Florida › Professional, scientific and technical services › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
AAA Retirement Plan
Sponsored by American Automobile Association, Inc. and Subs., Heathrow, FL
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2024, AAA Retirement Plan covered 832 participants and held $102M in net assets. The plan is a defined benefit pension plan sponsored by American Automobile Association, Inc. and Subs. of Heathrow, Florida. It is a multiple-employer plan covering the employees of more than one employer.
Net assets came to $122,250 per participant, well above the $86,583 median for defined benefit plans with 500 to 999 participants and well below the $176,808 median for defined benefit plans in professional, scientific and technical services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 6 service provider organisations paid $5,000 or more, with reported compensation of $684K: $822 per participant, well above the same-size median of $377. Administrative expenses charged to the plan were $968K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $170M in 2009 to $102M in 2024 (down 40%), and participants from 3,667 to 832 (down 77%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $122,250 | $86,583 | $176,808 | $86,221 |
| Employer contributions per active participant | — | $10,758 | $35,855 | $10,244 |
| Schedule C compensation per participant | $822 | $377 | $450 | $344 |
| Schedule C compensation, share of net assets | 0.67% | 0.48% | 0.30% | 0.42% |
| Administrative expenses per participant | $1,164 | $591 | $596 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), professional, scientific and technical services (277) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 832 | $102M | $122,250 | — | — | $684K |
| 2023 | 856 | $111M | $129,873 | — | — | $733K |
| 2022 | 2,133 | $165M | $77,353 | — | — | $606K |
| 2021 | 2,205 | $229M | $103,847 | — | — | $695K |
| 2020 | 2,244 | $238M | $106,076 | — | — | $458K |
| 2019 | 2,324 | $216M | $92,914 | — | — | $471K |
| 2018 | 2,402 | $188M | $78,173 | — | — | $505K |
| 2017 | 2,466 | $218M | $88,401 | — | — | $685K |
| 2016 | 2,533 | $208M | $82,297 | — | — | $995K |
| 2015 | 2,835 | $220M | $77,569 | — | — | $545K |
| 2014 | 2,892 | $240M | $82,834 | $30.0M | — | $407K |
| 2013 | 3,419 | $211M | $61,638 | $3.0M | — | $246K |
| 2012 | 3,475 | $212M | $61,099 | $4.0M | — | $426K |
| 2011 | 3,530 | $199M | $56,459 | $14.6M | — | $623K |
| 2010 | 3,599 | $189M | $52,437 | $13.0M | — | $724K |
| 2009 | 3,667 | $170M | $46,292 | $7.6M | — | $783K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$111,170,577
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results−$786,027
- Benefits paid$7,704,211
- Administrative expenses$968,128
- Total expenses$8,672,339
- Net income−$9,458,366
- Net transfers$0
- Net assets, end of year$101,712,211
Participants
- Active participants104
- Retired or separated, receiving benefits384
- Retired or separated, entitled to future benefits305
- Total participants, end of year832
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Mercer | Actuarial | $233,703 | $0 |
| BlackRock Institutional Trust Co. | Investment management | $181,022 | $0 |
| Asset Consulting Group LLC | Consulting (general) | $120,000 | $0 |
| The Bank of New York Mellon | Custodial (other than securities); Trustee (bank, trust company, or similar financial institution) | $87,000 | $0 |
| RSM US LLP | Accounting (including auditing) | $33,023 | $0 |
| Baker & Hostetler | Legal | $29,167 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$301,022
- Other administrative expenses$284,213
- Actuarial fees$233,703
- Trustee and custodial fees$87,000
- IQPA audit fees$33,023
- Legal fees$29,167
- Total administrative expenses$968,128
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$102M · 99.9%
- Receivables$86K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmRSM US LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 541990: All Other Professional, Scientific, & Technical Services.
Other plans of American Automobile Association, Inc. and Subs.
| Plan | Participants | Net assets |
|---|---|---|
| The AAA Thrift / Savings Plan | 928 | $225M |
Similar plans in Florida
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Holland & Knight Cash Balance Plan - 2019 | Holland & Knight LLP | 867 | $217M | $249,769 |
| Retirement Plan for Employees of PWC | PWC US Group LLP | 1,235 | $84.8M | $68,702 |
| Retirement Accumulation Plan for Partners of PWC | PWC US Group LLP | 4,312 | $2.64B | $612,108 |
| Retirement Benefit Accumulation Plan for Employees of PWC | PWC US Group LLP | 15,528 | $1.93B | $124,495 |
Defined benefit plans in professional, scientific and technical services closest in size.
Questions and answers
How big is AAA Retirement Plan?
832 participants at the end of the plan year ending 31 Dec 2024, of whom 104 were active employees, with net assets of $101,712,211. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does American Automobile Association, Inc. and Subs. contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $683,915 in compensation to service provider organisations, $822 per participant or 0.67% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $968,128. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is American Automobile Association, Inc. and Subs.. Recordkeeping or administration: The Bank of New York Mellon. Investment advisory or management: BlackRock Institutional Trust Co.. Trustee or custodian: The Bank of New York Mellon. The financial statements were audited by RSM US LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 13 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 53-0025420, plan 001, received 13 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.