# Southern Maryland Electric Coop. 401(k) Plan
Source: https://planprovider.pro/companies/southern-maryland-electric-coop-plan

> Southern Maryland Electric Coop.'s 401(k) plan: 312 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Southern Maryland Electric Coop.

- **Sponsor EIN:** 520492367

- **Sponsor Address:** 15035 BURNT STORE RD, HUGHESVILLE, MD, 20637

- **Plan Type:** 401(k)

- **Total Participants:** 312

- **Total Assets:** $70.3M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|312|$70.3M|$2.6M|$2.6M|

| 2023|313|$63.8M|$2.1M|$2.4M|

| 2022|293|$54.6M|$2.1M|$2.2M|

## 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|

| ADAMS, JENKINS & CHEATHAM.P.C|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### 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|$98,195|$40,000|$9,596|—|—|

| 2023|$77,757|$40,000|$37,182|—|—|

| 2022|$124,571|$19,167|$85,459|—|$15,530|

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