Plan Snapshot
- Plan Sponsor: Sandy Spring Bancorp INC.
- Sponsor EIN: 521532952
- Sponsor Address: 17801 GEORGIA AVE., OLNEY, MD, 208322233
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,113
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,113 | $0 | $0 | $0 |
| 2023 | 1,070 | $0 | $0 | $0 |
| 2022 | 1,095 | $0 | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CAREFIRST ADMINISTRATORS | Recordkeeper | $315,643 | — | $315,643 |
| HILB GROUP OF MARYLAND | Investment Advisor | $165,771 | — | $165,771 |
| VISION SERVICE PLAN | Recordkeeper | $34,009 | — | $34,009 |
| MDLIVE INC | Other Service Provider | $6,436 | — | $6,436 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $521,859
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | — | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |