PROFIT SHARING TOTALS *Numbers represent amount equal to percentage of associate pay 4.51%
KEEPING UP THE MOMENTUM
9.40%
7.92%
6.73%
Outstanding Profit Sharing Performance In The First Quarter
3.93%
Our Profit Sharing motto says it all – “Share the Effort, Share the Reward.”
In the first three months of the year, your efforts helped us share an impressive reward, as an amount equal to 7.924% of your pay was contributed to your 401(k) retirement accounts! That’s more than twice the amount of the average match that many companies offer, and we thank you for all you’re doing to move us toward an even brighter future together. PRIDE IN OUR PERFORMANCE
2023 2022 2021 2020 2019 Q1
CALVIN RACKLEY of our regional leadership has been with Averitt for about 37 years, and he says Profit Sharing is all about taking pride in delivering excellence. “It's an investment in doing things correctly,” he says. “It doesn’t come out of your check. It comes out of your sweat
“We have a world-class Profit Sharing program, and it’s been here the entire time I’ve been with Averitt,” he says. “It’s always been unlimited, and it’s always depended on us all doing a good job. It’s how we prevent accidents, how we prevent claims, how we take care of our customers and how we grow our business. All of it works together.” Everything you do makes a difference, and we look forward to continuing our momentum for the rest of 2023! To see how you impact Profit Sharing, go to InsideAveritt.com/ProfitSharing. T m
CALVIN RACKLEY
equity and the pride you take in your performance.” Throughout his Averitt career, Calvin has seen how Profit Sharing has stood the test of time.
• Each month, 20% of our profits is set aside for Profit Sharing contributions. • That total amount is then shared with all associates based on individual compensation. • Profit Sharing is funded entirely by the company, and deposited directly into your 401(k) retirement account. • You receive Profit Sharing contributions whether or not you make your own personal contributions to your 401(k) retirement account.
• Your personal Profit Sharing contribution is reported monthly on MyPortal and in the quarterly summary you receive from Principal. • Our Profit Sharing program has stood the test of time. Since our plan began in 1984, we have never missed a quarterly Profit Sharing contribution. • You can learn more about Profit Sharing at InsideAveritt.com/ProfitSharing.
• Our Profit Sharing plan is an exciting opportunity to share in the rewards of our efforts, with a portion of our profits given back to you as monthly direct deposits into your 401(k) retirement account.
FROM GARY SASSER PG. 1 move forward. That’s why we’re focused on making sure we’re prepared to handle that extra volume by investing in infrastructure. While some of our competitors are closing facilities, we’re making investments in new ones. We’re also upgrading existing facilities, adding parking, and doing all we can to make sure our team enjoys the best quality of life
Circle – Our Customers, Our Associates and Our Future. As we deliver the best service through innovative and creative solutions, we’re able to invest in and take care of our associates. And doing those things helps us secure a brighter future together.
possible. Another way we’re preparing for the future is by showing The Power of One in the services we offer. That means providing local customization, drayage, distribution & fulfillment and more. All these help us build density and strengthen our relationships with our customers, which keeps us prepared for whatever comes our way. It all comes back to the Winner’s
COMMUNITY CHALLENGE matters
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