Plan Snapshot
- Plan Sponsor: Kelly & Associates Insurance Group, INC.
- Sponsor EIN: 521066374
- Sponsor Address: 1 KELLY WAY, SPARKS, MD, 21152
- Plan Type: 401(k)
- Total Participants: 559
- Total Assets: $68.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 559 | $68.2M | $877,665 | $3.1M |
| 2023 | 533 | $58.5M | $994,945 | $2.7M |
| 2022 | 518 | $48.7M | $840,012 | $2.4M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $109,533 | — | $109,533 |
| COLUMBIA BENEFITS CONSULTANTS INC | OTHER SERVICES | $250 | $17,230 | $17,480 |
| LPL FINANCIAL LLC-RPCP | INVESTMENT ADVISORY | $13,975 | $25 | $14,000 |
| ELLIN & TUCKER | ACCOUNTANT | $9,766 | — | $9,766 |
| NEW EDGE ADVISORS | INVESTMENT ADVISORY | $8,189 | $11 | $8,200 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ELLIN & TUCKER — ACCOUNTANT
- NEW EDGE ADVISORS — INVESTMENT ADVISORY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $158,979
- Estimated Expense Ratio: 0.233% 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 | $141,713 | $22,414 | $109,533 | $9,766 | — |
| 2023 | $182,215 | $23,965 | $137,550 | $20,700 | — |
| 2022 | $76,682 | $23,968 | $35,749 | — | $16,965 |