MIDLAND CREDIT MANAGEMENT, INC. 401(K) RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 350 CAMINO DE LA REINA,,SAN DIEGO,CA
- Contact person: EMILY HAWKINS
- Phone: (858) 309-9213
Plan General Information
MIDLAND CREDIT MANAGEMENT, INC. 401(K) RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MIDLAND CREDIT MANAGEMENT, INC. 401(K) RETIREMENT SAVINGS PLAN is $142,880,694.00.This plan was established in 1998.
MIDLAND CREDIT MANAGEMENT, INC. 401(K) RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MIDLAND CREDIT MANAGEMENT, INC. 401(K) RETIREMENT SAVINGS PLAN is 1811
MIDLAND CREDIT MANAGEMENT, INC. 401(K) RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MIDLAND CREDIT MANAGEMENT, INC. 401(K) RETIREMENT SAVINGS PLAN is $78,896.00
MIDLAND CREDIT MANAGEMENT, INC. 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MIDLAND CREDIT MANAGEMENT, INC. 401(K) RETIREMENT SAVINGS PLAN is $12,100.00.
MIDLAND CREDIT MANAGEMENT, INC. 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MIDLAND CREDIT MANAGEMENT, INC. 401(K) RETIREMENT SAVINGS PLAN is approximately $2,468.00
Investing in this additonal $2,468.00 for 20 years would give you extra $158,005.00, assuming a 10% annual return.
Investing in this additonal $2,468.00 for 20 years would give you extra $158,005.00, assuming a 10% annual return.
MIDLAND CREDIT MANAGEMENT, INC. 401(K) RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, MIDLAND CREDIT MANAGEMENT, INC. 401(K) RETIREMENT SAVINGS PLAN allocates $4,471,052.00 to match its employees' contributions, providing an employer match rate of 40.80% of their contributions
MIDLAND CREDIT MANAGEMENT, INC. 401(K) RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MIDLAND CREDIT MANAGEMENT, INC. 401(K) RETIREMENT SAVINGS PLAN is 24.69%.
MIDLAND CREDIT MANAGEMENT, INC. 401(K) RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MIDLAND CREDIT MANAGEMENT, INC. 401(K) RETIREMENT SAVINGS PLAN is 18.36%. This measures the effectiveness of the plan participants' investments in the year.
MIDLAND CREDIT MANAGEMENT, INC. 401(K) RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MIDLAND CREDIT MANAGEMENT, INC. 401(K) RETIREMENT SAVINGS PLAN is 0.13%.
Enrollment Features
MIDLAND CREDIT MANAGEMENT, INC. 401(K) RETIREMENT SAVINGS PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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