![]() With our Employee Stock Purchase Plan, Employees can purchase Southwest common stock at a 10 percent discount through payroll deductions after six months of continuous service. Southwest was the first in the airline industry to offer a ProfitSharing Plan. Contributions are a percentage of their eligible salary and have ranged from one percent to nearly 16 percent over the past ten years. Employees can choose from a broad spectrum of investment options, and rollover any eligible funds from a previous employer.Įmployees share in Southwest’s success with our ProfitSharing Plan, which rewards them for their contributions to Southwest’s profitability. ![]() Southwest will match Employee contributions dollar-for-dollar up to a range of their eligible salary between 8.3 and 9.3 percent. Save for retirement through our 401(k) Plan with pre-tax or Roth contributions. *Pilots aren’t eligible, but may elect Long Term Disability coverage through Southwest Pilots’ AssociationĮmployees earn excellent pay and can prepare for their future with our exceptional retirement programs. Other available benefits include Adoption Assistance Reimbursement, Paid Adoption Leave, Child and Elder Care Resource and Referral Program, Committed Partner Benefits, a Concierge Program, Supplemental Hospital Insurance, Pet Insurance, Auto and Home Insurance, and Long Term Care Insurance. Employees may elect Optional Life Insurance up to 10 times their salary, and choose from various levels of life insurance for their Spouse/Committed Partner and/or Children.Īccidental Death & Dismemberment (AD&D) InsuranceĪccidental Death & Dismemberment (AD&D) Insurance is also available as another way to protect Employees and/or their Families in the event of an accident. Noncontract Employees are covered by a Company-paid Short Term Disability plan in the event of an illness or injury that lasts more than one week.Įmployees can choose from Company-paid or Employee-paid Long Term Disability plans* that help protect them and their Families in the event the Employee becomes disabled and can’t work for an extended period of time.Īll Employees receive Basic Term Life Insurance at no cost, in a coverage amount equal to their annual salary, up to $50,000. ![]() A Company-paid concierge service is also available to those enrolling in this plan. Employees may receive triple tax savings through this account. If enrolled in the Health Savings Plan, a Health Savings Account (HSA) is available for Employees to save for eligible healthcare expenses-now or in the future. Vision coverage is an available option for Employees and their families, and includes complete eye exams and contact lenses, or lenses and frames.Įmployees can save money by making tax-free contributions to flexible spending accounts for health care and dependent daycare. Southwest picks up a generous amount of the cost, making the monthly amount Employees pay for medical and prescription drug coverage for themselves and their Families affordable.ĭental coverage options include preventive, basic, major, and orthodontic care. Employees choose from medical coverage options ranging from PPOs to a high deductible health plan.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |