AAR CORP. RETIREMENT SAVINGS PLAN
Overview
Plan Contact
- Address: 1100 NORTH WOOD DALE RD,WOOD DALE,IL
- Contact person: ERIC PACHAPA
- Phone: (630) 227-2000
Plan General Information
At the end of 2022, the total retirement plan assets of AAR CORP. RETIREMENT SAVINGS PLAN is $386,820,849.This plan was established in 1965.
At the end of 2022, the total number of retirement plan participants in AAR CORP. RETIREMENT SAVINGS PLAN is 6403
In 2022, the average participant retirement account value for AAR CORP. RETIREMENT SAVINGS PLAN is $60,412
In 2022, the estimated average employee contribution amount per participant for AAR CORP. RETIREMENT SAVINGS PLAN is $3,078
In 2022, the estimated average employer match for an employee in AAR CORP. RETIREMENT SAVINGS PLAN is approximately $1,605
In 2022, AAR CORP. RETIREMENT SAVINGS PLAN allocates $10,277,067 to match its employees’ contributions, providing an employer match rate of 51.58% of their contributions
In 2022, the total retirement plan asset growth rate of AAR CORP. RETIREMENT SAVINGS PLAN is -17.72%
In 2022, the estimated aggregate retirement account investment gain/loss for AAR CORP. RETIREMENT SAVINGS PLAN is -16.70%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of AAR CORP. RETIREMENT SAVINGS PLAN is 0.09%.
Enrollment Features
AAR CORP. RETIREMENT 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.