401(k) · DOL Form 5500 · 2024
Altair Engineering, Inc. 401(k) Plan
Data updated 2026-08-11
- $263M
- Total assets
- 1,020
- Participants
- 95th
- Percentile by assets
- $257,656
- Avg per participant
Official DOL plan name: Altair Salary Reduction Profit Sharing Plan · Sponsored by Altair Engineering, Inc. · Michigan · Information & Media
$263M in assets, 1,020 participants
Altair Engineering, Inc.'s Altair Salary Reduction Profit Sharing Plan reported $263M in total assets and 1,020 participants in its 2024 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 123,622 plans)
- #2,620 in Information & Media (2,822 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, $263M for 1,020 participants (~$257,656/participant), up 13.4% in 2024.
- $263M
- total plan assets (2024 EOY)
- 1,020
- covered participants
- 95th
- percentile by assets (of 123,622 plans)
- $257,656
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Altair Salary Reduction Profit Sharing Plan reported net income fell from $42M in the plan year 2023 filing to $31M in the plan year 2024 filing.
- Altair Salary Reduction Profit Sharing Plan end-of-year assets rose from $232M in the plan year 2023 filing to $263M in the plan year 2024 filing.
Altair Salary Reduction Profit Sharing Plan vs the 2024 asset distribution
By assets, Altair Salary Reduction Profit Sharing Plan outranks 95% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 2.6x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $232M |
|---|---|
| Net Assets (End of Year) | $263M |
| Net Income | $31M |
| 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 $23.1B · 43,053
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $17.3B · 31,790
- The Dow Chemical Company Employees' Savings Plan $10.8B · 17,128
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $9.6B · 42,513
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $8.3B · 60,497
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.
- Club Retirement Plan (VA) $263M · 7,409
- Omnissa 401(k) Plan (CA) $263M · 1,596
- Cherry Bekaert Advisory LLC 401(k) Plan (VA) $263M · 2,470
- Balyasny Asset Management 401(k) Plan (IL) $263M · 1,341
Frequently Asked Questions
How did Altair Salary Reduction Profit Sharing Plan assets move in 2024? ▼
How have Altair Engineering, Inc. plan assets changed over time? ▼
Where does Altair Salary Reduction Profit Sharing Plan rank by assets among Form 5500 filers? ▼
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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