San Antonio Spurs 401(k) match, vesting and fees
What San Antonio Spurs' 401(k) plan says about matching contributions
Employer contributions to the Plan consist of matching contributions and elective contributions made annually at the discretion of the Plan Sponsor’s board of directors. The Plan Sponsor makes matching contributions up to 3% of gross compensation with a limit of $6,000 per participant.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 42 ↗ |
| Match vesting | Participants are immediately vested in their contributions plus actual earnings thereon. Vesting in the Plan Sponsor’s contributions is based on years of continuous service. A participant is 100% vested after three years of credited service, or upon the death or disability of the participant. | Audit report, p. 42 ↗ |
| Automatic enrollment | The plan document includes an automatic deferral feature whereby a participant is treated as electing to defer 4% of eligible compensation unless the participant made an election otherwise and increase by 1% each year to a maximum of 10%. | Audit report, p. 42 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum of $50,000 or 50% of their vested account balance, whichever is less. The loans are secured by the balance in the participant’s account and bear a fixed interest rate set by the Plan Investment Committee. The interest rate is based on a commercially reasonable rate at the time the loan was made. The maximum repayment period is generally five years unless the proceeds from the loan are used toward the purchase of the participant’s principal residence. | Audit report, p. 43 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Forvis Mazars, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 135 defined-contribution plans in arts, entertainment, and recreation with 1,000 to 4,999 participants.
| San Antonio Spurs: employer contribution per participant | $868 | |
| Peer median | $1,412 |
| San Antonio Spurs: average balance | $41,107 | |
| Peer median | $54,020 |
| San Antonio Spurs: admin expenses ÷ assets | 0.08% | |
| Peer median | 0.16% |
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 $43.3M at the end of plan year 2021 to $54.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,669 | $54.5M | $1.2M | $868 | 0.08% | Quoted in the audit report, p. 42 ↗ | Form 5500 ↗ |
| 2023 | 1,475 | $46M | $1.1M | $909 | 0.02% | Not published | Form 5500 ↗ |
| 2022 | 1,237 | $37.1M | $728K | $679 | 0.15% | Not published | Form 5500 ↗ |
| 2021 | 1,032 | $43.3M | $356K | $373 | 0.26% | Not published | Form 5500 ↗ |
Common questions
Does San Antonio Spurs match 401(k) contributions?
The audit report attached to the Spurs Sports & Entertainment 401(k) Plan's plan year 2024 Form 5500, page 42 says: “Employer contributions to the Plan consist of matching contributions and elective contributions made annually at the discretion of the Plan Sponsor’s board of directors. The Plan Sponsor makes matching contributions up to 3% of gross compensation with a limit of $6,000 per participant.” Plan terms may have changed; check your current Summary Plan Description.
When is the San Antonio Spurs 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 42 says: “Participants are immediately vested in their contributions plus actual earnings thereon. Vesting in the Plan Sponsor’s contributions is based on years of continuous service. A participant is 100% vested after three years of credited service, or upon the death or disability of the participant.”
Who manages the San Antonio Spurs 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is San Antonio Spurs, LLC.
I left San Antonio Spurs. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (San Antonio Spurs, LLC, (210) 444-5548) or the recordkeeper, Fidelity Investments Institutional. The San Antonio Spurs old 401(k) page lists the contacts from every plan filing. Find an old San Antonio Spurs 401(k)
Data from the public Form 5500 annual reports San Antonio Spurs 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 San Antonio Spurs. Not financial advice. Report a correction · Methodology