Ro Health, Inc. 401(k) Review & Grade
Ro Health 401(k) Plan
Seattle, WAHealth Care & Social Assistance5,746 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$100Employer $ per active participant
$237Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$7.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity11.7 / 5023th percentile for employer $ per participant
- Low cost11.6 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving1.4 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 46th |
| Employee saving | 10th |
| Peers that auto-enroll | 38% |
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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 ($27,732 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
- Ro Health put in about $100 per active participant, below the typical peer ($800). 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.
- 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 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 | $572,620 |
| Participant (employee) contributions | $1,363,021 |
| Other contributions (incl. rollovers in) | $158,278 |
| Administrative expenses paid from the plan | $8,625 |
| Contract administrator fees | $8,625 |
| Benefits paid out | $410,392 |
| Net assets, start / end of year | $5.0M / $7.5M |
| Active participants, start / end of year | 4,967 / 6,526 |
| Participants with account balances | 355 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Smith Bunday Berman Britton P.S. |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $8,625 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006141130NAL0003742177001, received 2025-10-06, EIN 46-3049972, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.