401(k) Retirement Plan
Employees may begin making their contributions beginning the first of the month following 60 days of employment. After 12 months of service, Rack Room Shoes will begin to match dollar for dollar up to 6% beginning on the 1st of the month following 12 months of service. Please see the 401k Enrollment Guide for more information.
To set up your account and begin making your deferral elections as a newly eligible member you must contact the 401k administrator, Empower via phone at (844) 465-4455. You can also visit the Empower website at empowermyretirement.com.
Employee Contribution
Your traditional contributions are deducted from your paycheck before taxes each pay period.
- You may elect to increase or decrease your contribution once per payroll period.
- You may stop your contributions at any time.
- Changes will go into effect as soon as administratively feasible.
The IRS limits how much you can contribute each year; the current IRS annual limit for 2026 is $24,500. If you are (or will be) at least age 50 during the 2026 calendar year, you can make additional “catch-up” contributions up to $8,000 above the regular IRS annual limit for the year. Please note these limits are indexed annually by the IRS. The catch-up limit for those aged 60 to 63 years is $11,500.
Auto Increase Feature
Don’t want to worry about changing your contributions? Your plan offers the auto increase service, which lets you schedule automatic annual increases to your contribution rate by an amount you choose. You can sign up, make changes, or cancel online.
Employer Match
After 12 months of service, Rack Room Shoes will begin to match dollar for dollar up to 6% beginning on the 1st of the month following 12 months of service.
Vesting
Vesting refers to your “ownership” of your account – the portion of company match to which you are entitled if you leave the plan. You are automatically vested after 12 months of services with the company. You are always 100% vested in your own contributions plus any earnings on them.
Financial Wellness Hub
