Plan Snapshot
- Plan Sponsor: Southern Maryland Electric Cooperative
- Sponsor EIN: 520492367
- Sponsor Address: 15035 BURNT STORE RD, HUGHESVILLE, MD, 20637
- Plan Type: DC
- Total Participants: 238
- Total Assets: $129.0M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 238 | $129.0M | $4.1M | $3.2M |
| 2023 | 236 | $115.4M | $3.9M | $3.1M |
| 2022 | 228 | $101.5M | $3.6M | $3.0M |
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 | $131,395 | $40,000 | $17,376 | — | — |
| 2023 | $104,562 | $40,000 | $64,212 | — | — |
| 2022 | $207,893 | $31,667 | $156,431 | — | $15,530 |