BrightScope Rating
Company:
Southwest Airlines Co.
Plan:
Southwest Airlines Pilots' Retirement Savings Plan
Southwest Airlines Co.
88
Plan:
5
54
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 2 point difference between this plan's BrightScope Rating (88) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
1 additional year of work Up to $67,000 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan
and do not take into account other retirement plans and programs offered by this employer.
Plan Description
Southwest Airlines Pilots' Retirement Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 88, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Company Generosity, Salary Deferrals, Participation Rate, and Account Balances. Southwest Airlines Pilots' Retirement Savings Plan currently has over 5,900 active participants and over $1.1B in plan assets.
Plan Details
| Address | 1450 Empire Central Drive Dallas, TX 75247 |
| Industry | Air Transportation |
| Administrator | Richard Doherty |
| Net Plan Assets | $1,190,000,000 |
| Total Participants | 6,300 |
| Avg Account Balance | $190,000 |
Top 3 Investment Holdings
| 1. | American Funds EuroPacific Growth | 14% |
| 2. | Davis New York Venture | 11% |
| 3. | Aston/Montag & Caldwell Growth | 10% |
Other Companies in Peer Group
| Northwest Airlines | 82.0 |
| Con-way | 75.3 |
| Pacific Maritime Association | 73.7 |
| United Airlines (UAL Corp.) | 64.9 |
| America West Holdings | 60.4 |
| CSX | 59.3 |
Plan Service Providers
| Auditor | Wagner, Eubank & Nichols, L.L.P. |
| Administration | The 401K Company |
| Consultant | Wurtz & Associates |
| Investment Adviser | Morningstar |
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