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Who does Southwest Airlines use for their 401k?

Southwest Airlines offers SOUTHWEST AIRLINES CO. PROFITSHARING PLAN through Charles Schwab. Their plan covers 67,697 employees.



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Southwest Plans Because your 401(k) plan is your primary source of retirement savings, it's important to understand your options in light of your specific needs and goals. RAA is proud to offer professional investment management for your Southwest 401(k) through Schwab's Personal Choice Retirement Account (PCRA).

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Save for retirement through our 401(k) Plan with pre-tax or Roth after-tax contributions. Southwest matches Employee contributions dollar-for-dollar up to 9.3% of their eligible earnings. Employees can choose from a broad spectrum of investment options and roll over any eligible funds from a previous employer.

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Your American Airlines 401(k) plan offers an array of options for you to customize your 401(k) account with your retirement goals in mind. There is an assortment of contribution types and a range of investment options offered to help you meet those goals.

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Southwest Airlines Airlines have great 401k programs. Southwest Airlines offers one of the cleanest, simplest structures for their 401k employer match contributions. Employees can receive dollar-for-dollar matching up to 9.3% of their eligible compensation with immediate vesting and eligibility.

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How do employees rate Southwest Airlines? Employees rate Southwest Airlines 4.1 out of 5 stars based on 4,228 anonymous reviews on Glassdoor. In 2010, 2011, 2012, 2013, 2018, 2019, 2020, 2021, 2022 and 2023, Southwest Airlines employees have voted their company to be one of Glassdoor's Best Places to Work.

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While Southwest isn't an ESOP, it has found a way to get all of its employees pulling together toward common goals where, when they reach them, they all get to share in the rewards.

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Our 401(k) plan includes a company match to provide financial security for your future. Additionally, we provide both short-term and long-term incentive opportunities.

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Delta matches 100% up to 6% of any profit sharing that an employee contributes and contributes an automatic 3% of profit sharing to their 401(k) account.

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4. Direct Retirement Contributions - The United AFA Contract provides a 5% direct 401k contribution. Flight Attendants get 5% in their 401k without having to contribute any ($0) of their own money.

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