Profit Sharing Remains Strong

Profit Sharing reflects the power of working as one and inspires us to focus on teamwork, innovation and efficiencies. Because the better we do together, the better we all do individually. The more we focus on serving our customers, staying safe, and working toward a common goal, the brighter our future becomes.

Because of your efforts, an amount equal to 5.2% of your eligible pay was contributed to your 401(k) retirement account in the first quarter.

When you begin your career at Averitt, we start planning for your future by setting up and auto-enrolling you into a 401(k) retirement account. There are two ways that account grows: the funds you elect to contribute, and through our Profit Sharing plan.

Our Profit Sharing plan is an exciting opportunity for you 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.

Every month, 20% of our profits are set aside for Profit Sharing.
That total is then distributed among all associates.
These contributions are 100% funded by Averitt, and invested directly into your 401(k) retirement account.
And there's the best part: you receive the Profit Sharing benefit even if you don't make personal 401(k) contributions.

The greater the profit, the more there is to share!

Keep The Momentum Going!

Focus on profitable revenue growth.
Avoid accidents and injuries.
Provide our customers with innovative and creative solutions that our competitors can’t.
Get better every day by improving fuel usage, delivering on time, and handling freight properly.
Refer People Like You who share our vision of delivering the best service.

Frequently Asked Questions

What is the most important thing that affects Profit Sharing?

The simple answer: YOU. Each of us has the power to improve our Profit Sharing contributions by reducing waste and improving productivity. The simple things we do every day - like conducting pre-trip inspections, avoiding accidents and injuries, recycling paper and conserving resources - make a positive impact on our profitability. The more efficient we are, the more our profits grow. And that means larger Profit Sharing contributions for all of us!
How do I enroll in our Profit Sharing plan?
Why is Profit Sharing linked to my retirement account?
Why do we have a Profit Sharing plan instead of a match?

The contributions of our Profit Sharing plan are uncapped, which means that the potential is limitless. Most companies will match your contributions up to a certain amount (if they have a match at all). So if you’re putting 7% of your income into your 401(k), a match may only be capped at 3%. Our Profit Sharing plan has the potential to contribute 6%, 7% or more!

Plus, unlike a match, Profit Sharing does not rely on you to make contributions. Profit Sharing contributions help fund your account whether or not you contribute yourself. Of course, the best way to fund your retirement account is to also make your own weekly contributions. For more information on how to make a 401(k) work for you, visit www.principal.com.
How do I know how much Profit Sharing I receive?
How is the Profit Sharing contribution distributed?
Where can I see how my retirement account is performing?
Who do I contact if I have questions?
How do I update my beneficiaries?

Profit Sharing Remains Strong

Last Five Years Of Profit Sharing

YOUR PERSONAL PROFIT SHARING ACCOUNT

FORMS AND DOWNLOADS

Keep The Momentum Going!

Frequently Asked Questions

What is the most important thing that affects Profit Sharing?

How do I enroll in our Profit Sharing plan?

Why is Profit Sharing linked to my retirement account?

Why do we have a Profit Sharing plan instead of a match?

How do I know how much Profit Sharing I receive?

How is the Profit Sharing contribution distributed?

Where can I see how my retirement account is performing?

Who do I contact if I have questions?

How do I update my beneficiaries?