AAK USA INC 401(K) PROFIT SHARING PLAN & TRUST

Overview

Plan Contact

  • Address: 499 THORNALL ST 5TH FLOOR,EDISON,NJ
  • Contact person: JOSEPH ANTHONY JALIJALI
  • Phone: (973) 344-1300

Plan General Information


At the end of 2022, the total retirement plan assets of AAK USA INC 401(K) PROFIT SHARING PLAN & TRUST is $28,429,493.This plan was established in 1990.

At the end of 2022, the total number of retirement plan participants in AAK USA INC 401(K) PROFIT SHARING PLAN & TRUST is 644

In 2022, the average participant retirement account value for AAK USA INC 401(K) PROFIT SHARING PLAN & TRUST is $44,145

In 2022, the estimated average employee contribution amount per participant for AAK USA INC 401(K) PROFIT SHARING PLAN & TRUST is $4,075

In 2022, the estimated average employer match for an employee in AAK USA INC 401(K) PROFIT SHARING PLAN & TRUST is approximately $1,807

In 2022, AAK USA INC 401(K) PROFIT SHARING PLAN & TRUST allocates $1,163,868 to match its employees’ contributions, providing an employer match rate of 46.86% of their contributions

In 2022, the total retirement plan asset growth rate of AAK USA INC 401(K) PROFIT SHARING PLAN & TRUST is -13.82%

In 2022, the estimated aggregate retirement account investment gain/loss for AAK USA INC 401(K) PROFIT SHARING PLAN & TRUST is -16.63%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of AAK USA INC 401(K) PROFIT SHARING PLAN & TRUST is 0.42%.

Enrollment Features

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