Profit Sharing · DOL Form 5500 · 2023
Southwest Airlines Co. Profit Sharing Plan
Data updated 2026-08-11
- $5.8B
- Total assets
- 71,461
- Participants
- 100th
- Percentile by assets
- $81,469
- Avg per participant
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.
- 100th percentile by assets (of 127,072 plans)
- #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.
- $5.8B
- total plan assets (2023 EOY)
- 71,461
- covered participants
- 100th
- percentile by assets (of 127,072 plans)
- $81,469
- avg assets per participant
Where Southwest Airlines Co. Profitsharing Plan sits 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 Top 1% higher than 100% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
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.
Participants vs Texas filers
In Texas, the average filing covers about 688 participants across 10,116 plans. Southwest Airlines Co. Profitsharing Plan reports 71,461 participants - 104x that state average ($5.8B EOY assets).
Texas filing particulars
| Total Assets (Beginning of Year) | $5.3B |
|---|---|
| Net Assets (End of Year) | $5.8B |
| Net Income | $534M |
| Employer EIN | 741563240 |
| Plan Effective Date | 1973-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Southwest Airlines Co.)
| 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
- Baylor College of Medicine Retirement Plan $1.7B · 10,240
- H-E-B Partner Stock Plan $1.3B · 96,911
- The Defined Contribution Plan of the Methodist Hospital $923M · 29,678
- American Heart Association, Inc. Qualified Retirement Plan $457M · 3,455
- Hp Inc. Deferred Profit-Sharing Plan $298M · 396
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. 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)
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Southwest Airlines Co. Profitsharing Plan by total assets, not by location.
- Motion Picture Industry Individual Account Plan (CA) $5.9B · 71,071
- Emory University Retirement Plan (GA) $4.9B · 18,725
- Retirement Wealth Builder Plan of Pwc (FL) $4.9B · 44,753
- Scpmg Keogh Plan (CA) $6.8B · 10,125
Frequently Asked Questions
How did Southwest Airlines Co. Profitsharing Plan assets move in 2023? ▼
How have Southwest Airlines Co. plan assets changed over time? ▼
Where does Southwest Airlines Co. Profitsharing Plan rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to Southwest Airlines Co. Profitsharing Plan? ▼
Next read for Southwest Airlines Co. Profitsharing Pla…
Filing takeaways
Ways to act on Southwest Airlines Co. Profitsharing Plan's numbers.
- By total assets, Southwest Airlines Co. Profitsharing Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Texas. Compare plans
- Southwest Airlines Co.'s sponsor-wide assets have grown 37.3% since 2022 across 3 plan years on file. More Transportation & Warehousing plans