RACKSPACE US, INC. 401(K) PLAN

Plan Contact

  • Address: 1 FANATICAL PLACE,SAN ANTONIO,TX
  • Contact person: JESSICA CROW
  • Phone: (210) 312-3541

Plan General Information

RACKSPACE US, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of RACKSPACE US, INC. 401(K) PLAN is $380,938,443.00.This plan was established in 2001.

RACKSPACE US, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in RACKSPACE US, INC. 401(K) PLAN is 5140

RACKSPACE US, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for RACKSPACE US, INC. 401(K) PLAN is $74,112.00

RACKSPACE US, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for RACKSPACE US, INC. 401(K) PLAN is $3,894.00.

RACKSPACE US, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in RACKSPACE US, INC. 401(K) PLAN is approximately $1,478.00
Investing in this additonal $1,478.00 for 20 years would give you extra $94,593.00, assuming a 10% annual return.

RACKSPACE US, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, RACKSPACE US, INC. 401(K) PLAN allocates $7,597,039.00 to match its employees' contributions, providing an employer match rate of 34.26% of their contributions

RACKSPACE US, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of RACKSPACE US, INC. 401(K) PLAN is 12.99%.

RACKSPACE US, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for RACKSPACE US, INC. 401(K) PLAN is 17.80%. This measures the effectiveness of the plan participants' investments in the year.

RACKSPACE US, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of RACKSPACE US, INC. 401(K) PLAN is 0.06%.

Enrollment Features

RACKSPACE US, INC. 401(K) PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

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