401(k) · DOL Form 5500 · 2024
Altec Industries, Inc. 401(k) Plan
Data updated 2026-08-11
- $986M
- Total assets
- 9,486
- Participants
- 98th
- Percentile by assets
- $103,982
- Avg per participant
Official DOL plan name: Altec, Inc. Retirement Savings Plan · Sponsored by Altec Industries, Inc. · Alabama · Manufacturing
$986M in assets, 9,486 participants
Altec Industries, Inc.'s Altec, Inc. Retirement Savings Plan reported $986M in total assets and 9,486 participants in its 2024 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.
- 98th percentile by assets (of 123,622 plans)
- #17,308 in Manufacturing (17,777 peers)
Coverage in Alabama
Altec, Inc. Retirement Savings Plan covers 9,486 participants in Alabama, 26x the typical Alabama plan (state average ~360 per filing). Assets: $986M.
- $986M
- total plan assets (2024 EOY)
- 9,486
- covered participants
- 98th
- percentile by assets (of 123,622 plans)
- $103,982
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Altec, Inc. Retirement Savings Plan end-of-year assets rose from $828M in the plan year 2023 filing to $986M in the plan year 2024 filing.
- Altec, Inc. Retirement Savings Plan reported participants rose from 9,289 in the plan year 2023 filing to 9,486 in the plan year 2024 filing.
- Altec, Inc. Retirement Savings Plan reported net income fell from $162M in the plan year 2023 filing to $159M in the plan year 2024 filing.
Participants vs Alabama filers
In Alabama, the average filing covers about 360 participants across 1,591 plans. Altec, Inc. Retirement Savings Plan reports 9,486 participants - 26x that state average ($986M EOY assets).
Alabama filing particulars
| Total Assets (Beginning of Year) | $828M |
|---|---|
| Net Assets (End of Year) | $986M |
| Net Income | $159M |
| Employer EIN | 630362926 |
| Plan Effective Date | 1987-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Altec Industries, Inc.)
| 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.
Altec, Inc. Retirement Savings Plan vs. nearby 401(k) plans in Alabama, assets vs. participants
- Regions Financial Corporation 401(k) Plan $3.2B · 20,783
- Encompass Health Corporation 401(k) Retirement Plan $1.7B · 29,454
- Hexagon Employee Retirement Savings Plan $1.7B · 4,638
- Vulcan 401(k) Plan $1.5B · 8,628
- Mercedes-Benz U.S. International, Inc. Retirement and Savings Plan $1.2B · 6,167
Scale composition for Altec, Inc. Retirement Savings Plan
Altec, Inc. Retirement Savings Plan reports $986M in end-of-year assets across 9,486 participants (0.008% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.010% of 93,925,755 covered participants) - about $103,982 per participant (75% of the national average assets-per-participant) . Net income for plan year 2024 was $159M.
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 | Open filing |
| 2024 · index core | 9,486 | $986M | This page |
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Altec, Inc. Retirement Savings Plan by total assets, not by location.
- Alliant Insurance Services, Inc. 401(k) Savings & Investment Plan (CA) $987M · 6,869
- Hasbro, Inc. Retirement Savings Plan (RI) $985M · 2,379
- Nasdaq, Inc. 401(k) Savings Plan (MD) $984M · 2,352
- Mercedes-Benz USA, LLC Employees' Retirement Savings Plan (GA) $984M · 3,563
Frequently Asked Questions
How did Altec, Inc. Retirement Savings Plan assets move in 2024? ▼
How have Altec Industries, Inc. plan assets changed over time? ▼
Where does Altec, Inc. Retirement Savings Plan rank by assets among Form 5500 filers? ▼
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Next read for Altec, Inc. Retirement Savings Plan
Filing takeaways
Ways to act on Altec, Inc. Retirement Savings Plan's numbers.
- By total assets, Altec, Inc. Retirement Savings 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 Alabama. Compare plans
- Altec Industries, Inc.'s sponsor-wide assets have grown 43.1% since 2022 across 3 plan years on file. More Manufacturing plans