Maine Automobile Dealers Association, Inc. Insurance Trust under EIN 01-0288347 and plan number 501. It reports 2,786 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250313130749NAL0012741907001
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- Maine Automobile Dealers Association, Inc. Insurance Trust
- EIN
- 01-0288347
- Plan number
- 501
- Location
- Augusta, ME
- Participants
- 2,786
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $11,389,937
- Total liabilities (EOY)
- $2,072,311
- Net assets (EOY)
- $9,317,626
- Employer contributions
- $32,887,829
- Participant contributions
- $152,175
- Total income / additions
- $34,474,202
- Benefits paid
- $30,735,844
- Administrative expenses
- $1,984,052
- Total expenses
- $32,719,896
- Net increase / (decrease)
- $1,754,306
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Anthem Health Plans Of Maine, Inc. | CLAIMS ADMINISTRATOR | $1,093,131 | $2,582,300 |
| Maine Automobile Dealers Associatio | PARTY-IN-INTEREST | $139,973 | not reported in the loaded dataset |
| Group Dynamic | SEC 125 CONTRACT ADMIN | $139,211 | not reported in the loaded dataset |
| Rubenstein Actuarial Services LLC | ACTUARIAL | $46,000 | not reported in the loaded dataset |
| Rm Davis | INVESTMENT ADVISOR | $44,635 | not reported in the loaded dataset |
| Wipfli Llp | ACCOUNTANT | $26,800 | not reported in the loaded dataset |
| Preti, Flaherty Beliveau & Pachios | LEGAL | $25,059 | not reported in the loaded dataset |
| Richard Depatie | CONSULTANT | $18,000 | not reported in the loaded dataset |