Record 11.514% In The Second Quarter UNPRECEDENTED PROFIT SHARING One of our favorite sayings about Profit Sharing is that the sky is the limit for how much we can earn. And you continue to prove that to be true!
11.514%
Because of your efforts in the second quarter, we were able to contribute an amount equal to 11.514% of your pay in Profit Sharing to your 401(k) retirement accounts! That’s almost 2% more than our total of 9.659% in the first quarter, which was our previous quarterly record! From January through June of 2022, our Profit Sharing contributions are an astounding 10.602% . When you consider that many companies provide a match of 3% for their retirement accounts, that shows what an incredible tool our Profit Sharing plan is – there truly is no limit to what we can do to secure our future together! In fact, you'll soon receive in the mail a letter from our financial partner, Principal, that shows how much Profit Sharing has been deposited into your 401(k) retirement account! This achievement has been made possible by your commitment to doing things the right way, focusing on safety, delivering outstanding service and helping us grow through People Like You . “As with all of our accomplishments, our record Profit Sharing contributions are the result of a team effort,” says BARRY BLAKELY of our executive leadership. “I want to say thank you to every associate for helping make this possible, and I look forward to continuing that momentum for the rest of the year!” Barry says one of the best ways to keep us on the right track is to keep referring People Like You. “All of us know friends or family who would be a great fit for our team,” Barry says. “Because we deliver outstanding service, we continue to see more opportunities with our customers. People Like You referrals help us meet those needs today, and they help us maintain our team-oriented culture for the future.” For more information about our Profit Sharing program and how your efforts make a difference, log on to InsideAveritt.com/ProfitSharing . T m
9.659%
*Numbers represent amount equal to percentage of associate pay
6.73%
3.928%
2022 2020 2021 Q2 Q1
FROM GARY SASSER PG. 1 defined our purpose and our future: OUR DRIVING FORCE IS PEOPLE. More than any other idea, that statement has established our identity, defined our priorities, and determined our outcomes. Looking ahead, we have a formal succession plan that ensures Averitt’s committed to this philosophy. We call it ALWAYS AVERITT . ALWAYS AVERITT is our plan to ensure a successful and stable pride of ownership for generations to come. OUR COMMITMENT TO EXCELLENCE IS OUR CORE • We will always remain independent and inspire the next generation to control their own destiny by focusing on creativity and innovation . • We will always advance our culture
of focusing on our passion to recruit, develop and retain our teammates the Averitt Way . And we will promote from within , guided by our leadership team. • We will always strive to compete at the highest levels - sharing the efforts and sharing the rewards by reinvesting our profits back into our company and our associates - always motivated by the unlimited potential for Profit Sharing . • We will always maintain a passionate partnership with Averitt Charities
the same culture, and the same vision that has guided our team for decades. The Always Averitt plan is simple and the continuation of a steadfast philosophy to reach for the stars.
It’s our team. It’s our nature. It’s our destiny. It’s our future!
and our communities through company-driven contributions.
The plan isn’t about any one person. It’s linked to every Associate who wears Averitt Red – past, present and future. It’s built on the same values,
Gary spends some time sharing the Averitt culture with Cincinnati Service Center Director DARRELL MCCOMAS (center) and associate MARK WOLFE (right).
COMMUNITY CHALLENGE matters
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