Universal Waste Systems, Inc. 401(k) Review & Grade
Universal Waste Systems, Inc. 401(k) Plan
Santa Fe Springs, CAAdministrative, Support & Staffing Services598 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,574Employer $ per active participant
$3,011Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$11.7MNet plan assets, end of year
$31,449Average balance per account
Score breakdown
- Employer generosity36.0 / 5072th percentile for employer $ per participant
- Low cost12.2 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving9.5 / 1563th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score61 / 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 | 72th |
| Lower admin cost | 49th |
| Employee saving | 63th |
| 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
- Universal Waste Systems put in about $1,574 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.
- 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 | $941,317 |
| Participant (employee) contributions | $1,800,516 |
| Other contributions (incl. rollovers in) | $267,384 |
| Administrative expenses paid from the plan | $25,061 |
| Benefits paid out | $1,803,481 |
| Net assets, start / end of year | $9.3M / $11.7M |
| Active participants, start / end of year | 589 / 607 |
| Participants with account balances | 372 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Scott Miller CPA & Associates,pc |
Largest service providers (Schedule C)
| Adp, Inc. | $13,061 reported compensation |
| Scott Miller CPA & Associates Inc | $12,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250724051720NAL0005426000001, received 2025-07-24, EIN 33-0194543, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.