Midcap Financial Services, LLC 401(K) Plan — Form 5500 plan (Midcap Financial Services, LLC)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Midcap Financial Services, LLC 401(K) Plan is a benefit plan reported by Midcap Financial Services, LLC under EIN 26-3242056 and plan number 001. The latest loaded filing year is 2023. The filing reports 312 participants and $50,399,079 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$50.4MPlan net assets, end of year$50,399,079
Participants312Covered participants reported
Assets / participant$161.5KComputed: assets ÷ participants$161,536 (computed)
Provider compensation$67.1K2 Schedule C provider row(s)$67,115
- Plan sponsor
- Midcap Financial Services, LLC
- EIN
- 26-3242056
- Plan number
- 001
- Plan type
- 2
- Location
- Bethesda, MD
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 312 | H, C | 20241009093041NAL0032313376001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$50.4M total assets
Net assets$50.4MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $50,399,079
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $50,399,079
- Net assets (BOY)
- $36,662,123
Income & contributions
- Employer contributions
- $1,904,204
- Participant contributions
- $4,605,342
- Total contributions
- $7,314,697
- Total income / additions
- $14,635,677
Expenses & distributions
- Benefits paid
- $830,996
- Administrative expenses
- $67,116
- Total expenses
- $898,721
- Net increase / (decrease)
- $13,736,956
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $41,710 | $0 | 2023 |
| Securities America Advisors, Inc. | INVESTMENT/FINANCIAL ADVI | $25,405 | $0 | 2023 |