Utah › Transportation and warehousing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
Skywest, Inc. Employees' Retirement Plan
Sponsored by Skywest, Inc., St. George, UT
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Skywest, Inc. Employees' Retirement Plan is a 401(k) plan sponsored by Skywest, Inc. of St. George, Utah. For the plan year ending 31 Dec 2025 it reported 19,619 participants, 16,327 of them active, and net assets of $1.68B.
Net assets came to $75,318 per participant in plan year 2024, above the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well above the $32,883 median for defined contribution plans in transportation and warehousing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $68.6M during the year, or $4,203 per active participant against a same-size median of $2,424; participants contributed $87.7M and $3.5M arrived as rollovers and other contributions. Benefits paid out totalled $98.5M.
Schedule C lists 15 service provider organisations paid $5,000 or more, with reported compensation of $868K: $44.22 per participant, well below the same-size median of $53.38. Administrative expenses charged to the plan were $866K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $234M in 2009 to $1.68B in 2025 (up 619%), and participants from 10,763 to 19,619 (up 82%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $75,318 | $64,499 | $32,883 | $53,102 |
| Employer contributions per active participant | $4,161 | $2,424 | $1,396 | $2,175 |
| Schedule C compensation per participant | $37.84 | $53.38 | $113 | $123 |
| Schedule C compensation, share of net assets | 0.05% | 0.09% | 0.33% | 0.26% |
| Administrative expenses per participant | $38.85 | $54.85 | $97.79 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 plans), transportation and warehousing (1,909) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2025 | 19,619 | $1.68B | $85,565 | $68.6M | $87.7M | $868K |
| 2024 | 18,854 | $1.42B | $75,318 | $64.6M | $77.0M | $713K |
| 2023 | 17,960 | $1.19B | $66,413 | $59.5M | $70.6M | $650K |
| 2022 | 17,997 | $952M | $52,883 | $47.0M | $64.8M | $642K |
| 2021 | 18,428 | $1.21B | $65,572 | $40.2M | $58.8M | $627K |
| 2020 | 15,900 | $1.03B | $65,090 | $39.2M | $49.6M | $229K |
| 2019 | 17,181 | $888M | $51,671 | $41.3M | $52.6M | $471K |
| 2018 | 15,812 | $684M | $43,271 | $33.7M | $44.2M | $442K |
| 2017 | 14,225 | $690M | $48,532 | $25.1M | $36.9M | $428K |
| 2016 | 13,073 | $563M | $43,080 | $22.5M | $32.8M | $594K |
| 2015 | 12,311 | $501M | $40,666 | $19.3M | $30.1M | $264K |
| 2014 | 11,433 | $485M | $42,402 | $17.4M | $25.9M | $35K |
| 2013 | 12,124 | $448M | $36,990 | $16.3M | $24.6M | $40K |
| 2012 | 12,000 | $354M | $29,519 | $14.6M | $23.8M | $39K |
| 2011 | 11,904 | $298M | $25,036 | $13.8M | $22.9M | $27K |
| 2010 | 11,306 | $289M | $25,545 | $12.4M | $20.5M | $38K |
| 2009 | 10,763 | $234M | $21,696 | $9.1M | $17.8M | $29K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$1,420,052,359
- Employer contributions$68,625,959
- Participant contributions$87,651,447
- Rollovers and other contributions$3,515,090
- Total contributions$159,792,496
- Total income, including investment results$357,986,234
- Benefits paid$98,466,147
- Administrative expenses$866,413
- Total expenses$99,347,527
- Net income$258,638,707
- Net transfers$0
- Net assets, end of year$1,678,691,066
Participants
- Active participants16,327
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits3,242
- Participants with account balances13,648
- Total participants, end of year19,619
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Schwab Retirement Plan Services,inc | Recordkeeping and information management | $506,682 | $0 |
| Soltis Investment Advisors | Investment advisory (participants); Investment management | $56,789 | $0 |
| Fisher Investments | Investment advisory (participants) | $49,905 | $0 |
| Townsquare Capital LLC | Investment advisory (participants) | $36,694 | $0 |
| Weaver and Tidwell LLP | Accounting (including auditing) | $28,875 | $0 |
| Ignite Planners LLC | Investment advisory (participants) | $28,581 | $0 |
| Ciovacco Capital Management | Investment advisory (participants) | $27,383 | $0 |
| Mountain Capital Investment Ad | Investment advisory (participants) | $19,810 | $0 |
| Elite Wealth Management LLC | Investment advisory (participants) | $19,762 | $0 |
| Charles Schwab & Co., Inc. | Securities brokerage | $17,867 | $0 |
| Envestnet Asset Management Inc. | Investment advisory (participants) | $16,904 | $0 |
| Diversify Wealth Management LL | Investment advisory (participants) | $10,365 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 smaller rows are not shown. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Recordkeeping fees$506,949
- Investment advisory and management fees$330,590
- IQPA audit fees$28,874
- Total administrative expenses$866,413
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$751M · 44.7%
- Registered investment companies (mutual funds)$704M · 41.9%
- Other investments$137M · 8.1%
- Employer securities$48.6M · 2.9%
- Participant loans$15.4M · 0.9%
- Cash (interest and non-interest bearing)$14.0M · 0.8%
- Receivables$9.0M · 0.5%
- Partnership/joint venture interests$5,700 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmWeaver and Tidwell LLP
- Participant contributions reported as transmitted lateYes, $75
- Covered by a fidelity bondYes, $1,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2RParticipant-directed brokerage accounts provided as an investment option under the plan3DPre-approved pension plan3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 481000: Air Transportation.
Similar plans in Utah
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| C. R. England, Inc. Profit Sharing | C.R. England, Inc. | 8,296 | $121M | $14,564 |
| Breeze Aviation Group 401(k) Team Member Plan | Breeze Aviation Group, Inc. | 2,121 | $40.7M | $19,170 |
| Retirement Income Security Plan-Barney Trucking | Barney Trucking, Inc. | 666 | $18.3M | $27,514 |
| Oocl (USA) Inc. Savings Plan | Oocl (USA) Inc. | 616 | $164M | $266,487 |
| Oocl (USA) Inc. Defined Contribution Pension Plan | Oocl USA Inc. | 602 | $97.4M | $161,713 |
| Pride Transport 401(k) Plan | Pride Transport, Inc. | 516 | $9.0M | $17,411 |
Defined contribution plans in transportation and warehousing closest in size.
Questions and answers
How big is Skywest, Inc. Employees' Retirement Plan?
19,619 participants at the end of the plan year ending 31 Dec 2025, of whom 16,327 were active employees, with net assets of $1,678,691,066. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does Skywest, Inc. contribute per participant?
The filing reports $68,625,959 in employer contributions for the year, which is $4,203 per active participant; the median for plans of the same type and size was $2,424 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $867,548 in compensation to service provider organisations, $44.22 per participant or 0.05% of net assets. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $866,413. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Skywest, Inc.. Recordkeeping or administration: Schwab Retirement Plan Services,inc. Investment advisory or management: Soltis Investment Advisors, Fisher Investments and Townsquare Capital LLC. The financial statements were audited by Weaver and Tidwell LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2025 to 31 Dec 2025, received by the Department of Labor on 11 Jun 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 87-0292166, plan 001, received 11 Jun 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.