Retirement plan

SPIRE EMPLOYEE SAVINGS PLAN

Name: SPIRE SERVICES INC. - SPIRE EMPLOYEE SAVINGS PLAN (2023) Form 5500
Creator: SPIRE SERVICES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPIRE EMPLOYEE SAVINGS PLAN, SPIRE SERVICES INC.

SPIRE SERVICES INC.EIN 47-4582725Plan #009PY 2023

700 MARKET STREET 5TH FLOOR - ST. LOUIS, MO 631011829314-342-0739

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$639.2M

+12.5% from 2022

Total participants

4,113

-0.9% from 2022

Average account balance

$158,055

+12.4% from 2022

Annual return

16.52%

+30.71 pp from 2022

Benchmarks

See 73 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants1,000-4,999

Cohort73 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$776.99M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$197K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

3,935

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$48.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.00%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$63

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.6 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$93,875
FIDELITY INVESTMENTS INSTITUTIONAL7+ years Filed as: FIDELITY INVESTMENT INST. OPS. CO Service code 37 · EIN 04-2647786	Loan Processing	$88,821

Plan features & details

Pension benefit codes2F2G2J2O

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$183K

$51 / participant

Recordkeeping$86K46.8%
Investment mgmt$94K51.4%
Contract admin$3K1.8%

% of EOY assets

0.029%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$158,055

$167,950-5.9%

$112,899+40.0%

$80,149+97.2%

Participation rate

98.1%

94.5%+3.6pp

80.5%+17.6pp

72.9%+25.1pp

Annual return

16.52%

18.78%-2.3pp

34.11%-17.6pp

40.39%-23.9pp

Employer contribution / active EE

$4,381

$6,272-30.2%

$4,566-4.1%

$2,977+47.1%

Participant deferral / active EE

$8,041

$9,857-18.4%

$6,516+23.4%

$5,015+60.3%

Admin fee / account holder

$45

$104-56.4%

$7,047-99.4%

$145-68.8%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.6 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$93,875

FIDELITY INVESTMENTS INSTITUTIONAL7+ years

Filed as: FIDELITY INVESTMENT INST. OPS. CO

Service code 37 · EIN 04-2647786

Loan Processing

$88,821

SPIRE EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPIRE EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion