San Antonio Spurs, LLC 401(k) Review & Grade
Spurs Sports & Entertainment 401(k) Plan
San Antonio, TXArts, Entertainment & Recreation1,158 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$995Employer $ per active participant
$3,099Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$54.5MNet plan assets, end of year
$41,107Average balance per account
Score breakdown
- Employer generosity25.0 / 5050th percentile for employer $ per participant
- Low cost19.5 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving9.8 / 1565th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 78th |
| Employee saving | 65th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- San Antonio Spurs put in about $995 per active participant, more than the typical peer ($995). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,152,015 |
| Participant (employee) contributions | $3,588,064 |
| Other contributions (incl. rollovers in) | $569,041 |
| Administrative expenses paid from the plan | $42,119 |
| Investment advisory & management fees | $57,274 |
| Benefits paid out | $3,452,293 |
| Net assets, start / end of year | $46.0M / $54.5M |
| Active participants, start / end of year | 1,085 / 1,231 |
| Participants with account balances | 1,327 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Capfinancial Partners LLC | $57,274 reported compensation |
| Fidelity Investments Institutional | −$15,155 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006130724NAL0002078771001, received 2025-10-06, EIN 74-2664244, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.