Plan Ledger DOL Form 5500 · updated monthly

Walmart Inc.401(k) + ESOP (KSOP)

WALMART 401(K) PLAN · BENTONVILLE, AR · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Walmart Inc. reported $41,265,152 in plan administrative expenses for 2024: 0.09% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,092 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 3 years on file its reported administrative ratio has held roughly steady near 0.089%. 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 1st-largest of 456 plans among Arkansas employers on file, and the 1st of 5,215 in retail trade. In 2024, employees put in $1.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$50,748,029,201
Participants with balances1,161,254
Active participants1,670,732
Employer contributions$1,825,137,785
Employee contributions$2,566,646,040
Employer contribution per active participant$1,092
Average account balance$43,701
Benefits paid to participants$4,029,570,271
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$50.7B · 1,161,254 accts · $1.8B emplr
2023$41.5B · 1,089,748 accts · $1.6B emplr
2022$36.7B · 1,050,049 accts · $1.5B emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,035,254
Investment management$16,261,287
Trustee / custodial$968,611
Total administrative$41,265,152
The Walmart Inc. 401(k) match · 2024
Employer contribution per active participant$1,092
Median for plans this size$5,259
2024$1,092 per active participant
2023$970 per active participant
2022$922 per active participant

Walmart 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 · 202412
MERRILL LYNCH PIERCE FENNER SMITH I · Recordkeeping · Contract administrator$24,035,254
BLACKROCK INSTITUTIONAL TRUST CO NA · Investment management$3,799,185
VAUGHAN NELSON INVESTMENT MGMT · Investment management$2,961,377
LOOMIS SAYLES · Investment management$2,207,467
D.F. DENT AND COMPANY, INC. · Investment management$1,990,575
RICE HALL JAMES & ASSOCIATES, LLC · Investment management$1,487,633
WELLINGTON TRUST COMPANY, N.A. · Investment management$1,006,403
NUVEEN ASSET MANAGEMENT · Investment management$979,352
NORTHERN TRUST COMPANY · Trustee$968,611
SYSTEMATIC FINANCIAL MANAGEMENT · Investment management$698,530
DRIEHAUS CAPITAL MANAGEMENT LLC · Investment management$504,794
JP MORGAN INVESTMENT MANAGEMENT INC · Investment management$302,335

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$41,265,152 · 0.09%
2023$33,503,939 · 0.09%
2022$34,604,824 · 0.09%
All plans at this employer3
WALMART 401(K) PLAN401(k) + ESOP (KSOP)
WALMART PUERTO RICO 401(K) PLAN401(k) + ESOP (KSOP)
JET.COM RETIREMENT TRUST401(k)
Same employer
Similar plansRetail Trade · Arkansas
CVS Health Corporation RI$30.1B · 0.15%
The Home Depot, Inc. GA$15.7B · 0.14%
Walgreen Co. IL$14.5B · 0.03%
Dillard's, Inc. AR$3.0B · 0.08%
Murphy USA Inc. AR$358.3M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 710415188 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.