Department of Labor filing

MIDLAND CREDIT MANAGEMENT, INC.

MIDLAND CREDIT MANAGEMENT, INC. 401(K) RETIREMENT SAVINGS PLAN · For the plan year ended Dec 31, 2024

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Public filing 2024 · received Sep 18, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

47filing comparison
out of 100

The filing looks broadly typical among comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$1,519

Reported employer contributions per active participant.

Higher than about 38% of comparable plans

#People in the filing

1,462

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$109 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 68% of comparable plans

↗Investment performance

Not available

Plan assets changed 17.2%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202447out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions38th percentileTypical peer $1,972 · based on 21 comparable plans

Lower reported administrative expense68th percentileTypical peer $132 · based on 22 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, MIDLAND CREDIT MANAGEMENT, INC. reported $2,220,163 in employer contributions across the plan and 1,462 active participants. That works out to $1,519 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy68%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 34.5%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 10.1%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context47/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $2,220,163
Participant contributions: $11,573,873
Other contributions: $1,141,702
Employer share of reported contributions: 16.1%
Beginning assets: $142,880,694
Ending assets: $167,396,303
Ending net assets: $167,396,245
Ending liabilities: $58
Total income: $36,229,961
Total expenses: $11,714,216
Administrative expenses: $214,192
Participant loans: $2,704,785

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$2,318

2023

$3,461

2024

$1,519

Plan-paid administrative expenses per participant

2022

$99

2023

$105

2024

$109

Active participants

2022

1,175

2023

1,292

2024

1,462

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$1,519	1,462	167.4M	20250918165745NAL0000762979001
2023	$3,461	1,292	142.9M	20241011105112NAL0010836099001
2022	$2,318	1,175	114.6M	20231011133729NAL0029556673001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.6%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 480581733-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Nov 1, 1998
Industry: Finance and insurance
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2G2K2S2T3H2J2E2F3D2R

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
FIDELITY INVESTMENTS INSTITUTIONAL	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20250918165745NAL0000762979001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗