Kelly & Associates Insurance Group, Inc. 401(k) Review & Grade
Kelly & Associates Insurance Group, Inc. 401k Plan
Sparks, MDFinance & Insurance546 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,607Employer $ per active participant
$5,639Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$68.2MNet plan assets, end of year
$125,994Average balance per account
Score breakdown
- Employer generosity8.0 / 5016th percentile for employer $ per participant
- Low cost12.7 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 51th |
| Employee saving | 31th |
| Peers that auto-enroll | 62% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($145,236 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Kelly & Associates Insurance Group put in about $1,607 per active participant, below the typical peer ($3,606). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $877,665 |
| Participant (employee) contributions | $3,078,744 |
| Other contributions (incl. rollovers in) | $551,084 |
| Administrative expenses paid from the plan | $141,713 |
| Contract administrator fees | $109,533 |
| Investment advisory & management fees | $22,414 |
| Benefits paid out | $2,253,067 |
| Net assets, start / end of year | $58.5M / $68.2M |
| Active participants, start / end of year | 533 / 559 |
| Participants with account balances | 541 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ellin & Tucker |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $109,533 reported compensation |
| Columbia Benefits Consultants Inc | $17,480 reported compensation |
| LPL Financial Llc-Rpcp | $14,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015145745NAL0004919009001, received 2025-10-15, EIN 52-1066374, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.