Rack Builders 401(k) match, vesting and fees
What Rack Builders' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | John Hancock USA | Schedule C ↗ |
| Independent auditor | Gray Hunter Stenn LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 8,908 defined-contribution plans in manufacturing with 100 to 499 participants.
| Rack Builders: employer contribution per participant | $2,087 | |
| Peer median | $1,847 |
| Rack Builders: average balance | $35,205 | |
| Peer median | $65,512 |
| Rack Builders: admin expenses ÷ assets | 1.12% | |
| Peer median | 0.32% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $3.1M at the end of plan year 2021 to $5.1M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 144 | $5.1M | $300K | $2,087 | 1.12% | Not published | Form 5500 ↗ |
| 2023 | 149 | $3.9M | $269K | $1,833 | 1.22% | Not published | Form 5500 ↗ |
| 2022 | 217 | $2.9M | $268K | $1,543 | 1.24% | Not published | Form 5500 ↗ |
| 2021 | 217 | $3.1M | $261K | $1,501 | 1.39% | Not published | Form 5500 ↗ |
Common questions
Does Rack Builders match 401(k) contributions?
The match terms for the Rack Builders, Inc. 401(k) Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $300K in employer contributions, about $2,087 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Rack Builders 401(k) match vested?
The vesting schedule for the Rack Builders, Inc. 401(k) Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Rack Builders 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is John Hancock USA. The plan administrator is Futureplan Fiduciary Services LLC.
I left Rack Builders. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Futureplan Fiduciary Services LLC, (855) 711-5283) or the recordkeeper, John Hancock USA. The Rack Builders old 401(k) page lists the contacts from every plan filing. Find an old Rack Builders 401(k)
Data from the public Form 5500 annual reports Rack Builders filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Rack Builders. Not financial advice. Report a correction · Methodology