# Spirit Airlines Pilot Retirement Savings Plan

Spirit Airlines Pilot Retirement Savings Plan is a Pension Fund based in Miramar, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Miramar, United States
- **Region:** North America
- **Address:** Miramar, FL, United States
- **Assets under management:** Undisclosed
- **Website:** spirit.com

## Regulatory record

- **Reports private funds:** No

## About

The Spirit Airlines Pilot Retirement Savings Plan operates as a single-employer defined-contribution plan providing individual participant accounts. Contributions flow from both Spirit Airlines pilots and the airline itself. The plan administrator is Spirit Airlines, with Charles Schwab serving as recordkeeper — a standard 401(k) architecture common among US carriers. Specific investment-lineup data, total assets under management, and participant count remain unpublished. The plan's parent sponsor, Spirit Airlines, ceased all operations on May 2, 2026, initiating an orderly wind-down effective immediately (per the firm, May 2026). This termination of the sponsor's business leaves the plan's future status — including blackout periods, distribution options, and potential termination — unresolved in the public record. No regulatory filings detail the plan's current asset allocation or funded status. The plan's sole known operating relationship is with Charles Schwab as custody and recordkeeping provider. No co-investment vehicles, affiliated foundations, or advisory boards are publicly associated with the plan. The airline's ultra-low-cost-carrier business model served over 60 destinations across the United States, Caribbean, and Latin America, but the plan itself discloses no geographic investment concentrations. The plan's structural distinctiveness lies in its abrupt orphan status: a frozen or terminating pension vehicle for a sponsor that has disintegrated operationally. Most peer airline plans remain attached to going concerns, making this plan a case study in post-sponsor-failure retirement administration. How fiduciary oversight and participant communications will be handled during and after the wind-down — given the airline's removal of all customer contact infrastructure — remains the defining, unanswered structural question.

## Questions

### What type of retirement plan is this?

It is a defined-contribution plan encompassing both a 401(k) feature and a profit-sharing component. Participants accumulate individual account balances funded by employee deferrals and employer contributions. This structure differs from a defined-benefit pension, where the employer guarantees a specific retirement income stream.

### Does the plan disclose its investment lineup or asset allocation?

No. The specific investment options — mutual funds, collective trusts, target-date funds, or self-directed brokerage — have not been publicly disclosed. Charles Schwab's standard institutional platform includes a range of core fund families, but the plan's actual menu is unknown without participant-level documents or Form 5500 filings.

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Last updated: 2026-06-03T20:00:00.000Z

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