Plan Ledger DOL Form 5500 · updated monthly

Kelly, Scott and Madison, Inc.401(k)

KELLY, SCOTT AND MADISON, INC. PROFIT SHARING PLAN AND TRUST · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.41%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Kelly, Scott and Madison, Inc. reported $91,149 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,489 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.27% to 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,577th-largest of 3,702 plans among Illinois employers on file, and the 5,076th of 11,654 in professional & technical services. In 2024, employees put in $5.99 for every $1.00 the employer contributed; active participation has shrunk from 165 to 87 since 2022.

Plan summary
Net assets, end of year$22,902,747
Participants with balances182
Active participants87
Employer contributions$129,530
Employee contributions$775,588
Employer contribution per active participant$1,489
Average account balance$125,839
Benefits paid to participants$3,326,247
Plan auditUnmodified (clean) audit opinion
AuditorMILLER, COOPER & CO., LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$22.9M · 182 accts · $130K emplr
2023$21.7M · 215 accts · $140K emplr
2022$19.3M · 269 accts · $526K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,149
Total administrative$91,149
The Kelly, Scott and Madison, Inc. 401(k) match · 2024
Employer contribution per active participant$1,489
Median for plans this size$2,416
2024$1,489 per active participant
2023$1,444 per active participant
2022$3,188 per active participant

Kelly, Scott and Madison, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
RBC WEALTH MANAGEMENTindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$91,149 · 0.41%
2023$79,004 · 0.39%
2022$56,062 · 0.27%
Same employer
Similar plansProfessional & Technical Services · Illinois
Kay and Associates, Inc. IL$23.1M · 0.61%
Rjn Group, Inc. IL$23.0M · 0.33%
L&G Law Group LLP IL$22.9M · 0.27%
G Treasury Ss, LLC IL$22.2M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362586788 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.