Plan Ledger DOL Form 5500 · updated monthly

Rackspace, US Inc.401(k)

RACKSPACE US, INC. 401(K) PLAN · SAN ANTONIO, TX · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Rackspace, US Inc. reported $227,370 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $4,027 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 2 years on file its reported administrative ratio fell from 0.07% to 0.06%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other management of companies employers. By assets it is the 233rd-largest of 5,688 plans among Texas employers on file, and the 97th of 786 in management of companies. In 2024, employees put in $2.94 for every $1.00 the employer contributed; active participation has shrunk from 2,474 to 1,650 since 2022.

Plan summary
Net assets, end of year$404,839,041
Participants with balances3,977
Active participants1,650
Employer contributions$6,644,771
Employee contributions$19,543,344
Employer contribution per active participant$4,027
Average account balance$101,795
Benefits paid to participants$57,998,970
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$404.8M · 3,977 accts · $6.6M emplr
2023$380.9M · 4,401 accts · $7.6M emplr
2022$337.2M · 4,935 accts · $7.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$227,370
Total administrative$227,370
The Rackspace, US Inc. 401(k) match · 2024
Employer contribution per active participant$4,027
Median for plans this size$4,294
2024$4,027 per active participant
2023$3,994 per active participant
2022$3,172 per active participant

Rackspace, US Inc.'s 2024 employer contribution ran below the $4,294 median for plans its size. 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$227,370

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$227,370 · 0.06%
2023$234,457 · 0.07%
2022$248,065 · 0.07%
Similar plansManagement of Companies · Texas
Thryv Holdings Inc. TX$840.6M · 0.07%
Hilltop Holdings Inc. TX$809.7M · 0.06%
Team, Inc. TX$357.2M · 0.03%
Contran Corporation TX$293.3M · 0.02%
Globe Life Inc. TX$293.2M · 0.06%
Warren Equipment Company TX$238.6M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742900680 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.