Spirit Airlines 401(k) match, vesting and fees
What Spirit Airlines' 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 | Schwab Retirement Plan Services,inc | Schedule C ↗ |
| Independent auditor | Cbiz Cpas P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 53 defined-contribution plans in transportation and warehousing with 5,000 to 9,999 participants.
| Spirit Airlines: employer contribution per participant | $2,326 | |
| Peer median | $2,217 |
| Spirit Airlines: average balance | $49,924 | |
| Peer median | $65,929 |
| Spirit Airlines: admin expenses ÷ assets | 0.13% | |
| Peer median | 0.12% |
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 $199M at the end of plan year 2021 to $296M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 9,771 | $296M | $13.8M | $2,326 | 0.13% | Not published | Form 5500 ↗ |
| 2023 | 10,532 | $242M | $12.1M | $2,154 | 0.22% | Not published | Form 5500 ↗ |
| 2022 | 9,148 | $183M | $10.6M | $2,069 | 0.11% | Not published | Form 5500 ↗ |
| 2021 | 7,563 | $199M | $9.2M | $1,940 | 0.13% | Not published | Form 5500 ↗ |
Other Spirit Airlines plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Spirit Airlines, Inc. Pilots' Retirement Savings 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 | Schwab Retirement Plan Services Inc | Schedule C ↗ |
| Independent auditor | Cbiz Cpas P.C (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Spirit Airlines, Inc. Puerto Rico Retirement Savings 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.
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Common questions
Does Spirit Airlines match 401(k) contributions?
The match terms for the Spirit Airlines, Inc. Employee Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $13.8M in employer contributions, about $2,326 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Spirit Airlines 401(k) match vested?
The vesting schedule for the Spirit Airlines, Inc. Employee Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Spirit Airlines 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Schwab Retirement Plan Services,inc. The plan administrator is Spirit Airlines, Inc..
I left Spirit Airlines. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Spirit Airlines, Inc., (561) 871-6938) or the recordkeeper, Schwab Retirement Plan Services,inc. The Spirit Airlines old 401(k) page lists the contacts from every plan filing. Find an old Spirit Airlines 401(k)
Data from the public Form 5500 annual reports Spirit Airlines 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 Spirit Airlines. Not financial advice. Report a correction · Methodology