Plan Ledger DOL Form 5500 · updated monthly

Wastequip, LLC.401(k)

WASTEQUIP LLC 401(K) RETIREMENT PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Wastequip, LLC. reported $246,068 in plan administrative expenses for 2024: 0.36% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,348 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 0.33% to 0.36%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 281st-largest of 2,005 plans among North Carolina employers on file, and the 2,390th of 13,661 in manufacturing. In 2024, employees put in $2.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$72,865,302
Participants with balances2,174
Active participants1,904
Employer contributions$2,566,192
Employee contributions$7,043,456
Employer contribution per active participant$1,348
Average account balance$33,517
Benefits paid to participants$9,635,270
Plan auditUnmodified (clean) audit opinion
AuditorBERNARD ROBINSON & COMPANY, L.L.P
Plan history3
Yearassets · accounts · employer contribution
2024$72.9M · 2,174 accts · $2.6M emplr
2023$65.1M · 2,167 accts · $2.5M emplr
2022$55.0M · 2,164 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$246,068
Total administrative$246,068
The Wastequip, LLC. 401(k) match · 2024
Employer contribution per active participant$1,348
Median for plans this size$3,635
2024$1,348 per active participant
2023$1,317 per active participant
2022$1,189 per active participant

Wastequip, LLC.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$246,068
CREATIVE PLANNING - LOCKTON RETIREM · Other servicesindirect comp
BERNARD ROBINSON & COMPANY, L.L.P. · Accounting / auditindirect comp
FAULKNER AND THOMPSON, P.A. · Accounting / auditindirect 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$246,068 · 0.36%
2023$213,903 · 0.36%
2022$189,137 · 0.33%
Same employer
Similar plansManufacturing · North Carolina
Insteel Industries, Inc. NC$76.8M · 0.13%
Cem Corporation NC$75.8M · 0.08%
Pyxus International, Inc. NC$69.1M · 0.19%
Hyosung Holdings USA, Inc NC$65.6M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341598206 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.