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EMPLOYEE BENEFIT PLAN OF MAINE ASSOCIATION FOR COMMUNITY SERVICE PROVIDERS 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF MAINE ASSOCIATION FOR COMMUNITY SERVICE PROVIDERS
Plan identification number 001

EMPLOYEE BENEFIT PLAN OF MAINE ASSOCIATION FOR COMMUNITY SERVICE PROVIDERS Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

MAINE ASSOCIATION FOR COMMUNITY SERVICE PROVIDERS has sponsored the creation of one or more 401k plans.

Company Name:MAINE ASSOCIATION FOR COMMUNITY SERVICE PROVIDERS
Employer identification number (EIN):010382070
NAIC Classification:624200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF MAINE ASSOCIATION FOR COMMUNITY SERVICE PROVIDERS

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-07-01
0012021-07-01
0012020-07-01LAURA CORDES2022-04-14

Plan Statistics for EMPLOYEE BENEFIT PLAN OF MAINE ASSOCIATION FOR COMMUNITY SERVICE PROVIDERS

401k plan membership statisitcs for EMPLOYEE BENEFIT PLAN OF MAINE ASSOCIATION FOR COMMUNITY SERVICE PROVIDERS

Measure Date Value
2021: EMPLOYEE BENEFIT PLAN OF MAINE ASSOCIATION FOR COMMUNITY SERVICE PROVIDERS 2021 401k membership
Total participants, beginning-of-year2021-07-01478
Total number of active participants reported on line 7a of the Form 55002021-07-01410
Number of retired or separated participants receiving benefits2021-07-010
Number of other retired or separated participants entitled to future benefits2021-07-0156
Total of all active and inactive participants2021-07-01466
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-07-010
Total participants2021-07-01466
Number of participants with account balances2021-07-01457
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-07-0123

Financial Data on EMPLOYEE BENEFIT PLAN OF MAINE ASSOCIATION FOR COMMUNITY SERVICE PROVIDERS

Measure Date Value
2022 : EMPLOYEE BENEFIT PLAN OF MAINE ASSOCIATION FOR COMMUNITY SERVICE PROVIDERS 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-06-30$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-06-30$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-06-30$0
Total income from all sources (including contributions)2022-06-30$755,698
Total loss/gain on sale of assets2022-06-30$0
Total of all expenses incurred2022-06-30$25,201
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-06-30$23,662
Expenses. Certain deemed distributions of participant loans2022-06-30$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-06-30$1,022,675
Value of total assets at end of year2022-06-30$2,272,380
Value of total assets at beginning of year2022-06-30$1,541,883
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-06-30$1,539
Total interest from all sources2022-06-30$8,510
Total dividends received (eg from common stock, registered investment company shares)2022-06-30$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-06-30No
Was this plan covered by a fidelity bond2022-06-30Yes
Value of fidelity bond cover2022-06-30$500,000
If this is an individual account plan, was there a blackout period2022-06-30No
Were there any nonexempt tranactions with any party-in-interest2022-06-30No
Contributions received from participants2022-06-30$521,906
Participant contributions at end of year2022-06-30$15,091
Participant contributions at beginning of year2022-06-30$16,496
Income. Received or receivable in cash from other sources (including rollovers)2022-06-30$369,187
Other income not declared elsewhere2022-06-30$0
Administrative expenses (other) incurred2022-06-30$1,539
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-06-30No
Value of net income/loss2022-06-30$730,497
Value of net assets at end of year (total assets less liabilities)2022-06-30$2,272,380
Value of net assets at beginning of year (total assets less liabilities)2022-06-30$1,541,883
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-06-30No
Were any loans by the plan or fixed income obligations due to the plan in default2022-06-30No
Were any leases to which the plan was party in default or uncollectible2022-06-30No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-06-30$1,733,686
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-06-30$999,585
Interest on participant loans2022-06-30$1,061
Interest earned on other investments2022-06-30$7,449
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-06-30$523,603
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-06-30$525,802
Expenses. Payments to insurance carriers foe the provision of benefits2022-06-30$0
Net investment gain/loss from pooled separate accounts2022-06-30$-275,487
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-06-30No
Was there a failure to transmit to the plan any participant contributions2022-06-30No
Has the plan failed to provide any benefit when due under the plan2022-06-30No
Contributions received in cash from employer2022-06-30$131,582
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-06-30$23,662
Did the plan have assets held for investment2022-06-30Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-06-30No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-06-30No
Opinion of an independent qualified public accountant for this plan2022-06-30Disclaimer
Accountancy firm name2022-06-30LEONE MCDONNELL AND ROBERTS P.A.
Accountancy firm EIN2022-06-30020417217

Form 5500 Responses for EMPLOYEE BENEFIT PLAN OF MAINE ASSOCIATION FOR COMMUNITY SERVICE PROVIDERS

2021: EMPLOYEE BENEFIT PLAN OF MAINE ASSOCIATION FOR COMMUNITY SERVICE PROVIDERS 2021 form 5500 responses
2021-07-01Type of plan entityMulitple employer plan
2021-07-01Submission has been amendedYes
2021-07-01This submission is the final filingNo
2021-07-01This return/report is a short plan year return/report (less than 12 months)No
2021-07-01Plan is a collectively bargained planNo
2021-07-01Plan funding arrangement – InsuranceYes
2021-07-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

MUTUAL OF AMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88668 )
Policy contract number062280A
Policy instance 1
Insurance contract or identification number062280A
Number of Individuals Covered466
Insurance policy start date2021-07-01
Insurance policy end date2022-06-30
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $5
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees5
Additional information about fees paid to insurance brokerPORTION OF INCENTIVE COMP. PROGRAM
Insurance broker organization code?3

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