Maine Automobile Dealers Association Insurance Trust — Form 5500 plan (Maine Automobile Dealers Association, Inc. Insurance Trust)
Plain-English plan 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, Maine Automobile Dealers Association Insurance Trust is a benefit plan reported by Maine Automobile Dealers Association, Inc. Insurance Trust under EIN 01-0288347 and plan number 501. The latest loaded filing year is 2023. The filing reports 2,786 participants and $11,389,937 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Maine Automobile Dealers Association, Inc. Insurance Trust
- EIN
- 01-0288347
- Plan number
- 501
- Plan type
- 3
- Location
- Augusta, ME
- Latest filing year
- 2023
- Participants
- 2,786
- End-of-year plan assets
- $11,389,937
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 2,786 | H, C | 20250313130749NAL0012741907001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $11,389,937
- Total liabilities (EOY)
- $2,072,311
- Net assets (EOY)
- $9,317,626
- Net assets (BOY)
- $7,563,320
Income & contributions
- Employer contributions
- $32,887,829
- Participant contributions
- $152,175
- Total contributions
- $33,040,004
- Total income / additions
- $34,474,202
Expenses & distributions
- Benefits paid
- $30,735,844
- Administrative expenses
- $1,984,052
- Total expenses
- $32,719,896
- Net increase / (decrease)
- $1,754,306
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Anthem Health Plans Of Maine, Inc. | CLAIMS ADMINISTRATOR | $1,093,131 | $2,582,300 | 2023 |
| Maine Automobile Dealers Associatio | PARTY-IN-INTEREST | $139,973 | not reported in the loaded dataset | 2023 |
| Group Dynamic | SEC 125 CONTRACT ADMIN | $139,211 | not reported in the loaded dataset | 2023 |
| Rubenstein Actuarial Services LLC | ACTUARIAL | $46,000 | not reported in the loaded dataset | 2023 |
| Rm Davis | INVESTMENT ADVISOR | $44,635 | not reported in the loaded dataset | 2023 |
| Wipfli Llp | ACCOUNTANT | $26,800 | not reported in the loaded dataset | 2023 |
| Preti, Flaherty Beliveau & Pachios | LEGAL | $25,059 | not reported in the loaded dataset | 2023 |
| Richard Depatie | CONSULTANT | $18,000 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Maine Automobile Dealers Association, Inc. Insurance Trust
- 2023 Form 5500 filing
- Form 5500 filings in ME
- 401(k) and benefit plan filings in Augusta, ME
- Anthem Health Plans Of Maine, Inc. — Schedule C compensation
- Maine Automobile Dealers Associatio — Schedule C compensation
- Group Dynamic — Schedule C compensation
- Rubenstein Actuarial Services LLC — Schedule C compensation
- Rm Davis — Schedule C compensation
- Wipfli Llp — Schedule C compensation
- Preti, Flaherty Beliveau & Pachios — Schedule C compensation
- Richard Depatie — Schedule C compensation