Rack Room Shoes, Inc. 401(k) Review & Grade
The Deichmann U.S. Retirement Benefit Program
Charlotte, NCRetail Trade2,872 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$860Employer $ per active participant
$1,369Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$80.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity29.4 / 5059th percentile for employer $ per participant
- Low cost6.6 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 26th |
| Employee saving | 35th |
| Peers that auto-enroll | 42% |
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
- Rack Room Shoes put in about $860 per active participant, more than the typical peer ($650). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.27% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $2,469,597 |
| Participant (employee) contributions | $3,932,019 |
| Other contributions (incl. rollovers in) | $231,625 |
| Administrative expenses paid from the plan | $204,540 |
| Investment advisory & management fees | $72,224 |
| Other admin expenses | $300 |
| Benefits paid out | $7,534,233 |
| Net assets, start / end of year | $73.4M / $80.7M |
| Active participants, start / end of year | 2,889 / 2,855 |
| Participants with account balances | 1,031 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Greer Walker LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $132,016 reported compensation |
| Mma Securities LLC | $45,000 reported compensation |
| Empower Advisory Group, LLC | $27,224 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013105955NAL0001763264001, received 2025-10-13, EIN 56-1060053, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.