Coastal Waste & Recycling, Inc. 401(k) Review & Grade
Coastal Waste & Recycling Inc. 401(k) Profit Sharing Plan and T
Boca Raton, FLProfessional, Scientific & Technical Services1,366 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,186Employer $ per active participant
$2,227Employee $ saved per active participant
1.49%Direct admin cost, % of plan assets
$11.6MNet plan assets, end of year
$14,859Average balance per account
Score breakdown
- Employer generosity11.1 / 5022th percentile for employer $ per participant
- Low cost0.7 / 253th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 3th |
| Employee saving | 11th |
| Peers that auto-enroll | 48% |
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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
- Coastal Waste & Recycling put in about $1,186 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- 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 (1.49% of assets) are well above similar-size plans (0.23%). 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 | $1,618,826 |
| Participant (employee) contributions | $3,041,332 |
| Other contributions (incl. rollovers in) | $639,807 |
| Administrative expenses paid from the plan | $149,061 |
| Investment advisory & management fees | $44,449 |
| Benefits paid out | $3,083,802 |
| Net assets, start / end of year | $8.4M / $11.6M |
| Active participants, start / end of year | 1,272 / 1,459 |
| Participants with account balances | 784 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohnreznick LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $104,612 reported compensation |
| Stillwater Wealth Management Group | $44,447 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251011050959NAL0004619379001, received 2025-10-11, EIN 82-4352641, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.