401(k)
2024 plan-year 401(k) DOL Form 5500

RACK BUILDERS, INC. 401(K) RETIREMENT PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

RACK BUILDERS, INC.

This 401(k) plan holds $1M in total assets and serves 124 participants as of 2024. It is sponsored by RACK BUILDERS, INC. in Illinois. The plan reported positive net income of $643K for the year.

Total Assets (2023)
$1M
Participants
124
State
Industry
Manufacturing

What the Filing Says About RACK BUILDERS, INC. 401(K) RETIREMENT PLAN

RACK BUILDERS, INC. 401(K) RETIREMENT PLAN is a 401(k) retirement plan sponsored by RACK BUILDERS, INC., headquartered in Illinois. As of the 2024 Form 5500 filing, the plan reports $1M in total end-of-year assets and covers 124 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 264471266, and the plan has been effective since 2017-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $814K at the beginning of 2024 to $1M at year-end — a gain of 79.1%. Net assets (after liabilities) closed the year at $1M, with reported net income of $643K driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$814K
Total Assets (End of Year)$1M
Net Assets (End of Year)$1M
Net Income$643K
Plan Type401(k)
Employer EIN264471266
Plan Effective Date2017-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (RACK BUILDERS, INC.)

Year Plans Participants Total Assets
2022 1 165 $3M
2023 1 165 $4M
2024 4 550 $12M

Nearby 401(k) Plans in Illinois

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Frequently Asked Questions

How much money is in the RACK BUILDERS, INC. 401(K) RETIREMENT PLAN?
As of the 2024 Form 5500 filing, RACK BUILDERS, INC. 401(K) RETIREMENT PLAN holds $1M in total assets with 124 participants. It is sponsored by RACK BUILDERS, INC..
What type of plan is RACK BUILDERS, INC. 401(K) RETIREMENT PLAN?
RACK BUILDERS, INC. 401(K) RETIREMENT PLAN is a 401(k) plan. It has been effective since 2017-01-01. The plan is filed with the U.S. Department of Labor under EIN 264471266.
Who sponsors the RACK BUILDERS, INC. 401(K) RETIREMENT PLAN?
RACK BUILDERS, INC. 401(K) RETIREMENT PLAN is sponsored by RACK BUILDERS, INC., located in Illinois. The sponsor's EIN is 264471266 and the plan operates in the Manufacturing industry.
How did RACK BUILDERS, INC. 401(K) RETIREMENT PLAN perform in 2024?
RACK BUILDERS, INC. 401(K) RETIREMENT PLAN grew by 79.1% during 2024, moving from $814K to $1M in total assets. Net income was $643K.
Where can I find official filings for RACK BUILDERS, INC. 401(K) RETIREMENT PLAN?
Official Form 5500 filings for RACK BUILDERS, INC. 401(K) RETIREMENT PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 264471266 or plan name at efast.dol.gov.
How does RACK BUILDERS, INC. 401(K) RETIREMENT PLAN compare to other plans?
You can compare RACK BUILDERS, INC. 401(K) RETIREMENT PLAN against other 401(k) plans on the plan type page, or view plans in Illinois on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

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Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 264471266.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.