Plan Snapshot
- Plan Sponsor: Walmart INC.
- Sponsor EIN: 710415188
- Sponsor Address: 508 SW 8TH STREET, BENTONVILLE, AR, 727160295
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 1,670,732
- Total Assets: $50.8B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,670,732 | $50.8B | $1.8B | $2.6B |
| 2023 | 1,635,899 | $41.5B | $1.6B | $2.2B |
| 2022 | 1,611,202 | $36.7B | $1.5B | $2.1B |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER SMITH I | Other Service Provider | $24,035,254 | — | $24,035,254 |
| BLACKROCK INSTITUTIONAL TRUST CO NA | Other Service Provider | $3,799,185 | — | $3,799,185 |
| VAUGHAN NELSON INVESTMENT MGMT | Other Service Provider | $2,961,377 | — | $2,961,377 |
| LOOMIS SAYLES | Other Service Provider | $2,207,467 | — | $2,207,467 |
| D.F. DENT AND COMPANY, INC. | Other Service Provider | $1,990,575 | — | $1,990,575 |
| RICE HALL JAMES & ASSOCIATES, LLC | Other Service Provider | $1,487,633 | — | $1,487,633 |
| WELLINGTON TRUST COMPANY, N.A. | Other Service Provider | $1,006,403 | — | $1,006,403 |
| NUVEEN ASSET MANAGEMENT | Other Service Provider | $979,352 | — | $979,352 |
| NORTHERN TRUST COMPANY | Other Service Provider | $968,611 | — | $968,611 |
| SYSTEMATIC FINANCIAL MANAGEMENT | Other Service Provider | $698,530 | — | $698,530 |
| DRIEHAUS CAPITAL MANAGEMENT LLC | Other Service Provider | $504,794 | — | $504,794 |
| JP MORGAN INVESTMENT MANAGEMENT INC | Recordkeeper | $302,335 | — | $302,335 |
| MEKETA INVESTMENT GROUP | Other Service Provider | $266,162 | — | $266,162 |
| MERCER | Investment Advisor | $53,992 | — | $53,992 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JP MORGAN INVESTMENT MANAGEMENT INC — Recordkeeper
- MERCER — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,261,670
- Estimated Expense Ratio: 0.081% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $41,265,152 | $16,261,287 | $24,035,254 | — | — |
| 2023 | $33,503,939 | $11,439,419 | $21,215,161 | — | — |
| 2022 | $34,604,824 | $12,105,759 | $21,652,462 | — | $846,603 |