GAPSHARE 401(K) PLAN Contribution & Employer Match

How GAP INC. Supports Your Retirement Savings

GAP INC. provides retirement savings benefits through GAPSHARE 401(K) PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

GAPSHARE 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for GAPSHARE 401(K) PLAN is $30,599.00

GAPSHARE 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for GAPSHARE 401(K) PLAN is $1,499.00. If you contribute an amount exceeding this, you have saved more than your colleagues. Congratulations! Keep up the good work. Otherwise, you might want to consider contributing more to ensure a better retirement future.
95,964.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,499.00 in GAPSHARE 401(K) PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in GAPSHARE 401(K) PLAN

An employer match is one of the most valuable benefits in any 401(k) plan — it is essentially free money added to your retirement savings. Your employer contributes additional funds based on a percentage of your own contributions. Missing out on the full match is one of the most common and costly retirement mistakes employees make.

GAPSHARE 401(K) PLAN Total Employer Contribution and Match Rate

In 2024, GAPSHARE 401(K) PLAN allocates $47,443,479.00 to match its employees’ contributions, providing an employer match rate of 46.93% of their contributions

GAPSHARE 401(K) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in GAPSHARE 401(K) PLAN is approximately $555.00
Investing in this additonal $555.00 for 20 years would give you extra $35,568.00, assuming a 10% annual return.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

GAPSHARE 401(K) PLAN Contribution & Match Policy

GAPSHARE 401(K) PLAN Contribution, Match and Other Plan Policies

  • The minimum level of participant contributions is 1% of base salary.
  • Total pretax and Roth contributions may not exceed a maximum of 30% of total eligible compensation.
  • Total after-tax contributions may not exceed a maximum of 21% of total eligible compensation.
  • Total pretax, Roth, and after-tax contributions cannot exceed 51% of total eligible compensation.
  • The maximum allowable pretax and Roth 401(k) contributions qualifying for deferral for individual income tax purposes was $23,000 for the year ended December 31, 2024.
  • The maximum compensation allowable for Plan allocation purposes was $345,000 for the year ended December 31, 2024.
  • Participants attaining age 50 before the close of the calendar year and eligible to make tax-deferred contributions were allowed to make catch-up contributions not exceeding $7,500 for the year ended December 31, 2024.
  • If a participant contributes between 1% and 9% on a pretax basis, Gap Inc.
  • will automatically increase the deferral percentage by 1% of eligible pay each year on the anniversary of the participant’s hire date.
  • The percentage increase will continue until the participant reaches a deferral percentage of 10%.
  • Participants can change or stop their deferral election at any time and can opt out of the automatic increase provisions of the Plan.
  • Company contributions are made according to a matching formula established prior to the beginning of each plan year.
  • For 2024 and 2023, the formula provided for a 100% matching contribution up to 4% of base pay per pay period of participant contributions on a pretax or after-tax basis.
  • A participant’s aggregate annual contribution, which includes participant and Company contributions, could not exceed $69,000 for the year ended December 31, 2024.
  • Participants may also contribute amounts representing distributions from other qualified defined contribution plans.
  • All full-time employees participating in the Plan are immediately eligible to receive the Company matching contributions.
  • All other active employees participating in the Plan who have attained the age of 18 are eligible to receive the Company matching contributions upon being credited with at least 1,000 hours of service to the Company during the 12-consecutive-month period beginning on the employee’s date of hire by the Company or during any calendar year beginning after the employee’s date of hire.
  • All active employees are 100 % vested in all employer contributions, participant contributions, and earnings thereon.

2025 IRS 401(k) Contribution Limits

The IRS sets annual limits on how much you and your employer can contribute to a 401(k) plan. Knowing these limits helps you maximize tax-advantaged savings. Here are the current limits:

 20242025
Employee elective deferrals (pretax + Roth)$23,000$23,500
Employee + employer contributions combined$69,000$70,000
Catch-up contributions (age 50+)$7,500$7,500
Enhanced catch-up (ages 60–63, SECURE 2.0)N/A$11,250

The power of maxing out: If you contribute the full $23,500 annually for 20 years at a 10% average annual return, you would accumulate approximately $1,505,256. If you can maximize the combined employee+employer limit of $70,000 per year, that grows to roughly $4,480,385 over the same period — more than triple.

Use the 401(k) Savings Calculator to model your specific contribution scenario and see how your savings can grow over time.

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