# Kelly Automotive Group 401(k) Plan
Source: https://planprovider.pro/companies/kelly-automotive-group-401k-plan

> Kelly Automotive Group's 401(k) plan: 347 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/adp-retirement-services) — RECORD KEEPER

- [LINCOLN FINANCIAL ADVISORS](https://planprovider.pro/provider/lincoln-financial-group) — INVESTMENT/FINANCIAL ADVI

- [WITHUM SMITH & BROWN PC](https://planprovider.pro/provider/withumsmithbrown-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|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/kelly-automotive-group-401k-plan)

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