Department of Labor filing

SPIRIT BANKCORP, INC.

SPIRIT BANKCORP, INC. 401(K) PLAN AND TRUST · For the plan year ended Dec 31, 2024

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Public filing 2024 · received Oct 14, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

46filing comparison
out of 100

The filing looks broadly typical among comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$2,701

Reported employer contributions per active participant.

Higher than about 36% of comparable plans

#People in the filing

124

Active participants reported for 2024.

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

¢Visible plan-paid fees

$108 / participant

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

Lower cost than about 69% of comparable plans

↗Investment performance

Not available

Plan assets changed 6.8%, 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 · 202446out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions36th percentileTypical peer $3,279 · based on 1,427 comparable plans

Lower reported administrative expense69th percentileTypical peer $184 · based on 1,443 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, SPIRIT BANKCORP, INC. reported $334,867 in employer contributions across the plan and 124 active participants. That works out to $2,701 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 proxy48%

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 5.4%

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

Expense trendDown 43.8%

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

Peer context46/100

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: $334,867
Participant contributions: $674,028
Other contributions: $118,693
Employer share of reported contributions: 33.2%
Beginning assets: $12,813,107
Ending assets: $13,689,740
Ending net assets: $13,689,740
Ending liabilities: $0
Total income: $2,719,351
Total expenses: $1,842,718
Administrative expenses: $14,517
Participant loans: $162,895

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

$2,562

2023

$2,621

2024

$2,701

Plan-paid administrative expenses per participant

2022

$193

2023

$39

2024

$108

Active participants

2022

128

2023

122

2024

124

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$2,701	124	13.7M	20251014132806NAL0001419683001
2023	$2,621	122	12.8M	20241015160404NAL0058610178001
2022	$2,562	128	12.3M	20231011093412NAL0039071792001

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: 1.2%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Yes
Public plan identifier: 731131847-002

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1984
Industry: Finance and insurance
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2T3D

Current plan terms

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Filing ACK_ID20251014132806NAL0001419683001

Data sourceDOL Form 5500 bulk data ↗

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