401(k) · DOL Form 5500 · 2023

Spirit Airlines, Inc. 401(k) Plan

Data updated 2026-08-11

$242M
Total assets
8,571
Participants
95th
Percentile by assets
$28,231
Avg per participant
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Official DOL plan name: Spirit Airlines, Inc. Employee Retirement Savings Plan · Sponsored by Spirit Airlines, Inc. · Florida · Transportation & Warehousing

$242M in assets, 8,571 participants

Spirit Airlines, Inc.'s Spirit Airlines, Inc. Employee Retirement Savings Plan reported $242M in total assets and 8,571 participants in its 2023 DOL Form 5500 filing, ranking in the 95th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 95th percentile by assets (of 127,072 plans)
  • #3,152 in Transportation & Warehousing (3,362 peers)

Coverage in Florida

Spirit Airlines, Inc. Employee Retirement Savings Plan covers 8,571 participants in Florida, 14x the typical Florida plan (state average ~628 per filing). Assets: $242M.

$242M
total plan assets (2023 EOY)
8,571
covered participants
95th
percentile by assets (of 127,072 plans)
$28,231
avg assets per participant

Where Spirit Airlines, Inc. Employee Retirement Savings Plan sits by total assets

Spirit Airlines, Inc. Employee Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$241,964,197 Top 5% higher than 95% of 127,068 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Spirit Airlines, Inc. Employee Retirement Savings Plan reported net income rose from -$16M in the plan year 2022 filing to $59M in the plan year 2023 filing.
  • Spirit Airlines, Inc. Employee Retirement Savings Plan end-of-year assets rose from $183M in the plan year 2022 filing to $242M in the plan year 2023 filing.
  • Spirit Airlines, Inc. Employee Retirement Savings Plan reported participants rose from 7,133 in the plan year 2022 filing to 8,571 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Participants vs Florida filers

In Florida, the average filing covers about 628 participants across 6,617 plans. Spirit Airlines, Inc. Employee Retirement Savings Plan reports 8,571 participants - 14x that state average ($242M EOY assets).

Florida filing particulars

Total Assets (Beginning of Year)$183M
Net Assets (End of Year)$242M
Net Income$59M
Employer EIN381747023
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Spirit Airlines, Inc.)

$0.8B$1B$1.2B$1.4B$1.6B 202220232024 $0.87B $1.48B ▲ +70.1%
Total plan assets by year, all Spirit Airlines, Inc. plans on file
Year Plans Participants Total Assets
2022 2 9,923 $874M
2023 2 11,777 $1.2B
2024 2 13,477 $1.5B

Nearby 401(k) Plans in Florida

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Spirit Airlines, Inc. Employee Retirement Savings Plan vs. nearby 401(k) plans in Florida, assets vs. participants

Spirit Airlines, Inc. Employee Retirement Savings Plan vs. nearby 401(k) plans in Florida, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -505101520 Total assets ($B) Participants Spirit Airlines, Inc…L3harris Retirement …Savings Plan for Emp…Adp Totalsource Reti…Trinet 401(k) PlanPublix Super Markets…
Spirit Airlines, Inc. Employee Retirement Savings Plan vs. nearby 401(k) plans in Florida, assets vs. participants

Scale composition for Spirit Airlines, Inc. Employee Retirement Savings Plan

Spirit Airlines, Inc. Employee Retirement Savings Plan reports $242M in end-of-year assets across 8,571 participants (0.002% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.009% of 93,925,755 covered participants) - about $28,231 per participant (20% of the national average assets-per-participant) . Net income for plan year 2023 was $59M.

This plan identity (EIN 381747023, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $183M to $296M (+61.7%) while covered participants moved from 7,133 to 9,956 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 7,133 $183M Open filing
2023 8,571 $242M This page
2024 · index core 9,956 $296M Open filing

The same sponsor also keeps 2 other index-core plans on PlainRetire:

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Spirit Airlines, Inc. Employee Retirement Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Spirit Airlines, Inc. Employee Retirement Savings Plan assets move in 2023?
Spirit Airlines, Inc. Employee Retirement Savings Plan surged - up 32.3% during 2023, from $183M to $242M. Reported net income was $59M.
How have Spirit Airlines, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), Spirit Airlines, Inc.'s sponsor-wide assets grew 69.0%, from $874M to $1.5B.
Where does Spirit Airlines, Inc. Employee Retirement Savings Plan rank by assets among Form 5500 filers?
Spirit Airlines, Inc. Employee Retirement Savings Plan ranks in the 95th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Spirit Airlines, Inc. Employee Retirement Savings Plan?
Among 401(k) plans in other states, the closest by assets is Rolex Watch U.S.a., Inc. Profit Sharing Plan in NY ($242M, 584 participants).

Next read for Spirit Airlines, Inc. Employee Retiremen…

Filing takeaways

Ways to act on Spirit Airlines, Inc. Employee Retirement Savings Plan's numbers.