Plan Ledger DOL Form 5500 · updated monthly

Rack Room Shoes, Inc.401(k)

THE DEICHMANN U.S. RETIREMENT BENEFIT PROGRAM · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.27%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Rack Room Shoes, Inc. reported $204,540 in plan administrative expenses for 2024: 0.27% of average plan assets, higher than ~75% of peers. Employer contributions averaged $865 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.27%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 247th-largest of 2,005 plans among North Carolina employers on file, and the 441st of 5,215 in retail trade. In 2024, employees put in $1.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$80,668,769
Participants with balances1,031
Active participants2,855
Employer contributions$2,469,597
Employee contributions$3,932,019
Employer contribution per active participant$865
Average account balance$78,243
Benefits paid to participants$7,534,233
Plan auditUnmodified (clean) audit opinion
AuditorGREER WALKER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$80.7M · 1,031 accts · $2.5M emplr
2023$73.4M · 1,048 accts · $2.4M emplr
2022$62.6M · 1,070 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$132,016
Investment management$72,224
Total administrative$204,540
The Rack Room Shoes, Inc. 401(k) match · 2024
Employer contribution per active participant$865
Median for plans this size$3,635
2024$865 per active participant
2023$873 per active participant
2022$817 per active participant

Rack Room Shoes, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
MMA SECURITIES LLC · Investment advisory (plan)$45,000
EMPOWER ADVISORY GROUP, LLC · Investment management$27,224
QDRO CONSULTANTS COMPANY, LLC$300

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$204,540 · 0.27%
2023$180,955 · 0.27%
2022$190,975 · 0.28%
Same employer
Similar plansRetail Trade · North Carolina
Weisiger Group Inc NC$166.9M · 0.20%
Leith, Inc. NC$146.2M · 0.02%
Carolina Dealerships Inc. NC$112.2M · 0.73%
Driven Brands Inc. NC$79.9M · 0.34%
The Fresh Market, Inc. NC$78.8M · 0.47%
Cato Corporation NC$72.9M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561060053 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.