Retirement plan

WASTE CONNECTIONS, INC. 401(K) PROFIT SHARING PLAN

Name: WASTE CONNECTIONS, INC. - WASTE CONNECTIONS, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: WASTE CONNECTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WASTE CONNECTIONS, INC. 401(K) PROFIT SHARING PLAN, WASTE CONNECTIONS, INC.

WASTE CONNECTIONS, INC.EIN 68-0400286Plan #001PY 2023

3 WATERWAY SQUARE PLACE - THE WOODLAND, TX 77380832-442-2102wasteconnections.comLinkedIn10001+ employeesenvironmental services

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$684M

-17.7% from 2016

Total participants

18,837

-14.8% from 2016

Average account balance

$61,348

-9.1% from 2016

Annual return

19.27%

-16.42 pp from 2016

Benchmarks

See 55 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants>=10,000

Cohort55 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$799.35M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

11,557

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.

54.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$92.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$104

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 4 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY9+ years Service code 26 · EIN 71-0294708	Advisory (Participants)	$785,910
MORGAN STANLEY SMITH BARNEY9+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 99 · EIN 20-8764829	Other Fees	$290,795
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 02-0488491	Advisory (Participants)	$128,982
MORNINGSTAR4 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$67,363

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$982K

$59 / participant

Investment mgmt$343K34.9%
Contract admin$627K63.9%
Other / not subdivided$12K1.2%

% of EOY assets

0.144%

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: WEAVER & TIDWELL LLP
Auditor EIN: 750786316
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,348

$36,954+66.0%

$80,669-24.0%

$96,393-36.4%

Participation rate

54.0%

33.6%+20.4pp

67.0%-13.0pp

71.3%-17.3pp

Annual return

19.27%

36.74%-17.5pp

937.61%-918.3pp

22.88%-3.6pp

Employer contribution / active EE

$2,047

$776+163.9%

$2,724-24.8%

$3,239-36.8%

Participant deferral / active EE

$3,061

$1,942+57.6%

$4,444-31.1%

$5,455-43.9%

Admin fee / account holder

$88

$115-23.3%

$5,384-98.4%

$74+19.2%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY9+ years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$785,910

MORGAN STANLEY SMITH BARNEY9+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 99 · EIN 20-8764829

Other Fees

$290,795

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT ADVISORS, LLC

Service code 26 · EIN 02-0488491

Advisory (Participants)

$128,982

MORNINGSTAR4 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$67,363

WASTE CONNECTIONS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WASTE CONNECTIONS, INC. 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