Spar Group, Inc 401(k) Plan: Login, Facts & Contact Information

Spar Group, Inc 401(k) Plan Facts

Plan name
SPAR GROUP, INC 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SPAR GROUP, INC
Participants
2,862 (4,703 active employees)
Former employees with a balance
55
Plan assets
$10,484,182 at Dec 31, 2024
Average account balance
$14,850 across 706 accounts
Employer contributions
$74,140 in plan year 2024 (6% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Apr 1, 1983
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Jun 1, 2026. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.24 million went into the plan in contributions, $74,140 of it from the employer (6%).
  • $1.08 million was paid out to participants.
  • Investment and other income added $868,163.
  • Administrative expenses were $110,621, about $157 per account.

How the Spar Group, Inc 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019690$8.97 million$58,238$831,409
2020941$8.71 million—$1.56 million
20211,843$8.76 million$132,209$1.83 million
20222,325$7.75 million$74,908$651,701
20233,635$9.58 million$74,907$1.17 million
20242,862$10.5 million$74,140$1.08 million

Spar Group, Inc 401(k) Contact Information

Phone
248-364-8558
Mailing address
110 EAST BLVD, SUITE 1600, CHARLOTTE NC 28203
Plan sponsor
SPAR GROUP, INC
Employer identification number (EIN)
33-0684451
Plan number
001

Questions about the Spar Group, Inc 401(k)

Does Spar Group, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $74,140, 6% of all contributions.

Does the Spar Group, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Spar Group, Inc 401(k) plan?

2,862 participants at the start of plan year 2024, 4,703 of them active employees, and 55 former employees who still had money in the plan.

What is the average 401(k) balance at Spar Group, Inc?

About $14,850 per account: $10.5 million in plan assets across 706 accounts with a balance at the end of plan year 2024.

Who manages the Spar Group, Inc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Spar Group, Inc. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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