401(k) · DOL Form 5500 · 2022
Altec Industries, Inc. 401(k) Plan
Data updated 2026-08-25
- $666M
- Total assets Above avg plan size
- 9,386
- Participants Very large workforce
- 98th
- Percentile by assets National rank
- $70,967
- Avg per participant Below avg balance/head
Official DOL plan name: Altec, Inc. Retirement Savings Plan · Sponsored by Altec Industries, Inc. · Alabama · Manufacturing
$666M in assets, 9,386 participants
Altec Industries, Inc.'s Altec, Inc. Retirement Savings Plan reported $666M in total assets and 9,386 participants in its 2022 DOL Form 5500 filing, ranking in the 98th 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.
- #20,019 in Manufacturing (20,602 peers)
Coverage in Alabama
Altec, Inc. Retirement Savings Plan covers 9,386 participants in Alabama, 26x the typical Alabama plan (state average ~360 per filing). Assets: $666M.
- #20,019
- in Manufacturing (20,602 peers)
- -13.5%
- assets change YoY
- 6.7×
- vs typical plan assets (national mean)
The plan reported a net loss of $104M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Altec, Inc. Retirement Savings Plan's outsized position by total assets
Altec, Inc. Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$666,093,291 Top 2% higher than 98% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Altec, Inc. Retirement Savings 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. Altec, Inc. Retirement Savings Plan lands in the large band (9,386 participants).
Form 5500 schedule snapshot
Filing strip 630362926 · Altec Industries, Inc. PY 2022 · 401(k)
Altec, Inc. Retirement Savings Plan · $666M · 9,386 · 98th
- BOOK $666M
- BOOK 9,386
- BOOK 98th
- BOOK 401(k)
- BOOK near Akin Gump Strauss Hauer & Feld LLP Section 401(k) Profit Sharing Plan
- BOOK ind #20019
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 Manufacturing retirement plans → · Plans in Alabama →
Altec, Inc. Retirement Savings Plan in the asset neighbourhood
Alabama filing particulars
| Total Assets (Beginning of Year) | $770M |
|---|---|
| Net Assets (End of Year) | $666M |
| Net Income | -$104M |
| Employer EIN | 630362926 |
| Plan Effective Date | 1987-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Altec Industries, Inc.)
Sponsor-wide plan assets over time
All Altec Industries, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.0B 43.102892660556876% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 10,129 | $729M |
| 2023 | 2 | 9,976 | $891M |
| 2024 | 2 | 10,117 | $1.0B |
Nearby 401(k) Plans in Alabama
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Regions Financial Corporation 401(k) Plan $2.5B · 20,809
- Encompass Health Corporation Retirement Investment Plan $1.2B · 26,602
- Hexagon Employee Retirement Savings Plan $1.2B · 4,237
- Vulcan 401(k) Plan $1.1B · 8,489
- Mercedes-Benz U.S. International, Inc. Retirement and Savings Plan $930M · 4,593
Scale composition for Altec, Inc. Retirement Savings Plan
Altec, Inc. Retirement Savings Plan reports $666M in end-of-year assets across 9,386 participants (0.005% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.010% of 93,925,755 covered participants) - about $70,967 per participant (51% of the national average assets-per-participant) . Net income for plan year 2022 was -$104M.
This plan identity (EIN 630362926, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $666M to $986M (+48.1%) while covered participants moved from 9,386 to 9,486 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 9,386 | $666M | This page |
| 2023 | 9,289 | $828M | Open filing |
| 2024 · index core | 9,486 | $986M | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Altec, Inc. Retirement Savings Plan (401(k), $986M, 9,486 participants)
Altec, Inc. Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Alabama, the nearest 401(k) by assets is Akin Gump Strauss Hauer & Feld LLP Section 401(k) Profit Sharing Plan in TX ($666M); by covered participants it is Helpside Inc. 401(k) Plan in UT (9,389 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($666M here).
- Akin Gump Strauss Hauer & Feld LLP Section 401(k) Profit Sharing Plan (TX) $666M · 1,401
- Aon Pooled Employer Plan (IL) $665M · 15,916
- Sei Capital Accumulation Plan (PA) $668M · 3,650
- Nfp Corp. 401(k) Plan (NY) $664M · 5,476
Similar participant headcount
Nearest other-state filings by covered participants (9,386 participants); asset peers above are excluded.
- Helpside Inc. 401(k) Plan (UT) 9,389 · 3 off
- Catalent Pharma Solutions, Inc. 401(k) Plan (NJ) 9,390 · 4 off
- Communications Workers of America Savings and Retirement Trust (DC) 9,380 · 6 off
- Stericycle, Inc. 401(k) Retirement Plan (IL) 9,392 · 6 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.