Retirement Savings Plan (401k)


Plan Information

At AAA Carolinas, our commitment to “Help Every Day” includes helping team members plan for tomorrow. The AAA Carolinas Savings and Retirement Plan (“Plan”) is there to help you reach your retirement goals.

The Plan offers you a tax-smart approach to saving for retirement. Using the Plan, you can put part of each paycheck into your own AAA Carolinas sponsored retirement account on either a before or after-tax basis. You can then choose to invest that amount in one of the numerous investment options provided by the Plan. To get started visit

Begin preparing for your next adventure today!

Contact Information

Provider: Wells Fargo Institutional Retirement and Trust 


Phone: 800-728-3123

Eligibility: All eligible employees 21 and over

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What’s New in 2019

(for complete details, please refer to the Summary of Material Modifications, available at:

Roth 401(k) Plan:

As of January 1, 2019, you will have another way to save for retirement in the Plan: the Roth 401K.  This is an after-tax retirement savings option for you. For more information please refer to flyer below or call 1-800-SAVE-123 to speak to a Wells Fargo representative.

Enhanced Matching Contribution and Reduced Vesting Schedule:

If you contribute up to 1% of your annual salary to the Plan, AAA Carolinas will provide a 100% match for that amount. If you contribute over 1% of your annual salary to the plan, AAA Carolinas will match 50% of that contribution, up to 6% of your annual salary. The Plan vesting schedule has also been reduced from 5 years to 2 years. For match contributions made after 1/01/2019,
you will be fully vested in the match in 2 years.

Automatic Increase: Set it and forget it

You now have the option to automatically increase your contribution rate over time, so you don’t have to remember to do it yourself every year. All team members are automatically set to increase 1% each year. You can choose to increase this amount or opt out of Auto-Increase by logging into your account
at,  then select “Change My Contribution” to make changes.

Accessing Your Retirement Account

After your eligibility date (the first of the month following your first 30 days) you can begin accessing your Retirement Account.  When you access your account for the first time, you will need some basic information see below:

If you have any kind of bank account with Wells Fargo already, follow these instructions:

If you have any Wells Fargo banking accounts, then you are an existing customer, and, if you have already registered on the main site, you can simply access by using your bank account USERNAME and PASSWORD. Upon successful log-in, your 401(k) will be linked at the bottom of the main page. From there, you can click on the retirement plan name to access your 401(k). If you have any problems; call this number for assistance with access and linking all the accounts together: 1-800-956-4442.

If you have no bank accounts with Wells Fargo follow these instructions:

If you have NO Wells Fargo retail/bank accounts or have never registered those accounts, then select “Investing & Retirement Employer 401(k) Sign-in” and enter the required information, then select the “I have No Account Number” or ATM Number box. If you have problems call for assistance at:  1-800-728-3123.

Vesting Schedule

When a team member takes a distribution from their 401(k), the company contributions are subject to the following vesting schedule:

Effective for contributions made prior to 1/1/2019

Years of ServiceTotal Vesting
1 year20%
2 years40%
3 years60%
4 years80%
5 years100%

Effective for contributions made after 1/1/2019

Years of ServiceTotal Vesting
1 year0%
2 years100%

Team members are fully vested in this match after the completion of two years of service.

Questions about your benefits?

Benefits can be confusing and overwhelming. Our experts are here to help: Free support (Mon–Fri, 9am–5pm ET)