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Form 5500 · Retirement plan · OLNEY, MD

SANDY SPRING BANCORP, INC.

The filing calls this plan SANDY SPRING BANCORP, INC. RETIREMENT INCOME PLAN.

SANDY SPRING BANCORP, INC. of OLNEY, MD's retirement plan holds 1 insurance-company contract (annuities or guaranteed-interest accounts), disclosed on Schedule A of its Form 5500. These are investment and funding contracts, not group health or welfare coverage. No medical, dental or life benefit is reported on this filing.

Agent of record (Schedule A)
Not disclosed
Contract year ends
Novemberas filed for plan year 2023

Sourced from U.S. DOL EFAST2 Form 5500 · EIN 52-1532952 · plan 001 · plan year 2023, filed May 23, 2024

Participants at the start of the year
471
Contracts on file
1
Contract value
—
Plan year end
November

Plan brief

Schedule A lists 1 insurance contract held by the plan — an annuity, a guaranteed-interest account or a similar funding vehicle, with PRINCIPAL LIFE INSURANCE COMPANY.

The filing discloses no agent commission on these contracts.

A Schedule A is filed for a retirement plan when plan assets sit in an insurance company contract. It reports the contract's balances and any agent commission. It does not report a health, dental or life premium, and it does not give a group renewal date.

The contract year ended in November.

Schedule A insurance contracts

CarrierContract typeCoveredYear endsContract valueCommission
PRINCIPAL LIFE INSURANCE COMPANY—0November—$0

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.

See the filing at the Department of Labor

Administrator and service providers

PRINCIPAL LIFE INSURANCE COMPANY
Contract administrator · EIN 42-0127290
$149,451
paid directly by the plan

Named on Schedule C of this filing. We publish company names only.

What the plan holds

Paid out in benefits
$34,968,582
Participants at the start of the year
471
Participants with account balances
0

Sourced from U.S. DOL EFAST2 Form 5500 · Schedule H

Who runs the plan

Independent accountantEIN 25-1408703
SCHNEIDER DOWNS & CO., INC.
Accountant's opinion (Schedule H, line 3a)
Unmodified

From Schedule H of this filing.

Other plans filed by this employer

More employer plans in Maryland — largest plans, brokers, carriers and renewal months.

SANDY SPRING BANCORP, INC. — retirement plan: annuity and GIC contracts on Schedule A · Form5500Lookup