Puerto Rico Waste Management Group Corp. 401(k) Review & Grade
Puerto Rico Waste Management Group Corp. 1165(e) Plan
Gurabo, PRAdministrative, Support & Staffing Services1,138 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$171Employer $ per active participant
$816Employee $ saved per active participant
2.39%Direct admin cost, % of plan assets
$7.3MNet plan assets, end of year
$5,917Average balance per account
Score breakdown
- Employer generosity13.1 / 5026th percentile for employer $ per participant
- Low cost0.2 / 251th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1527th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score7 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 1th |
| Employee saving | 27th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($133,641 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Puerto Rico Waste Management Group put in about $171 per active participant, below the typical peer ($712). 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 (2.39% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $194,781 |
| Participant (employee) contributions | $929,003 |
| Other contributions (incl. rollovers in) | $4,400 |
| Administrative expenses paid from the plan | $162,233 |
| Other admin expenses | $162,233 |
| Benefits paid out | $586,628 |
| Net assets, start / end of year | $6.2M / $7.3M |
| Active participants, start / end of year | 1,037 / 1,239 |
| Participants with account balances | 1,242 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Driven PSC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $108,561 reported compensation |
| Independent Financial Group LLC | $33,478 reported compensation |
| A & a Employee Benefits Consulting | $6,316 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015141137NAL0006538128001, received 2025-10-15, EIN 66-0707570, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.