Employers › Southwest Airlines › plan 003
Recordkeeping fees per participant · Southwest Airlines Pilots Retirement Savings Plan · plan year 2024
$28.65
Higher than 39% of the 790 plans over $1B that report it.
= $371,835 / 12,980
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251013093926NAL0001622304001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013093926NAL0001622304001, received 2025-10-13
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 2025-10-13.
Administrative expenses excluding investment management, per participant
$64.77
Higher than 76% of the 1,045 plans over $1B that report it.
= $840,729 / 12,980
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013093926NAL0001622304001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013093926NAL0001622304001, received 2025-10-13
Administrative expenses per participant
$596.27
Higher than 99% of the 1,076 plans over $1B that report it.
= $7,739,627 / 12,980
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013093926NAL0001622304001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013093926NAL0001622304001, received 2025-10-13
Administrative expenses as a share of assets
0.067%
Higher than 70% of the 1,076 plans over $1B that report it.
= $7,739,627 / $11,622,763,375
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013093926NAL0001622304001, received 2025-10-13
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013093926NAL0001622304001, received 2025-10-13
Employer contributions per participant
$38,723
Higher than 100% of the 1,135 plans over $1B that report it.
= $502,626,174 / 12,980
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013093926NAL0001622304001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013093926NAL0001622304001, received 2025-10-13
Employer share of total contributions
56.9%
Higher than 96% of the 1,135 plans over $1B that report it.
= $502,626,174 / $883,421,465
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013093926NAL0001622304001, received 2025-10-13
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013093926NAL0001622304001, received 2025-10-13
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 2X · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251013093926NAL0001622304001, received 2025-10-13
| Field | Value | Source |
|---|---|---|
| Plan sponsor | SOUTHWEST AIRLINES COMPANY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Plan name | SOUTHWEST AIRLINES PILOTS RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Sponsor EIN / plan number | 74-1563240 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Plan type | multiple-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Sponsor location | IRVING, TX | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Industry (business code) | 481000, Transportation and warehousing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Filing received | 2025-10-13 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Participants, beginning of year | 12,645 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Active participants | 11,679 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Participants, end of year | 13,086 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Participants with an account balance | 12,980 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Total assets, beginning of year | $9,142,389,510 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Total assets, end of year | $11,622,763,375 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Net assets, end of year | $11,622,763,375 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Total income | $2,276,949,695 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Net income | $1,786,717,630 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Employer contributions | $502,626,174 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Participant contributions | $242,271,134 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Other contributions (incl. rollovers) | $138,524,157 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Total contributions | $883,421,465 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Benefit payments | $482,270,085 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Total expenses (incl. benefit payments) | $490,232,065 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Total administrative expenses | $7,739,627 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Contract administrator fees | $468,894 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Recordkeeping fees | $371,835 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Investment advisory and management fees | $6,898,898 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Administrative expenses excluding investment management | $840,729 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Held in common/collective trusts | $3,647,642,967 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Held in mutual funds | $4,797,755,531 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251013093926NAL0001622304001, received 2025-10-13 |
| Independent auditor | WEAVER AND TIDWELL,L.L.P. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251013093926NAL0001622304001, received 2025-10-13 |
Position = column in the DOL layout for form year 2024. Filing 20251013093926NAL0001622304001, received 2025-10-13.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| SMITH ANGLIN FINANCIAL LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $1,993,618 | no |
| LEADING EDGE | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $1,096,729 | no |
| FISHER INVESTMENTS | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $716,470 | no |
| TOTAL INVESTMENT MANAGEMENT IN | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $521,575 | no |
| SCHWAB RETIREMENT PLAN SERVICES,INCrecordkeeper | NONE | 15 Recordkeeping and information management; 50 Direct payment from the plan; 64 Recordkeeping fees | $371,728 | no |
| MOUNTAIN CAPITAL INVESTMENT AD | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $301,994 | no |
| SYMPHONY RISK SOLUTIONS, LLC | NONE | 28 Investment management; 50 Direct payment from the plan | $258,306 | no |
| CHARLES SCHWAB AND CO.,INC. | NONE | 33 Securities brokerage; 50 Direct payment from the plan; 59 Shareholder servicing fees; 62 Float revenue; 71 Securities brokerage commissions and fees; 72 Other investment fees and expenses; 99 Other fees | $206,048 | yes |
| ACT WEALTH MANAGEMENT LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $194,716 | no |
| HAMILTON CAPITAL LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $121,583 | no |
| CREATIVE PLANNING LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $95,532 | no |
| PRUDENT MAN INVESTMENT MANAGEM | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $93,933 | no |
| STONEBRIDGE CAPITAL ADVISORS L | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $93,214 | no |
| SYMPHONY FINANCIAL LTD. CO | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $80,713 | no |
| ALLWORTH FINANCIAL LP | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $62,003 | no |
| WHITE WING WEALTH MANAGEMENT L | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $47,752 | no |
| ARISTA WEALTH MANAGEMENT LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $44,370 | no |
| BRINKER CAPITAL INVESTMENTS LL | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $42,761 | no |
| ABOUND WEALTH MANAGEMENT LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $42,393 | no |
| BEACON POINTE ADVISORS LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $41,754 | no |
| TWO WEST CAPITAL ADVISORS LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $38,012 | no |
| TEXAS BANK AND TRUST COMPANY | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $36,294 | no |
| CAPITAL ADVISORS INC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $35,474 | no |
| PROVIDENCE ASSET MGMT LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $35,400 | no |
| HIGHTOWER ADVISORS LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $35,133 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251013093926NAL0001622304001, received 2025-10-13.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $9,142,389,510 | $11,622,763,375 | 27.1% |
| Participants with a balance | 12,571 | 12,980 | 3.3% |
| Administrative expenses | $5,640,489 | $7,739,627 | 37.2% |
| Recordkeeping fees per participant | $28.64 | $28.65 | 0.0% |
| Employer contributions | $355,104,306 | $502,626,174 | 41.5% |
Prior filing 20240918161040NAL0001799651002, received 2024-09-18; the plan years are contiguous.