Southwest Airlines Co. 401k Plan — Form 5500 plan (Southwest Airlines Co.)
Plain-English plan 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, Southwest Airlines Co. 401k Plan is a benefit plan reported by Southwest Airlines Co. under EIN 74-1563240 and plan number 004. The latest loaded filing year is 2023. The filing reports 68,980 participants and $9,866,923,903 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Southwest Airlines Co.
- EIN
- 74-1563240
- Plan number
- 004
- Plan type
- 2
- Location
- Dallas, TX
- Latest filing year
- 2023
- Participants
- 68,980
- End-of-year plan assets
- $9,866,923,903
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 68,980 | H, C | 20240913132821NAL0006000515001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $9,866,923,903
- Total liabilities (EOY)
- $363,405
- Net assets (EOY)
- $9,866,560,498
- Net assets (BOY)
- $7,993,494,287
Income & contributions
- Employer contributions
- $326,460,475
- Participant contributions
- $406,563,501
- Total contributions
- $766,044,173
- Total income / additions
- $2,481,123,765
Expenses & distributions
- Benefits paid
- $605,474,910
- Administrative expenses
- $2,609,874
- Total expenses
- $608,057,554
- Net increase / (decrease)
- $1,873,066,211
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $2,526,494 | $0 | 2023 |
| Nepc LLC | INVESTMENT ADVISOR | $33,750 | not reported in the loaded dataset | 2023 |
| Cbiz Cpas P.C. | AUDITOR | $29,700 | not reported in the loaded dataset | 2023 |
| Qdro Consultants Company | CONSULTANT | $12,675 | not reported in the loaded dataset | 2023 |
| Charles Schwab & Co., Inc. | BROKER | $7,821 | $0 | 2023 |
| Mhm Retirement Plan Solutions LLC | NONE | $5,485 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Southwest Airlines Co.
- 2023 Form 5500 filing
- Form 5500 filings in TX
- 401(k) and benefit plan filings in Dallas, TX
- Empower Annuity Insurance Company — Schedule C compensation
- Nepc LLC — Schedule C compensation
- Cbiz Cpas P.C. — Schedule C compensation
- Qdro Consultants Company — Schedule C compensation
- Charles Schwab & Co., Inc. — Schedule C compensation
- Mhm Retirement Plan Solutions LLC — Schedule C compensation