Form 5500 · Employee benefit plan · OLNEY, MD
SANDY SPRING BANCORP INC.
The filing calls this plan SANDY SPRING BANCORP INC. HEALTH AND WELFARE BENEFIT PLAN.
SANDY SPRING BANCORP INC. of OLNEY, MD is a 1,120-participant finance and insurance employer whose group benefits are disclosed in its annual Form 5500 filing. Its broker of record is HILB GROUP OF MARYLAND. Coverage is written through HM LIFE INSURANCE COMPANY and 3 other carriers. The plan's most recent policy period ended in March.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 52-1532952 · plan 501 · plan year 2025, filed Oct 29, 2025
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53 other employer plans in Maryland have policy years ending in March. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.
How this plan is funded
Self-funded as reported
The filing reports a stop-loss contract and no medical premium, which is what a plan that pays its own claims reports.
A stop-loss policy appears on a Form 5500 only when the plan itself is the beneficiary, or the premiums are paid from plan money. Many employers buy stop-loss and never report it here. So a plan with no stop-loss on its filing may still have it.
Benefits declared on this filing
Health: KAISER FOUNDATION HEALTH PLAN OF THE MID-ATLANTIC STATES, INC. covers 39 of 1,120 participants (3.5%) on Schedule A.
Also declared: other welfare.
Declared benefits are the plan’s own line 8b codes on Form 5500. “Not on Schedule A” means no insured contract for that line appears on this filing. That usually means the benefit is self-funded, or it sits under a different plan number.
Persons covered is the count the carrier filed for that policy at the end of its policy year, and it can include dependents. Participants is the plan's own count at the start of its plan year. The two count different people, so a covered figure can be larger.
Plan brief
Schedule A lists 4 insured contracts covering health, dental, life, disability and stop-loss; the largest, with HM LIFE INSURANCE COMPANY, covers 837 people.
The filing declares health, dental, life, disability and vision. Vision appears with no insured contract on Schedule A. That coverage may be self-funded, or placed with a carrier that is not on this filing.
The medical plan carries stop-loss coverage: the filing reports the plan paying its own health claims, with insured protection against large ones.
Reported premium across the insured contracts is $457,096, with $56,581 in disclosed broker commissions — about 12% of premium.
The most recent policy period ended in March, and the plan year ends March 31. Group contracts typically renew on that annual cycle.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| HM LIFE INSURANCE COMPANY | Stop-loss | 837 | Apr 1, 2025 | $211,951 | $31,973 |
| SYMETRA LIFE INSURANCE COMPANY | Life, Disability | 831 | Apr 1, 2025 | $170,243 | $17,001 |
| KAISER FOUNDATION HEALTH PLAN OF THE MID-ATLANTIC STATES, INC. | Health | 39 | Apr 1, 2025 | $62,394 | $3,836 |
| GROUP HOSPITALIZATION MEDICAL SERVICES, INC. | Dental | 1,839 | Apr 1, 2025 | $12,508 | $3,771 |
Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.
Administrator and service providers
Named on Schedule C of this filing. We publish company names only.
Other plans filed by this employer
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Renewal calendar
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