401(k) · DOL Form 5500 · 2024

Spirit Airlines, Inc. 401(k) Plan

Data updated 2026-08-11

$296M
Total assets
9,956
Participants
96th
Percentile by assets
$29,711
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

$296M in assets, 9,956 participants

Spirit Airlines, Inc.'s Spirit Airlines, Inc. Employee Retirement Savings Plan reported $296M in total assets and 9,956 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.

  • 96th percentile by assets (of 123,622 plans)
  • #3,102 in Transportation & Warehousing (3,299 peers)

Coverage in Florida

Spirit Airlines, Inc. Employee Retirement Savings Plan covers 9,956 participants in Florida, 16x the typical Florida plan (state average ~628 per filing). Assets: $296M.

$296M
total plan assets (2024 EOY)
9,956
covered participants
96th
percentile by assets (of 123,622 plans)
$29,711
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 2024 · DOL Form 5500

$295,801,975 Top 4% higher than 96% of 123,620 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 2024

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Spirit Airlines, Inc. Employee Retirement Savings Plan end-of-year assets rose from $242M in the plan year 2023 filing to $296M in the plan year 2024 filing.
  • Spirit Airlines, Inc. Employee Retirement Savings Plan reported participants rose from 8,571 in the plan year 2023 filing to 9,956 in the plan year 2024 filing.
  • Spirit Airlines, Inc. Employee Retirement Savings Plan reported net income fell from $59M in the plan year 2023 filing to $54M in the plan year 2024 filing.

See the national 2023→2024 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 9,956 participants - 16x that state average ($296M EOY assets).

Florida filing particulars

Total Assets (Beginning of Year)$242M
Net Assets (End of Year)$296M
Net Income$54M
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…Publix Super Markets…Nextera Energy, Inc.…
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 $296M in end-of-year assets across 9,956 participants (0.002% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.011% of 93,925,755 covered participants) - about $29,711 per participant (21% of the national average assets-per-participant) . Net income for plan year 2024 was $54M.

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 Open filing
2024 · index core 9,956 $296M This page

The same sponsor also keeps 1 other index-core plan 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 2024?
Spirit Airlines, Inc. Employee Retirement Savings Plan grew sharply - up 22.3% during 2024, from $242M to $296M. Reported net income was $54M.
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 96th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 I.B.E.W. Local Union 481 Defined Contribution Plan in IN ($296M, 2,994 participants).

Next read for Spirit Airlines, Inc. Employee Retiremen…

Filing takeaways

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