Defined Benefit (Pension) · DOL Form 5500 · 2024
Southwest Airlines Co. Pension Plan
Data updated 2026-08-06
- $41M
- Total assets
- 9,612
- Participants
- 82nd
- Percentile by assets
- $4,244
- Avg per participant
Official DOL plan name: Southwest Airlines Market-Based Cash Balance Plan · Sponsored by Southwest Airlines Co. · Texas · Transportation & Warehousing
$41M in assets, 9,612 participants
Southwest Airlines Co.'s Southwest Airlines Market-Based Cash Balance Plan reported $41M in total assets and 9,612 participants in its 2024 DOL Form 5500 filing, ranking in the 82nd 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.
- 82nd percentile by assets (of 116,472 plans)
- #2,531 in Transportation & Warehousing (3,127 peers)
Coverage in Texas
Southwest Airlines Market-Based Cash Balance Plan covers 9,612 participants in Texas, 14x the typical Texas plan (state average ~704 per filing). Assets: $41M.
- $41M
- total plan assets (2024 EOY)
- 9,612
- covered participants
- 82nd
- percentile by assets (of 116,472 plans)
- $4,244
- avg assets per participant
Participants vs Texas filers
In Texas, the average filing covers about 704 participants across 9,718 plans. Southwest Airlines Market-Based Cash Balance Plan reports 9,612 participants - 14x that state average ($41M EOY assets).
Texas filing particulars
| Total Assets (Beginning of Year) | N/A |
|---|---|
| Net Assets (End of Year) | $41M |
| Net Income | $41M |
| Employer EIN | 741563240 |
| Plan Effective Date | 2024-01-01 |
| 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 Defined Benefit (Pension) Plans in Texas
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Southwest Airlines Market-Based Cash Balance Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants
- AT&T Pension Benefit Plan $28.3B · 100,400
- Exxonmobil Pension Plan $12.1B · 22,000
- Chevron Retirement Plan $9.7B · 21,297
- Shell Pension Plan $9.7B · 12,688
- Caterpillar Inc. Retirement Income Plan $9.2B · 11,498
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Southwest Airlines Market-Based Cash Balance Plan by total assets, not by location.
Frequently Asked Questions
How have Southwest Airlines Co. plan assets changed over time? ▼
Where does Southwest Airlines Market-Based Cash Balance Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Southwest Airlines Market-Based Cash Balance Plan? ▼
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Filing takeaways
Ways to act on Southwest Airlines Market-Based Cash Balance Plan's numbers.
- By total assets, Southwest Airlines Market-Based Cash Balance Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) 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