Ruoff Mortgage Company, Inc. 401(k) Review & Grade
Ruoff Mortgage Company, Inc. 401(k) Profit Sharing Plan and Trust
Fort Wayne, INFinance & Insurance649 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$797Employer $ per active participant
$6,102Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$36.6MNet plan assets, end of year
$48,015Average balance per account
Score breakdown
- Employer generosity3.7 / 507th percentile for employer $ per participant
- Low cost6.9 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 28th |
| Employee saving | 35th |
| Peers that auto-enroll | 62% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Ruoff Mortgage Company put in about $797 per active participant, below the typical peer ($3,606). 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 (0.43% 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 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 | $517,337 |
| Participant (employee) contributions | $3,960,271 |
| Other contributions (incl. rollovers in) | $166,074 |
| Administrative expenses paid from the plan | $155,925 |
| Investment advisory & management fees | $36,806 |
| Benefits paid out | $6,446,296 |
| Net assets, start / end of year | $35.2M / $36.6M |
| Active participants, start / end of year | 684 / 614 |
| Participants with account balances | 763 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $119,119 reported compensation |
| Empower Advisory Group, LLC | $36,806 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250827142019NAL0005065939001, received 2025-08-27, EIN 35-1616238, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.