401(k) · DOL Form 5500 · 2022
Altair Engineering, Inc. 401(k) Plan
Data updated 2026-08-11
- $186M
- Total assets
- 1,064
- Participants
- 95th
- Percentile by assets
- $175,051
- Avg per participant
Official DOL plan name: Altair Salary Reduction Profit Sharing Plan · Sponsored by Altair Engineering, Inc. · Michigan · Information & Media
$186M in assets, 1,064 participants
Altair Engineering, Inc.'s Altair Salary Reduction Profit Sharing Plan reported $186M in total assets and 1,064 participants in its 2022 DOL Form 5500 filing, ranking in the 95th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 95th percentile by assets (of 139,126 plans)
- #2,697 in Information & Media (2,911 peers)
Where Altair Salary Reduction Profit Sharing Plan sits by assets
Altair Salary Reduction Profit Sharing Plan sits in the top 5% of all filed plans by assets, $186M for 1,064 participants (~$175,051/participant), down 15.2% in 2022.
- $186M
- total plan assets (2022 EOY)
- 1,064
- covered participants
- 95th
- percentile by assets (of 139,126 plans)
- $175,051
- avg assets per participant
The plan reported a net loss of $33M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Altair Salary Reduction Profit Sharing Plan vs the 2022 asset distribution
By assets, Altair Salary Reduction Profit Sharing Plan outranks 95% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 1.9x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $220M |
|---|---|
| Net Assets (End of Year) | $186M |
| Net Income | -$33M |
| Employer EIN | 382591828 |
| Plan Effective Date | 1987-02-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Altair Engineering, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,064 | $186M |
| 2023 | 1 | 1,023 | $232M |
| 2024 | 1 | 1,020 | $263M |
Nearby 401(k) Plans in Michigan
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Altair Salary Reduction Profit Sharing Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
- General Motors Retirement Savings Plan for Salaried Employees in the United States $18.1B · 43,382
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $13.8B · 32,974
- The Dow Chemical Company Employees' Savings Plan $9.3B · 16,930
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $7.5B · 40,458
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $6.4B · 57,811
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Altair Salary Reduction Profit Sharing Plan by total assets, not by location.
- Vonage 401(k) Retirement Plan (NJ) $186M · 1,089
- Rocket Software, Inc. 401(k) Plan (MA) $186M · 946
- Chesapeake Utilities Corporation Retirement Savings Plan (DE) $186M · 993
- Grand America Hotels & Resorts Capital Accumulation Plan (UT) $186M · 2,483
Frequently Asked Questions
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Next read for Altair Salary Reduction Profit Sharing P…
Scale reading
Ways to act on Altair Salary Reduction Profit Sharing Plan's numbers.
- By total assets, Altair Salary Reduction Profit Sharing Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Michigan. Compare plans
- Altair Engineering, Inc.'s sponsor-wide assets have grown 41.1% since 2022 across 3 plan years on file. More Information & Media plans