Plan Snapshot
- Plan Sponsor: Kelly Services, INC
- Sponsor EIN: 381510762
- Sponsor Address: 999 WEST BIG BEAVER ROAD, TROY, MI, 48084
- Plan Type: 401(k)
- Total Participants: 142,508
- Total Assets: $342.5M
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 | 142,508 | $342.5M | $5.9M | $25.9M |
| 2023 | 180,351 | $311.6M | $5.9M | $24.6M |
| 2022 | 156,083 | $265.0M | $6.8M | $24.8M |
| 2019 | 121,468 | $241.2M | $0 | $0 |
| 2018 | 113,468 | $194.8M | $0 | $0 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | RECORDKEEPER | $515,722 | — | $515,722 |
| PHOENIX INNOVATE | OTHER | $132,095 | — | $132,095 |
| CAPTRUST | CONSULTANT | $42,500 | — | $42,500 |
| THOMPSON HINE | OTHER | $35,356 | — | $35,356 |
| PLANTE & MORAN, PLLC | ACCOUNTANT | $33,325 | — | $33,325 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CAPTRUST — CONSULTANT
- THOMPSON HINE — OTHER
- PLANTE & MORAN, PLLC — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $758,998
- Estimated Expense Ratio: 0.222% 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 | $761,663 | $42,500 | — | $33,325 | — |
| 2023 | $662,630 | $31,875 | — | $30,668 | — |
| 2022 | $736,069 | — | — | — | — |
| 2019 | $837,000 | — | — | — | — |
| 2018 | $565,000 | — | — | — | — |