Retirement plan

KELLY RETIREMENT SAVINGS PLAN

Name: KELLY SERVICES, INC - KELLY RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: KELLY SERVICES, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KELLY RETIREMENT SAVINGS PLAN, KELLY SERVICES, INC

KELLY SERVICES, INCEIN 38-1510762Plan #004PY 2024

999 WEST BIG BEAVER ROAD - TROY, MI 48084800-376-4964

Other plans on this EIN

2 filings

#002Retirement-$270.3M assets #001Retirement-$3.8M assets

Prospect flagsLow participationLow employer contributionLow participant contributionCorrective distributions

Top hat statement on fileNQDC

Filed February 26, 2008 (most recent of 4 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$342.5M

+9.9% from 2023

Total participants

147,070

-20.6% from 2023

Average account balance

$36,139

+9.4% from 2023

Annual return

13.51%

-7.33 pp from 2023

Benchmarks

See 56 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants>=10,000

Cohort56 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$342.52M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$36K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

9,478

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

3.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$31.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$222

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.51%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$80

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 5 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$515,722
PHOENIX INNOVATE5 years Service code 50 · EIN 38-2713456	Direct Payment	$132,095
CAPFINANCIAL PARTNERS LLC5 years Filed as: CAPTRUST Service code 50 · EIN 26-0058143	Direct Payment	$42,500
THOMPSON HINE7 years Service code 50 · EIN 34-0575300	Direct Payment	$35,356
PLANTE & MORAN, PLLC1 year Service code 10 · EIN 33-1498605	Accounting	$33,325

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$762K

$5 / participant

Recordkeeping$516K67.7%
Investment mgmt$43K5.6%
Other / not subdivided$203K26.7%

% of EOY assets

0.222%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: PLANTE & MORAN PLLC
Auditor EIN: 331498605
Audit fees: $33,325
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,139

$42,127-14.2%

$85,009-57.5%

$106,408-66.0%

Participation rate

3.4%

36.6%-33.1pp

67.5%-64.1pp

69.9%-66.4pp

Annual return

13.51%

36.21%-22.7pp

66.47%-53.0pp

17.37%-3.9pp

Employer contribution / active EE

$41

$825-95.0%

$2,728-98.5%

$3,361-98.8%

Participant deferral / active EE

$181

$2,066-91.2%

$4,522-96.0%

$5,567-96.7%

Admin fee / account holder

$80

$114-29.2%

$6,153-98.7%

$79+1.5%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH10+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$515,722

PHOENIX INNOVATE5 years

Service code 50 · EIN 38-2713456

Direct Payment

$132,095

CAPFINANCIAL PARTNERS LLC5 years

Filed as: CAPTRUST

Service code 50 · EIN 26-0058143

Direct Payment

$42,500

THOMPSON HINE7 years

Service code 50 · EIN 34-0575300

Direct Payment

$35,356

PLANTE & MORAN, PLLC1 year

Service code 10 · EIN 33-1498605

Accounting

$33,325

KELLY RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KELLY RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion