Southern Maryland Electric Coop.401(k)
SOUTHERN MARYLAND ELECTRIC COOPERATIVE, INC MANAGEMENT EMPLOYEES' 401(K) PLAN · HUGHESVILLE, MD · plan year 2024
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Southern Maryland Electric Coop. reported $131,395 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $17,174 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio fell from 0.20% to 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other utilities employers. By assets it is the 137th-largest of 1,671 plans among Maryland employers on file, and the 120th of 412 in utilities. In 2024, the employer put in $1.28 for every $1.00 employees contributed themselves.
Southern Maryland Electric Coop.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
This plan has changed recordkeepers within these filings. If you left Southern Maryland Electric Coop. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
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Source: U.S. Department of Labor, Form 5500 series, EIN 520492367 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.