401(k) · DOL Form 5500 · 2022

Midwest Physician Administrative Services, LLC 401(k) Plan

Data updated 2026-08-11

$626M
Total assets
5,136
Participants
98th
Percentile by assets
$121,973
Avg per participant
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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.

  • 98th percentile by assets (of 139,126 plans)
  • #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.

$626M
total plan assets (2022 EOY)
5,136
covered participants
98th
percentile by assets (of 139,126 plans)
$121,973
avg assets per participant

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.

Where Duly Health and Care 401(k) Plan. sits 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 $2,010,000,000 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

Participants vs Illinois filers

In Illinois, the average filing covers about 779 participants across 5,745 plans. Duly Health and Care 401(k) Plan. reports 5,136 participants - 6.6x that state average ($626M EOY assets).

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)

$0.4B$0.6B$0.8B$1B$1.2B 202220232024 $0.63B $1.14B ▲ +81.0%
Total plan assets by year, all Midwest Physician Administrative Services, LLC plans on file
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

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…State Farm 401(k) Sa…Accenture United Sta…Abbott Laboratories …United Airlines Pilo…Walgreens Retirement…
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:

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Duly Health and Care 401(k) Plan. by total assets, not by location.

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).

Filing takeaways

Ways to act on Duly Health and Care 401(k) Plan.'s numbers.