Plan Snapshot
- Plan Sponsor: Southwest Airlines Co.
- Sponsor EIN: 741563240
- Sponsor Address: 2702 LOVE FIELD DRIVE, HDQ-6TX, DALLAS, TX, 75235
- Plan Type: 401(k)
- Total Participants: 74,221
- Total Assets: $17.0B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 74,221 | $17.0B | $481.7M | $494.9M |
| 2023 | 67,305 | $9.9B | $326.5M | $406.6M |
| 2022 | 59,610 | $8.0B | $294.5M | $372.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $3,452,920 | — | $3,452,920 |
| CBIZ CPAS P.C. | AUDITOR | $67,400 | — | $67,400 |
| STATE STREET GLOBAL ADVISORS TRUST | INVESTMENT ADVISOR | $31,250 | — | $31,250 |
| QDRO CONSULTANTS COMPANY | CONSULTANT | $30,225 | — | $30,225 |
| NEPC LLC | INVESTMENT ADVISOR | $12,673 | — | $12,673 |
| CHARLES SCHWAB & CO., INC. | BROKER | $12,428 | — | $12,428 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NEPC LLC — INVESTMENT ADVISOR
- CHARLES SCHWAB & CO., INC. — BROKER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,606,896
- Estimated Expense Ratio: 0.021% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $3,597,092 | $43,923 | — | $70,025 | — |
| 2023 | $2,609,874 | $33,750 | — | $29,700 | — |
| 2022 | $667,035 | $45,000 | — | — | $53,720 |