Defined Benefit (Pension) · DOL Form 5500 · 2022

Maine Medical Center Pension Plan

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

$697M
Total assets
2,933
Participants
97th
Percentile by assets

Sponsored by MAINEHEALTH · Maine · Healthcare & Social Assistance

What the 2022 filing shows

Maine Medical Center Pension Plan holds $697M for 2,933 participants - about $237,741 per participant, in the top 5% of all filed plans by assets, down 22.8% over the 2022 plan year.

$697M
total plan assets (2022 EOY)
2,933
covered participants
97th
percentile by assets (of 84,055 plans)
$237,741
avg assets per participant

The plan reported a net loss of $206M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$697M
Participants
2,933
State
Industry
Healthcare & Social Assistance

What the Filing Says About Maine Medical Center Pension Plan

Maine Medical Center Pension Plan is a Defined Benefit (Pension) retirement plan sponsored by MAINEHEALTH, headquartered in Maine. As of the 2022 Form 5500 filing, the plan reports $697M in total end-of-year assets and covers 2,933 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 010238552, and the plan has been effective since 1962-06-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $903M at the beginning of 2022 to $697M at year-end - a decline of 22.8%. Net assets (after liabilities) closed the year at $697M, with reported net income of $-206,030,986 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)$903M
Total Assets (End of Year)$697M
Net Assets (End of Year)$697M
Net Income$-206,030,986
Plan TypeDefined Benefit (Pension)
Employer EIN010238552
Plan Effective Date1962-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (MAINEHEALTH)

Year Plans Participants Total Assets
2022 1 2,933 $697M
2023 1 2,679 $764M
2024 1 2,484 $795M

Nearby Defined Benefit (Pension) Plans in Maine

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Frequently Asked Questions

How much money is in the Maine Medical Center Pension Plan?
As of the 2022 Form 5500 filing, Maine Medical Center Pension Plan holds $697M in total assets with 2,933 participants. It is sponsored by MAINEHEALTH.
What type of plan is Maine Medical Center Pension Plan?
Maine Medical Center Pension Plan is a Defined Benefit (Pension) plan. It has been effective since 1962-06-01. The plan is filed with the U.S. Department of Labor under EIN 010238552.
Who sponsors the Maine Medical Center Pension Plan?
Maine Medical Center Pension Plan is sponsored by MAINEHEALTH, located in Maine. The sponsor's EIN is 010238552 and the plan operates in the Healthcare & Social Assistance industry.
How did Maine Medical Center Pension Plan perform in 2022?
Maine Medical Center Pension Plan declined by 22.8% during 2022, moving from $903M to $697M in total assets. Net income was $-206,030,986.
Where can I find official filings for Maine Medical Center Pension Plan?
Official Form 5500 filings for Maine Medical Center Pension Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 010238552 or plan name at efast.dol.gov.
How does Maine Medical Center Pension Plan compare to other plans?
You can compare Maine Medical Center Pension Plan against other Defined Benefit (Pension) 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 010238552.

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.