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 |
|---|---|---|---|---|
| WEAVER AND TIDWELL,L.L.P. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WEAVER AND TIDWELL,L.L.P. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 |