2023 Form 5500 filing — Scma Voluntary Members' Beneficiary Association
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20250412165538NAL0015285779001) for Scma Voluntary Members' Beneficiary Association, reported by South Carolina Medical Association under EIN 57-0248750 and plan number 501. It reports 2,587 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250412165538NAL0015285779001
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- South Carolina Medical Association
- EIN
- 57-0248750
- Plan number
- 501
- Location
- Columbia, SC
- Participants
- 2,587
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $26,564,402
- Total liabilities (EOY)
- $5,745,790
- Net assets (EOY)
- $20,818,612
- Participant contributions
- $27,595,220
- Total income / additions
- $28,314,614
- Benefits paid
- $25,707,988
- Administrative expenses
- $3,554,189
- Total expenses
- $29,262,177
- Net increase / (decrease)
- -$947,563
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Optum Rx Inc. | PHARMACY BENEFIT MANAGER | $9,314,118 | $27,447 |
| South Carolina Medical Association | PLAN SPONSOR | $1,135,870 | not reported in the loaded dataset |
| Fulcrum Risk Solutions, Inc. | AFFILIATE OF PLAN SPONSOR | $823,009 | $25,126 |
| Planned Administrators, Inc. | TPA | $775,117 | not reported in the loaded dataset |
| Amwins Group Inc | CONSULTING | $205,678 | not reported in the loaded dataset |
| Blue Cross Blue Shield Of Sc | TPA | $0 | $170,071 |
| Aaj Computer Services | INFORMATION MANAGEMENT | $155,400 | not reported in the loaded dataset |
| Elliott Davis, LLC/Pllc | ACCOUNTANT | $101,001 | not reported in the loaded dataset |
| First Health | TPA | $0 | $85,656 |
| Sun Life Assurance Co Of Canada | ADMINISTRATOR | $76,409 | not reported in the loaded dataset |
| Windsor Strategy Partners | ACTUARY | $45,521 | not reported in the loaded dataset |
| Nelson Mullins Riley And Scarboroug | LEGAL | $42,132 | not reported in the loaded dataset |
| Benefit Coordinators | ADMINISTRATOR | $40,748 | not reported in the loaded dataset |
| Blue Cross Blue Shield Of Sc | TPA | $0 | $35,690 |
| Muha Center For Telehealth | ADMINISTRATOR | $13,000 | not reported in the loaded dataset |
| Gradient Ai Corp | INFORMATION MANAGEMENT | $11,340 | not reported in the loaded dataset |
| Progress Software Corporation | INFORMATION MANAGEMENT | $7,236 | not reported in the loaded dataset |
| Jackson Lewis, P.C. | LEGAL | $5,363 | not reported in the loaded dataset |