Scma Voluntary Members' Beneficiary Association — Form 5500 plan (South Carolina Medical Association)
Plain-English plan 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, Scma Voluntary Members' Beneficiary Association is a benefit plan reported by South Carolina Medical Association under EIN 57-0248750 and plan number 501. The latest loaded filing year is 2023. The filing reports 2,587 participants and $26,564,402 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- South Carolina Medical Association
- EIN
- 57-0248750
- Plan number
- 501
- Plan type
- 3
- Location
- Columbia, SC
- Latest filing year
- 2023
- Participants
- 2,587
- End-of-year plan assets
- $26,564,402
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 2,587 | H, C | 20250412165538NAL0015285779001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $26,564,402
- Total liabilities (EOY)
- $5,745,790
- Net assets (EOY)
- $20,818,612
- Net assets (BOY)
- $21,766,175
Income & contributions
- Participant contributions
- $27,595,220
- Total contributions
- $27,595,220
- Total income / additions
- $28,314,614
Expenses & distributions
- Benefits paid
- $25,707,988
- Administrative expenses
- $3,554,189
- Total expenses
- $29,262,177
- Net increase / (decrease)
- -$947,563
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Optum Rx Inc. | PHARMACY BENEFIT MANAGER | $9,314,118 | $27,447 | 2023 |
| South Carolina Medical Association | PLAN SPONSOR | $1,135,870 | not reported in the loaded dataset | 2023 |
| Fulcrum Risk Solutions, Inc. | AFFILIATE OF PLAN SPONSOR | $823,009 | $25,126 | 2023 |
| Planned Administrators, Inc. | TPA | $775,117 | not reported in the loaded dataset | 2023 |
| Amwins Group Inc | CONSULTING | $205,678 | not reported in the loaded dataset | 2023 |
| Blue Cross Blue Shield Of Sc | TPA | $0 | $170,071 | 2023 |
| Aaj Computer Services | INFORMATION MANAGEMENT | $155,400 | not reported in the loaded dataset | 2023 |
| Elliott Davis, LLC/Pllc | ACCOUNTANT | $101,001 | not reported in the loaded dataset | 2023 |
| First Health | TPA | $0 | $85,656 | 2023 |
| Sun Life Assurance Co Of Canada | ADMINISTRATOR | $76,409 | not reported in the loaded dataset | 2023 |
| Windsor Strategy Partners | ACTUARY | $45,521 | not reported in the loaded dataset | 2023 |
| Nelson Mullins Riley And Scarboroug | LEGAL | $42,132 | not reported in the loaded dataset | 2023 |
| Benefit Coordinators | ADMINISTRATOR | $40,748 | not reported in the loaded dataset | 2023 |
| Blue Cross Blue Shield Of Sc | TPA | $0 | $35,690 | 2023 |
| Muha Center For Telehealth | ADMINISTRATOR | $13,000 | not reported in the loaded dataset | 2023 |
| Gradient Ai Corp | INFORMATION MANAGEMENT | $11,340 | not reported in the loaded dataset | 2023 |
| Progress Software Corporation | INFORMATION MANAGEMENT | $7,236 | not reported in the loaded dataset | 2023 |
| Jackson Lewis, P.C. | LEGAL | $5,363 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for South Carolina Medical Association
- 2023 Form 5500 filing
- Form 5500 filings in SC
- 401(k) and benefit plan filings in Columbia, SC
- Optum Rx Inc. — Schedule C compensation
- South Carolina Medical Association — Schedule C compensation
- Fulcrum Risk Solutions, Inc. — Schedule C compensation
- Planned Administrators, Inc. — Schedule C compensation
- Amwins Group Inc — Schedule C compensation
- Blue Cross Blue Shield Of Sc — Schedule C compensation
- Aaj Computer Services — Schedule C compensation
- Elliott Davis, LLC/Pllc — Schedule C compensation
- First Health — Schedule C compensation
- Sun Life Assurance Co Of Canada — Schedule C compensation
- Windsor Strategy Partners — Schedule C compensation
- Nelson Mullins Riley And Scarboroug — Schedule C compensation
- Benefit Coordinators — Schedule C compensation
- Muha Center For Telehealth — Schedule C compensation
- Gradient Ai Corp — Schedule C compensation
- Progress Software Corporation — Schedule C compensation
- Jackson Lewis, P.C. — Schedule C compensation