401(k) · DOL Form 5500 · 2022

Midwest Physician Administrative Services, LLC 401(k) Plan

Data updated 2026-08-25

$626M
Total assets Above avg plan size
5,136
Participants Above avg headcount
98th
Percentile by assets National rank
$121,973
Avg per participant Near avg balance/head
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Official DOL plan name: Duly Health and Care 401(k) Plan. · Sponsored by Midwest Physician Administrative Services, LLC · Illinois · Healthcare & Social Assistance

$626M in assets, 5,136 participants

Midwest Physician Administrative Services, LLC's Duly Health and Care 401(k) Plan. reported $626M in total assets and 5,136 participants in its 2022 DOL Form 5500 filing, ranking in the 98th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #19,756 in Healthcare & Social Assistance (20,060 peers)

Coverage in Illinois

Duly Health and Care 401(k) Plan. covers 5,136 participants in Illinois, 6.6x the typical Illinois plan (state average ~779 per filing). Assets: $626M.

#19,756
in Healthcare & Social Assistance (20,060 peers)
-15.8%
assets change YoY
6.3×
vs typical plan assets (national mean)

The plan reported a net loss of $118M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Duly Health and Care 401(k) Plan.'s outsized position by total assets

Duly Health and Care 401(k) Plan. vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$626,452,534 Top 2% higher than 98% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Duly Health and Care 401(k) Plan.'s large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Duly Health and Care 401(k) Plan. lands in the large band (5,136 participants).

Published 5500 schedule card

Filing strip 453237183 · Midwest Physician Administrative Services, LLC PY 2022 · 401(k)

Duly Health and Care 401(k) Plan. · $626M · 5,136 · 98th

  • BOOK $626M
  • VS-ST 5,136
  • BOY 98th
  • SCH 401(k)
  • EBSA near Lennox International Inc. Merged Profit Sharing and 401(k) Retirement Plan for Salaried Employees
  • PART ind #19756

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Healthcare & Social Assistance retirement plans → · Plans in Illinois →

Duly Health and Care 401(k) Plan. in the asset neighbourhood

Lennox International Inc. Merged Profit Sharing and 401(k) Retirement Plan for Salaried EmployeesLennox International Inc. Me…$626MDuly Health and Care 401(k) Plan.Duly Health and Care 401(k) …$626MTransocean U.S. Savings Plan$626MHomeservices Retirement Savings PlanHomeservices Retirement Savi…$626MBlue Cross and Blue Shield of Al 401(k) Plan Salary Deferral PlanBlue Cross and Blue Shield o…$626M
End-of-year total assets ($M) among Duly Health and Care 401(k) Plan. and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Illinois filing particulars

Total Assets (Beginning of Year)$744M
Net Assets (End of Year)$626M
Net Income-$118M
Employer EIN453237183
Plan Effective Date1995-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Midwest Physician Administrative Services, LLC)

Sponsor-wide plan assets over time

All Midwest Physician Administrative Services, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$1.1B 82.38761422266032% vs 2022
2024 filing year
$0.4B$0.6B$0.8B$1B$1.2B 202220232024 $0.63B $1.14B ▲ +81.0%
Year Plans Participants Total Assets
2022 1 5,136 $626M
2023 1 5,590 $1.0B
2024 1 7,381 $1.1B

Nearby 401(k) Plans in Illinois

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Duly Health and Care 401(k) Plan. vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants Duly Health and Care 401(k) Plan., Total assets ($B): 0.626452534 · Participants: 5136Duly Health and Care 401(k) Plan.State Farm 401(k) Savings Plan, Total assets ($B): 14.651519685 · Participants: 53616State Farm 401(k) Savings PlanAccenture United States 401(k) Match and Savings Plan, Total assets ($B): 14.283954811 · Participants: 66653Accenture United States 401(k) Match and Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 13.333286 · Participants: 36136Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 11.816542826 · Participants: 13437United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 11.682551768 · Participants: 238072Walgreens Retirement Savings Plan
Duly Health and Care 401(k) Plan. vs. nearby 401(k) plans in Illinois, assets vs. participants

Scale composition for Duly Health and Care 401(k) Plan.

Duly Health and Care 401(k) Plan. reports $626M in end-of-year assets across 5,136 participants (0.005% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.005% of 93,925,755 covered participants) - about $121,973 per participant (88% of the national average assets-per-participant) . Net income for plan year 2022 was -$118M.

This plan identity (EIN 453237183, plan #004) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $626M to $1.1B (+82.4%) while covered participants moved from 5,136 to 7,381 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 5,136 $626M This page
2023 5,590 $1.0B Open filing
2024 · index core 7,381 $1.1B Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Duly Health and Care 401(k) Plan.'s out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Lennox International Inc. Merged Profit Sharing and 401(k) Retirement Plan for Salaried Employees in TX ($626M); by covered participants it is Gobrands, Inc. 401(k) Profit Sharing Plan in PA (5,135 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (5,136 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Duly Health and Care 401(k) Plan. assets move in 2022? ▼
Duly Health and Care 401(k) Plan. declined sharply - down 15.8% during 2022, from $744M to $626M. Reported net income was -$118M.
How have Midwest Physician Administrative Services, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Midwest Physician Administrative Services, LLC's sponsor-wide assets grew 82.4%, from $626M to $1.1B.
Where does Duly Health and Care 401(k) Plan. rank by assets among Form 5500 filers? ▼
Duly Health and Care 401(k) Plan. ranks in the 98th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Duly Health and Care 401(k) Plan.? ▼
Among 401(k) plans in other states, the closest by assets is Lennox International Inc. Merged Profit Sharing and 401(k) Retirement Plan for Salaried Employees in TX ($626M, 3,363 participants).
Which 401(k) plans cover a similar participant headcount to Duly Health and Care 401(k) Plan.? ▼
Among 401(k) plans in other states, the closest by covered participants is Gobrands, Inc. 401(k) Profit Sharing Plan in PA (5,135 participants, N/A in assets).