GFL Environmental Holdings (US), Inc. 401(k) Review & Grade
GFL Environmental US 401(k) Plan
Raleigh, NCOther Services9,702 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,316Employer $ per active participant
$3,668Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$311.7MNet plan assets, end of year
$32,992Average balance per account
Score breakdown
- Employer generosity34.1 / 5068th percentile for employer $ per participant
- Low cost6.7 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving9.5 / 1563th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Other Services plans with 2,500–9,999 active participants (42 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 27th |
| Employee saving | 63th |
| Peers that auto-enroll | 45% |
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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
- GFL Environmental Holdings (US) put in about $2,316 per active participant, more than the typical peer ($1,132). 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 (0.26% 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 | $22,467,144 |
| Participant (employee) contributions | $35,582,432 |
| Other contributions (incl. rollovers in) | $4,305,584 |
| Administrative expenses paid from the plan | $746,467 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $36,091 |
| Other admin expenses | $537 |
| Benefits paid out | $48,367,333 |
| Net assets, start / end of year | $264.1M / $311.7M |
| Active participants, start / end of year | 9,739 / 9,664 |
| Participants with account balances | 9,449 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Romeo Wiggins and Company LLP |
| Employer stock held by plan | $3,111,162 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $710,090 reported compensation |
| Comperio Retirement Consulting Inc | $36,360 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014085556NAL0001142227001, received 2025-10-14, EIN 38-4015039, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.