Plan Ledger DOL Form 5500 · updated monthly

Walters Recycling and Refuse, Inc.401(k)

WALTERS 401(K) PLAN · BLAINE, MN · plan year 2024

Reported admin expense ratio · 2024
0.17%

Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works

Walters Recycling and Refuse, Inc. reported $12,525 in plan administrative expenses for 2024: 0.17% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,982 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.15% to 0.17%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Minnesota (1,368th of 1,918), and the 1,093rd of 2,534 in administrative & support services. In 2024, employees put in $1.70 for every $1.00 the employer contributed; active participation has grown from 138 to 154 since 2022.

Plan summary
Net assets, end of year$8,730,928
Participants with balances189
Active participants154
Employer contributions$459,299
Employee contributions$780,298
Employer contribution per active participant$2,982
Average account balance$46,195
Benefits paid to participants$347,576
Plan auditUnmodified (clean) audit opinion
AuditorCOPELAND BUHL & COMPANY PLLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 189 accts · $459K emplr
2023$6.4M · 181 accts · $402K emplr
2022$5.2M · 138 accts · $143K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,075
Total administrative$12,525
The Walters Recycling and Refuse, Inc. 401(k) match · 2024
Employer contribution per active participant$2,982
Median for plans this size$1,313
2024$2,982 per active participant
2023$2,607 per active participant
2022$1,040 per active participant

Walters Recycling and Refuse, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
MORNINGSTAR · Investment advisory (plan)indirect comp
TAX SHELTERED COMPENSATION · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$12,525 · 0.17%
2023$9,650 · 0.17%
2022$8,775 · 0.15%
Same employer
Similar plansAdministrative & Support Services · Minnesota
Pizza Luce Management, Inc. MN$12.0M · 0.75%
Aspen Waste Systems, Inc. MN$8.8M · 0.15%
Versique, Inc. MN$8.3M · 0.80%
Hired MN$6.6M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411605639 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.