Plan Snapshot
- Plan Sponsor: Rack Builders, INC.
- Sponsor EIN: 264471266
- Sponsor Address: 3809 DYE ROAD, QUINCY, IL, 62305
- Plan Type: 401(k)
- Total Participants: 125
- Total Assets: $5.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 125 | $5.1M | $300,468 | $439,369 |
| 2023 | 118 | $3.9M | $269,427 | $405,687 |
| 2022 | 165 | $2.9M | $268,489 | $409,147 |
| 2021 | 165 | $3.1M | $0 | $0 |
| 2020 | 145 | $2.2M | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| GRAY HUNTER STENN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRAY HUNTER STENN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $50,199 | — | $50,199 | — | — |
| 2023 | $41,233 | $16,679 | $19,854 | — | — |
| 2022 | $37,006 | — | — | — | $5,823 |
| 2021 | $36,913 | $36,913 | — | — | — |
| 2020 | $30,925 | $8,630 | $22,295 | — | — |