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Company:
Altair Engineering, Inc.
Plan:
Altair Salary Reduction Profit Sharing Plan
 

Altair Engineering, Inc.

73 Plan: Altair Salary Reduction Profit Sharing Plan

 
 
73
42
73
91
0
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100
For the average 401k participant, the 18 point difference between this plan's BrightScope Rating (73) and the top rated plan (91) could equate to:
[How is this calculated?]
12 additional years of work
Up to $89,700 in lost retirement savings.
The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.

 

Retirement Plan Description

Altair Salary Reduction Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 73. This plan is in the top 15% of plans for Account Balances and Salary Deferral. Altair Salary Reduction Profit Sharing Plan currently has over 1,100 active participants and over $73.2M in plan assets.


 Investment Menu Statistics

No. of Investment Options
41
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. Fidelity Advisor New Insights 8%
2. Fidelity Retirement Money Market 7%
3. Eaton Vance Atlanta Capital SMID-Cap 7%

 Retirement Plan Details

Address 1820 East Big Beaver Road
Troy, MI 48083 
Industry Software Publishers
Administrator David Vervaecke
Net Plan Assets $73,200,000
Total Participants 1,100
Avg Account Balance $94,000

  Plan Service Providers

Recordkeeper Fidelity
Auditor Plante & Moran, PLLC