Plan Ledger DOL Form 5500 · updated monthly

Midwest Physician Administrative Services, LLC401(k)

DULY HEALTH AND CARE 401(K) PLAN. · DOWNERS GROVE, IL · plan year 2024

Reported admin expense ratio · 2024
0.05%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Midwest Physician Administrative Services, LLC reported $567,292 in plan administrative expenses for 2024: 0.05% of average plan assets, above the peer median. Employer contributions averaged $2,131 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.09% to 0.05%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 86th-largest of 3,702 plans among Illinois employers on file, and the 162nd of 11,911 in health care & social assistance. In 2024, employees put in $4.08 for every $1.00 the employer contributed; active participation has grown from 5,516 to 6,585 since 2022.

Plan summary
Net assets, end of year$1,142,571,831
Participants with balances8,602
Active participants6,585
Employer contributions$14,030,023
Employee contributions$57,225,904
Employer contribution per active participant$2,131
Average account balance$132,826
Benefits paid to participants$97,632,137
Plan auditUnmodified (clean) audit opinion
AuditorTOPEL FORMAN, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$1.1B · 8,602 accts · $14.0M emplr
2023$1.0B · 8,711 accts · $12.1M emplr
2022$626.0M · 6,993 accts · $9.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$367,918
Investment management$179,709
Audit (IQPA)$19,665
Total administrative$567,292
The Midwest Physician Administrative Services, LLC 401(k) match · 2024
Employer contribution per active participant$2,131
Median for plans this size$5,259
2024$2,131 per active participant
2023$1,648 per active participant
2022$1,745 per active participant

Midwest Physician Administrative Services, LLC's 2024 employer contribution ran below the $5,259 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 202411
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$117,954
CWM LLC$64,774
EMPOWER ADVISORY GROUP, LLC · Investment management$61,755
IPI ASSET MANAGEMENT INC$33,964
MCGLADREY LLP · Accounting / audit$19,665
CURI RMB CAPITAL LLC$11,881
PERFORMANCE WEALTH$11,420
SAVANT CAPITAL LLC$10,159
HAMILTON CAPITAL LLC$5,056
CHARLES SCHWAB & CO., INC. · Investment advisory (participants) · Securities brokerage$4,229

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$567,292 · 0.05%
2023$537,689 · 0.07%
2022$604,078 · 0.09%
Same employer
Similar plansHealth Care & Social Assistance · Illinois
Endeavor Health IL$2.3B · 0.05%
Heartland Dental, LLC IL$1.1B · 0.12%
Edward-Elmhurst Healthcare IL$938.4M · 0.07%
Mercy Health Corporation IL$827.7M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453237183 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.