Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › SP Plus
SP Plus 401(k)
- Other services
- Chicago, IL
- EIN 16-1171179
- 1 plan with Schedule H financials
- Plan year 2024
- SP Plus Corporation
- SEC registrant SP Plus Corp
Administrative expenses excluding investment management, per participant · SP+ 401(k) Savings Plan · plan year 2024
$120.67
Higher than 64% of the 8,758 plans $50 to 250M that report it.
Source
= $655,830 / 5,435
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014110329NAL0001275443001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014110329NAL0001275443001, received 2025-10-14
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-14.
Cost and contributions
Administrative expenses per participant
$120.67
Higher than 45% of the 9,042 plans $50 to 250M that report it.
Source
= $655,830 / 5,435
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014110329NAL0001275443001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014110329NAL0001275443001, received 2025-10-14
Administrative expenses as a share of assets
0.324%
Higher than 90% of the 9,049 plans $50 to 250M that report it.
Source
= $655,830 / $202,614,616
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014110329NAL0001275443001, received 2025-10-14
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014110329NAL0001275443001, received 2025-10-14
Employer contributions per participant
$794
Higher than 8% of the 9,105 plans $50 to 250M that report it.
Source
= $4,313,524 / 5,435
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014110329NAL0001275443001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014110329NAL0001275443001, received 2025-10-14
Employer share of total contributions
22.5%
Higher than 27% of the 9,112 plans $50 to 250M that report it.
Source
= $4,313,524 / $19,153,293
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014110329NAL0001275443001, received 2025-10-14
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014110329NAL0001275443001, received 2025-10-14
Plan terms, as stated in SP Plus Corporation's SEC filings
Plan terms are described in SP Plus Corporation's SEC filings: Form 10-K filed 2024-02-28. No term could be quoted from them with the required precision.
Plan features
2E profit-sharing · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251014110329NAL0001275443001, received 2025-10-14
Full record, SP+ 401(k) Savings Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | SP PLUS CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Plan name | SP+ 401(K) SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Sponsor EIN / plan number | 16-1171179 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Sponsor location | CHICAGO, IL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Industry (business code) | 812930, Other services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Filing received | 2025-10-14 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Participants, beginning of year | 15,333 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Active participants | 13,164 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Participants, end of year | 14,195 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Participants with an account balance | 5,435 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Total assets, beginning of year | $181,247,050 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Total assets, end of year | $202,614,616 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Net assets, end of year | $202,614,616 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Total income | $44,688,593 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Net income | $21,367,566 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Employer contributions | $4,313,524 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Participant contributions | $13,122,026 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Other contributions (incl. rollovers) | $1,717,743 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Total contributions | $19,153,293 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Benefit payments | $22,639,792 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Total expenses (incl. benefit payments) | $23,321,027 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Total administrative expenses | $655,830 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Contract administrator fees | $655,830 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Administrative expenses excluding investment management | $655,830 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Held in common/collective trusts | $22,404,958 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Held in mutual funds | $133,813,782 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251014110329NAL0001275443001, received 2025-10-14 |
| Independent auditor | CROWE LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251014110329NAL0001275443001, received 2025-10-14 |
Position = column in the DOL layout for form year 2024. Filing 20251014110329NAL0001275443001, received 2025-10-14.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | CONTRACT ADMINISTRATOR | 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $655,829 | yes |
| CROWE LLP | ACTUARY | 11 Actuarial; 99 Other fees | $0 | yes |
| WILLIAM E HAMM AND ASSOCIATES INC | INVESTMENT ADVISORY | 27 Investment advisory (plan); 99 Other fees | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251014110329NAL0001275443001, received 2025-10-14.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $181,247,050 | $202,614,616 | 11.8% |
| Participants with a balance | 5,436 | 5,435 | -0.0% |
| Administrative expenses | $605,780 | $655,830 | 8.3% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $3,812,881 | $4,313,524 | 13.1% |
Prior filing 20241015155153NAL0029004897001, received 2024-10-15; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: SP PLUS CORPORATION; SEC registrant: SP Plus Corp (CIK 1059262, matched by EIN; display name from the Form 10-K cover).