Republic Services, Inc. 401(k) Review & Grade
Republic Services, Inc. 401(k) Plan
Phoenix, AZAdministrative, Support & Staffing Services32,972 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,681Employer $ per active participant
$4,735Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$2.7BNet plan assets, end of year
$65,551Average balance per account
Score breakdown
- Employer generosity46.9 / 5094th percentile for employer $ per participant
- Low cost9.0 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving13.1 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 10,000+ active participants (33 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 36th |
| Employee saving | 88th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,222 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Republic Services put in about $2,681 per active participant, more than the typical peer ($271). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $88,389,865 |
| Participant (employee) contributions | $156,139,896 |
| Other contributions (incl. rollovers in) | $14,723,622 |
| Administrative expenses paid from the plan | $3,062,555 |
| Investment advisory & management fees | $1,665,784 |
| Benefits paid out | $265,116,985 |
| Net assets, start / end of year | $2.4B / $2.7B |
| Active participants, start / end of year | 32,629 / 33,316 |
| Participants with account balances | 40,682 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
| Employer stock held by plan | $7,654,765 |
Largest service providers (Schedule C)
| The Vanguard Group Inc. | $1,830,483 reported compensation |
| Vanguard Advisers Inc. | $1,484,803 reported compensation |
| Capfinancial Partners, LLC | $125,481 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015061708NAL0008324946001, received 2025-10-15, EIN 65-0716904, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.