Plan Snapshot
- Plan Sponsor: Midwest Physician Administrative Services, LLC, D/B/A Duly Health And
- Sponsor EIN: 453237183
- Sponsor Address: 1100 W. 31ST STREET, DOWNERS GROVE, IL, 60515
- Plan Type: 401(k)
- Total Participants: 6,585
- Total Assets: $1.1B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 6,585 | $1.1B | $14.0M | $57.2M |
| 2023 | 7,336 | $1.0B | $12.1M | $51.8M |
| 2022 | 5,516 | $626.5M | $9.6M | $42.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Other Service Provider | $367,918 | — | $367,918 |
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $117,954 | — | $117,954 |
| CWM LLC | Investment Advisor | $64,774 | — | $64,774 |
| EMPOWER ADVISORY GROUP, LLC | Other Service Provider | $61,755 | — | $61,755 |
| IPI ASSET MANAGEMENT INC | Investment Advisor | $33,964 | — | $33,964 |
| MCGLADREY LLP | Other Service Provider | $19,665 | — | $19,665 |
| CURI RMB CAPITAL LLC | Other Service Provider | $11,881 | — | $11,881 |
| PERFORMANCE WEALTH | Other Service Provider | $11,420 | — | $11,420 |
| SAVANT CAPITAL LLC | Investment Advisor | $10,159 | — | $10,159 |
| HAMILTON CAPITAL LLC | Other Service Provider | $5,056 | — | $5,056 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CWM LLC — Investment Advisor
- IPI ASSET MANAGEMENT INC — Investment Advisor
- SAVANT CAPITAL LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $704,546
- Estimated Expense Ratio: 0.062% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $567,292 | $179,709 | — | $19,665 | — |
| 2023 | $537,689 | $119,755 | — | $30,000 | — |
| 2022 | $604,078 | $174,155 | — | — | -$6,926 |