Employers › Southwest Airlines › plan 004
Recordkeeping fees per participant · Southwest Airlines Co. Retirement Savings Plan · plan year 2024
$40.47
Higher than 66% of the 790 plans over $1B that report it.
= $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
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.
Administrative expenses excluding investment management, per participant
$41.65
Higher than 44% of the 1,045 plans over $1B that report it.
= $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
Higher than 23% of the 1,076 plans over $1B that report it.
= $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%
Higher than 19% of the 1,076 plans over $1B that report it.
= $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
Higher than 73% of the 1,135 plans over $1B that report it.
= $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%
Higher than 90% of the 1,135 plans over $1B that report it.
= $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.
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) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250924095327NAL0008455920001, received 2025-09-24
| Field | Value | Source |
|---|---|---|
| Plan sponsor | SOUTHWEST AIRLINES CO. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Plan name | SOUTHWEST AIRLINES CO. RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Sponsor EIN / plan number | 74-1563240 / 004 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Sponsor location | DALLAS, TX | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Industry (business code) | 481000, Transportation and warehousing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Filing received | 2025-09-24 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Participants, beginning of year | 76,550 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Active participants | 74,221 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Participants, end of year | 85,685 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Participants with an account balance | 85,318 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Total assets, beginning of year | $9,866,923,903 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Total assets, end of year | $16,991,748,637 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Net assets, end of year | $16,991,748,637 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Total income | $3,082,751,876 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Net income | $1,152,893,609 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Employer contributions | $481,719,433 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Participant contributions | $494,931,706 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Other contributions (incl. rollovers) | $35,115,581 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Total contributions | $1,011,766,720 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Benefit payments | $1,926,663,466 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Total expenses (incl. benefit payments) | $1,929,858,267 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Total administrative expenses | $3,597,092 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Recordkeeping fees | $3,452,919 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| IQPA audit fees | $70,025 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Investment advisory and management fees | $43,923 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Administrative expenses excluding investment management | $3,553,169 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Held in master trusts | $1,090,312,764 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Held in common/collective trusts | $12,553,235,023 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Held in mutual funds | $2,186,829,178 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250924095327NAL0008455920001, received 2025-09-24 |
| Independent auditor | CBIZ CPAS P.C. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250924095327NAL0008455920001, received 2025-09-24 |
Position = column in the DOL layout for form year 2024. Filing 20250924095327NAL0008455920001, received 2025-09-24.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANYrecordkeeper | RECORDKEEPER | 64 Recordkeeping fees | $3,452,920 | yes |
| CBIZ CPAS P.C. | AUDITOR | 10 Accounting (including auditing); 50 Direct payment from the plan | $67,400 | no |
| STATE STREET GLOBAL ADVISORS TRUST | INVESTMENT ADVISOR | 27 Investment advisory (plan); 50 Direct payment from the plan | $31,250 | no |
| QDRO CONSULTANTS COMPANY | CONSULTANT | 16 Consulting (general); 50 Direct payment from the plan | $30,225 | no |
| NEPC LLC | INVESTMENT ADVISOR | 27 Investment advisory (plan); 50 Direct payment from the plan | $12,673 | no |
| CHARLES SCHWAB & CO., INC. | BROKER | 26 Investment advisory (participants); 33 Securities brokerage; 50 Direct payment from the plan; 59 Shareholder servicing fees; 71 Securities brokerage commissions and fees | $12,428 | yes |
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 20250924095327NAL0008455920001, received 2025-09-24.
MASTER TRUST AGREEMENT FOR QUALIFIE (EIN 741563240, PN 006): plan interest $1,090,312,764, 100.0% of the trust. The trust's own filing (20250924100156NAL0007390065001, received 2025-09-24) reports net assets $1,090,312,764, administrative expenses $0, recordkeeping fees not reported, investment management fees not reported and 0 Schedule C providers.
Schedule D Part I of the plan's filing; the trust's Schedule H and Schedule C. Allocation = the plan's interest divided by the trust's net assets.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $9,866,923,903 | $16,991,748,637 | 72.2% |
| Participants with a balance | 75,403 | 85,318 | 13.1% |
| Administrative expenses | $2,609,874 | $3,597,092 | 37.8% |
| Recordkeeping fees per participant | $33.58 | $40.47 | 20.5% |
| Employer contributions | $326,460,475 | $481,719,433 | 47.6% |
Prior filing 20240913132821NAL0006000515001, received 2024-09-13; the plan years are contiguous.