Profit Sharing · DOL Form 5500 · 2022

Mainehealth 403(b) Retirement Plan

ERISA Form 5500 plan record drawn from DOL EBSA, verify with linked source filings below.

$1.8B
Total assets
21,547
Participants
99th
Percentile by assets

Sponsored by Mainehealth Services · Maine · Healthcare & Social Assistance

What the 2022 filing shows

Mainehealth 403(b) Retirement Plan holds $1.8B for 21,547 participants - about $82,576 per participant, among the largest 1% of all filed plans, down 10.7% over the 2022 plan year.

$1.8B
total plan assets (2022 EOY)
21,547
covered participants
99th
percentile by assets (of 84,055 plans)
$82,576
avg assets per participant

The plan reported a net loss of $213M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$1.8B
Participants
21,547
State
Industry
Healthcare & Social Assistance

What the Filing Says About Mainehealth 403(b) Retirement Plan

Mainehealth 403(b) Retirement Plan is a Profit Sharing retirement plan sponsored by Mainehealth Services, headquartered in Maine. As of the 2022 Form 5500 filing, the plan reports $1.8B in total end-of-year assets and covers 21,547 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 010431680, and the plan has been effective since 2000-10-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $2.0B at the beginning of 2022 to $1.8B at year-end - a decline of 10.7%. Net assets (after liabilities) closed the year at $1.8B, with reported net income of $-212,598,863 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$2.0B
Total Assets (End of Year)$1.8B
Net Assets (End of Year)$1.8B
Net Income$-212,598,863
Plan TypeProfit Sharing
Employer EIN010431680
Plan Effective Date2000-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mainehealth Services)

Year Plans Participants Total Assets
2022 2 22,323 $1.8B
2023 2 22,744 $2.2B
2024 2 23,403 $2.5B

Nearby Profit Sharing Plans in Maine

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Frequently Asked Questions

How much money is in the Mainehealth 403(b) Retirement Plan?
As of the 2022 Form 5500 filing, Mainehealth 403(b) Retirement Plan holds $1.8B in total assets with 21,547 participants. It is sponsored by Mainehealth Services.
What type of plan is Mainehealth 403(b) Retirement Plan?
Mainehealth 403(b) Retirement Plan is a Profit Sharing plan. It has been effective since 2000-10-01. The plan is filed with the U.S. Department of Labor under EIN 010431680.
Who sponsors the Mainehealth 403(b) Retirement Plan?
Mainehealth 403(b) Retirement Plan is sponsored by Mainehealth Services, located in Maine. The sponsor's EIN is 010431680 and the plan operates in the Healthcare & Social Assistance industry.
How did Mainehealth 403(b) Retirement Plan perform in 2022?
Mainehealth 403(b) Retirement Plan declined by 10.7% during 2022, moving from $2.0B to $1.8B in total assets. Net income was $-212,598,863.
Where can I find official filings for Mainehealth 403(b) Retirement Plan?
Official Form 5500 filings for Mainehealth 403(b) Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 010431680 or plan name at efast.dol.gov.
How does Mainehealth 403(b) Retirement Plan compare to other plans?
You can compare Mainehealth 403(b) Retirement Plan against other Profit Sharing plans on the plan type page, or view plans in Maine on the state page. PlainRetire tracks all 402,674 ERISA-covered retirement plans in the U.S. that filed a Form 5500 for the 2023 plan year.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 010431680.

Reference: IRS Publication 560, Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B, Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.