Retirement plan

USA WASTE AND RECYCLING, INC. MASTER 401(K) PROFIT SHARING PLAN

Name: USA WASTE AND RECYCLING, INC. - USA WASTE AND RECYCLING, INC. MASTER 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: USA WASTE AND RECYCLING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, USA WASTE AND RECYCLING, INC. MASTER 401(K) PROFIT SHARING PLAN, USA WASTE AND RECYCLING, INC.

USA WASTE AND RECYCLING, INC.EIN 06-1085178Plan #001PY 2024

555 TAYLOR ROAD - ENFIELD, CT 06082860-746-3200usarecycle.comLinkedIn201-500 employeesconsumer services

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$60.9M

+0.8% from 2023

Total participants

1,017

-18.8% from 2023

Average account balance

$60,290

-1.0% from 2023

Annual return

11.50%

-6.16 pp from 2023

Benchmarks

See 832 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort832 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$60.89M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$60K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,010

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.50%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$276

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$196,261
SMITH & HOWARD, PC2 years Filed as: SMITH BROTHERS FINANCIAL, LLC Service code 26 · EIN 06-1517948	Advisory (Participants)	$60,000
ADP BROKER-DEALER10+ years Filed as: PENSION CONSULTANTS, INC. Service code 12 · EIN 06-1504963	Claims processing	$22,800

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$279K

$361 / participant

Recordkeeping$196K70.3%
Investment mgmt$60K21.5%
Other / not subdivided$23K8.2%

% of EOY assets

0.458%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHNREZNICK, LLP
Auditor EIN: 334144829
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,290

$45,109+33.7%

$85,240-29.3%

$77,762-22.5%

Participation rate

99.1%

48.7%+50.4pp

67.5%+31.6pp

70.6%+28.5pp

Annual return

11.50%

79.55%-68.1pp

66.75%-55.3pp

31.27%-19.8pp

Employer contribution / active EE

$4,253

$1,602+165.5%

$2,735+55.5%

$2,728+55.9%

Participant deferral / active EE

$4,027

$2,814+43.1%

$4,527-11.1%

$4,651-13.4%

Admin fee / account holder

$276

$915-69.8%

$6,165-95.5%

$433-36.2%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY10+ years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$196,261

SMITH & HOWARD, PC2 years

Filed as: SMITH BROTHERS FINANCIAL, LLC

Service code 26 · EIN 06-1517948

Advisory (Participants)

$60,000

ADP BROKER-DEALER10+ years

Filed as: PENSION CONSULTANTS, INC.

Service code 12 · EIN 06-1504963

Claims processing

$22,800

USA WASTE AND RECYCLING, INC. MASTER 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

USA WASTE AND RECYCLING, INC. MASTER 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion