Form 5500 · Schedule H line 2i(12) · form year 2024

Walmart INC.

WALMART 401(K) PLAN · EIN 710415188 · plan number 003
$35.53
Administrative expenses paid from plan assets, per participant, as the sponsor reported, for form year 2024. The denominator is 1,161,254 participants with account balances.
This is line 2i(12) of Schedule H only. It excludes fees netted inside fund expense ratios and fees the employer pays directly, which are not in that line and are therefore not in this figure.
Among plans of its size — 50,000 and above participants with account balances, 122 plans in that band across the whole dataset — this plan's reported figure is between the 25th percentile and the median.
p10 $12.67p50 $50.76p90 $131.98

Percentiles are computed over all 52,836 qualifying plans in the form year 2024 dataset, not over the plans published here.

What the filing breaks out, and what it does not

Schedule H lineAs filed
Contract administrator fees$24,035,254
Investment management fees$16,261,287
Other administrative expensesnot reported
Not broken out into any of the lines above$968,611
Total administrative expenses (line 2i(12))$41,265,152

A blank line above means the sponsor did not report a figure for it, which is not the same as reporting zero. Where the named lines add up to less than the total, the difference is shown rather than left for the reader to work out.

The rest of what this filing reports

Participants with account balances1,161,254
Net plan assets, end of year$50,748,029,201
Employer contributions$1,825,137,785
Participant contributions$2,566,646,040
Late participant contributions remittednot reported

Check this against the filing

Every figure above was read from Walmart INC.’s own Form 5500 for form year 2024, EFAST2 acknowledgement ID 20250814105617NAL0005370979001, located 2026-08-30.

Open the filing (PDF)

The line itself is on the 2024 Schedule H form at line 2i(12), Total administrative expenses. If our number and the document disagree, the document is right and we want to know.

Plans of a similar size

Same size band, nearest reported figures. Size bands are the point: a plan with a few hundred people and one with a few hundred thousand are not comparable, and putting them side by side would imply they were.

United Airlines, INC.
$34.63 per participant
77,056 with balances
Board Of Trustees Of The Southern District Ubc Defined Contribution F
$36.85 per participant
51,643 with balances
Centene Corporation
$37.17 per participant
64,621 with balances
Mms USA Holdings, INC.
$33.81 per participant
52,072 with balances
Mars, Incorporated
$33.13 per participant
61,429 with balances
Hackensack Meridian Health
$38.32 per participant
53,979 with balances

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