Altec Industries 401(k) match, vesting and fees
What Altec Industries' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Merrill Lynch, Pierce, Fenner and S | Schedule C ↗ |
| Independent auditor | Dent Moses, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 203 defined-contribution plans in manufacturing with 10,000 to 49,999 participants.
| Altec Industries: employer contribution per participant | $2,846 | |
| Peer median | $3,733 |
| Altec Industries: average balance | $85,223 | |
| Peer median | $157,962 |
| Altec Industries: admin expenses ÷ assets | 0.01% | |
| Peer median | 0.05% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $770M at the end of plan year 2021 to $986M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 11,954 | $986M | $32.9M | $2,846 | 0.01% | Not published | Form 5500 ↗ |
| 2023 | 10,741 | $828M | $29.6M | $2,837 | <0.01% | Not published | Form 5500 ↗ |
| 2022 | 10,513 | $666M | $27.3M | $2,668 | <0.01% | Not published | Form 5500 ↗ |
| 2021 | 10,468 | $770M | $25.9M | $2,546 | <0.01% | Not published | Form 5500 ↗ |
Other Altec Industries plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Altec Industries, Inc. Associates' Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Milliman | Schedule C ↗ |
| Independent auditor | Dent Moses, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Altec Industries match 401(k) contributions?
The match terms for the Altec, Inc. Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $32.9M in employer contributions, about $2,846 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Altec Industries 401(k) match vested?
The vesting schedule for the Altec, Inc. Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Altec Industries 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Merrill Lynch, Pierce, Fenner and S. The plan administrator is Altec Industries, Inc..
I left Altec Industries. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Altec Industries, Inc., (205) 991-7733) or the recordkeeper, Merrill Lynch, Pierce, Fenner and S. The Altec Industries old 401(k) page lists the contacts from every plan filing. Find an old Altec Industries 401(k)
Data from the public Form 5500 annual reports Altec Industries filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Altec Industries. Not financial advice. Report a correction · Methodology