Advance Auto Parts is one of the largest automotive aftermarket parts retailers in the United States. Founded in 1932, the company has over 3,000 stores across the country. Advance Auto Parts is a publicly traded company on the New York Stock Exchange (NYSE: AAP) and is a component of the S&P 500 index.
The company offers a wide range of automotive parts and accessories, including batteries, brakes, engine parts, filters, lighting, and more. Advance Auto Parts also offers a variety of services, such as oil changes and tire installation.
Advance Auto Parts does offer a 401(k) retirement savings plan for eligible employees.
Employees who are 21 years of age or older and who have worked for the company for at least one year are eligible to participate in the 401(k) plan.
Advance Auto Parts matches employee contributions to the 401(k) plan up to 6% of salary. Employees can contribute up to $18,500 per year to their 401(k) account, plus an additional $6,000 per year if they are 50 years of age or older.
The Advance Auto Parts 401(k) plan features a variety of investment options, including mutual funds and exchange-traded funds (ETFs). Employees can also choose to invest in individual stocks.
Yes, Advance Auto Parts does offer a 401K retirement savings plan for eligible employees.
