Retirement plan

KELLY & ASSOCIATES INSURANCE GROUP, INC. 401K PLAN

Name: KELLY & ASSOCIATES INSURANCE GROUP, INC. - KELLY & ASSOCIATES INSURANCE GROUP, INC. 401K PLAN (2015) Form 5500
Creator: KELLY & ASSOCIATES INSURANCE GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KELLY & ASSOCIATES INSURANCE GROUP, INC. 401K PLAN, KELLY & ASSOCIATES INSURANCE GROUP, INC.

KELLY & ASSOCIATES INSURANCE GROUP, INC.EIN 52-1066374Plan #001PY 2015

1 KELLY WAY - SPARKS, MD 21152410-527-3400LinkedIn1-10 employeesinsurance

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed December 9, 2024 (most recent of 6 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

1 Kelly Way

Sparks, MD 21152

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

Plan name not on file1 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$22.1M

No prior year

Total participants

490

No prior year

Average account balance

$65,030

No prior year

Annual return

0.78%

No prior year

Benchmarks

See 1,335 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,335 peers

Snapshot2015

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$68.16M

Not enough data

1 years with asset history on file

Average account balance

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

$126K

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.

541

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.

84.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$262

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

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 6 by compensation

Provider	Service type	Compensation
COLUMBIA BENEFITS CONSULTANTS, INC.1+ years Service code 13 · EIN 52-1904735 8820 COLUMBIA 100 PARKWAY · COLUMBIA, MD 21045	Contract Administrator	$34,128
PRIVATE ADVISOR GROUP LLC1+ years Filed as: PRIVATE LEDGER INSURANCE SERVICE Service code 27 · EIN 95-2834236	Advisory (Plan)	$19,521
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290	Contract Administrator	$15,218
KATZ, SAPPER & MILLER1+ years Filed as: KATZ, ABOSCH, WINDESHEIM, GERSHMAN Service code 10 · EIN 52-1003788 9390 DEERCO ROAD, SUITE 500 · TIMONIUM, MD 21093	Accounting	$14,000
COLUMBIA BENEFITS CONSULTANTS, INC.1+ years Filed as: COLUMBIA BENEFITS CONSULTANTS Service code 49	Other Services	$6,045
WILSHIRE ASSOCIATES INCORPORATED1+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$85K

$188 / participant

Investment mgmt$21K25.2%
Contract admin$46K54.6%
Other / not subdivided$17K20.2%

% of EOY assets

0.383%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KAWG&F
Auditor EIN: 521003788
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,030

$68,413-4.9%

$123,105-47.2%

$55,191+17.8%

Participation rate

66.7%

84.5%-17.9pp

86.8%-20.1pp

69.2%-2.5pp

Annual return

0.78%

6.30%-5.5pp

13.22%-12.4pp

10.78%-10.0pp

Employer contribution / active EE

$1,179

$3,050-61.3%

$5,151-77.1%

$1,899-37.9%

Participant deferral / active EE

$2,937

$4,490-34.6%

$6,229-52.9%

$3,046-3.6%

Admin fee / account holder

$249

$88+183.7%

$9,014-97.2%

$91+174.4%

Provider

Service type

Compensation

COLUMBIA BENEFITS CONSULTANTS, INC.1+ years

Service code 13 · EIN 52-1904735

8820 COLUMBIA 100 PARKWAY · COLUMBIA, MD 21045

Contract Administrator

$34,128

PRIVATE ADVISOR GROUP LLC1+ years

Filed as: PRIVATE LEDGER INSURANCE SERVICE

Service code 27 · EIN 95-2834236

Advisory (Plan)

$19,521

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$15,218

KATZ, SAPPER & MILLER1+ years

Filed as: KATZ, ABOSCH, WINDESHEIM, GERSHMAN

Service code 10 · EIN 52-1003788

9390 DEERCO ROAD, SUITE 500 · TIMONIUM, MD 21093

Accounting

$14,000

COLUMBIA BENEFITS CONSULTANTS, INC.1+ years

Filed as: COLUMBIA BENEFITS CONSULTANTS

Service code 49

Other Services

$6,045

WILSHIRE ASSOCIATES INCORPORATED1+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

KELLY & ASSOCIATES INSURANCE GROUP, INC. 401K PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KELLY & ASSOCIATES INSURANCE GROUP, INC. 401K PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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