Plan Snapshot
- Plan Sponsor: Spirit Airlines, INC.
- Sponsor EIN: 381747023
- Sponsor Address: 1731 RADIANT DRIVE, DANIA BEACH, FL, 33004
- Plan Type: 401(k)
- Total Participants: 3,199
- Total Assets: $1.2B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 3,199 | $1.2B | $108.4M | $47.2M |
| 2023 | 3,658 | $948.1M | $94.3M | $43.6M |
| 2022 | 3,163 | $691.2M | $74.1M | $36.4M |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C | Auditor | $22,400 | — | $22,400 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $22,400
- Estimated Expense Ratio: 0.002% 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 | $457,328 | $415,278 | — | $22,400 | — |
| 2023 | $260,389 | $239,089 | — | — | — |
| 2022 | $190,017 | $106,077 | — | — | — |