401(k)
2024 plan-year 401(k) DOL Form 5500

Southern Maryland Electric Cooperative, Inc.

ERISA Form 5500 plan record drawn from DOL EBSA โ€” verify with linked source filings below.

Sponsored by Southern Maryland Electric Coop. ยท Maryland ยท Utilities

What the 2023 filing shows

Southern Maryland Electric Cooperative, Inc. holds $70M for 313 participants - about $224,686 per participant, up 10.2% over the 2024 plan year.

$70M
total plan assets (2024 EOY)
313
covered participants
$224,686
avg assets per participant
+10.2%
assets growth YoY
Total Assets (2023)
$70M
Participants
313
State
Industry
Utilities

What the Filing Says About Southern Maryland Electric Cooperative, Inc.

Southern Maryland Electric Cooperative, Inc. is a 401(k) retirement plan sponsored by Southern Maryland Electric Coop., headquartered in Maryland. As of the 2024 Form 5500 filing, the plan reports $70M in total end-of-year assets and covers 313 participants across the Utilities industry. The sponsor's EIN on file with the U.S. Department of Labor is 520492367, and the plan has been effective since 1992-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $64M at the beginning of 2024 to $70M at year-end โ€” a gain of 10.2%. Net assets (after liabilities) closed the year at $70M, with reported net income of $10M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows โ€” a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$64M
Total Assets (End of Year)$70M
Net Assets (End of Year)$70M
Net Income$10M
Plan Type401(k)
Employer EIN520492367
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southern Maryland Electric Coop.)

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 โ€” same state, same plan type โ€” ranked by total assets.

Frequently Asked Questions

How much money is in the Southern Maryland Electric Cooperative, Inc.?
As of the 2024 Form 5500 filing, Southern Maryland Electric Cooperative, Inc. holds $70M in total assets with 313 participants. It is sponsored by Southern Maryland Electric Coop..
What type of plan is Southern Maryland Electric Cooperative, Inc.?
Southern Maryland Electric Cooperative, Inc. is a 401(k) plan. It has been effective since 1992-01-01. The plan is filed with the U.S. Department of Labor under EIN 520492367.
Who sponsors the Southern Maryland Electric Cooperative, Inc.?
Southern Maryland Electric Cooperative, Inc. is sponsored by Southern Maryland Electric Coop., located in Maryland. The sponsor's EIN is 520492367 and the plan operates in the Utilities industry.
How did Southern Maryland Electric Cooperative, Inc. perform in 2024?
Southern Maryland Electric Cooperative, Inc. grew by 10.2% during 2024, moving from $64M to $70M in total assets. Net income was $10M.
Where can I find official filings for Southern Maryland Electric Cooperative, Inc.?
Official Form 5500 filings for Southern Maryland Electric Cooperative, Inc. are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 520492367 or plan name at efast.dol.gov.
How does Southern Maryland Electric Cooperative, Inc. compare to other plans?
You can compare Southern Maryland Electric Cooperative, Inc. against other 401(k) plans on the plan type page, or view plans in Maryland on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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

Reference: IRS Publication 560 โ€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B โ€” Distributions from IRAs, RMD rules under SECURE Act 2.0.

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