Sumter Electric Cooperative, Inc.
Overview
Sumter Electric Cooperative, Inc. sponsors a self-funded health plan that covered 514 participants in plan year 2025, up 17% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 514 · prior year 440
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Sumter Electric Cooperative, Inc. Employee Benefits Plan., plan 501 (514 participants)
- Broker compensation
- $117K 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 |
|---|---|---|---|---|
| The Guardian Life Insurance Company of America | Dental, Vision, Life, Long-term disability | 514 | $987K | $99K |
| American Heritage Life Insurance Company | Accident, Critical Illness, Hospital, Ca | 196 | $196K | $18K |
| Hartford Life and Accident | Business Travel Accident | 514 | $750 | $126 |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 514 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
- Sumter Electric Cooperative, Inc.
- Sponsor EIN
- 59-0469125
- Plan number
- 501
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 59-0469125 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Seco Energy 401(k) Retirement Savings Plan
- Type
- 401(k) plan
- Participants
- 592
About this data
Source: Sumter 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 Sumter Electric Cooperative, Inc..