Plan5500

Altair Salary Reduction Profit Sharing Plan — Form 5500 plan (Altair Engineering, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Altair Salary Reduction Profit Sharing Plan is a benefit plan reported by Altair Engineering, Inc. under EIN 38-2591828 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,585 participants and $231,742,186 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$231.7MPlan net assets, end of year$231,742,186
Participants1.6KCovered participants reported1,585
Assets / participant$146.2KComputed: assets ÷ participants$146,210 (computed)
Provider compensation$198.9K3 Schedule C provider row(s)$198,931
Plan sponsor
Altair Engineering, Inc.
EIN
38-2591828
Plan number
001
Plan type
2
Location
Troy, MI
Latest filing year
2023
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    1,585 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$231.7M total assets
Net assets$231.7MLiabilities$0
Money in vs. money out
Total income / additions$52.8M
Total expenses$11.1M
Benefits paid / distributions$10.9M
Contributions
Employer$1.5M
Participant$12.3M
Full reported line items

Net assets

Total assets (EOY)
$231,742,186
Total liabilities (EOY)
$0
Net assets (EOY)
$231,742,186
Net assets (BOY)
$186,254,160

Income & contributions

Employer contributions
$1,519,926
Participant contributions
$12,312,189
Total contributions
$15,349,607
Total income / additions
$52,816,677

Expenses & distributions

Benefits paid
$10,890,685
Administrative expenses
$198,931
Total expenses
$11,089,616
Net increase / (decrease)
$41,727,061
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 11%Participant 89%
Total expenses ÷ net assets5%Computed ratio
Benefits paid ÷ total income21%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Gregory J Schwartz & Company Inc$176.6K
    NONE · Direct $176.6K
  2. 2
    Plante And Moran Pllc$19K
    NONE · Direct $19K
  3. 3
    Empower Annuity Insurance Company O$3.3K
    NONE · Direct $3.3K · Indirect $0

Related Form 5500 pages