AAA MINNEAPOLIS 401(K) SAVINGS PLAN

At the end of 2022, the total retirement plan assets of AAA MINNEAPOLIS 401(K) SAVINGS PLAN is $12,182,007.This plan was established in 1993.

At the end of 2022, the total number of retirement plan participants in AAA MINNEAPOLIS 401(K) SAVINGS PLAN is 238

In 2022, the average participant retirement account value for AAA MINNEAPOLIS 401(K) SAVINGS PLAN is $51,184

In 2022, the estimated average employee contribution amount per participant for AAA MINNEAPOLIS 401(K) SAVINGS PLAN is $2,740

In 2022, the estimated average employer match for an employee in AAA MINNEAPOLIS 401(K) SAVINGS PLAN is approximately $674

In 2022, AAA MINNEAPOLIS 401(K) SAVINGS PLAN allocates $160,570 to match its employees’ contributions, providing an employer match rate of 25.81% of their contributions

In 2022, the total retirement plan asset growth rate of AAA MINNEAPOLIS 401(K) SAVINGS PLAN is -26.17%

In 2022, the estimated aggregate retirement account investment gain/loss for AAA MINNEAPOLIS 401(K) SAVINGS PLAN is -20.14%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of AAA MINNEAPOLIS 401(K) SAVINGS PLAN is 0.57%.

Enrollment Features

AAA MINNEAPOLIS 401(K) SAVINGS 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.