# Midwest Physician Administrative Services, LLC, D/B/A Duly Health And 401(k) Plan
Source: https://planprovider.pro/companies/midwest-physician-administrative-services-llc-401k-plan

> Midwest Physician Administrative Services, LLC, D/B/A Duly Health And's 401(k) plan: 6,585 participants, plan year 2024 financials, providers, and benchmarks…

Form 5500 filing data for plan year 2024.

## 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|NONE|$367,918|—|$367,918|

| MERRILL LYNCH PIERCE FENNER & SMITH|NONE|$117,954|—|$117,954|

| CWM LLC|NONE|$64,774|—|$64,774|

| EMPOWER ADVISORY GROUP, LLC|NONE|$61,755|—|$61,755|

| IPI ASSET MANAGEMENT INC|NONE|$33,964|—|$33,964|

| TOPEL FORMAN, LLC|Auditor|$19,665|—|$19,665|

| MCGLADREY LLP|NONE|$19,665|—|$19,665|

| CURI RMB CAPITAL LLC|NONE|$11,881|—|$11,881|

| PERFORMANCE WEALTH|NONE|$11,420|—|$11,420|

| SAVANT CAPITAL LLC|NONE|$10,159|—|$10,159|

| HAMILTON CAPITAL LLC|NONE|$5,056|—|$5,056|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [CWM LLC](https://planprovider.pro/provider/carson-wealth-management-group) — NONE

- [IPI ASSET MANAGEMENT INC](https://planprovider.pro/provider/ipi-wealth-management-inc) — NONE

- [SAVANT CAPITAL LLC](https://planprovider.pro/provider/savant-wealth-management) — NONE

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $724,211

- **Estimated Expense Ratio:** 0.063% 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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/midwest-physician-administrative-services-llc-401k-plan)

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