2023 Form 5500 filing — Southwest Airlines Co. 401k Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240913132821NAL0006000515001) for Southwest Airlines Co. 401k Plan, reported by Southwest Airlines Co. under EIN 74-1563240 and plan number 004. It reports 68,980 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240913132821NAL0006000515001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Southwest Airlines Co.
- EIN
- 74-1563240
- Plan number
- 004
- Location
- Dallas, TX
- Participants
- 68,980
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $9,866,923,903
- Total liabilities (EOY)
- $363,405
- Net assets (EOY)
- $9,866,560,498
- Employer contributions
- $326,460,475
- Participant contributions
- $406,563,501
- Total income / additions
- $2,481,123,765
- Benefits paid
- $605,474,910
- Administrative expenses
- $2,609,874
- Total expenses
- $608,057,554
- Net increase / (decrease)
- $1,873,066,211
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $2,526,494 | $0 |
| Nepc LLC | INVESTMENT ADVISOR | $33,750 | not reported in the loaded dataset |
| Cbiz Cpas P.C. | AUDITOR | $29,700 | not reported in the loaded dataset |
| Qdro Consultants Company | CONSULTANT | $12,675 | not reported in the loaded dataset |
| Charles Schwab & Co., Inc. | BROKER | $7,821 | $0 |
| Mhm Retirement Plan Solutions LLC | NONE | $5,485 | not reported in the loaded dataset |