401(k) · DOL Form 5500 · 2024
Altair Engineering, Inc. 401(k) Plan
Data updated 2026-08-25
- $263M
- Total assets Near avg plan size
- 1,020
- Participants Near avg headcount
- 95th
- Percentile by assets National rank
- $257,656
- Avg per participant Above avg balance/head
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.
- #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.
- #2,620
- in Information & Media (2,822 peers)
- +13.4%
- assets growth YoY
- 2.6×
- vs typical plan assets (national mean)
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 2024 · DOL Form 5500
$262,809,004 Top 5% higher than 95% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Altair Salary Reduction Profit Sharing Plan's large-plan peer group by participant headcount
Plan-year 2024 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 (1,020 participants).
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.
DOL schedule card
Filing strip 382591828 · Altair Engineering, Inc. PY 2024 · 401(k)
Altair Salary Reduction Profit Sharing Plan · $263M · 1,020 · 95th
- RANK $263M
- RANK 1,020
- RANK 95th
- RANK 401(k)
- RANK near Club Retirement Plan
- RANK ind #2620
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
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.)
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
| 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.
- 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
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 Club Retirement Plan in VA ($263M); by covered participants it is Artisanal Brewing Ventures 401(k) Plan in NC (1,020 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($263M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (1,020 participants); asset peers above are excluded.
- Artisanal Brewing Ventures 401(k) Plan (NC) 1,020 · 0 off
- Fortis Solutions Group, LLC Retirement Savings Plan (VA) 1,020 · 0 off
- Porsche Employee Savings Plan and Trust (GA) 1,020 · 0 off
- Gama Group 401(k) Plan (CT) 1,019 · 1 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.