401(k) · DOL Form 5500 · 2022
Southwest Airlines Company 401(k) Plan
Data updated 2026-08-25
- $7.6B
- Total assets Very large vs avg
- 9,186
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $825,580
- Avg per participant High balance/head
Official DOL plan name: Southwest Airlines Pilots Retirement Savings Plan · Sponsored by Southwest Airlines Company · Texas · Transportation & Warehousing
$7.6B in assets, 9,186 participants
Southwest Airlines Company's Southwest Airlines Pilots Retirement Savings Plan reported $7.6B in total assets and 9,186 participants in its 2022 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #3,862 in Transportation & Warehousing (3,876 peers)
Coverage in Texas
Southwest Airlines Pilots Retirement Savings Plan covers 9,186 participants in Texas, 13x the typical Texas plan (state average ~688 per filing). Assets: $7.6B.
- #3,862
- in Transportation & Warehousing (3,876 peers)
- -13.2%
- assets change YoY
- 76×
- vs typical plan assets (national mean)
The plan reported a net loss of $1.2B for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Southwest Airlines Pilots Retirement Savings Plan's outsized position by total assets
Southwest Airlines Pilots Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$7,583,775,965 Highest reported value at or above every one of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Southwest Airlines Pilots Retirement Savings Plan's large-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Southwest Airlines Pilots Retirement Savings Plan lands in the large band (9,186 participants).
Plan-year Form 5500 strip
Filing strip 741563240 · Southwest Airlines Company PY 2022 · 401(k)
Southwest Airlines Pilots Retirement Savings Plan · $7.6B · 9,186 · 100th
- PART $7.6B
- TYPE 9,186
- NET 100th
- BOOK 401(k)
- VS-ST near The Progressive 401(k) Plan
- BOY ind #3862
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Transportation & Warehousing retirement plans → · Plans in Texas →
Southwest Airlines Pilots Retirement Savings Plan in the asset neighbourhood
Texas filing particulars
| Total Assets (Beginning of Year) | $8.7B |
|---|---|
| Net Assets (End of Year) | $7.6B |
| Net Income | -$1.2B |
| Employer EIN | 741563240 |
| Plan Effective Date | 1986-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Southwest Airlines Company)
Sponsor-wide plan assets over time
All Southwest Airlines Company plans reported in each filing year
- Latest sponsor-wide plan assets
- $28.7B 37.33380234491332% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 120,230 | $20.9B |
| 2023 | 3 | 141,844 | $24.8B |
| 2024 | 4 | 168,461 | $28.7B |
Nearby 401(k) Plans in Texas
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- AT&T Retirement Savings Plan $37.6B · 144,503
- Exxonmobil Savings Plan $21.3B · 23,619
- Caterpillar 401(k) Savings Plan $13.8B · 38,538
- American Airlines, Inc. 401(k) Plan $12.8B · 85,577
- Dell Inc. 401(k) Plan $12.0B · 47,532
Scale composition for Southwest Airlines Pilots Retirement Savings Plan
Southwest Airlines Pilots Retirement Savings Plan reports $7.6B in end-of-year assets across 9,186 participants (0.062% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.010% of 93,925,755 covered participants) - about $825,580 per participant (6.0x the national average assets-per-participant) . Net income for plan year 2022 was -$1.2B.
This plan identity (EIN 741563240, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $7.6B to $11.6B (+53.3%) while covered participants moved from 9,186 to 11,242 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 9,186 | $7.6B | This page |
| 2023 | 9,726 | $9.1B | Open filing |
| 2024 · index core | 11,242 | $11.6B | Open filing |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- Southwest Airlines Co. Retirement Savings Plan (401(k), $17.0B, 67,820 participants)
- Southwest Airlines Pilots Retirement Savings Plan (401(k), $11.6B, 11,242 participants)
- Southwest Airlines Market-Based Cash Balance Plan (Defined Benefit (Pension), $41M, 9,612 participants)
Southwest Airlines Pilots Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Texas, the nearest 401(k) by assets is The Progressive 401(k) Plan in OH ($7.6B); by covered participants it is Assa Abloy Inc. Retirement Savings Plan in CT (9,172 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($7.6B here).
- The Progressive 401(k) Plan (OH) $7.6B · 50,299
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States (MI) $7.5B · 40,458
- Siemens Savings Plan (NJ) $7.6B · 26,048
- Advocate Aurora Health 401(k) Plan (IL) $7.5B · 73,838
Similar participant headcount
Nearest other-state filings by covered participants (9,186 participants); asset peers above are excluded.
- Assa Abloy Inc. Retirement Savings Plan (CT) 9,172 · 14 off
- Gilead Sciences 401(k) Plan (CA) 9,201 · 15 off
- Albany Medical Center 403 (B) Plan (NY) 9,167 · 19 off
- Hbc 401(k) Retirement Savings Plan (NY) 9,166 · 20 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.