WALMART 401(K) PLAN Contribution & Employer Match

WALMART 401(K) PLAN Contribution & Employer Match

WALMART INC. provides the following retirement savings benefits to its employees:

WALMART 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for WALMART 401(K) PLAN is $22,074.00

WALMART 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for WALMART 401(K) PLAN is $1,193.00. 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.
76,375.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 1,193.00 in WALMART 401(K) PLAN, assuming a 10%* annual return.

2023 & 2024 401(k) contribution limits by IRS

 Pretax and roth employee contributionsEmployee and employer contributions combinedCatch-up contributions (in addition to the employee and employer combined limit, age 50 and over)
401(k) contribution limit for 2023$22,500$66,000$7,500
401(k) contribution limit for 2024$23,000$69,000$7,500

$1,440,056: this is the amount you will have saved 20 years later if you contribute the maximum of $22,500 annually for 20 years, assuming a 10%* annual return.

$4,224,165: for those who can maximize employee and employer annual $66,000 contributions for 20 years, assuming a 10%* annual return, you will be 3 times richer!

Use the 401(k) Savings Calculator to determine how much your contributions will accumulate over time.

Employer match in WALMART 401(K) PLAN

An employer match is deemed as ‘free’ money wherein your employer contributes additional funds to your allocated retirement savings plan. The matching amount can frequently be several percentage points of your compensation. Don’t avoid this free salary ‘raise’.

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

In 2024, WALMART 401(K) PLAN allocates $1,586,359,465.00 to match its employees' contributions, providing an employer match rate of 71.05% of their contributions

WALMART 401(K) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in WALMART 401(K) PLAN is approximately $843.00
Investing in this additonal $843.00 for 20 years would give you extra $53,954.00, assuming a 10% annual return.

WALMART 401(K) PLAN Contribution & Match Policy

Eligible employees can contribute up to 50% of their eligible wages to the plan, either as pretax or Roth 401(k) deferrals, with no obligation to contribute. Employees aged 50 or older can make additional catch-up contributions. Rollovers from other eligible retirement plans are also allowed.

Employer matching begins after an employee has completed 1,000 hours of service within a consecutive 12-month period. The company matches 100% of deferrals up to 6% of the employee\'s eligible wages, calculated each payroll period based on cumulative compensation and contributions. However, rollover contributions do not qualify for the company match.

Participants are immediately vested in their elective, catch-up, rollover, and company matching contributions. Profit-sharing contributions vest at a rate of 20% per year from the second through the sixth year of service, with full vesting upon retirement at age 65, total and permanent disability, or death.

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