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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
41
70
88
0
10
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100
For the average 401k participant, the 15 point difference between this plan's BrightScope Rating (73) and the top rated plan (88) could equate to:
[How is this calculated?]
9 additional years of work
Up to $106,300 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 Salary Deferral. Altair Salary Reduction Profit Sharing Plan currently has over 1,200 active participants and over $78.8M in plan assets.


 Investment Menu Statistics

No. of Investment Options
48
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. JPMorgan Equity Income 8%
2. Fidelity Advisor New Insights 7%
3. Eaton Vance Atlanta Capital SMID-Cap 6%

 Retirement Plan Details

Address 1820 East Big Beaver Road
Troy, MI 48083 
Industry Software Publishers
Administrator James Scapa
Net Plan Assets $78,800,000
Total Participants 1,300
Avg Account Balance $83,000

 
Plan Service Providers

Recordkeeper Fidelity
Recordkeeper Great-West Life
Auditor Plante & Moran, PLLC