Benefits FutureSave 401(k)For Your BenefitAs a AAA employee, you may participate in the company's 401(k) plan. FutureSave is a retirement savings plan (also known as a 401(k) plan) which offers income tax deferral, payroll deduction and options for investing your savings. In addition, a partial match to your own contribution is provided by the company. All regular and hourly employees are eligible to participate in the company's 401(k) plan on the first day of the month after three months of continuous service. After one year of continuous service, for the first four percent of your compensation that you contribute, regular matching funds equal to fifty cents on each dollar you contribute are added to your account. An additional discretionary match may be declared annually. The plan, managed by T. Rowe Price, offers employees 10 investment options and allows loans. Employees may contribute up to 50 percent of pre-tax compensation each pay period to the plan, subject to IRS limits and overall plan guidelines. |
