Retirement plan

SOUTHWEST AIRLINES MARKET-BASED CASH BALANCE PLAN

SOUTHWEST AIRLINES CO.EIN 74-1563240Plan #007PY 2024
2702 LOVE FIELD DRIVE, HDQ-6TX - DALLAS, TX 75235214-792-4000southwest.comLinkedIn10001+ employeesairlines/aviation
Prospect flagsNo flags tripped

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(214) 792-4000
Plan administrator entity
SOUTHWEST AIRLINES CO. RETIREMENT SAVINGS PLAN COMMITTEE
EIN 751544136

Summary metrics

Total assets (EOY)
$40.8M
No prior year
Total participants
11,336
No prior year
Average account balance
$0
No prior year
Annual return
0.00%
No prior year

Benchmarks

Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort185 peers
Snapshot2024
Participant deferral / active EE
$0
median $11
Employer contribution / active EE
$3,600
median $6,224
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
0.00%
median 6.42%
Overall peer rank
24th percentileavg across 6 metrics

Analytics

Less than 3 years of history available for this plan
We'll show a chart here once at least 3 consecutive filings are on record.

Service providers

Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Enrolled actuary

1 attachment
SB

MICHAEL J. GRENIER

EMPOWER
Enrollment #2305523
280 TRUMBULL STREET
HARTFORD, CT 06103
(303) 737-6246
Signed 2025-08-25

Top hat statement on fileNQDC

Filed January 13, 2015 (most recent of 3 filings on file)

Plans declared (1)

  • Southwest Airlines Co. Deferred Compensation Plan for Senior Leadership and Non-Employee Members.. .7 emp

Plan features & details

Pension benefit codes1C3H
Plan features
  • 1C
    Cash balance or similar plan
    A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped
No flags tripped for this filing year. This plan looks clean.

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
CBIZ CPAS P.C.
Auditor EIN
431947695
Audit fees
(not subdivided)
Opinion code
Unqualified