Retirement plan

MAINE CREDIT UNION LEAGUE CAPITAL ACCUMULATION PLAN

Name: MAINE CREDIT UNION LEAGUE - MAINE CREDIT UNION LEAGUE CAPITAL ACCUMULATION PLAN (2021) Form 5500
Creator: MAINE CREDIT UNION LEAGUE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAINE CREDIT UNION LEAGUE CAPITAL ACCUMULATION PLAN, MAINE CREDIT UNION LEAGUE

MAINE CREDIT UNION LEAGUEEIN 01-0248224Plan #033PY 2021

PO BOX 1236 - PORTLAND, ME 041041236207-773-5671mainecul.orgLinkedIn1-10 employeesnon-profit organization management

Prospect flagsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed August 5, 2025

Plan administrator

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2 Ledgeview Drive

Westbrook, ME 04092

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Plans declared (1)

Elise Baldacci1 emp

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Total assets (EOY)

$33.6M

+18.9% from 2020

Total participants

224

-1.3% from 2020

Average account balance

$150,109

+17.3% from 2020

Annual return

14.35%

-25.73 pp from 2020

Benchmarks

See 2,179 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,179 peers

Snapshot2021

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$34.82M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$136K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

256

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.88%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$320

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
CMFG LIFE INSURANCE COMPANY7+ years Service code 15 · EIN 39-0230590	Recordkeeping	$75,465

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$78K

$471 / participant

Contract admin$75K97.1%
Other / not subdivided$2K2.9%

% of EOY assets

0.231%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$150,109

$121,341+23.7%

$189,545-20.8%

$79,389+89.1%

Participation rate

100.0%

86.1%+13.9pp

87.8%+12.2pp

70.7%+29.3pp

Annual return

14.35%

21.08%-6.7pp

555.36%-541.0pp

116.89%-102.5pp

Employer contribution / active EE

$2,220

$3,915-43.3%

$6,162-64.0%

$2,428-8.6%

Participant deferral / active EE

$8,143

$6,395+27.3%

$8,220-0.9%

$4,046+101.3%

Admin fee / account holder

$347

$651-46.7%

$12,049-97.1%

$626-44.6%

Provider

Service type

Compensation

CMFG LIFE INSURANCE COMPANY7+ years

Service code 15 · EIN 39-0230590

Recordkeeping

$75,465

MAINE CREDIT UNION LEAGUE CAPITAL ACCUMULATION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAINE CREDIT UNION LEAGUE CAPITAL ACCUMULATION PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion