401(k) · DOL Form 5500 · 2024
Altec Industries, Inc. 401(k) Plan
Data updated 2026-08-25
- $986M
- Total assets Above avg plan size
- 9,486
- Participants Very large workforce
- 98th
- Percentile by assets National rank
- $103,982
- Avg per participant Below avg balance/head
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.
- #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.
- #17,308
- in Manufacturing (17,777 peers)
- +19.2%
- assets growth YoY
- 9.9×
- 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 2024 · DOL Form 5500
$986,369,149 Top 2% higher than 98% 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
Altec, Inc. Retirement Savings 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. Altec, Inc. Retirement Savings Plan lands in the large band (9,486 participants).
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.
EBSA filing schedule strip
Filing strip 630362926 · Altec Industries, Inc. PY 2024 · 401(k)
Altec, Inc. Retirement Savings Plan · $986M · 9,486 · 98th
- TYPE $986M
- TYPE 9,486
- TYPE 98th
- TYPE 401(k)
- TYPE near Alliant Insurance Services, Inc. 401(k) Savings & Investment Plan
- TYPE ind #17308
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) | $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.)
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 $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 |
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 Alliant Insurance Services, Inc. 401(k) Savings & Investment Plan in CA ($987M); by covered participants it is Huntington Ingalls Industries Financial Security and Savings Program in VA (9,483 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($986M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (9,486 participants); asset peers above are excluded.
- Huntington Ingalls Industries Financial Security and Savings Program (VA) 9,483 · 3 off
- Advanced Micro Devices, Inc. Retirement Savings Plan (TX) 9,481 · 5 off
- Gundersen Lutheran Employees' Retirement Plan (WI) 9,492 · 6 off
- Beacon Mobility Transportation Employee Retirement Plan (OH) 9,496 · 10 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.