Plan Snapshot
- Plan Sponsor: Midcap Financial Services, LLC
- Sponsor EIN: 263242056
- Sponsor Address: 7255 WOODMONT AVE, BETHESDA, MD, 20814
- Plan Type: 401(k)
- Total Participants: 308
- Total Assets: $64.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 308 | $64.2M | $2.1M | $5.1M |
| 2023 | 285 | $50.4M | $1.9M | $4.6M |
| 2022 | 269 | $36.7M | $2.1M | $3.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $45,895 | — | $45,895 |
| OSAIC WEALTH INC | INVESTMENT/FINANCIAL ADVI | $18,509 | — | $18,509 |
| SECURITIES AMERICA ADVISORS, INC. | INVESTMENT/FINANCIAL ADVI | $16,292 | — | $16,292 |
| ERNST AND YOUNG | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- OSAIC WEALTH INC — INVESTMENT/FINANCIAL ADVI
- ERNST AND YOUNG — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,696
- Estimated Expense Ratio: 0.126% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $80,696 | $34,801 | — | — | — |
| 2023 | $67,116 | $28,643 | — | — | — |
| 2022 | $39,338 | — | — | — | — |