As of 2026, the record-keeper and primary administrator for the Southwest Airlines Co. 401(k) Plan is Charles Schwab. Employees manage their accounts through the Schwab Workplace Financial window. Southwest is well-known for its generous retirement benefits, including a dollar-for-dollar company match up to a certain percentage of eligible pay. Many pilots and long-term employees also utilize a "Personal Choice Retirement Account" (PCRA) through Schwab, which allows for more self-directed investment options beyond the standard pre-selected funds. While Schwab handles the administrative and technological side of the 401(k), the plan's investment committee at Southwest corporate headquarters oversees the actual fund lineup. For employees, this partnership means a robust digital platform for tracking growth and a variety of retirement-readiness tools integrated directly into their benefits portal.