Maine Credit Union League Insurance Trust Employee Benefit Plan — Form 5500 plan (Maine Credit Union League 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 Credit Union League Insurance Trust Employee Benefit Plan is a benefit plan reported by Maine Credit Union League Insurance Trust under EIN 83-6759671 and plan number 501. The latest loaded filing year is 2023. The filing reports 1,151 participants and $1,892,469 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Maine Credit Union League Insurance Trust
- EIN
- 83-6759671
- Plan number
- 501
- Plan type
- 3
- Location
- Westbrook, ME
- Latest filing year
- 2023
- Participants
- 1,151
- End-of-year plan assets
- $1,892,469
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,151 | H, C | 20241009125535NAL0019210673001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $1,892,469
- Total liabilities (EOY)
- $739,318
- Net assets (EOY)
- $1,153,151
- Net assets (BOY)
- $212,265
Income & contributions
- Employer contributions
- $8,432,211
- Total contributions
- $8,432,211
- Total income / additions
- $8,514,272
Expenses & distributions
- Benefits paid
- $6,563,343
- Administrative expenses
- $1,010,043
- Total expenses
- $7,573,386
- Net increase / (decrease)
- $940,886
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Anthem Health Plans Of Maine, Inc. | CLAIMS ADMINISTRATOR | $204,470 | $649,102 | 2023 |
| Credit Union Insurance Solutions | INSURANCE AGENT | $227,001 | not reported in the loaded dataset | 2023 |
| Woodrow W. Cross Agency | INSURANCE AGENT | $91,300 | not reported in the loaded dataset | 2023 |
| Bernstein Shur Sawyer & Nelson P.A. | LEGAL CONSULTANT | $67,205 | not reported in the loaded dataset | 2023 |
| Smartshopper | CONTRACT ADMINISTRATOR | $54,393 | not reported in the loaded dataset | 2023 |
| Rubenstein Actuarial Services, LLC | ACTUARY | $32,000 | not reported in the loaded dataset | 2023 |
| Wipfli Llp | ACCOUNTANT | $30,025 | not reported in the loaded dataset | 2023 |
| Brown & Brown Of Massachusetts, LLC | CONSULTANT | $14,475 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Maine Credit Union League Insurance Trust
- 2023 Form 5500 filing
- Form 5500 filings in ME
- 401(k) and benefit plan filings in Westbrook, ME
- Anthem Health Plans Of Maine, Inc. — Schedule C compensation
- Credit Union Insurance Solutions — Schedule C compensation
- Woodrow W. Cross Agency — Schedule C compensation
- Bernstein Shur Sawyer & Nelson P.A. — Schedule C compensation
- Smartshopper — Schedule C compensation
- Rubenstein Actuarial Services, LLC — Schedule C compensation
- Wipfli Llp — Schedule C compensation
- Brown & Brown Of Massachusetts, LLC — Schedule C compensation