Department of Labor filing

SP HOLDINGS, INC.

SP HOLDINGS, INC. 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Jul 11, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

72filing comparison
out of 100

The filing looks somewhat better than typical peers on the measures we can compare. This is a filing comparison, not a complete benefits score.

$Employer support

$5,410

Reported employer contributions per active participant.

Higher than about 90% of comparable plans

#People in the filing

474

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$245 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 30% of comparable plans

↗Investment performance

Not available

Plan assets changed 12.8%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202472out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions90th percentileTypical peer $1,808 · based on 144 comparable plans

Lower reported administrative expense30th percentileTypical peer $178 · based on 145 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, SP HOLDINGS, INC. reported $2,564,270 in employer contributions across the plan and 474 active participants. That works out to $5,410 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy81%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 43.6%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 144.4%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context72/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $2,564,270
Participant contributions: $2,937,873
Other contributions: $34,920
Employer share of reported contributions: 46.6%
Beginning assets: $87,734,400
Ending assets: $98,954,879
Ending net assets: $98,954,879
Ending liabilities: $0
Total income: $16,818,631
Total expenses: $5,598,152
Administrative expenses: $150,452
Participant loans: $0

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$3,767

2023

$4,348

2024

$5,410

Plan-paid administrative expenses per participant

2022

$100

2023

$210

2024

$245

Active participants

2022

496

2023

452

2024

474

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$5,410	474	99M	20250711132212NAL0010426960001
2023	$4,348	452	87.7M	20240815143040NAL0022642032001
2022	$3,767	496	76.8M	20230825143903NAL0001107152001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.0%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 910818516-004

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Oct 1, 1987
Industry: Industry group 322
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2T3D3H

Current plan terms

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Filing ACK_ID20250711132212NAL0010426960001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗