401(k) · DOL Form 5500 · 2024
Southwest Airlines Co. 401(k) Plan
Data updated 2026-08-06
- $17.0B
- Total assets
- 67,820
- Participants
- 100th
- Percentile by assets
- $250,542
- Avg per participant
Official DOL plan name: Southwest Airlines Co. Retirement Savings Plan · Sponsored by Southwest Airlines Co. · Texas · Transportation & Warehousing
$17.0B in assets, 67,820 participants
Southwest Airlines Co.'s Southwest Airlines Co. Retirement Savings Plan reported $17.0B in total assets and 67,820 participants in its 2024 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 116,472 plans)
- #3,122 in Transportation & Warehousing (3,127 peers)
Coverage in Texas
Southwest Airlines Co. Retirement Savings Plan covers 67,820 participants in Texas, 96x the typical Texas plan (state average ~704 per filing). Assets: $17.0B.
- $17.0B
- total plan assets (2024 EOY)
- 67,820
- covered participants
- 100th
- percentile by assets (of 116,472 plans)
- $250,542
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Southwest Airlines Co. Retirement Savings Plan end-of-year assets rose from $9.9B in the plan year 2023 filing to $17.0B in the plan year 2024 filing.
- Southwest Airlines Co. Retirement Savings Plan reported net income fell from $1.9B in the plan year 2023 filing to $1.2B in the plan year 2024 filing.
- Southwest Airlines Co. Retirement Savings Plan reported participants rose from 60,657 in the plan year 2023 filing to 67,820 in the plan year 2024 filing.
Participants vs Texas filers
In Texas, the average filing covers about 704 participants across 9,718 plans. Southwest Airlines Co. Retirement Savings Plan reports 67,820 participants - 96x that state average ($17.0B EOY assets).
Texas filing particulars
| Total Assets (Beginning of Year) | $9.9B |
|---|---|
| Net Assets (End of Year) | $17.0B |
| Net Income | $1.2B |
| Employer EIN | 741563240 |
| Plan Effective Date | 1991-01-01 |
| 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 401(k) Plans in Texas
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Southwest Airlines Co. Retirement Savings Plan vs. nearby 401(k) plans in Texas, assets vs. participants
- AT&T Retirement Savings Plan $43.1B · 109,889
- Exxonmobil Savings Plan $23.7B · 21,990
- Chevron Employee Savings Investment Plan $20.4B · 21,505
- Caterpillar 401(k) Savings Plan $18.8B · 43,873
- American Airlines, Inc. 401(k) Plan $16.2B · 93,397
Scale composition for Southwest Airlines Co. Retirement Savings Plan
Southwest Airlines Co. Retirement Savings Plan reports $17.0B in end-of-year assets across 67,820 participants (0.15% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.076% of 89,805,449 covered participants) - about $250,542 per participant (1.8x the national average assets-per-participant) . Net income for plan year 2024 was $1.2B.
This plan identity (EIN 741563240, plan #004) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $8.0B to $17.0B (+112.6%) while covered participants moved from 50,590 to 67,820 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 50,590 | $8.0B | Open filing |
| 2023 | 60,657 | $9.9B | Open filing |
| 2024 · index core | 67,820 | $17.0B | This page |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- 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 401(k) Plans Nationally
401(k) plans in other states closest to Southwest Airlines Co. Retirement Savings Plan by total assets, not by location.
- 401(k) Pension Plan (VA) $16.8B · 62,869
- United Airlines Pilot Retirement Account Plan (IL) $16.8B · 16,659
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees (MI) $17.3B · 31,790
- Meta Platforms, Inc 401(k) Plan (CA) $16.5B · 51,434
Frequently Asked Questions
How did Southwest Airlines Co. Retirement Savings Plan assets move in 2024? ▼
How have Southwest Airlines Co. plan assets changed over time? ▼
Where does Southwest Airlines Co. Retirement Savings Plan rank by assets among Form 5500 filers? ▼
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Next read for Southwest Airlines Co. Retirement Saving…
Filing takeaways
Ways to act on Southwest Airlines Co. Retirement Savings Plan's numbers.
- By total assets, Southwest Airlines Co. Retirement Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) 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