Greenwaste Recovery, LLC 401(k) Review & Grade
Greenwaste Recovery, LLC Retirement Plan
San Jose, CAAdministrative, Support & Staffing Services899 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,812Employer $ per active participant
$3,415Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$61.8MNet plan assets, end of year
$54,907Average balance per account
Score breakdown
- Employer generosity46.4 / 5093th percentile for employer $ per participant
- Low cost7.6 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 30th |
| Employee saving | 66th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($785,066 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $102,470 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Greenwaste Recovery put in about $3,812 per active participant, more than the typical peer ($712). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.40% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,427,296 |
| Participant (employee) contributions | $3,069,966 |
| Other contributions (incl. rollovers in) | $27,894 |
| Administrative expenses paid from the plan | $228,890 |
| Contract administrator fees | $228,890 |
| Benefits paid out | $3,657,650 |
| Net assets, start / end of year | $52.4M / $61.8M |
| Active participants, start / end of year | 916 / 882 |
| Participants with account balances | 1,125 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Metz & Associates, PLLC |
Largest service providers (Schedule C)
| Stancorp Financial Group | $130,033 reported compensation |
| LPL Financial Corporation Rpcp | $55,173 reported compensation |
| Mariner Wealth Advisor | $47,544 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251205110343NAL0002090003001, received 2025-12-05, EIN 68-0249188, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.