Waste Connections, Inc. 401(k) Review & Grade
Waste Connections, Inc. 401(k) Profit Sharing Plan
The Woodland, TXAdministrative, Support & Staffing Services17,001 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,150Employer $ per active participant
$3,263Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$799.3MNet plan assets, end of year
$69,166Average balance per account
Score breakdown
- Employer generosity43.8 / 5088th percentile for employer $ per participant
- Low cost6.3 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1581th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 10,000+ active participants (33 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 25th |
| Employee saving | 81th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Waste Connections put in about $2,150 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.
- Direct plan expenses (0.16% of assets) are well above similar-size plans (0.09%). 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.
- 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 | $36,554,946 |
| Participant (employee) contributions | $55,469,708 |
| Other contributions (incl. rollovers in) | $7,810,877 |
| Administrative expenses paid from the plan | $1,205,023 |
| Contract administrator fees | $761,334 |
| Investment advisory & management fees | $429,789 |
| Other admin expenses | $13,900 |
| Benefits paid out | $73,118,278 |
| Net assets, start / end of year | $684.0M / $799.3M |
| Active participants, start / end of year | 16,709 / 17,293 |
| Participants with account balances | 11,557 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Weaver & Tidwell LLP |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $874,725 reported compensation |
| Morgan Stanley Smith Barney LLC | $359,106 reported compensation |
| Voya Retirement Advisors, LLC | $335,262 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001141220NAL0017902835001, received 2025-10-01, EIN 68-0400286, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.