401k Record

Employers › Altra Industrial Motion

Altra Industrial Motion 401(k)

Recordkeeping fees per participant · largest plan, Altra Industrial Motion Corp. 401(k) Savings Plan · plan year 2023

$85.57

Higher than 91% of the 1,454 plans $250M to 1B that report it.

Source

= $330,886 / 3,867
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20241015135119NAL0016532883001, received 2024-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241015135119NAL0016532883001, received 2024-10-15

10th: $8.05median $47.9090th: $83.69

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 2023-01-01 to 2023-12-31, filing received 2024-10-15.

Largest plan, all six figures: Altra Industrial Motion Corp. 401(k) Savings Plan

Recordkeeping fees per participantheadline

$85.57

10th: $8.05median $47.9090th: $83.69

Higher than 91% of the 1,454 plans $250M to 1B that report it.

Source

= $330,886 / 3,867
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20241015135119NAL0016532883001, received 2024-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241015135119NAL0016532883001, received 2024-10-15

Administrative expenses excluding investment management, per participant

$85.80

10th: $15.39median $62.0390th: $138.12

Higher than 72% of the 2,115 plans $250M to 1B that report it.

Source

= $331,786 / 3,867
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20241015135119NAL0016532883001, received 2024-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241015135119NAL0016532883001, received 2024-10-15

Administrative expenses per participant

$85.80

10th: $25.30median $79.7090th: $184.66

Higher than 54% of the 2,177 plans $250M to 1B that report it.

Source

= $331,786 / 3,867
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241015135119NAL0016532883001, received 2024-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241015135119NAL0016532883001, received 2024-10-15

Administrative expenses as a share of assets

0.116%

10th: 0.018%median 0.072%90th: 0.179%

Higher than 74% of the 2,180 plans $250M to 1B that report it.

Source

= $331,786 / $286,018,700
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20241015135119NAL0016532883001, received 2024-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20241015135119NAL0016532883001, received 2024-10-15

Employer contributions per participant

$3,199

10th: $1,123median $3,02090th: $8,075

Higher than 53% of the 2,253 plans $250M to 1B that report it.

Source

= $12,369,044 / 3,867
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241015135119NAL0016532883001, received 2024-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20241015135119NAL0016532883001, received 2024-10-15

Employer share of total contributions

37.5%

10th: 18.4%median 31.9%90th: 49.1%

Higher than 67% of the 2,256 plans $250M to 1B that report it.

Source

= $12,369,044 / $33,022,450
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20241015135119NAL0016532883001, received 2024-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20241015135119NAL0016532883001, received 2024-10-15

Plan terms, as stated in Altra Industrial Motion Corp.'s SEC filings

Plan terms are described in Altra Industrial Motion Corp.'s SEC filings: Form 10-K filed 2023-03-01. No term could be quoted from them with the required precision.

Plans sponsored

PlanAssetsParticipants with a balanceHeadlineYear
Altra Industrial Motion Corp. 401(k) Savings Plan$286,018,7003,867 $85.57 recordkeeping fees per participant2023
TB Wood's, Inc. 401(k) Savings Planfinal filing$00 2023

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Sponsor name as filed: ALTRA INDUSTRIAL MOTION CORP; SEC registrant: Altra Industrial Motion Corp. (CIK 1374535, matched by EIN).