Modern Disposal Services, Inc. 401(k) Review & Grade
Modern Disposal Services, Inc. 401(k) Plan
Model City, NYAdministrative, Support & Staffing Services539 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,713Employer $ per active participant
$4,252Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$28.2MNet plan assets, end of year
$46,223Average balance per account
Score breakdown
- Employer generosity37.0 / 5074th percentile for employer $ per participant
- Low cost10.5 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving10.9 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 42th |
| Employee saving | 73th |
| Peers that auto-enroll | 27% |
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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
- Modern Disposal Services put in about $1,713 per active participant, more than the typical peer ($712). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $923,540 |
| Participant (employee) contributions | $2,291,868 |
| Other contributions (incl. rollovers in) | $55,650 |
| Administrative expenses paid from the plan | $78,565 |
| Contract administrator fees | $78,565 |
| Benefits paid out | $4,432,153 |
| Net assets, start / end of year | $26.5M / $28.2M |
| Active participants, start / end of year | 575 / 503 |
| Participants with account balances | 610 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Brock, Schechter & Polakoff, LLP |
Largest service providers (Schedule C)
| Courier Capital Inc | $26,088 reported compensation |
| Actuarial Consulting Services | $13,433 reported compensation |
| Principal Life Insurance Company | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015102129NAL0002234531001, received 2025-10-15, EIN 16-0875858, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.