Q: What is the Walmart 401(k) plan?
A: The Walmart 401(k) plan is a retirement savings plan offered to all employees of Walmart.
Q: How can employees access the plan?
A: The plan is immediately accessible to employees and can be transferred when an employee leaves the company.
Q: Does Walmart offer an employer match?
A: Yes, Walmart offers a 6% dollar-for-dollar employer match after one year of employment.
Q: Can employees contribute to the plan on a pre-tax basis?
A: Yes, the plan allows employees to contribute to their retirement savings on a pre-tax basis.
Q: Are Roth contributions an option?
A: Yes, participants in the Walmart 401(k) plan have the option of making Roth contributions.
Q: What investment options are available?
A: Participants can choose to invest in actively managed funds or target date funds.
Q: Can employees take loans or withdrawals from the plan?
A: Yes, the plan allows for loans and withdrawals, including hardship withdrawals.
Q: What are the options when leaving Walmart?
A: When an employee leaves Walmart, they have the option to roll over their 401(k) funds into a Roth IRA, a new 401(k) plan, invest in the stock market, or move it into a savings account.
Q: Who administers the Walmart 401(k) plan?
A: The plan is administered by Merrill Lynch.
