Employers › Altair Engineering
Recordkeeping fees per participant · Altair Salary Reduction Profit Sharing Plan · plan year 2024
$9.06
Higher than 8% of the 1,697 plans $250M to 1B that report it.
= $13,285 / 1,467
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251005101254NAL0001440739001, received 2025-10-05
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251005101254NAL0001440739001, received 2025-10-05
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-05.
Administrative expenses excluding investment management, per participant
$24.46
Higher than 13% of the 2,324 plans $250M to 1B that report it.
= $35,880 / 1,467
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251005101254NAL0001440739001, received 2025-10-05
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251005101254NAL0001440739001, received 2025-10-05
Administrative expenses per participant
$143.75
Higher than 79% of the 2,405 plans $250M to 1B that report it.
= $210,880 / 1,467
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251005101254NAL0001440739001, received 2025-10-05
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251005101254NAL0001440739001, received 2025-10-05
Administrative expenses as a share of assets
0.080%
Higher than 55% of the 2,407 plans $250M to 1B that report it.
= $210,880 / $262,809,004
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251005101254NAL0001440739001, received 2025-10-05
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251005101254NAL0001440739001, received 2025-10-05
Employer contributions per participant
$1,026
Higher than 8% of the 2,457 plans $250M to 1B that report it.
= $1,505,168 / 1,467
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251005101254NAL0001440739001, received 2025-10-05
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251005101254NAL0001440739001, received 2025-10-05
Employer share of total contributions
8.0%
Higher than 2% of the 2,459 plans $250M to 1B that report it.
= $1,505,168 / $18,783,160
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251005101254NAL0001440739001, received 2025-10-05
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251005101254NAL0001440739001, received 2025-10-05
Vesting
“Such discretionary contributions vest ratably over five years of service.”
Form 10-K filed 2025-02-20, for the year ended 2024-12-31 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2024-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3B · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251005101254NAL0001440739001, received 2025-10-05
| Field | Value | Source |
|---|---|---|
| Plan sponsor | ALTAIR ENGINEERING, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Plan name | ALTAIR SALARY REDUCTION PROFIT SHARING PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Sponsor EIN / plan number | 38-2591828 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Sponsor location | TROY, MI | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Industry (business code) | 511210, Information | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Filing received | 2025-10-05 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Participants, beginning of year | 1,602 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Active participants | 1,006 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Participants, end of year | 1,527 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Participants with an account balance | 1,467 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Total assets, beginning of year | $231,742,186 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Total assets, end of year | $262,809,004 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Net assets, end of year | $262,809,004 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Total income | $56,524,744 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Net income | $31,066,818 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Employer contributions | $1,505,168 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Participant contributions | $13,448,296 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Other contributions (incl. rollovers) | $3,829,696 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Total contributions | $18,783,160 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Benefit payments | $25,247,046 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Total expenses (incl. benefit payments) | $25,457,926 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Total administrative expenses | $210,880 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Recordkeeping fees | $13,285 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| IQPA audit fees | $22,595 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Investment advisory and management fees | $175,000 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Administrative expenses excluding investment management | $35,880 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Held in common/collective trusts | $12,116,562 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Held in mutual funds | $227,750,477 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251005101254NAL0001440739001, received 2025-10-05 |
| Independent auditor | PLANTE MORAN, PLLC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251005101254NAL0001440739001, received 2025-10-05 |
Position = column in the DOL layout for form year 2024. Filing 20251005101254NAL0001440739001, received 2025-10-05.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| GREGORY J SCHWARTZ & COMPANY INC | NONE | 27 Investment advisory (plan) | $175,000 | no |
| PLANTE AND MORAN PLLC | NONE | 10 Accounting (including auditing) | $22,595 | no |
| EMPOWER ANNUITY INSURANCE CO.recordkeeper | NONE | 64 Recordkeeping fees | $13,285 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251005101254NAL0001440739001, received 2025-10-05.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $231,742,186 | $262,809,004 | 13.4% |
| Participants with a balance | 1,503 | 1,467 | -2.4% |
| Administrative expenses | $198,931 | $210,880 | 6.0% |
| Recordkeeping fees per participant | $2.20 | $9.06 | 311.7% |
| Employer contributions | $1,519,926 | $1,505,168 | -1.0% |
Prior filing 20241011125506NAL0022782801001, received 2024-10-11; the plan years are contiguous.
Sponsor name as filed: ALTAIR ENGINEERING, INC.; SEC registrant: Altair Engineering Inc. (CIK 1701732, matched by EIN; display name from the Form 10-K cover).