Plan Ledger DOL Form 5500 · updated monthly

Southern Maryland Electric Cooperative, Incbenefits

Southern Maryland Electric Cooperative, Inc. Health & Welfare Plan · HUGHESVILLE, MD · plan year 2025

Broker compensation reported · 2025
$88,364

Southern Maryland Electric Cooperative, Inc's benefits plans covered 643 active participants in 2025, providing health · life · dental · vision · long-term disability · other. Insurance brokers and agents were paid $88,364 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $137 per covered person, below the median for employer plans that report broker pay. Broker pay fell 23% from $114,397 in 2024.

Insurance contracts · 20254
RENAISSANCE LIFE AND HEALTH INSURANCE COMPANY OF AMERICA · life ltdpremiums n/a · 522 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANYpremiums n/a · 131 covered
Brokers & agents paid · 20254
MANAGMENT COMPENSATION GROUP NFP$8,961 · incl $8,961 fees
NFP INSURANCE SERVICES$4,467 · incl $4,467 fees
NFP CORPORATE SERVICES (PA) INC$138 · incl $138 fees
Also brokered by The Meltzer Group5

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 520492367 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.