Plan Snapshot
- Plan Sponsor: Southwest Airlines Company
- Sponsor EIN: 741563240
- Sponsor Address: 5221 N. O'CONNOR BLVD. SUITE 500, IRVING, TX, 75039
- Plan Type: 401(k)
- Total Participants: 11,679
- Total Assets: $11.6B
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 | 11,679 | $11.6B | $502.6M | $242.3M |
| 2023 | 11,221 | $9.1B | $355.1M | $197.6M |
| 2022 | 9,692 | $7.6B | $322.5M | $177.1M |
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 |
|---|---|---|---|---|
| SMITH ANGLIN FINANCIAL LLC | Other Service Provider | $1,993,618 | — | $1,993,618 |
| LEADING EDGE | Other Service Provider | $1,096,729 | — | $1,096,729 |
| FISHER INVESTMENTS | Recordkeeper | $716,470 | — | $716,470 |
| TOTAL INVESTMENT MANAGEMENT IN | Other Service Provider | $521,575 | — | $521,575 |
| SCHWAB RETIREMENT PLAN SERVICES,INC | Recordkeeper | $371,728 | — | $371,728 |
| MOUNTAIN CAPITAL INVESTMENT AD | Other Service Provider | $301,994 | — | $301,994 |
| SYMPHONY RISK SOLUTIONS, LLC | Other Service Provider | $258,306 | — | $258,306 |
| CHARLES SCHWAB AND CO.,INC. | Recordkeeper | $206,048 | — | $206,048 |
| ACT WEALTH MANAGEMENT LLC | Other Service Provider | $194,716 | — | $194,716 |
| HAMILTON CAPITAL LLC | Other Service Provider | $121,583 | — | $121,583 |
| CREATIVE PLANNING LLC | Investment Advisor | $95,532 | — | $95,532 |
| PRUDENT MAN INVESTMENT MANAGEM | Investment Advisor | $93,933 | — | $93,933 |
| STONEBRIDGE CAPITAL ADVISORS L | Other Service Provider | $93,214 | — | $93,214 |
| SYMPHONY FINANCIAL LTD. CO | Other Service Provider | $80,713 | — | $80,713 |
| ALLWORTH FINANCIAL LP | Other Service Provider | $62,003 | — | $62,003 |
| WHITE WING WEALTH MANAGEMENT L | Other Service Provider | $47,752 | — | $47,752 |
| ARISTA WEALTH MANAGEMENT LLC | Investment Advisor | $44,370 | — | $44,370 |
| BRINKER CAPITAL INVESTMENTS LL | Other Service Provider | $42,761 | — | $42,761 |
| ABOUND WEALTH MANAGEMENT LLC | Investment Advisor | $42,393 | — | $42,393 |
| BEACON POINTE ADVISORS LLC | Investment Advisor | $41,754 | — | $41,754 |
| TWO WEST CAPITAL ADVISORS LLC | Other Service Provider | $38,012 | — | $38,012 |
| TEXAS BANK AND TRUST COMPANY | Other Service Provider | $36,294 | — | $36,294 |
| CAPITAL ADVISORS INC | Other Service Provider | $35,474 | — | $35,474 |
| PROVIDENCE ASSET MGMT LLC | Other Service Provider | $35,400 | — | $35,400 |
| HIGHTOWER ADVISORS LLC | Other Service Provider | $35,133 | — | $35,133 |
| AVION WEALTH LLC | Other Service Provider | $34,213 | — | $34,213 |
| J V BRUNI AND COMPANY | Other Service Provider | $34,125 | — | $34,125 |
| FINANCIAL ENGINES ADVISORS LLC | Other Service Provider | $33,720 | — | $33,720 |
| ENVESTNET ASSET MANAGEMENT INC | Other Service Provider | $31,241 | — | $31,241 |
| SIGNATURE INVESTMENT ADVISORS | Other Service Provider | $31,225 | — | $31,225 |
| BIP WEALTH LLC | Other Service Provider | $29,771 | — | $29,771 |
| INDEPENDENT FINANCIAL PARTNERS | Other Service Provider | $28,715 | — | $28,715 |
| CLEAR SKY FINANCIAL LP | Other Service Provider | $28,330 | — | $28,330 |
| WEALTHPOINT ADVISORS LLC | Investment Advisor | $27,494 | — | $27,494 |
| LAURELHURST ASSET MANAGEMENT L | Other Service Provider | $23,964 | — | $23,964 |
| CAP PARTNERS LLC | Other Service Provider | $23,429 | — | $23,429 |
| PROSPERITAS FINANCIAL LLC | Other Service Provider | $22,024 | — | $22,024 |
| HHM WEALTH ADVISORS LLC | Investment Advisor | $21,630 | — | $21,630 |
| COMPASS FINANCIAL MGMT LLC | Other Service Provider | $21,485 | — | $21,485 |
| MORNINGSTAR INVESTMENT SERVICE | Other Service Provider | $21,260 | — | $21,260 |
| ZWJ INVESTMENT COUNSEL INC | Other Service Provider | $21,006 | — | $21,006 |
| WEAVER AND TIDWELL LLP | Auditor | $20,600 | — | $20,600 |
| WHALEN WEALTH MANAGEMENT INC | Other Service Provider | $20,091 | — | $20,091 |
| PURPOSE COMPREHENSIVE WEALTH | Other Service Provider | $19,724 | — | $19,724 |
| AVIATOR FINANCIAL CONSULTING L | Other Service Provider | $19,419 | — | $19,419 |
| CALLAN ASSOCIATES INC | Other Service Provider | $19,000 | — | $19,000 |
| KINGSVIEW WEALTH MANAGEMENT LL | Other Service Provider | $18,195 | — | $18,195 |
| CETERA INVESTMENT ADVISERS LLC | Other Service Provider | $18,112 | — | $18,112 |
| REGAL INVESTMENT ADVISORS LLC | Other Service Provider | $17,344 | — | $17,344 |
| SUMMIT GLOBAL INVESTMENTS LLC | Other Service Provider | $17,193 | — | $17,193 |
| ACCESS WEALTH MANAGEMENT INC | Other Service Provider | $16,654 | — | $16,654 |
| CORIENT PRIVATE WEALTH LLC | Investment Advisor | $15,775 | — | $15,775 |
| FLEXIBLE PLAN INVESTMENTS LTD | Other Service Provider | $15,634 | — | $15,634 |
| DIAMOND HEAD FINANCIAL ADVISOR | Other Service Provider | $15,077 | — | $15,077 |
| JOHNSON WEALTH INC | Investment Advisor | $14,918 | — | $14,918 |
| INVEST SMART USA INC | Other Service Provider | $14,719 | — | $14,719 |
| WOODLEY FARRA MANION PORTFOLIO | Other Service Provider | $14,347 | — | $14,347 |
| EUBEL BRADY & SUTTMAN ASSET MA | Other Service Provider | $14,241 | — | $14,241 |
| FARNAM FINANCIAL LLC | Other Service Provider | $14,000 | — | $14,000 |
| BROOKWOOD INVESTMENT GROUP LLC | Other Service Provider | $13,893 | — | $13,893 |
| RCS FINANCIAL PLANNING LLC | Other Service Provider | $12,874 | — | $12,874 |
| PRIVATE MANAGEMENT GROUP INC | Other Service Provider | $12,716 | — | $12,716 |
| MADISON PARTNERS | Other Service Provider | $12,654 | — | $12,654 |
| MAI CAPITAL MANAGEMENT LLC | Other Service Provider | $12,439 | — | $12,439 |
| KRANE FINANCIAL SOLUTIONS LLC | Other Service Provider | $12,350 | — | $12,350 |
| PERIGON WEALTH MANAGEMENT LLC | Other Service Provider | $12,111 | — | $12,111 |
| ADVISORY SERVICES NETWORK LLC | Other Service Provider | $12,032 | — | $12,032 |
| DIVERSIFY WEALTH MANAGEMENT LL | Other Service Provider | $11,891 | — | $11,891 |
| DYNASTY WEALTH MANAGEMENT LLC | Other Service Provider | $11,219 | — | $11,219 |
| LPL FINANCIAL LLC | Investment Advisor | $11,017 | — | $11,017 |
| KONDRACKI ADVISORY LLC | Other Service Provider | $10,463 | — | $10,463 |
| VAN HULZEN ASSET MANAGEMENT | Other Service Provider | $10,453 | — | $10,453 |
| ENVISION FINANCIAL SERVICES & | Other Service Provider | $10,333 | — | $10,333 |
| TRANSFORM WEALTH LLC | Other Service Provider | $10,149 | — | $10,149 |
| HARVARD AVENUE CONSULTANTS LLC | Other Service Provider | $10,032 | — | $10,032 |
| ISLAMORADA INVESTMENT | Other Service Provider | $9,996 | — | $9,996 |
| WATERLOO CAPITAL LP | Other Service Provider | $9,961 | — | $9,961 |
| MALOON POWERS PITRE & HIGGINS | Other Service Provider | $9,113 | — | $9,113 |
| AVIDIAN WEALTH ENTERPRISES LLC | Other Service Provider | $8,641 | — | $8,641 |
| ASSET STRATEGY ADVISORS LLC | Other Service Provider | $8,477 | — | $8,477 |
| WEBB FINANCIAL GROUP LLC | Other Service Provider | $8,168 | — | $8,168 |
| AXXCESS WEALTH MANAGEMENT LLC | Other Service Provider | $8,143 | — | $8,143 |
| TRAJAN WEALTH LLC | Investment Advisor | $7,937 | — | $7,937 |
| WESTWIND CAPITAL | Other Service Provider | $7,910 | — | $7,910 |
| STRATOS WEALTH ADVISORS LLC | Other Service Provider | $7,858 | — | $7,858 |
| FALCON WEALTH PLANNING INC | Other Service Provider | $7,775 | — | $7,775 |
| CLARK WEALTH PARTNERS LLC | Other Service Provider | $7,707 | — | $7,707 |
| FPC INVESTMENT ADVISORY INC | Other Service Provider | $7,333 | — | $7,333 |
| CORTLAND ASSOCIATES, INC | Other Service Provider | $7,110 | — | $7,110 |
| STEELPEAK WEALTH LLC | Investment Advisor | $6,886 | — | $6,886 |
| ALLIED INVESTMENT ADVISORS LLC | Other Service Provider | $6,805 | — | $6,805 |
| CARLTON HOFFERKAMP AND JENKS W | Other Service Provider | $6,369 | — | $6,369 |
| GLADSTONE INSTITUTIONAL ADVISO | Other Service Provider | $6,261 | — | $6,261 |
| ACR ALPINE CAPITAL RESEARCH LL | Other Service Provider | $5,927 | — | $5,927 |
| MCCARTNEY WEALTH MANAGEMENT LL | Other Service Provider | $5,836 | — | $5,836 |
| PRIME CAPITAL INVESTMENT ADVIS | Other Service Provider | $5,500 | — | $5,500 |
| D.S. BROWN WEALTH ADVISORS LLC | Other Service Provider | $5,487 | — | $5,487 |
| BERKSHIRE MONEY MANAGEMENT INC | Other Service Provider | $5,413 | — | $5,413 |
| O'HAGAN GROUP INC | Investment Advisor | $5,406 | — | $5,406 |
| SMARTX ADVISORY SOLUTIONS LLC | Other Service Provider | $5,197 | — | $5,197 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FISHER INVESTMENTS — Recordkeeper
- SCHWAB RETIREMENT PLAN SERVICES,INC — Recordkeeper
- CHARLES SCHWAB AND CO.,INC. — Recordkeeper
- CREATIVE PLANNING LLC — Investment Advisor
- PRUDENT MAN INVESTMENT MANAGEM — Investment Advisor
- ARISTA WEALTH MANAGEMENT LLC — Investment Advisor
- ABOUND WEALTH MANAGEMENT LLC — Investment Advisor
- BEACON POINTE ADVISORS LLC — Investment Advisor
- WEALTHPOINT ADVISORS LLC — Investment Advisor
- HHM WEALTH ADVISORS LLC — Investment Advisor
- WEAVER AND TIDWELL LLP — Auditor
- CORIENT PRIVATE WEALTH LLC — Investment Advisor
- JOHNSON WEALTH INC — Investment Advisor
- LPL FINANCIAL LLC — Investment Advisor
- TRAJAN WEALTH LLC — Investment Advisor
- STEELPEAK WEALTH LLC — Investment Advisor
- O'HAGAN GROUP INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,714,022
- Estimated Expense Ratio: 0.066% 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 | $7,739,627 | $6,898,898 | $468,894 | — | — |
| 2023 | $5,640,489 | $4,858,741 | $421,703 | — | — |
| 2022 | $5,006,474 | $4,291,338 | — | — | $402,051 |