Walmart Inc. 401(k) Review & Grade
Walmart Puerto Rico 401(k) Plan
Bentonville, ARRetail Trade11,020 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$816Employer $ per active participant
$911Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$179.6MNet plan assets, end of year
$18,846Average balance per account
Score breakdown
- Employer generosity30.5 / 5061th percentile for employer $ per participant
- Low cost3.9 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 16th |
| Employee saving | 23th |
| Peers that auto-enroll | 32% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Walmart put in about $816 per active participant, more than the typical peer ($689). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.22% of assets) are well above similar-size plans (0.09%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $8,989,257 |
| Participant (employee) contributions | $10,035,862 |
| Other contributions (incl. rollovers in) | $60,278 |
| Administrative expenses paid from the plan | $344,145 |
| Contract administrator fees | $167,849 |
| Investment advisory & management fees | $1,003 |
| Other admin expenses | $114,037 |
| Benefits paid out | $7,208,904 |
| Net assets, start / end of year | $139.1M / $179.6M |
| Active participants, start / end of year | 10,907 / 11,133 |
| Participants with account balances | 9,532 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ernst & Young, LLP |
| Employer stock held by plan | $20,761,449 |
Largest service providers (Schedule C)
| Merrill Lynch Pierce Fenner Smith | $168,066 reported compensation |
| Banco Popular De Puerto Rico | $61,256 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250814104459NAL0013576224001, received 2025-08-14, EIN 71-0415188, plan #004, plan year 2024-02-01 to 2025-01-31. Verify at efast.dol.gov.