401(k) · DOL Form 5500 · 2023
Altec Industries, Inc. 401(k) Plan
Data updated 2026-08-25
- $828M
- Total assets Above avg plan size
- 9,289
- Participants Very large workforce
- 98th
- Percentile by assets National rank
- $89,115
- Avg per participant Below avg balance/head
Official DOL plan name: Altec, Inc. Retirement Savings Plan · Sponsored by Altec Industries, Inc. · Alabama · Manufacturing
$828M in assets, 9,289 participants
Altec Industries, Inc.'s Altec, Inc. Retirement Savings Plan reported $828M in total assets and 9,289 participants in its 2023 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.
- #18,178 in Manufacturing (18,722 peers)
Coverage in Alabama
Altec, Inc. Retirement Savings Plan covers 9,289 participants in Alabama, 26x the typical Alabama plan (state average ~360 per filing). Assets: $828M.
- #18,178
- in Manufacturing (18,722 peers)
- +24.3%
- assets growth YoY
- 8.3×
- vs typical plan assets (national mean)
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 2023 · DOL Form 5500
$827,790,815 Top 2% higher than 98% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Altec, Inc. Retirement Savings Plan's large-plan peer group by participant headcount
Plan-year 2023 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 (9,289 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Altec, Inc. Retirement Savings Plan reported net income rose from -$104M in the plan year 2022 filing to $162M in the plan year 2023 filing.
- Altec, Inc. Retirement Savings Plan end-of-year assets rose from $666M in the plan year 2022 filing to $828M in the plan year 2023 filing.
- Altec, Inc. Retirement Savings Plan reported participants fell from 9,386 in the plan year 2022 filing to 9,289 in the plan year 2023 filing.
DOL schedule card
Filing strip 630362926 · Altec Industries, Inc. PY 2023 · 401(k)
Altec, Inc. Retirement Savings Plan · $828M · 9,289 · 98th
- EBSA $828M
- PART 9,289
- TYPE 98th
- NET 401(k)
- BOOK near Komatsu Mining Corp. Retirement Savings Plan
- VS-ST ind #18178
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) | $666M |
|---|---|
| Net Assets (End of Year) | $828M |
| Net Income | $162M |
| 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 $2.9B · 20,733
- Encompass Health Corporation 401(k) Retirement Plan $1.5B · 24,565
- Hexagon Employee Retirement Savings Plan $1.5B · 4,618
- Vulcan 401(k) Plan $1.4B · 9,487
- Mercedes-Benz U.S. International, Inc. Retirement and Savings Plan $1.1B · N/A
Scale composition for Altec, Inc. Retirement Savings Plan
Altec, Inc. Retirement Savings Plan reports $828M in end-of-year assets across 9,289 participants (0.007% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.010% of 93,925,755 covered participants) - about $89,115 per participant (64% of the national average assets-per-participant) . Net income for plan year 2023 was $162M.
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 | Open filing |
| 2023 | 9,289 | $828M | This page |
| 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 Komatsu Mining Corp. Retirement Savings Plan in WI ($828M); by covered participants it is Te Connectivity Retirement Savings and Investment Plan in PA (9,276 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($828M here).
- Komatsu Mining Corp. Retirement Savings Plan (WI) $828M · 3,738
- Nfp Corp. 401(k) Plan (NY) $828M · 5,935
- Live Nation Entertainment, Inc. 401(k) Savings Plan (CA) $828M · 8,285
- International Flavors & Fragrances Inc. Retirement Investment Fund Plan (NY) $827M · 1,988
Similar participant headcount
Nearest other-state filings by covered participants (9,289 participants); asset peers above are excluded.
- Te Connectivity Retirement Savings and Investment Plan (PA) 9,276 · 13 off
- Endeavor Health 401(k) Plan (IL) 9,302 · 13 off
- Panasonic Retirement Savings and Investment Plan (NJ) 9,305 · 16 off
- Srs Distribution Inc. 401(k) Plan (TX) 9,305 · 16 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.