401(k) · DOL Form 5500 · 2022

Altair Engineering, Inc. 401(k) Plan

Data updated 2026-08-25

$186M
Total assets Near avg plan size
1,064
Participants Near avg headcount
95th
Percentile by assets National rank
$175,051
Avg per participant Above avg balance/head
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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.

  • #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.

#2,697
in Information & Media (2,911 peers)
-15.2%
assets change YoY
1.9×
vs typical plan assets (national mean)

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's outsized position by total assets

Altair Salary Reduction Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$186,254,160 Top 5% higher than 95% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Altair Salary Reduction Profit Sharing Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Altair Salary Reduction Profit Sharing Plan lands in the large band (1,064 participants).

EBSA filing schedule strip

Filing strip 382591828 · Altair Engineering, Inc. PY 2022 · 401(k)

Altair Salary Reduction Profit Sharing Plan · $186M · 1,064 · 95th

  • SCH $186M
  • EBSA 1,064
  • PART 95th
  • TYPE 401(k)
  • NET near Vonage 401(k) Retirement Plan
  • BOOK ind #2697

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Information & Media retirement plans → · Plans in Michigan →

Altair Salary Reduction Profit Sharing Plan in the asset neighbourhood

Grand America Hotels & Resorts Capital Accumulation PlanGrand America Hotels & Resor…$186MRocket Software, Inc. 401(k) PlanRocket Software, Inc. 401(k)…$186MVonage 401(k) Retirement Plan$186MAltair Salary Reduction Profit Sharing PlanAltair Salary Reduction Prof…$186MChesapeake Utilities Corporation Retirement Savings PlanChesapeake Utilities Corpora…$186M
End-of-year total assets ($M) among Altair Salary Reduction Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$220M
Net Assets (End of Year)$186M
Net Income-$33M
Employer EIN382591828
Plan Effective Date1987-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Altair Engineering, Inc.)

Sponsor-wide plan assets over time

All Altair Engineering, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$263M 41.10235390178668% vs 2022
2024 filing year
$150M$200M$250M$300M 202220232024 $186M $263M ▲ +41.1%
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 Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Altair Salary Reduction Profit Sharing Plan, Total assets ($B): 0.18625416 · Participants: 1064Altair Salary Reduction Profit Sharing PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 18.071817726 · Participants: 43382General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 13.833597622 · Participants: 32974Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 9.307640951 · Participants: 16930The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 7.545889119 · Participants: 40458The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 6.44558193 · Participants: 57811Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Altair Salary Reduction Profit Sharing Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Altair Salary Reduction Profit Sharing Plan side-by-side with 3 peers →

Altair Salary Reduction Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Vonage 401(k) Retirement Plan in NJ ($186M); by covered participants it is Uctie International Union 401(k) Savings Plan in NY (1,064 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($186M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,064 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Altair Salary Reduction Profit Sharing Plan assets move in 2022? ▼
Altair Salary Reduction Profit Sharing Plan declined sharply - down 15.2% during 2022, from $220M to $186M. Reported net income was -$33M.
How have Altair Engineering, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Altair Engineering, Inc.'s sponsor-wide assets grew 41.1%, from $186M to $263M.
Where does Altair Salary Reduction Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Altair Salary Reduction Profit Sharing Plan ranks in the 95th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Altair Salary Reduction Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Vonage 401(k) Retirement Plan in NJ ($186M, 1,089 participants).
Which 401(k) plans cover a similar participant headcount to Altair Salary Reduction Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Uctie International Union 401(k) Savings Plan in NY (1,064 participants, $17M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 382591828.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.