Plan Snapshot
- Plan Sponsor: Southwest Airlines Co.
- Sponsor EIN: 741563240
- Sponsor Address: 2702 LOVE FIELD DRIVE, HDQ-6TX, DALLAS, TX, 75235
- Plan Type: DC
- Total Participants: 0
- Total Assets: $0
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. |
|---|---|---|---|---|
| 2024 | 0 | $0 | $0 | $0 |
| 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 | $2,221,572 | — | $2,221,572 |
| STATE STREET GLOBAL ADVISORS | INVESTMENT ADVISOR | $187,500 | — | $187,500 |
| NEPC, LLC | INVESTMENT ADVISOR | $67,500 | — | $67,500 |
| CBIZ CPAS P.C. | AUDITOR | $54,600 | — | $54,600 |
| QDRO CONSULTANTS COMPANY, LLC | CONSULTING | $39,300 | — | $39,300 |
| CHARLES SCHWAB & CO., INC. | BROKER | $14,474 | — | $14,474 |
| MHM RETIREMENT PLAN SOLUTIONS LLC | NONE | $10,970 | — | $10,970 |
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: $2,595,916
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 | $752,937 | $87,298 | — | $14,400 | — |
| 2023 | $1,292,471 | $100,987 | $33,750 | $27,300 | — |
| 2022 | $469,465 | $170,000 | — | — | $37,988 |