Thanks, Kalle.
In hindsight, I should have explained my total end game. Here’s what’s going on:
I’ve go a logo that has an open circle with an arrow on one end. Like so:

This version of the logo is missing the text in the middle, but I’m sure you get the idea. So I’d like to not only have the Ai logo for various uses, I’d also like to animate it in 3D. That’s where the rub comes in because when I use 3D Element to extrude the logo, it sees any mask as part of the object, so things get crazy real fast. e.g., if I use a mask over the circle and arrow in After Effects it will become part of the object in 3D Element.
If I can import the circle and arrow into After Effects and have the circle portion perfectly centered, everything should work out really well. But I’m wondering if I’m somehow sending the object off center when I create an opening in the circle when in Ai? I wouldn’t think it would work that way, but nothing else makes sense at this point. There’s probably a really simple answer but my request is odd. That’s probably why I can’t find an answer on Google. Argh…