Form 5500 · Employee benefit plan · SOUTH PARIS, ME
MAINE MACHINE PRODUCTS COMPANY
The filing calls this plan PRECINMAC CONSOLIDATED WELFARE BENEFIT PLAN.
MAINE MACHINE PRODUCTS COMPANY of SOUTH PARIS, ME insures health, dental, vision, life and disability coverage for its employees, per Schedule A of its Form 5500. Its broker of record is CRONIN, GERVINO & WARLICK, INC.. Coverage is written through STANDARD INSURANCE COMPANY. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 01-0248761 · plan 505 · plan year 2023, filed Jun 17, 2024
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271 other employer plans in Maine have policy years ending in December. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.
How this plan is funded
Funding not settled by the filing
The filing does not report enough to settle how this plan pays for benefits.
Benefits declared on this filing
Also declared: death benefits.
Declared benefits are the plan’s own line 8b codes on Form 5500. “Not on Schedule A” means no insured contract for that line appears on this filing. That usually means the benefit is self-funded, or it sits under a different plan number.
Persons covered is the count the carrier filed for that policy at the end of its policy year, and it can include dependents. Participants is the plan's own count at the start of its plan year. The two count different people, so a covered figure can be larger.
Plan brief
Schedule A lists 1 insured contract covering health, dental, vision, life and disability; the largest, with STANDARD INSURANCE COMPANY, covers 2,075 people.
Reported premium across the insured contracts is $2,801,084, with $286,785 in disclosed broker commissions — about 10% of premium.
The most recent policy period ended in December, and the plan year ends December 31. Group contracts typically renew on that annual cycle.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| STANDARD INSURANCE COMPANY | Health, Dental, Vision, Life, Disability | 2,075 | Jan 1, 2024 | $2,801,084 | $286,785 |
Premium and claims on this contract
STANDARD INSURANCE COMPANY, contract 759364. For the contract year on this filing, the carrier reported $2,801,084 in premium earned and $3,055,070 in claims incurred. Dividing one by the other gives 109%.
- STANDARD INSURANCE COMPANY, contract 759364 reported $1,074,633 in retention.
Retention is what the carrier kept of the premium after claims, as reported: administration, commissions and other charges.
Only experience-rated contracts report these figures, so most filings leave them blank.
Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.
Administrator and service providers
The plan administrator is from line 3a of the main form. We publish company names only.
How this plan compares
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Renewal calendar
271 other employer plans in Maine are January 1 renewals (policy year ends December).
Their policy years end in December, like this plan’s, so most renew January 1. The calendar lists every insured group by renewal date and state, with broker of record, carrier and disclosed commission. You can preview the five largest in each month for free.
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