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

Altair Engineering, Inc.

68 Plan: Altair Salary Reduction Profit Sharing Plan

 
 
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87
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For the average 401k participant, the 19 point difference between this plan's BrightScope Rating (68) and the top rated plan (87) could equate to:
[How is this calculated?]
11 additional years of work
Up to $38,500 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 68. This plan is in the top 15% of plans for Salary Deferral. Altair Salary Reduction Profit Sharing Plan currently has over 1,000 active participants and over $47.9M in plan assets.


 Investment Menu Statistics

No. of Investment Options
35
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. Fidelity Prime Fund 9%
2. Fidelity Advisor Strategic Income 9%
3. Fidelity Advisor New Insights 8%

 Retirement Plan Details

Address 1820 East Big Beaver Road
Troy, MI 48083 
Industry Software Publishers
Administrator James Scapa
Net Plan Assets $47,900,000
Total Participants 1,100
Avg Account Balance $68,000

 Compare Other Companies in Peer Group

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  Plan Service Providers

Recordkeeper Fidelity
Auditor Plante & Moran, PLLC