Smeco 401(k) match, vesting and fees
What Smeco's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Adams, Jenkins & Cheatham.P.C (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 289 defined-contribution plans in utilities with 100 to 499 participants.
| Smeco: employer contribution per participant | $7,109 | |
| Peer median | $3,629 |
| Smeco: average balance | $192,150 | |
| Peer median | $86,045 |
| Smeco: admin expenses ÷ assets | 0.15% | |
| Peer median | 0.26% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $60.6M at the end of plan year 2021 to $70.3M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 366 | $70.3M | $2.6M | $7,109 | 0.15% | Not published | Form 5500 ↗ |
| 2023 | 383 | $63.8M | $2.1M | $5,367 | 0.13% | Not published | Form 5500 ↗ |
| 2022 | 359 | $54.6M | $2.1M | $5,948 | 0.22% | Not published | Form 5500 ↗ |
| 2021 | 345 | $60.6M | $1.8M | $5,289 | 0.20% | Not published | Form 5500 ↗ |
Other Smeco plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Southern Maryland Electric Cooperative, Inc
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Adams, Jenkins & Cheatham.P.C (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Retirement Annuity Plan for Ees of Smeco, Inc.
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Adams, Jenkins & Cheatham (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Smeco match 401(k) contributions?
The match terms for the Southern Maryland Electric Cooperative, Inc. have not been published from its filing yet. The plan year 2024 filing reports $2.6M in employer contributions, about $7,109 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Smeco 401(k) match vested?
The vesting schedule for the Southern Maryland Electric Cooperative, Inc. is not in the data published so far. Your Summary Plan Description states it.
Who manages the Smeco 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Southern Maryland Electric Coop..
I left Smeco. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Southern Maryland Electric Coop., (301) 274-3111) or the recordkeeper, Empower Annuity Insurance Company. The Smeco old 401(k) page lists the contacts from every plan filing. Find an old Smeco 401(k)
Data from the public Form 5500 annual reports Smeco filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Smeco. Not financial advice. Report a correction · Methodology