Plan Snapshot
- Plan Sponsor: Southwest Airlines Co.
- Sponsor EIN: 741563240
- Sponsor Address: 2702 LOVE FIELD DRIVE, HDQ-6TX, DALLAS, TX, 75235
- Plan Type: DC
- Plan Number: 001
- Total Participants: 79,787
- Total Assets: $5.8B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2023 | 79,787 | $5.8B | $84.3M | $0 |
| 2022 | 71,460 | $5.3B | $98.4M | $0 |
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 | $1,110,786 | — | $1,110,786 |
| STATE STREET GLOBAL ADVISORS | Investment Advisor | $93,750 | — | $93,750 |
| NEPC, LLC | Investment Advisor | $33,750 | — | $33,750 |
| CBIZ CPAS P.C. | Auditor | $27,300 | — | $27,300 |
| QDRO CONSULTANTS COMPANY, LLC | Other Service Provider | $19,650 | — | $19,650 |
| CHARLES SCHWAB & CO., INC. | Investment Advisor | $7,237 | — | $7,237 |
| MHM RETIREMENT PLAN SOLUTIONS LLC | Other Service Provider | $5,485 | — | $5,485 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NEPC, LLC — Investment Advisor
- CHARLES SCHWAB & CO., INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,297,958
- Estimated Expense Ratio: 0.022% 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 |
|---|---|---|---|---|---|
| 2023 | $1,292,471 | $100,987 | $33,750 | $27,300 | — |
| 2022 | $469,465 | $170,000 | — | — | $37,988 |