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.