Retirement plan

KELLY & ASSOCIATES INSURANCE GROUP, INC. 401K PLAN

Name: KELLY & ASSOCIATES INSURANCE GROUP, INC. - KELLY & ASSOCIATES INSURANCE GROUP, INC. 401K PLAN (2017) 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 2017

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

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

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

Plan administrator

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1 Kelly Way

Sparks, MD 21152

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Plans declared (1)

Plan name not on file1 emp

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Total assets (EOY)

$31.8M

+24.9% from 2016

Total participants

537

+9.6% from 2016

Average account balance

$72,427

-3.3% from 2016

Annual return

19.25%

+8.75 pp from 2016

Benchmarks

See 1,453 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,453 peers

Snapshot2017

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
COLUMBIA BENEFITS CONSULTANTS, INC.2 years Filed as: COLUMBIA BENEFITS CONSULTANTS INC Service code 13 · EIN 52-1904735 8820 COLUMBIA 100 PKWY · COLUMBIA, MD 21045	Contract Administrator	$47,109
LPL FINANCIAL2 years Filed as: LPL FINANCIAL LLC-RPCP Service code 27 · EIN 04-3046611 8820 COLUMBIA 100 PKWY. · COLUMBIA, MD 21045	Advisory (Plan)	$27,685
KATZABOSCH2 years Service code 10 · EIN 52-1003788 9881 BROKEN LAND PKWY. · COLUMBIA, MD 21046	Accounting	$15,500
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$8,935
COLUMBIA BENEFITS CONSULTANTS, INC.3+ years Filed as: COLUMBIA BENEFITS CONSULTANTS Service code 13	Contract Administrator	$8,285
WILSHIRE ASSOCIATES INCORPORATED3+ years Service code 27	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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$99K

$207 / participant

Investment mgmt$28K27.9%
Contract admin$56K56.5%
Other / not subdivided$16K15.6%

% of EOY assets

0.312%

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

$72,427

$81,537-11.2%

$149,721-51.6%

$69,631+4.0%

Participation rate

79.6%

86.1%-6.5pp

87.1%-7.5pp

70.7%+8.9pp

Annual return

19.25%

22.79%-3.5pp

1501.67%-1482.4pp

27571.02%-27551.8pp

Employer contribution / active EE

$1,400

$3,239-56.8%

$5,444-74.3%

$2,032-31.1%

Participant deferral / active EE

$3,512

$4,994-29.7%

$6,568-46.5%

$3,224+8.9%

Admin fee / account holder

$226

$107+111.5%

$11,282-98.0%

$110+104.6%

Provider

Service type

Compensation

COLUMBIA BENEFITS CONSULTANTS, INC.2 years

Filed as: COLUMBIA BENEFITS CONSULTANTS INC

Service code 13 · EIN 52-1904735

8820 COLUMBIA 100 PKWY · COLUMBIA, MD 21045

Contract Administrator

$47,109

LPL FINANCIAL2 years

Filed as: LPL FINANCIAL LLC-RPCP

Service code 27 · EIN 04-3046611

8820 COLUMBIA 100 PKWY. · COLUMBIA, MD 21045

Advisory (Plan)

$27,685

KATZABOSCH2 years

Service code 10 · EIN 52-1003788

9881 BROKEN LAND PKWY. · COLUMBIA, MD 21046

Accounting

$15,500

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$8,935

COLUMBIA BENEFITS CONSULTANTS, INC.3+ years

Filed as: COLUMBIA BENEFITS CONSULTANTS

Service code 13

Contract Administrator

$8,285

WILSHIRE ASSOCIATES INCORPORATED3+ years

Service code 27

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