# Southwest Airlines Co. 401(k) Plan
Source: https://planprovider.pro/companies/southwest-airlines-co-401k-plan

> Southwest Airlines Co.'s 401(k) plan: 74,221 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/milliman) — INVESTMENT ADVISOR

- [CHARLES SCHWAB & CO., INC.](https://planprovider.pro/provider/charles-schwab-and-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|

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