Southwest Airlines

Southwest Airlines Co. · DALLAS, TX · LUV (NYSE) · Transportation and warehousing · sponsor EIN 74-1563240 · 2 plans with Schedule H financials, latest plan year 2024

SEC registrant: Southwest Airlines Co.

Largest plan: SOUTHWEST AIRLINES CO. RETIREMENT SAVINGS PLAN

$16,991,748,637 in assets · 85,318 participants with a balance · plan year 2024-01-01 to 2024-12-31 · full record

Recordkeeping fees per participant (headline)
$40.47
higher than 66% of the 790 plans of similar size (>$1B) that report it
= recordkeeping_fees / participants_with_balance. Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250924095327NAL0008455920001, received 2025-09-24 · participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924095327NAL0008455920001, received 2025-09-24
Administrative expenses excluding investment management, per participant
$41.65
higher than 44% of the 1,045 plans of similar size (>$1B) that report it
= admin_excl_invmgmt / participants_with_balance. derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250924095327NAL0008455920001, received 2025-09-24 · participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924095327NAL0008455920001, received 2025-09-24
Administrative expenses per participant
$42.16
higher than 23% of the 1,076 plans of similar size (>$1B) that report it
= admin_expenses / participants_with_balance. Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250924095327NAL0008455920001, received 2025-09-24 · participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924095327NAL0008455920001, received 2025-09-24
Administrative expenses as a share of assets
0.021%
higher than 19% of the 1,076 plans of similar size (>$1B) that report it
= admin_expenses / assets_eoy. Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250924095327NAL0008455920001, received 2025-09-24 · assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250924095327NAL0008455920001, received 2025-09-24
Employer contributions per participant
$5,646
higher than 73% of the 1,135 plans of similar size (>$1B) that report it
= employer_contrib / participants_with_balance. Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250924095327NAL0008455920001, received 2025-09-24 · participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924095327NAL0008455920001, received 2025-09-24
Employer share of total contributions
47.6%
higher than 90% of the 1,135 plans of similar size (>$1B) that report it
= employer_contrib / total_contrib. Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250924095327NAL0008455920001, received 2025-09-24 · total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250924095327NAL0008455920001, received 2025-09-24

6.4% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $0 ($42.16 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.

Plan terms

Quoted from Southwest Airlines Co.'s SEC filing covering the period ended 2025-12-31. The figures on this page cover the plan year ended 2024-12-31, a different period: terms may have changed between the two. The plan document governs; these are the filing's own words.

Vesting

“Participants vest in Company matching and profit-sharing contributions at 20 percent per year of vesting service up to five years, after which they are fully vested.”

As stated in Southwest Airlines Co.'s Form 11-K filed 2026-06-26, for the period ended 2025-12-31 (SEC): source document; plan description note, vesting section.

Plans sponsored

PlanAssetsParticipants with a balanceHeadlineYear
SOUTHWEST AIRLINES CO. RETIREMENT SAVINGS PLAN$16,991,748,63785,318 $40.47 recordkeeping fees per participant2024
SOUTHWEST AIRLINES PILOTS RETIREMENT SAVINGS PLAN$11,622,763,37512,980 $28.65 recordkeeping fees per participant2024

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Sponsor name as filed: SOUTHWEST AIRLINES CO.; SEC registrant: SOUTHWEST AIRLINES CO (CIK 92380, matched by EIN; display name from the Form 11-K cover).