Maine Automobile Dealers Association, Inc. Insurance Trust
Updated Filing received by DOL
Maine Automobile Dealers Association, Inc. Insurance Trust, a finance & insurance employer in Augusta, Maine, reported 2,762 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $450,610 in insurance premiums across 5 contracts and no broker compensation. The plan is self-funded (the employer pays claims itself, with stop-loss coverage from Anthem Health Plans of Maine, Inc.). The Department of Labor received the filing on March 12, 2026, within the extension window.
Insurance contracts and carriers
Every insurance contract reported on Schedule A: carrier, what it covers, people covered at year end, earned premium, and broker compensation.
| Carrier · coverage | Covered | Premium | Broker pay | Rate |
|---|---|---|---|---|
| Prudential Insurance Company of Americashort-term disability | 2,191 | $372,162 | — | — |
| Prudential Insurance Company of Americalife | 2,191 | $78,448 | — | — |
| Prudential Insurance Company of Americalife | 1,378 | — | — | — |
| Prudential Insurance Company of Americalife | 2,191 | — | — | — |
| Anthem Health Plans of Maine, Inc.dental, vision, stop-loss | 2,849 | — | — | — |
Source: DOL Form 5500 Schedule A, plan year 2024. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Maine Automobile Dealers Association, Inc. Insurance Trust compares
Medians across employers for plan year 2024, the most recent complete year. Commission rates use fully insured medical contracts only; dollar medians use every employer that disclosed broker pay.
Not computable: no insured medical premium on the filing.
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 2,786 | 2,762 | −0.9% |
| Premiums filed | $451,526 | $450,610 | −0.2% |
| Broker commissions + fees | $0 | $0 | — |
| Commission rate | — | — | — |
Source: DOL Form 5500 filings for plan years 2023 and 2024.
Filings and timeliness
Plans this employer filed under its EIN with a health benefit code. Large plans are due seven months after the plan year ends, or two and a half months later with an extension; amended filings carry the amendment date, so no timing is asserted for them.
| Plan | Plan year end | Received by DOL | Timing | Participants |
|---|---|---|---|---|
| Maine Automobile Dealers Association Insurance Trust#501 · insurance, trust | May 31, 2025 | March 12, 2026 | within extension | 2,762 |
Source: DOL Form 5500 Part I and signature dates; "late" means received after the extended deadline (the 15th day of the tenth month after plan year end). What a late Form 5500 costs.
How much did Maine Automobile Dealers Association, Inc. Insurance Trust pay in health insurance broker commissions in 2024?
Maine Automobile Dealers Association, Inc. Insurance Trust's 2024 Form 5500 reports no broker commissions or fees on Schedule A. Self-funded plans often pay consultants directly, which the public filing does not always capture.
Is Maine Automobile Dealers Association, Inc. Insurance Trust's health plan self-funded or fully insured?
The 2024 filing indicates the plan is self-funded (the employer pays claims itself, with stop-loss coverage from Anthem Health Plans of Maine, Inc.).
How does Maine Automobile Dealers Association, Inc. Insurance Trust's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Maine Automobile Dealers Association, Inc. Insurance Trust because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 1,000-4,999 participants that disclosed broker pay reported a median of $168,579.
Send the full findings to your inbox.
A specialist writes up every finding for Maine Automobile Dealers Association, Inc. Insurance Trust with the methodology and public-source citations, in a form you can forward to your CFO or counsel. Tick the box if you also want a 15-minute walkthrough call.
We don't sell your email. By submitting, you agree that BenefitsLedger and its benefits advisory partner, WellthCare, may email or call you about these findings. Opt out anytime by replying. See our privacy policy.
Record built October 24, 2026 from U.S. Department of Labor, EBSA Form 5500 datasets (2025, 2024, 2023 plan years, 'Latest' files). Filings can run 7 to 10 months behind the plan year; always confirm against current plan documents. BenefitsLedger is not affiliated with the U.S. Department of Labor. Open the DOL filing search.