SPIRIT AIRLINES, INC. PILOTS' RETIREMENT SAVINGS PLAN · MIRAMAR, FL · plan year 2024
Reported admin expense ratio · 2024
0.04%
Peer grade: A-· admin costs + employer contributions vs same-size plans · how grading works
Spirit Airlines, Inc. reported $457,328 in plan administrative expenses for 2024: 0.04% of average plan assets, below the peer median. Employer contributions averaged $33,892 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio rose from 0.03% to 0.04%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 41st-largest of 3,644 plans among Florida employers on file, and the 33rd of 2,677 in transportation & warehousing. In 2024, the employer put in $2.30 for every $1.00 employees contributed themselves.
Plan summary
Net assets, end of year$1,181,558,760
Participants with balances3,511
Active participants3,199
Employer contributions$108,420,600
Employee contributions$47,218,928
Employer contribution per active participant$33,892
Employer contribution per active participant$33,892
Median for plans this size$5,259
2024$33,892 per active participant
2023$25,785 per active participant
2022$23,431 per active participant
Spirit Airlines, Inc.'s 2024 employer contribution ran above the $5,259 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
What these fees cost you
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Source: U.S. Department of Labor, Form 5500 series, EIN 381747023 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.