Plan Snapshot
- Plan Sponsor: Altair Engineering, INC.
- Sponsor EIN: 382591828
- Sponsor Address: 1820 EAST BIG BEAVER ROAD, TROY, MI, 48083
- Plan Type: 401(k)
- Total Participants: 1,006
- Total Assets: $262.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,006 | $262.8M | $1.5M | $13.4M |
| 2023 | 1,020 | $231.7M | $1.5M | $12.3M |
| 2022 | 1,023 | $186.3M | $1.4M | $11.1M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PLANTE MORAN, PLLC | Auditor | $22,595 | — | $22,595 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $22,595
- Estimated Expense Ratio: 0.009% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $210,880 | $175,000 | — | $22,595 | — |
| 2023 | $198,931 | $176,625 | — | $19,000 | — |
| 2022 | $207,337 | $179,437 | — | — | $27,900 |