# Midcap Financial Services, LLC 401(k) Plan
Source: https://planprovider.pro/companies/midcap-financial-services-llc-401k-plan

> Midcap Financial Services, LLC's 401(k) plan: 308 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/adp-retirement-services) — RECORD KEEPER

- [OSAIC WEALTH INC](https://planprovider.pro/provider/royal-alliance-associates-inc) — INVESTMENT/FINANCIAL ADVI

- [ERNST AND YOUNG](https://planprovider.pro/provider/ernst-and-young-llp) — 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|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/midcap-financial-services-llc-401k-plan)

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