Retirement plan
SOUTHWEST AIRLINES PILOTS RETIREMENT SAVINGS PLAN
SOUTHWEST AIRLINES COMPANYEIN 74-1563240Plan #003PY 2015
1450 EMPIRE CENTRAL DRIVE - DALLAS, TX 75247214-722-4251southwest.comLinkedIn10001+ employeesairlines/aviation
Other plans on this EIN
2 filingsProspect flagsHigh assets / participantCorrective distributions
Filing contacts
From the Form 5500, federal recordPlan administrator signer
MIKE HAYNES
Signed 09/29/2016
Summary metrics
Total assets (EOY)
$3625.4M
-12.5% from 2016
Total participants
8,579
-4.0% from 2016
Average account balance
$432,314
-7.8% from 2016
Annual return
11.18%
+0.21 pp from 2016
Benchmarks
Peer group
Industry48 - Transportation and Warehousing
Plan typeDefined contribution
Participants5,000-9,999
Cohort37 peers
Snapshot2015
100
Participant deferral / active EE
$17,741
median $2,684
92
Employer contribution / active EE
$16,076
median $1,154
81
Participation rate
97.6%
median 74.2%
100
Avg account balance
$432,314
median $40,321
3
Admin fee / account holder
$195
median $62
97
Annual return
11.18%
median 0.44%
Overall peer rank
79of 100
79th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$11.62B
Average account balance
Total assets / participants with a balance (line 6g)
$895K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
12,980
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.1%
Contributions (total)
Employer and participant dollars contributed each year
$744.90M
Contributions per participant
Average employer and participant contribution per enrolled participant
$64K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+24.26%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$596
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 7 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 74-2279754 | Contract Administrator | $460,034 |
VERUS ADVISORY INC1+ years Service code 16 · EIN 91-1320111 | Consulting | $126,667 |
WURTS & ASSOCIATES INC.1+ years Service code 27 · EIN 91-1320111 | Advisory (Plan) | $79,689 |
EUCLID SPECIALTY MANAGERS, LLC1+ years Service code 23 · EIN 45-3957469 | Direct payment from the plan; Insuran... | $54,597 |
WAGNER, EUBANK & NICHOLS LLP1+ years Service code 28 · EIN 75-2904993 | Investment Management | $19,500 |
CHARLES SCHWAB & CO., INC.1+ years Service code 33 · EIN 94-1737782 | Securities brokerage; Securities brok... | $7,131 |
Service code 59 | Shareholder Servicing | $0 |
Top hat statement on fileNQDC
Filed January 13, 2015 (most recent of 3 filings on file)
Plan administrator
Plan administrator name— Sign in and upgrade to view
11500 Outlook Street
Overland Park State: KS Zip Code: 66211
Plans declared (1)
- Southwest Airlines Co. Deferred Compensation Plan for Senior Leadership and Non-Employee Members.. .7 emp
Plan features & details
Pension benefit codes2E2F2G2J2K2R3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
2 tripped
- ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
- InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
Expense breakdown
Schedule H Part II
Admin total
$1.6M
$200 / participant
- Investment mgmt$229K14.0%
- Other / not subdivided$1M86.0%
% of EOY assets
0.045%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Disclaimer opinion
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
- Auditor firm
- WAGNER, EUBANK, & NICHOLS, LLP
- Auditor EIN
- 752904993
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer