Plan Snapshot
- Plan Sponsor: Altec Industries, INC.
- Sponsor EIN: 630362926
- Sponsor Address: 210 INVERNESS CENTER DRIVE, BIRMINGHAM, AL, 35242
- Plan Type: 401(k)
- Total Participants: 10,685
- Total Assets: $986.4M
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 | 10,685 | $986.4M | $32.9M | $54.1M |
| 2023 | 9,486 | $827.8M | $29.6M | $48.2M |
| 2022 | 9,289 | $666.1M | $27.3M | $43.8M |
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 |
|---|---|---|---|---|
| DENT MOSES, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DENT MOSES, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $129,151 | — | — | — | — |
| 2023 | $61,617 | — | — | — | — |
| 2022 | $45,867 | — | — | — | — |