Kelley Automotive Group, LLC 401(k) Review & Grade
Kelley Automotive Group, LLC 401(k) Plan
Fort Wayne, INRetail Trade568 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,138Employer $ per active participant
$3,820Employee $ saved per active participant
0.59%Direct admin cost, % of plan assets
$28.0MNet plan assets, end of year
$42,383Average balance per account
Score breakdown
- Employer generosity33.7 / 5067th percentile for employer $ per participant
- Low cost4.5 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1562th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 18th |
| Employee saving | 62th |
| Peers that auto-enroll | 48% |
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
Auditor disclaimer: the auditor issued a disclaimer of opinion.
Corrective distributions: the plan refunded $509 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Kelley Automotive Group put in about $1,138 per active participant, more than the typical peer ($743). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Direct plan expenses (0.59% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $645,790 |
| Participant (employee) contributions | $2,167,673 |
| Other contributions (incl. rollovers in) | $239,332 |
| Administrative expenses paid from the plan | $153,969 |
| Other admin expenses | $8,130 |
| Benefits paid out | $2,131,970 |
| Net assets, start / end of year | $24.3M / $28.0M |
| Active participants, start / end of year | 550 / 585 |
| Participants with account balances | 660 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Atm & Company Cpa's |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $145,839 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014100457NAL0003600992001, received 2025-10-14, EIN 27-2098643, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.