401(k) · DOL Form 5500 · 2023

Southern Maryland Electric Coop. 401(k) Plan

Data updated 2026-08-11

$64M
Total assets
293
Participants
88th
Percentile by assets
$217,783
Avg per participant
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Official DOL plan name: Southern Maryland Electric Cooperative, Inc. · Sponsored by Southern Maryland Electric Coop. · Maryland · Utilities

$64M in assets, 293 participants

Southern Maryland Electric Coop.'s Southern Maryland Electric Cooperative, Inc. reported $64M in total assets and 293 participants in its 2023 DOL Form 5500 filing, ranking in the 88th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 88th percentile by assets (of 127,072 plans)
  • #408 in Utilities (721 peers)

Coverage in Maryland

Southern Maryland Electric Cooperative, Inc. covers 293 participants in Maryland, about 32% of the average Maryland filer (state average ~929 per filing). Assets: $64M.

$64M
total plan assets (2023 EOY)
293
covered participants
88th
percentile by assets (of 127,072 plans)
$217,783
avg assets per participant

Where Southern Maryland Electric Cooperative, Inc. sits by total assets

Southern Maryland Electric Cooperative, Inc. vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$63,810,383 Top 12% higher than 88% of 127,068 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Southern Maryland Electric Cooperative, Inc. reported net income rose from -$5M in the plan year 2022 filing to $10M in the plan year 2023 filing.
  • Southern Maryland Electric Cooperative, Inc. end-of-year assets rose from $55M in the plan year 2022 filing to $64M in the plan year 2023 filing.
  • Southern Maryland Electric Cooperative, Inc. reported participants rose from 284 in the plan year 2022 filing to 293 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Maryland
Industry
Utilities

Participants vs Maryland filers

In Maryland, the average filing covers about 929 participants across 2,484 plans. Southern Maryland Electric Cooperative, Inc. reports 293 participants - about 32% of that state average ($64M EOY assets).

Maryland filing particulars

Total Assets (Beginning of Year)$55M
Net Assets (End of Year)$64M
Net Income$10M
Employer EIN520492367
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern Maryland Electric Coop.)

$260M$280M$300M$320M 202220232024 $272M $314M ▲ +15.5%
Total plan assets by year, all Southern Maryland Electric Coop. plans on file
Year Plans Participants Total Assets
2022 3 721 $272M
2023 3 733 $301M
2024 3 752 $314M

Nearby 401(k) Plans in Maryland

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Southern Maryland Electric Cooperative, Inc. vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Southern Maryland El…, Total assets ($B): 0.063810383 · Participants: 293Southern Maryland El…Lockheed Martin Corp…, Total assets ($B): 47.273019756 · Participants: 91511Lockheed Martin Corp…Marriott Retirement …, Total assets ($B): 10.20606962 · Participants: 96415Marriott Retirement …T. Rowe Price U.S. R…, Total assets ($B): 4.357344903 · Participants: 6292T. Rowe Price U.S. R…Nfl Player Second Ca…, Total assets ($B): 3.951576315 · Participants: 2767Nfl Player Second Ca…Sodexo 401 (K) Emplo…, Total assets ($B): 2.217483854 · Participants: 80121Sodexo 401 (K) Emplo…
Southern Maryland Electric Cooperative, Inc. vs. nearby 401(k) plans in Maryland, assets vs. participants
Compare Southern Maryland Electric Cooperative, … side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Southern Maryland Electric Cooperative, Inc. by total assets, not by location.

Frequently Asked Questions

How did Southern Maryland Electric Cooperative, Inc. assets move in 2023? ▼
Southern Maryland Electric Cooperative, Inc. grew sharply - up 16.8% during 2023, from $55M to $64M. Reported net income was $10M.
How have Southern Maryland Electric Coop. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southern Maryland Electric Coop.'s sponsor-wide assets grew 15.5%, from $272M to $314M.
Where does Southern Maryland Electric Cooperative, Inc. rank by assets among Form 5500 filers? ▼
Southern Maryland Electric Cooperative, Inc. ranks in the 88th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Southern Maryland Electric Cooperative, Inc.? ▼
Among 401(k) plans in other states, the closest by assets is Midland Cogeneration Venture Limited Partnership 401(k) Savings Plan in MI ($64M, 78 participants).

Next read for Southern Maryland Electric Cooperative, …

Filing takeaways

Ways to act on Southern Maryland Electric Cooperative, Inc.'s numbers.

  • By total assets, Southern Maryland Electric Cooperative, Inc. ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in Maryland. Compare plans
  • Southern Maryland Electric Coop.'s sponsor-wide assets have grown 15.5% since 2022 across 3 plan years on file. More Utilities plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 520492367.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.