401k Record

Employers › Southwest Airlines

Southwest Airlines 401(k)

Recordkeeping fees per participant · largest plan, Southwest Airlines Co. Retirement Savings Plan · plan year 2024

$40.47

Higher than 66% of the 790 plans over $1B that report it.

Source

= $3,452,919 / 85,318
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250924095327NAL0008455920001, received 2025-09-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924095327NAL0008455920001, received 2025-09-24

10th: $6.72median $34.2890th: $56.58

Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-24.

Largest plan, all six figures: Southwest Airlines Co. Retirement Savings Plan

Recordkeeping fees per participantheadline

$40.47

10th: $6.72median $34.2890th: $56.58

Higher than 66% of the 790 plans over $1B that report it.

Source

= $3,452,919 / 85,318
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250924095327NAL0008455920001, received 2025-09-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924095327NAL0008455920001, received 2025-09-24

Administrative expenses excluding investment management, per participant

$41.65

10th: $9.43median $44.4790th: $97.55

Higher than 44% of the 1,045 plans over $1B that report it.

Source

= $3,553,169 / 85,318
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250924095327NAL0008455920001, received 2025-09-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924095327NAL0008455920001, received 2025-09-24

Administrative expenses per participant

$42.16

10th: $24.33median $70.0390th: $174.36

Higher than 23% of the 1,076 plans over $1B that report it.

Source

= $3,597,092 / 85,318
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250924095327NAL0008455920001, received 2025-09-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924095327NAL0008455920001, received 2025-09-24

Administrative expenses as a share of assets

0.021%

10th: 0.013%median 0.046%90th: 0.111%

Higher than 19% of the 1,076 plans over $1B that report it.

Source

= $3,597,092 / $16,991,748,637
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250924095327NAL0008455920001, received 2025-09-24
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250924095327NAL0008455920001, received 2025-09-24

Employer contributions per participant

$5,646

10th: $1,442median $3,74490th: $8,760

Higher than 73% of the 1,135 plans over $1B that report it.

Source

= $481,719,433 / 85,318
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250924095327NAL0008455920001, received 2025-09-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924095327NAL0008455920001, received 2025-09-24

Employer share of total contributions

47.6%

10th: 19.8%median 33.4%90th: 47.5%

Higher than 90% of the 1,135 plans over $1B that report it.

Source

= $481,719,433 / $1,011,766,720
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250924095327NAL0008455920001, received 2025-09-24
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250924095327NAL0008455920001, received 2025-09-24

6.4% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $0 ($42.16 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.

Plan terms, as stated in Southwest Airlines Co.'s SEC filings

Vesting

“Participants vest in Company matching and profit-sharing contributions at 20 percent per year of vesting service up to five years, after which they are fully vested.”

Form 11-K filed 2026-06-26, for the year ended 2025-12-31 · plan description note, vesting · source document

Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.

Plans sponsored

PlanAssetsParticipants with a balanceHeadlineYear
Southwest Airlines Co. Retirement Savings Plan$16,991,748,63785,318 $40.47 recordkeeping fees per participant2024
Southwest Airlines Pilots Retirement Savings Plan$11,622,763,37512,980 $28.65 recordkeeping fees per participant2024

Alerts, claims and corrections

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Sponsor name as filed: SOUTHWEST AIRLINES CO.; SEC registrant: SOUTHWEST AIRLINES CO (CIK 92380, matched by EIN; display name from the Form 11-K cover).