Ruggable, LLC 401(k) Review & Grade
Ruggable 401(k) Plan
Gardena, CAManufacturing555 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,892Employer $ per active participant
$4,579Employee $ saved per active participant
0.65%Direct admin cost, % of plan assets
$13.6MNet plan assets, end of year
$20,785Average balance per account
Score breakdown
- Employer generosity20.4 / 5041th percentile for employer $ per participant
- Low cost3.8 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving6.8 / 1545th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 15th |
| Employee saving | 45th |
| Peers that auto-enroll | 59% |
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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 ($27,246 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
- Ruggable put in about $1,892 per active participant, below the typical peer ($2,320). 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 (0.65% 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 | $1,050,307 |
| Participant (employee) contributions | $2,541,417 |
| Other contributions (incl. rollovers in) | $308,121 |
| Administrative expenses paid from the plan | $77,875 |
| Contract administrator fees | $24,479 |
| Investment advisory & management fees | $53,396 |
| Benefits paid out | $2,235,072 |
| Net assets, start / end of year | $10.4M / $13.6M |
| Active participants, start / end of year | 589 / 521 |
| Participants with account balances | 656 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Windes, Inc. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $60,002 reported compensation |
| Nova 401(k) Associates | $9,500 reported compensation |
| Empower Advisory Group, LLC | $7,675 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015164746NAL0010387698002, received 2025-10-15, EIN 35-2374012, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.