Profit Sharing · DOL Form 5500 · 2023

Southwest Airlines Co. Profit Sharing Plan

Data updated 2026-08-25

$5.8B
Total assets Very large vs avg
71,461
Participants Very large workforce
100th
Percentile by assets National rank
$81,469
Avg per participant Below avg balance/head
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Official DOL plan name: Southwest Airlines Co. Profitsharing Plan · Sponsored by Southwest Airlines Co. · Texas · Transportation & Warehousing

$5.8B in assets, 71,461 participants

Southwest Airlines Co.'s Southwest Airlines Co. Profitsharing Plan reported $5.8B in total assets and 71,461 participants in its 2023 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.

  • #3,344 in Transportation & Warehousing (3,362 peers)

Coverage in Texas

Southwest Airlines Co. Profitsharing Plan covers 71,461 participants in Texas, 104x the typical Texas plan (state average ~688 per filing). Assets: $5.8B.

#3,344
in Transportation & Warehousing (3,362 peers)
+10.1%
assets growth YoY
58×
vs typical plan assets (national mean)

Southwest Airlines Co. Profitsharing Plan's outsized position by total assets

Southwest Airlines Co. Profitsharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$5,821,826,510 Highest reported value at or above every one of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Southwest Airlines Co. Profitsharing Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Southwest Airlines Co. Profitsharing Plan is a mega filing (71,461 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Southwest Airlines Co. Profitsharing Plan reported net income rose from -$1.4B in the plan year 2022 filing to $534M in the plan year 2023 filing.
  • Southwest Airlines Co. Profitsharing Plan reported participants rose from 60,454 in the plan year 2022 filing to 71,461 in the plan year 2023 filing.
  • Southwest Airlines Co. Profitsharing Plan end-of-year assets rose from $5.3B in the plan year 2022 filing to $5.8B in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 741563240 · Southwest Airlines Co. PY 2023 · Profit Sharing

Southwest Airlines Co. Profitsharing Plan · $5.8B · 71,461 · 100th

  • NET $5.8B
  • NET 71,461
  • NET 100th
  • NET Profit Sharing
  • NET near Motion Picture Industry Individual Account Plan
  • NET ind #3344

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 Co. Profitsharing Plan in the asset neighbourhood

Scpmg Keogh Plan$6.8BMotion Picture Industry Individual Account PlanMotion Picture Industry Indi…$5.9BSouthwest Airlines Co. Profitsharing PlanSouthwest Airlines Co. Profi…$5.8BEmory University Retirement PlanEmory University Retirement …$4.9BRetirement Wealth Builder Plan of PwcRetirement Wealth Builder Pl…$4.9B
End-of-year total assets ($B) among Southwest Airlines Co. Profitsharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Texas filing particulars

Total Assets (Beginning of Year)$5.3B
Net Assets (End of Year)$5.8B
Net Income$534M
Employer EIN741563240
Plan Effective Date1973-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southwest Airlines Co.)

Sponsor-wide plan assets over time

All Southwest Airlines Co. plans reported in each filing year

Latest sponsor-wide plan assets
$28.7B 37.33380234491332% vs 2022
2024 filing year
$20B$25B$30B 202220232024 $20.9B $28.7B ▲ +37.3%
Year Plans Participants Total Assets
2022 3 120,230 $20.9B
2023 3 141,844 $24.8B
2024 4 168,461 $28.7B

Nearby Profit Sharing Plans in Texas

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Southwest Airlines Co. Profitsharing Plan vs. nearby Profit Sharing plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 02468 Total assets ($B) Participants Southwest Airlines Co. Profitsharing Plan, Total assets ($B): 5.82182651 · Participants: 71461Southwest Airlines Co. Profitsharing PlanBaylor College of Medicine Retirement Plan, Total assets ($B): 1.714999292 · Participants: 10240Baylor College of Medicine Retirement PlanH-E-B Partner Stock Plan, Total assets ($B): 1.320262511 · Participants: 96911H-E-B Partner Stock PlanThe Defined Contribution Plan of the Methodist Hospital, Total assets ($B): 0.92297353 · Participants: 29678The Defined Contribution Plan of the Methodist HospitalAmerican Heart Association, Inc. Qualified Retirement Plan, Total assets ($B): 0.456894615 · Participants: 3455American Heart Association, Inc. Qualified Retirement PlanHp Inc. Deferred Profit-Sharing Plan, Total assets ($B): 0.297927829 · Participants: 396Hp Inc. Deferred Profit-Sharing Plan
Southwest Airlines Co. Profitsharing Plan vs. nearby Profit Sharing plans in Texas, assets vs. participants
Compare Southwest Airlines Co. Profitsharing Plan side-by-side with 3 peers →

Scale composition for Southwest Airlines Co. Profitsharing Plan

Southwest Airlines Co. Profitsharing Plan reports $5.8B in end-of-year assets across 71,461 participants (0.047% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.076% of 93,925,755 covered participants) - about $81,469 per participant (59% of the national average assets-per-participant) . Net income for plan year 2023 was $534M.

This plan identity (EIN 741563240, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 while covered participants moved from 60,454 to 79,787 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 60,454 $5.3B Open filing
2023 71,461 $5.8B This page
2024 79,787 N/A Open filing

The same sponsor also keeps 3 other index-core plans on PlainRetire:

Southwest Airlines Co. Profitsharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Texas, the nearest Profit Sharing by assets is Motion Picture Industry Individual Account Plan in CA ($5.9B); by covered participants it is SEIU 775 Secure Retirement Plan in WA (70,796 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($5.8B here).

Similar participant headcount

Nearest other-state filings by covered participants (71,461 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Southwest Airlines Co. Profitsharing Plan assets move in 2023? ▼
Southwest Airlines Co. Profitsharing Plan grew at a solid clip - up 10.1% during 2023, from $5.3B to $5.8B. Reported net income was $534M.
How have Southwest Airlines Co. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Southwest Airlines Co.'s sponsor-wide assets grew 37.3%, from $20.9B to $28.7B.
Where does Southwest Airlines Co. Profitsharing Plan rank by assets among Form 5500 filers? ▼
Southwest Airlines Co. Profitsharing Plan ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which Profit Sharing plans are similar in size to Southwest Airlines Co. Profitsharing Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Motion Picture Industry Individual Account Plan in CA ($5.9B, 71,071 participants).
Which Profit Sharing plans cover a similar participant headcount to Southwest Airlines Co. Profitsharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is SEIU 775 Secure Retirement Plan in WA (70,796 participants, $384M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 741563240.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.