Walmart’s Retirement Contribution for Long-Tenured Associates
After a set tenure, Walmart adds profit-sharing contributions to retirement accounts even if the associate isn’t contributing.
Wait, is this on top of the match?
Yep, completely separate.
It’s discretionary though, based on company performance.
Not bad for retail. A lot of other chains dropped profit-sharing decades ago.
This is only for salaried positions, right?
Nope, it’s for eligible hourly associates too after enough years.
I didn’t even know Walmart did this until my store manager mentioned it in passing.
This is exactly why I’m sticking around until I hit my 15-year mark.
Sure, but if you’re under 10 years you get nothing. Feels like a golden handcuff.
True, but that’s kind of the point—rewarding longevity.
Last year was the first year I qualified. Unexpected extra money for retirement feels good.
Been getting it for 8 years straight now. It adds up faster than you think.
Wish tech companies did this. They just do stock grants that tank half the time.
Just another example of how Walmart’s benefits get overlooked in the public narrative.
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Been with Walmart 17 years, and the profit-sharing bump is real. Last year they put in almost $1,200 extra for me without me touching my 401(k).