Kelly Services, Inc 401(k) Review & Grade
Kelly Retirement Plus
Troy, MIAdministrative, Support & Staffing Services3,198 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,246Employer $ per active participant
$4,075Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$270.3MNet plan assets, end of year
$71,878Average balance per account
Score breakdown
- Employer generosity37.5 / 5075th percentile for employer $ per participant
- Low cost8.5 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving11.9 / 1579th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 34th |
| Employee saving | 79th |
| Peers that auto-enroll | 22% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($13,255 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 Services put in about $1,246 per active participant, more than the typical peer ($342). 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 (0.20% of assets) are well above similar-size plans (0.12%). 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 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 | $3,984,526 |
| Participant (employee) contributions | $13,029,125 |
| Other contributions (incl. rollovers in) | $908,092 |
| Administrative expenses paid from the plan | $536,981 |
| Investment advisory & management fees | $42,500 |
| Other admin expenses | $233,644 |
| Benefits paid out | $31,199,260 |
| Net assets, start / end of year | $254.1M / $270.3M |
| Active participants, start / end of year | 3,355 / 3,040 |
| Participants with account balances | 3,761 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran PLLC |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $227,512 reported compensation |
| Thompson Hine | $69,593 reported compensation |
| Captrust | $42,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008113858NAL0009330016001, received 2025-10-08, EIN 38-1510762, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.