Retirement plan

COVANTA ENERGY SAVINGS PLAN

Name: COVANTA PROJECTS, LLC - COVANTA ENERGY SAVINGS PLAN (2022) Form 5500
Creator: COVANTA PROJECTS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COVANTA ENERGY SAVINGS PLAN, COVANTA PROJECTS, LLC

COVANTA PROJECTS, LLCEIN 13-3213657Plan #005PY 2022

445 SOUTH STREET - MORRISTOWN, NJ 07970862-345-5400

Other plans on this EIN

1 filing

#011Retirement-$11.2M assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed February 3, 2025 (most recent of 2 filings on file)

Plan administrator

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445 South Street

Morristown, NJ 07960

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Plans declared (1)

Plan name not on file52 emp

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Total assets (EOY)

$754.1M

-7.6% from 2016

Total participants

4,177

+9.2% from 2016

Average account balance

$183,789

-14.7% from 2016

Annual return

-18.35%

-5.42 pp from 2016

Benchmarks

See 73 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants1,000-4,999

Cohort73 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$947.72M

Not enough data

1 years with asset history on file

Average account balance

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

$205K

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.

4,622

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.

76.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$53.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+15.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$202

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC4 years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$269,416
PORTFOLIO EVALUATIONS, INC.4 years Filed as: PORTFOLIO EVALUATIONS INC Service code 16 15 INDEPENDENCE BLVD · WARREN, NJ 07059	Consulting	$34,051
FINANCIAL ENGINES1 year Filed as: EDELMAN FINANCIAL ENGINES Service code 26 4000 LEGATO RD · FAIRFAX STATION, VA 22033	Advisory (Participants)	$31,994
CROWE LLP6 years Service code 10 PO BOX 71570 · CHICAGO, IL 60694	Accounting	$22,500
SMITH, GAMBRELL & RUSSELL, LLP4 years Service code 29 50 NORTH LAURA STREET · JACKSONVILLE, FL 32202	Legal	$20,937
CHARLES SCHWAB & CO., INC.4 years Service code 15 · EIN 94-1737782	Recordkeeping	$2,700

Plan features & details

Pension benefit codes2E2G2J2K2R3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$534K

$181 / participant

Investment mgmt$71K13.2%
Other / not subdivided$463K86.8%

% of EOY assets

0.071%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CROWE LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$183,789

$153,281+19.9%

$93,765+96.0%

$77,906+135.9%

Participation rate

97.5%

92.2%+5.3pp

81.0%+16.5pp

73.7%+23.8pp

Annual return

-18.35%

-5.55%-12.8pp

-11.32%-7.0pp

12.16%-30.5pp

Employer contribution / active EE

$6,438

$5,690+13.1%

$4,327+48.8%

$2,846+126.2%

Participant deferral / active EE

$8,872

$9,364-5.3%

$6,099+45.5%

$4,805+84.6%

Admin fee / account holder

$130

$114+14.0%

$7,184-98.2%

$133-1.9%

Provider

Service type

Compensation

T ROWE PRICE RPS INC4 years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$269,416

PORTFOLIO EVALUATIONS, INC.4 years

Filed as: PORTFOLIO EVALUATIONS INC

Service code 16

15 INDEPENDENCE BLVD · WARREN, NJ 07059

Consulting

$34,051

FINANCIAL ENGINES1 year

Filed as: EDELMAN FINANCIAL ENGINES

Service code 26

4000 LEGATO RD · FAIRFAX STATION, VA 22033

Advisory (Participants)

$31,994

CROWE LLP6 years

Service code 10

PO BOX 71570 · CHICAGO, IL 60694

Accounting

$22,500

SMITH, GAMBRELL & RUSSELL, LLP4 years

Service code 29

50 NORTH LAURA STREET · JACKSONVILLE, FL 32202

Legal

$20,937

CHARLES SCHWAB & CO., INC.4 years

Service code 15 · EIN 94-1737782

Recordkeeping

$2,700

COVANTA ENERGY SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COVANTA ENERGY SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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