Plan Snapshot
- Plan Sponsor: Midland Credit Management, INC.
- Sponsor EIN: 480581733
- Sponsor Address: 350 CAMINO DE LA REINA, SAN DIEGO, CA, 92108
- Plan Type: 401(k)
- Total Participants: 1,462
- Total Assets: $167.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,462 | $167.4M | $2.2M | $11.6M |
| 2023 | 1,292 | $142.9M | $4.5M | $11.0M |
| 2022 | 1,175 | $114.6M | $2.7M | $9.6M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $144,130 | — | $144,130 |
| ONEDIGITAL INVESTMENT ADVISORS LLC | ADVISOR | $54,764 | — | $54,764 |
| MOSS ADAMS LLP | ACCOUNTANT|AUDITOR | $19,000 | — | $19,000 |
| BAKER TILLY US, LLP | Auditor | $19,000 | — | $19,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- ONEDIGITAL INVESTMENT ADVISORS LLC — ADVISOR
- MOSS ADAMS LLP — ACCOUNTANT|AUDITOR
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $236,894
- Estimated Expense Ratio: 0.142% 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 | $214,192 | $54,764 | $1,500 | $19,000 | — |
| 2023 | $189,780 | $47,731 | $300 | $17,325 | — |
| 2022 | $191,429 | — | — | — | — |