Retirement Benefits (401k)

Automatic Enrollment

Our 401(k) plan offers convenient automatic enrollment which means you will be automatically enrolled in the plan on the first of the month following your first 30 days.  You will be enrolled at a contribution rate of 3% of your salary and your contributions will be invested in the following:  3% in Target Date Funds based on your current age and a retirement age of 65.  All employees will have the opportunity to Opt-Out of automatic enrollment when they receive a new hire kit from Wells Fargo.

Contact Information

Provider: Wells Fargo 


Phone: 800-728-3123

Eligibility: All full-time employees (>30 hours)

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Company Match

AAA Carolinas offers a company match equal to 50¢ on every dollar the employee contributes equivalent to the first 6% of their annual salary.

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:

Wells Fargo Retirement Plan Website:

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; then select Investing & Retirement Employer 401(k) Sign-in and enter the required information, and select the I have No Account Number or ATM Number box. If you have problems call for assistance at:  1-800-728-3123.

Profit Sharing

During the first quarter each year, the Board of Directors may choose to award a discretionary profit sharing contribution based on the performance of the company during the previous year.  Eligible employees that complete at least 12 months of continuous service, are actively employed on December 31 and have worked at least 1,000 hours prior to December 31, will be eligible to receive this discretionary profit share.

If an employee is not actively participating in the 401(k) plan, their profit sharing contribution will be invested into a default account with the 401(k) plan provider which is subject to the above vesting schedule.

Vesting Schedule

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

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

Employees have access to 100% of company contributed dollars after the completion of five years of service.  This vesting schedule also applies to the profit sharing.

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