AAA NORTHWAY, INC. PROFIT SHARING 401(K) PLAN

Overview

Plan Contact

  • Address: 345 BAY RD,,QUEENSBURY,NY
  • Contact person: ANDREW IANNOTTI
  • Phone: (518) 370-5400

Plan General Information


At the end of 2022, the total retirement plan assets of AAA NORTHWAY, INC. PROFIT SHARING 401(K) PLAN is $10,881,744.This plan was established in 1988.

At the end of 2022, the total number of retirement plan participants in AAA NORTHWAY, INC. PROFIT SHARING 401(K) PLAN is 144

In 2022, the average participant retirement account value for AAA NORTHWAY, INC. PROFIT SHARING 401(K) PLAN is $75,567

In 2022, the estimated average employee contribution amount per participant for AAA NORTHWAY, INC. PROFIT SHARING 401(K) PLAN is $2,485

In 2022, the estimated average employer match for an employee in AAA NORTHWAY, INC. PROFIT SHARING 401(K) PLAN is approximately $1,170

In 2022, AAA NORTHWAY, INC. PROFIT SHARING 401(K) PLAN allocates $168,572 to match its employees’ contributions, providing an employer match rate of 48.28% of their contributions

In 2022, the total retirement plan asset growth rate of AAA NORTHWAY, INC. PROFIT SHARING 401(K) PLAN is -14.84%

In 2022, the estimated aggregate retirement account investment gain/loss for AAA NORTHWAY, INC. PROFIT SHARING 401(K) PLAN is -17.60%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of AAA NORTHWAY, INC. PROFIT SHARING 401(K) PLAN is 0.05%.

Enrollment Features

AAA NORTHWAY, INC. PROFIT SHARING 401(K) PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.