Plan Ledger DOL Form 5500 · updated monthly

Gap Inc.401(k)

GAPSHARE 401(K) PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.06%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Gap Inc. reported $1,413,072 in plan administrative expenses for 2024: 0.06% of average plan assets, above the peer median. Employer contributions averaged $695 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.07% to 0.06%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other retail trade employers. By assets it is the 50th-largest of 9,483 plans among California employers on file, and the 26th of 5,215 in retail trade. In 2024, employees put in $2.13 for every $1.00 the employer contributed; active participation has grown from 35,847 to 68,283 since 2022.

Plan summary
Net assets, end of year$2,612,226,845
Participants with balances45,828
Active participants68,283
Employer contributions$47,443,479
Employee contributions$101,088,359
Employer contribution per active participant$695
Average account balance$57,001
Benefits paid to participants$226,060,594
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.6B · 45,828 accts · $47.4M emplr
2023$2.4B · 42,881 accts · $47.9M emplr
2022$2.0B · 37,767 accts · $49.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,301,579
Investment management$91,123
Total administrative$1,413,072
The Gap Inc. 401(k) match · 2024
Employer contribution per active participant$695
Median for plans this size$5,259
2024$695 per active participant
2023$683 per active participant
2022$1,373 per active participant

Gap Inc.'s 2024 employer contribution ran below the $5,259 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
T ROWE PRICE RPS INC · Recordkeeping · Trustee$1,301,579
MERCER · Consulting · Investment advisory (plan)$91,123
DELOITTE TAX LLP · Accounting / audit$13,032
QDRO CONSULTANTS · Consulting$7,250

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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Administrative cost history3
2024$1,413,072 · 0.06%
2023$1,309,985 · 0.06%
2022$1,607,392 · 0.07%
All plans at this employer2
GAPSHARE 401(K) PLAN401(k)
GAPSHARE PUERTO RICO PLANProfit-sharing plan
Same employer
Similar plansRetail Trade · California
Trader Joe's Company CA$3.2B · 0.02%
Ebay Inc. CA$2.0B · 0.01%
Ross Stores, Inc. CA$1.0B · 0.06%
The Save Mart Companies CA$993.0M · 0.11%
Williams-Sonoma, Inc. CA$882.6M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941697231 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.