MAA 401(K) SAVINGS PLAN

  • Address: 6815 POPLAR AVENUE SUITE 500,,GERMANTOWN,TN
  • Contact person: MELANIE CARPENTER
  • Phone: (901) 682-6600

MAA 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.

At the end of 2022, the total retirement plan assets of MAA 401(K) SAVINGS PLAN is $106,708,193.00.This plan was established in 1994.

At the end of 2022, the total number of retirement plan participants in MAA 401(K) SAVINGS PLAN is 2711

In 2022, the average participant retirement account value for MAA 401(K) SAVINGS PLAN is $39,361.00

In 2022, the estimated average employee contribution amount per participant for MAA 401(K) SAVINGS PLAN is $2,624.00

In 2022, the estimated average employer match for an employee in MAA 401(K) SAVINGS PLAN is approximately $1,636.00

In 2022, MAA 401(K) SAVINGS PLAN allocates $4,437,588.00 to match its employees' contributions, providing an employer match rate of 61.86% of their contributions

In 2022, the total retirement plan asset growth rate of MAA 401(K) SAVINGS PLAN is -12.15%

In 2022, the estimated aggregate retirement account investment gain/loss for MAA 401(K) SAVINGS PLAN is -16.22%. This measures the effectiveness of the plan participants' investments in the year.

In 2022, the investment and administrative expense ratio of MAA 401(K) SAVINGS PLAN is 0.26%.

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