Retirement plan

SAFE-HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF WASTE-AID SYSTEMS, INC.

Name: WASTE-AID SYSTEMS, INC. - SAFE-HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF WASTE-AID SYSTEMS, INC. (2024) Form 5500
Creator: WASTE-AID SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAFE-HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF WASTE-AID SYSTEMS, INC., WASTE-AID SYSTEMS, INC.

WASTE-AID SYSTEMS, INC.EIN 59-3455654Plan #001PY 2024

8128 OLD CR 54 - NEW PORT RICHEY, FL 346536008wasteaidsystems.comLinkedIn11-50 employeesutilities

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.3M

+16.8% from 2023

Total participants

0.0% from 2023

Average account balance

$174,137

+16.8% from 2023

Annual return

16.00%

-3.14 pp from 2023

Benchmarks

See 1,939 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,939 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.26M

Not enough data

1 years with asset history on file

Average account balance

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

$174K

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.

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$145K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+16.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10032

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T3D

Plan features

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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$130K

$9315 / participant

Other / not subdivided$130K100.0%

% of EOY assets

5.761%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$174,137

$97,078+79.4%

$103,065+69.0%

$145,897+19.4%

Participation rate

85.7%

81.1%+4.6pp

80.6%+5.2pp

80.3%+5.4pp

Annual return

16.00%

25.49%-9.5pp

23.95%-8.0pp

552.29%-536.3pp

Employer contribution / active EE

$3,457

$4,680-26.1%

$4,675-26.0%

$4,663-25.8%

Participant deferral / active EE

$6,897

$6,601+4.5%

$6,625+4.1%

$6,689+3.1%

Admin fee / account holder

$10,032

$12,505-19.8%

$9,349+7.3%

$13,390-25.1%

SAFE-HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF WASTE-AID SYSTEMS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAFE-HARBOR 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF WASTE-AID SYSTEMS, INC.

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