Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

KELLY & PICERNE, INC. SAVINGS & RETIREMENT PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

KELLY & PICERNE, INC.

This Profit Sharing plan holds $27M in total assets and serves 427 participants as of 2022. It is sponsored by KELLY & PICERNE, INC. in Rhode Island. The plan reported a net loss of $7M for the year.

Total Assets (2023)
$27M
Participants
427
State
Industry
Real Estate

What the Filing Says About KELLY & PICERNE, INC. SAVINGS & RETIREMENT PLAN

KELLY & PICERNE, INC. SAVINGS & RETIREMENT PLAN is a Profit Sharing retirement plan sponsored by KELLY & PICERNE, INC., headquartered in Rhode Island. As of the 2022 Form 5500 filing, the plan reports $27M in total end-of-year assets and covers 427 participants across the Real Estate industry. The sponsor's EIN on file with the U.S. Department of Labor is 050243936, and the plan has been effective since 1988-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $34M at the beginning of 2022 to $27M at year-end — a decline of 21.7%. Net assets (after liabilities) closed the year at $27M, with reported net income of $-7,485,478 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$34M
Total Assets (End of Year)$27M
Net Assets (End of Year)$27M
Net Income$-7,485,478
Plan TypeProfit Sharing
Employer EIN050243936
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (KELLY & PICERNE, INC.)

Year Plans Participants Total Assets
2022 1 427 $27M
2023 1 397 $32M
2024 1 401 $36M

Nearby Profit Sharing Plans in Rhode Island

Peer Profit Sharing plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the KELLY & PICERNE, INC. SAVINGS & RETIREMENT PLAN?
As of the 2022 Form 5500 filing, KELLY & PICERNE, INC. SAVINGS & RETIREMENT PLAN holds $27M in total assets with 427 participants. It is sponsored by KELLY & PICERNE, INC..
What type of plan is KELLY & PICERNE, INC. SAVINGS & RETIREMENT PLAN?
KELLY & PICERNE, INC. SAVINGS & RETIREMENT PLAN is a Profit Sharing plan. It has been effective since 1988-01-01. The plan is filed with the U.S. Department of Labor under EIN 050243936.
Who sponsors the KELLY & PICERNE, INC. SAVINGS & RETIREMENT PLAN?
KELLY & PICERNE, INC. SAVINGS & RETIREMENT PLAN is sponsored by KELLY & PICERNE, INC., located in Rhode Island. The sponsor's EIN is 050243936 and the plan operates in the Real Estate industry.
How did KELLY & PICERNE, INC. SAVINGS & RETIREMENT PLAN perform in 2022?
KELLY & PICERNE, INC. SAVINGS & RETIREMENT PLAN declined by 21.7% during 2022, moving from $34M to $27M in total assets. Net income was $-7,485,478.
Where can I find official filings for KELLY & PICERNE, INC. SAVINGS & RETIREMENT PLAN?
Official Form 5500 filings for KELLY & PICERNE, INC. SAVINGS & RETIREMENT PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 050243936 or plan name at efast.dol.gov.
How does KELLY & PICERNE, INC. SAVINGS & RETIREMENT PLAN compare to other plans?
You can compare KELLY & PICERNE, INC. SAVINGS & RETIREMENT PLAN against other Profit Sharing plans on the plan type page, or view plans in Rhode Island on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 050243936.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.