AAP » Topics » 401(k) Plan

This excerpt taken from the AAP 10-K filed Mar 17, 2005.

401(k) Plan

        The Company maintains a defined contribution team member benefit plan, which covers substantially all team members after one year of service and have attained the age of twenty-one. The plan allows for team member salary deferrals, which are matched at the Company’s discretion. Company contributions were $6,752, $6,398 and $6,930 in fiscal 2004, fiscal 2003, and fiscal 2002, respectively.

        The Company also maintains a profit sharing plan covering Western team members that was frozen prior to the Western Merger on November 2, 1998. This plan covered all full-time team members who had completed one year of service and had attained the age of twenty-one.

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