Southern Maryland Electric Cooperative, Inc.
Overview
Southern Maryland Electric Cooperative, Inc. sponsors a self-funded health plan that covered 643 participants in plan year 2025, about the same as the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 643 · prior year 638
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Southern Maryland Electric Cooperative, Inc. Health & Welfare Plan, plan 501 (643 participants)
- Broker compensation
- $88K across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Renaissance Life and Health Insurance Company of America | Life, Long-term disability | 522 | $428K | $51K |
| Cigna Health and Life Insurance Company | Medicare Part D | 131 | $366K | — |
| Provident Life and Accident Insurance Company | Disability | 25 | $86K | $38K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 643 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Southern Maryland Electric Cooperative, Inc.
- Sponsor EIN
- 52-0492367
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 52-0492367 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Southern Maryland Electric Cooperative, Inc.
- Type
- 401(k) plan
- Participants
- 366
About this data
Source: Southern Maryland Electric Cooperative, Inc.'s Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Southern Maryland Electric Cooperative, Inc..