401(k) · DOL Form 5500 · 2023

Midwest Physician Administrative Services, LLC, D/B/a Duly Health and 401(k) Plan

Data updated 2026-08-25

$1.0B
Total assets Very large vs avg
5,590
Participants Above avg headcount
99th
Percentile by assets National rank
$180,599
Avg per participant Above 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, D/B/a Duly Health and · Ohio · Healthcare & Social Assistance

$1.0B in assets, 5,590 participants

Midwest Physician Administrative Services, LLC, D/B/a Duly Health and's Duly Health and Care 401(k) Plan reported $1.0B in total assets and 5,590 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

  • #17,479 in Healthcare & Social Assistance (17,684 peers)

Coverage in Ohio

Duly Health and Care 401(k) Plan covers 5,590 participants in Ohio, 7.3x the typical Ohio plan (state average ~765 per filing). Assets: $1.0B.

#17,479
in Healthcare & Social Assistance (17,684 peers)
+61.2%
assets growth YoY
10×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$1,009,546,799 Top 1% higher than 99% of 127,068 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 2023

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

Plan-year 2023 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 (5,590 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Duly Health and Care 401(k) Plan reported net income rose from -$118M in the plan year 2022 filing to $65M in the plan year 2023 filing.
  • Duly Health and Care 401(k) Plan end-of-year assets rose from $626M in the plan year 2022 filing to $1.0B in the plan year 2023 filing.
  • Duly Health and Care 401(k) Plan reported participants rose from 5,136 in the plan year 2022 filing to 5,590 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 453237183 · Midwest Physician Administrative Services, LLC, D/B/a Duly Health and PY 2023 · 401(k)

Duly Health and Care 401(k) Plan · $1.0B · 5,590 · 99th

  • NET $1.0B
  • BOOK 5,590
  • VS-ST 99th
  • BOY 401(k)
  • SCH near Lsegh, Inc. 401(k) Plan
  • EBSA ind #17479

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 Ohio →

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

Duly Health and Care 401(k) PlanDuly Health and Care 401(k) …$1.0BLsegh, Inc. 401(k) Plan$1.0BCleveland-Cliffs Steel LLC Savings and Investment PlanCleveland-Cliffs Steel LLC S…$1.0BMac Arthur Co. 2015 Amended and Restated 401(k) and Employee Stock Ownership PlanMac Arthur Co. 2015 Amended …$1.0BCountry/ Iaa 401(k) Plan$1.0B
End-of-year total assets ($B) among Duly Health and Care 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$626M
Net Assets (End of Year)$1.0B
Net Income$65M
Employer EIN453237183
Plan Effective Date2019-09-23
Filing StatusFILING RECEIVED

Sponsor Plan History (Midwest Physician Administrative Services, LLC, D/B/a Duly Health and)

Sponsor-wide plan assets over time

All Midwest Physician Administrative Services, LLC, D/B/a Duly Health and 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 Ohio

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 Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 0510152025 Total assets ($B) Participants Duly Health and Care 401(k) Plan, Total assets ($B): 1.009546799 · Participants: 5590Duly Health and Care 401(k) PlanGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings Plan
Duly Health and Care 401(k) Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Duly Health and Care 401(k) Plan side-by-side with 3 peers →

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

Duly Health and Care 401(k) Plan reports $1.0B in end-of-year assets across 5,590 participants (0.008% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $180,599 per participant (1.3x the national average assets-per-participant) . Net income for plan year 2023 was $65M.

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 Open filing
2023 5,590 $1.0B This page
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 Ohio, the nearest 401(k) by assets is Lsegh, Inc. 401(k) Plan in NY ($1.0B); by covered participants it is Nxp 401(k) Retirement Plan in TX (5,591 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.0B here).

Similar participant headcount

Nearest other-state filings by covered participants (5,590 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Duly Health and Care 401(k) Plan surged - up 61.2% during 2023, from $626M to $1.0B. Reported net income was $65M.
How have Midwest Physician Administrative Services, LLC, D/B/a Duly Health and plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Midwest Physician Administrative Services, LLC, D/B/a Duly Health and'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 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
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 Lsegh, Inc. 401(k) Plan in NY ($1.0B, 2,581 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 Nxp 401(k) Retirement Plan in TX (5,591 participants, $3.5B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 453237183.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.