Southwest Airlines Pilots Association

Plan name Southwest Airlines Pilots Association
LocationDallas, Texas
Asset size ($MM)>$8 billion
Participants10,600
IndustryAirline
Participation rate100%
Average deferral rate14%
# of funds offered17
Investment reviewYes
True-up matchNot applicable
Match vesting periodImmediately upon enrollment
EligibilityImmediately upon hire
Default deferral rate3%
Default investmentTarget-date Fund (all types)
Automatic escalationYes - but participation is voluntary and participants must opt in to auto escalation
Systematic withdrawalsYes
Fee equalizationNo, and we have no plans to research this in the short-term
Match RateOther
% receiving full matchAll or nearly all participants (90% or more)
Maximum employer contribution15%
Financial Education
Saving/Budgeting
Yes
Investing strategies
Yes
College saving
Credit/Debt management
Yes
Tax/Estate planning
Yes
Retiree health costs/savings options​
RecordkeeperCharles Schwab
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