Waste Pro USA, Inc. 401(k) Review & Grade
Waste Pro USA, Inc. 401(k) Plan
Longwood, FLAdministrative, Support & Staffing Services4,452 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$750Employer $ per active participant
$2,661Employee $ saved per active participant
0.77%Direct admin cost, % of plan assets
$62.9MNet plan assets, end of year
$12,618Average balance per account
Score breakdown
- Employer generosity33.1 / 5066th percentile for employer $ per participant
- Low cost1.8 / 257th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 7th |
| Employee saving | 68th |
| Peers that auto-enroll | 22% |
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Red flags from the filing
Corrective distributions: the plan refunded $63,154 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Waste Pro USA put in about $750 per active participant, more than the typical peer ($342). 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 (0.77% of assets) are well above similar-size plans (0.12%). 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 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 | $3,340,146 |
| Participant (employee) contributions | $11,847,410 |
| Other contributions (incl. rollovers in) | $927,172 |
| Administrative expenses paid from the plan | $434,322 |
| Investment advisory & management fees | $217,865 |
| Benefits paid out | $8,703,710 |
| Net assets, start / end of year | $50.5M / $62.9M |
| Active participants, start / end of year | 4,448 / 4,457 |
| Participants with account balances | 4,983 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Rehmann Robson LLC |
Largest service providers (Schedule C)
| Adp, Inc. | $434,321 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $314,187 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250808051904NAL0012461378001, received 2025-08-08, EIN 59-2733978, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.