AAA WESTERN AND CENTRAL NEW YORK , INC. 401(K) RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of AAA WESTERN AND CENTRAL NEW YORK , INC. 401(K) RETIREMENT PLAN is $40,828,264.This plan was established in 1988.

At the end of 2022, the total number of retirement plan participants in AAA WESTERN AND CENTRAL NEW YORK , INC. 401(K) RETIREMENT PLAN is 669

In 2022, the average participant retirement account value for AAA WESTERN AND CENTRAL NEW YORK , INC. 401(K) RETIREMENT PLAN is $61,028

In 2022, the estimated average employee contribution amount per participant for AAA WESTERN AND CENTRAL NEW YORK , INC. 401(K) RETIREMENT PLAN is $3,106

In 2022, the estimated average employer match for an employee in AAA WESTERN AND CENTRAL NEW YORK , INC. 401(K) RETIREMENT PLAN is approximately $1,229

In 2022, AAA WESTERN AND CENTRAL NEW YORK , INC. 401(K) RETIREMENT PLAN allocates $822,492 to match its employees’ contributions, providing an employer match rate of 38.15% of their contributions

In 2022, the total retirement plan asset growth rate of AAA WESTERN AND CENTRAL NEW YORK , INC. 401(K) RETIREMENT PLAN is -15.27%

In 2022, the estimated aggregate retirement account investment gain/loss for AAA WESTERN AND CENTRAL NEW YORK , INC. 401(K) RETIREMENT PLAN is -15.45%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of AAA WESTERN AND CENTRAL NEW YORK , INC. 401(K) RETIREMENT PLAN is 0.17%.

Enrollment Features

AAA WESTERN AND CENTRAL NEW YORK , INC. 401(K) RETIREMENT 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.