Retirement plan

EMPLOYEE BENEFIT PLAN OF WASTE-AID SYSTEMS, INC.

Name: WASTE-AID SYSTEMS, INC. - EMPLOYEE BENEFIT PLAN OF WASTE-AID SYSTEMS, INC. (2021) Form 5500
Creator: WASTE-AID SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF WASTE-AID SYSTEMS, INC., WASTE-AID SYSTEMS, INC.

WASTE-AID SYSTEMS, INC.EIN 59-3455654Plan #001PY 2021

8128 OLD CR 54 - NEW PORT RICHEY, FL 346536008727-842-9309wasteaidsystems.comLinkedIn11-50 employeesutilities

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.7M

+20.3% from 2020

Total participants

-43.8% from 2020

Average account balance

$186,181

+33.7% from 2020

Annual return

21.75%

+6.77 pp from 2020

Benchmarks

See 1,524 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,524 peers

Snapshot2021

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

$131K

Other / not subdivided$131K100.0%

% of EOY assets

7.795%

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

$186,181

$114,199+63.0%

$119,237+56.1%

$167,553+11.1%

Participation rate

0.0%

83.7%-83.7pp

82.7%-82.7pp

82.1%-82.1pp

Annual return

21.75%

29.88%-8.1pp

30.70%-8.9pp

478.89%-457.1pp

Employer contribution / active EE

$4,480-100.0%

$4,383-100.0%

$4,840-100.0%

Participant deferral / active EE

$6,086-100.0%

$6,112-100.0%

$6,343-100.0%

Admin fee / account holder

$14,513

$8,939+62.4%

$7,229+100.8%

$12,316+17.8%

EMPLOYEE BENEFIT PLAN OF WASTE-AID SYSTEMS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN 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