Plan Snapshot
- Plan Sponsor: Kelly Automotive Group
- Sponsor EIN: 043317401
- Sponsor Address: 155 ANDOVER STREET, DANVERS, MA, 01923
- Plan Type: 401(k)
- Total Participants: 347
- Total Assets: $25.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 347 | $25.4M | $142,087 | $1.8M |
| 2023 | 342 | $22.2M | $150,000 | $1.6M |
| 2022 | 234 | $18.8M | $147,611 | $1.7M |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $21,584 | — | $21,584 |
| LINCOLN FINANCIAL ADVISORS | INVESTMENT/FINANCIAL ADVI | $17,226 | — | $17,226 |
| WITHUM SMITH & BROWN PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- LINCOLN FINANCIAL ADVISORS — INVESTMENT/FINANCIAL ADVI
- WITHUM SMITH & BROWN PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,810
- Estimated Expense Ratio: 0.153% 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 | $21,980 | $11,187 | — | — | — |
| 2023 | $16,376 | $9,714 | — | — | — |
| 2022 | $16,143 | — | — | — | — |