The negative impact of conventional pesticides on the environment is already extensively discussed worldwide. Although the use of chemical agents for controlling agricultural pests remains as first-line strategy for pest control, novel biorational active insecticides, such as spirotetramat, have appeared in the pesticide market during recent years in Argentina. The aim of this study was to assess the toxicity of spirotetramat on two developmental stages of a Neotropical strain of Eretmocerus mundus, with the conventional insecticide cypermethrin as a positive control, and to determine spirotetramat’s side effects on parasitoid demographic parameters. Lethal effects of both insecticides on pupae and adults were evaluated by adult emergency and survival, respectively; whereas sublethal effects on both development stages were assessed by adult longevity, reproduction capacity, sex ratio, and longevity of the first progeny. Spirotetramat proved less harmful than cypermethrin at both developmental stages studied, corroborating once more the high toxicity of this pyrethroid to natural enemies. Although spirotetramat did not affect the emergence and reproductive capacity of adults surviving pupal exposure, the longevity of the first progeny was reduced as was adult survival and longevity after exposure to residues. Spirotetramat also reduced all demographic parameters in the population evaluation. This work is the first report of spirotetramat toxicity at the population level and demonstrates the need to assess the total effect of pesticides on natural enemies.