401(k) · DOL Form 5500 · 2024
Southwest Airlines Company 401(k) Plan
Data updated 2026-08-06
- $11.6B
- Total assets
- 11,242
- Participants
- 100th
- Percentile by assets
- $1.0M
- Avg per participant
Official DOL plan name: Southwest Airlines Pilots Retirement Savings Plan · Sponsored by Southwest Airlines Company · Texas · Transportation & Warehousing
$11.6B in assets, 11,242 participants
Southwest Airlines Company's Southwest Airlines Pilots Retirement Savings Plan reported $11.6B in total assets and 11,242 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)
- #3,115 in Transportation & Warehousing (3,127 peers)
Coverage in Texas
Southwest Airlines Pilots Retirement Savings Plan covers 11,242 participants in Texas, 16x the typical Texas plan (state average ~704 per filing). Assets: $11.6B.
- $11.6B
- total plan assets (2024 EOY)
- 11,242
- covered participants
- 100th
- percentile by assets (of 116,472 plans)
- $1.0M
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Southwest Airlines Pilots Retirement Savings Plan end-of-year assets rose from $9.1B in the plan year 2023 filing to $11.6B in the plan year 2024 filing.
- Southwest Airlines Pilots Retirement Savings Plan reported participants rose from 9,726 in the plan year 2023 filing to 11,242 in the plan year 2024 filing.
- Southwest Airlines Pilots Retirement Savings Plan reported net income rose from $1.6B in the plan year 2023 filing to $1.8B 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 Pilots Retirement Savings Plan reports 11,242 participants - 16x that state average ($11.6B EOY assets).
Texas filing particulars
| Total Assets (Beginning of Year) | $9.1B |
|---|---|
| Net Assets (End of Year) | $11.6B |
| Net Income | $1.8B |
| Employer EIN | 741563240 |
| Plan Effective Date | 1986-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Southwest Airlines Company)
| 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 Pilots 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
- Southwest Airlines Co. Retirement Savings Plan $17.0B · 67,820
Scale composition for Southwest Airlines Pilots Retirement Savings Plan
Southwest Airlines Pilots Retirement Savings Plan reports $11.6B in end-of-year assets across 11,242 participants (0.100% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.013% of 89,805,449 covered participants) - about $1.0M per participant (7.5x the national average assets-per-participant) . Net income for plan year 2024 was $1.8B.
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 | Open filing |
| 2023 | 9,726 | $9.1B | Open filing |
| 2024 · index core | 11,242 | $11.6B | This page |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Southwest Airlines Co. Retirement Savings Plan (401(k), $17.0B, 67,820 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 Pilots Retirement Savings Plan by total assets, not by location.
- Bristol-Myers Squibb Savings and Investment Program (NJ) $11.6B · 21,763
- The Progressive 401(k) Plan (OH) $11.5B · 62,521
- Marriott Retirement Savings Plan (MD) $11.7B · 101,417
- Leidos, Inc. Retirement Plan (VA) $11.8B · 29,734
Frequently Asked Questions
How did Southwest Airlines Pilots Retirement Savings Plan assets move in 2024? ▼
How have Southwest Airlines Company plan assets changed over time? ▼
Where does Southwest Airlines Pilots Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Southwest Airlines Pilots Retirement Savings Plan? ▼
Next read for Southwest Airlines Pilots Retirement Sav…
Filing takeaways
Ways to act on Southwest Airlines Pilots Retirement Savings Plan's numbers.
- By total assets, Southwest Airlines Pilots 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 Company's sponsor-wide assets have grown 37.3% since 2022 across 3 plan years on file. More Transportation & Warehousing plans