AAA MINNEAPOLIS 401(K) SAVINGS PLAN
Plan Contact
- Address: 5400 AUTO CLUB WAY,MINNEAPOLIS,MN
- Contact person: MICHAEL LEPPONES
- Phone: (952) 927-2600
Plan General Information
AAA MINNEAPOLIS 401(K) SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of AAA MINNEAPOLIS 401(K) SAVINGS PLAN is $13,917,649.00.This plan was established in 1993.
AAA MINNEAPOLIS 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in AAA MINNEAPOLIS 401(K) SAVINGS PLAN is 245
AAA MINNEAPOLIS 401(K) SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for AAA MINNEAPOLIS 401(K) SAVINGS PLAN is $56,806.00
AAA MINNEAPOLIS 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for AAA MINNEAPOLIS 401(K) SAVINGS PLAN is $2,988.00.
AAA MINNEAPOLIS 401(K) SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in AAA MINNEAPOLIS 401(K) SAVINGS PLAN is approximately $709.00
Investing in this additonal $709.00 for 20 years would give you extra $45,431.00, assuming a 10% annual return.
Investing in this additonal $709.00 for 20 years would give you extra $45,431.00, assuming a 10% annual return.
AAA MINNEAPOLIS 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, AAA MINNEAPOLIS 401(K) SAVINGS PLAN allocates $173,917.00 to match its employees' contributions, providing an employer match rate of 25.25% of their contributions
AAA MINNEAPOLIS 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of AAA MINNEAPOLIS 401(K) SAVINGS PLAN is 14.25%.
AAA MINNEAPOLIS 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for AAA MINNEAPOLIS 401(K) SAVINGS PLAN is 20.64%. This measures the effectiveness of the plan participants' investments in the year.
AAA MINNEAPOLIS 401(K) SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of AAA MINNEAPOLIS 401(K) SAVINGS PLAN is 0.47%.
Enrollment Features
AAA MINNEAPOLIS 401(K) 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.
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