Spire Services Inc. 401(k) Review & Grade
Spire Employee Savings Plan
ST. Louis, MOUtilities3,522 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,697Employer $ per active participant
$8,860Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$688.6MNet plan assets, end of year
$174,031Average balance per account
Score breakdown
- Employer generosity13.5 / 5027th percentile for employer $ per participant
- Low cost22.0 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Utilities plans with 2,500–9,999 active participants (38 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 88th |
| Employee saving | 35th |
| Peers that auto-enroll | 82% |
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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
- Spire Services put in about $4,697 per active participant, below the typical peer ($6,490). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- 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 | $16,541,538 |
| Participant (employee) contributions | $31,199,695 |
| Other contributions (incl. rollovers in) | $1,358,074 |
| Administrative expenses paid from the plan | $225,192 |
| Investment advisory & management fees | $113,362 |
| Benefits paid out | $91,238,823 |
| Net assets, start / end of year | $639.2M / $688.6M |
| Active participants, start / end of year | 3,583 / 3,460 |
| Participants with account balances | 3,957 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
| Employer stock held by plan | $49,373,212 |
Largest service providers (Schedule C)
| Fidelity Investment Inst. Ops. Co | $111,708 reported compensation |
| Strategic Advisors, Inc. | $93,875 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250714145126NAL0000964403001, received 2025-07-14, EIN 47-4582725, plan #009, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.