JH Kelly Holdings LLC

FINALIST

Kari White
Director of Human Resources

Location:

Longview, Washington
Industry:

Commercial construction
Plan(s) Offered:

Nonunion 401(k)*; union 401(k)
Plan Assets:

$104.6M
Number of Participants:

407
DC Plan Participation Rate:

94%
DC Plan Average Deferral Rate:

9% (approximately)
Automatic Enrollment:

Yes
Automatic Escalation:

Yes
Default Deferral Rate for Auto-Enrollment:

2%
Default Investment Fund:

Fidelity Freedom Blend target-date funds collective investment trusts
DC Plan Employer Contribution:

50% of 6% + profit-sharing (both discretionary)—made pro rata for $26,200 (approximately) of employer contributions per eligible participant
Recordkeeper:

Fidelity Investments
Plan Adviser:

Graystone Consulting from Morgan Stanley – Pacific Mountain
Financial Wellness Educator(s):

Graystone Consulting from Morgan Stanley – Pacific Mountain

*All stats are for the nonunion 401(k).

Left to right: (top row) Kari White, HR Director; Mackenzi Wilcox, HR Generalist;
(middle row) Devon Eisele, Controller; Melissa Bent, Executive Vice President – CFO; Tracey Brannon, Office Manager;
(bottom row) Josh Atkinson, Vice President – Field Labor; Craig Yabui, Executive Vice President, General Counsel; Tom Lee, Executive Vice President, COO.

At JH Kelly Holdings, a provider of HVAC and plumbing services for commercial facilities, 73% of participants are invested in a professionally managed solution. Collective investment trusts, as the qualified default investment alternative, have lowered participant costs. To help participants make informed decisions, the sponsor stresses education, providing on-demand guidance, quarterly educational meetings—such as “Getting Retirement Ready” for near-retirees—and newsletters, plus a dedicated microsite. Seventy-five percent of participants in the nonunion plan save an average of 15% or more, between employee and employer contributions; an additional 10% save 10% to 15%.

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