401(k) · DOL Form 5500 · 2023

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

Data updated 2026-08-11

$1.0B
Total assets: 5,590
Participants: 99th
Percentile by assets: $180,599
Avg per participant

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.

99th percentile by assets (of 127,072 plans)
#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.

$1.0B
total plan assets (2023 EOY): 5,590
covered participants: 99th
percentile by assets (of 127,072 plans): $180,599
avg assets per participant

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 →

State

Ohio

Industry

Healthcare & Social Assistance

Participants vs Ohio filers

In Ohio, the average filing covers about 765 participants across 5,089 plans. Duly Health and Care 401(k) Plan reports 5,590 participants - 7.3x that state average ($1.0B EOY assets).

Ohio filing particulars

Total Assets (Beginning of Year)	$626M
Net Assets (End of Year)	$1.0B
Net Income	$65M
Employer EIN	453237183
Plan Effective Date	2019-09-23
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Midwest Physician Administrative Services, LLC, D/B/a Duly Health and 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 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

GE Retirement Savings Plan $19.5B · 59,766
The Sherwin-Williams Company 401(k) Plan $10.1B · 47,362
The Progressive 401(k) Plan $9.2B · 56,176
The Kroger Co. 401(k) Retirement Savings Account Plan $8.4B · 129,769
Nationwide Savings Plan $7.6B · 24,715

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 (401(k), $1.1B, 7,381 participants)

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.

Lsegh, Inc. 401(k) Plan (NY) $1.0B · 2,581
Cleveland-Cliffs Steel LLC Savings and Investment Plan (IL) $1.0B · 3,230
Mac Arthur Co. 2015 Amended and Restated 401(k) and Employee Stock Ownership Plan (MN) $1.0B · 1,073
Country/ Iaa 401(k) Plan (IL) $1.0B · 3,482

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).

Next read for Duly Health and Care 401(k) Plan

Filing takeaways

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

By total assets, Duly Health and Care 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Ohio. Compare plans
Midwest Physician Administrative Services, LLC, D/B/a Duly Health and's sponsor-wide assets have grown 82.4% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans

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.