What type of retirement plans does Southwest Airlines offer?
Southwest Airlines offers a 401(k) plan, in addition to a Deferred Compensation Plan and a Retirement Savings Plan. The 401(k) plan allows participants to contribute up to 50 percent of their eligible compensation, up to a maximum of $18,000 in 2017. The Deferred Compensation Plan permits participants to contribute up to $18,000 each year. Employees may also invest up to $18,000 in the Retirement Savings Plan.
Other Questions about Southwest Airlines
- Does Southwest Airlines provide paid sick leave?
Yes, Southwest Airlines provides paid sick leave to its employees.
- Does Southwest Airlines offer tuition assistance?
No, Southwest Airlines does not offer tuition assistance.
- Are there any special programs for veterans at Southwest Airlines?
Yes, Southwest Airlines offers a program for veterans called the Military and Veteran Discount Program. This program provides discounted fares for active duty military, retired military, and their families on all domestic flights.
- How often do Southwest Airlines employees receive raises?
The frequency of raises for Southwest Airlines employees depends on the employee's position, performance, and the company's policies. Generally, Southwest Airlines employees receive annual raises, although some may receive raises more or less frequently.
- Does Southwest Airlines provide health benefits?
No, Southwest Airlines does not provide health benefits.