Terms and Conditions
This Walmart Deferral Maximizer Tool (the "Match Calculator") is intended to help you maximize your contributions to the Deferred Compensation Matching Plan (the “DCMP”) and the Walmart 401(k) plan (“401(k) Plan”) (collectively, “Plans”). By checking the box below to access the Match Calculator, you consent to electronic receipt and agree that you have received electronically, read and are bound by the terms and conditions of use herein (the "Terms").
The information and resources provided throughout the Match Calculator, including text, graphics, images, and other materials, are provided as general information, may be based on various assumptions relating to your age, eligibility, elections, or compensation, and neither represent nor are intended to be specific advice to you or anyone else on any particular matter, including but not limited to, tax, legal, retirement planning, insurance, financial, or similar advice.
You are solely responsible for the accuracy of any data you enter in the Match Calculator, and results are based on the information you provide. The Match Calculator should not be used or relied upon by you as a substitute for your independent research or for professional advice regarding your own specific situation. Your actual experience may vary from the estimates modeled by the Match Calculator.
The Match Calculator is intended only for your personal non-commercial use, and you may not modify, copy, display, distribute, reverse engineer, or otherwise extract any source code, algorithms, methods, or techniques embodied in the Match Calculator.
The Match Calculator is provided on an "as is," "as available," and "with all faults" basis, without warranty of any kind, express or implied, including, without limitation, warranties of merchantability, fitness for a particular use or purpose, title, or non-infringement. In no event shall Walmart or any of its licensors be liable for any consequential, special, or indirect damages that result from use of, or loss of use of the Match Calculator. The rights, exclusions, warranty disclaimers and limitations of liability under these terms operate to the benefit of Walmart’s subcontractors, licensors, and vendors to the same extent that such provisions operate to the benefit of Walmart.
Nothing in the Match Calculator is intended to create, or meant to be construed to create, a contract of employment between you and Walmart or any of its affiliates or subsidiaries. Walmart reserves the right to amend or discontinue the plans described in the tool, in whole or in part, at any time for any reason without prior notice to, or consent by, associates.
The Match Calculator contains only general information about benefits available under the Plans. A summary of the terms of the DCMP are described in the Deferred Compensation Matching Plan Enrollment Guide, which may obtained at the Walmart Total Rewards site and a summary of the terms of the 401(k) Plan are described in the 401(k) Plan Summary Plan Description, which may be obtained searching 401(k) on One.Walmart. In the event of a discrepancy or inconsistency between the content described in the Match Calculator, including any estimated calculations or provisions of the Plans, the terms of the Plans are controlling and will govern the amount, if any, you may be entitled to receive under the Plans.
Walmart reserves the right to amend the Terms at any time, and any amendment shall become effective immediately.
2023 IRS Limits
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Limit on Eligible Compensation The IRS limits eligible compensation for 401(k) Company matching contributions. |
$330,000 |
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Limit on PreTax/Roth Contributions (under age 50 in 2023) The IRS limits the amount of employee contributions that may be made on a PreTax/Roth basis. This limit does not include Catch-Up Contributions. |
$22,500 |
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Limit on PreTax/Roth Contributions (age 50 or older in 2023) The IRS limits the amount of employee contributions that may be made on a PreTax/Roth basis. This limit includes Catch-Up Contributions. |
$30,000 |
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The Tool does not take into account contributions made under a different plan or with a former employer. Please note that the IRS limits specified apply to all contributions made in a calendar year. Be sure to consider this when modeling your contributions. |
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Assumptions
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This Match Calculator calculates full year contributions only. This means that the Match Calculator’s recommendations may not support you in meeting your goals for a shorter period of time (e.g. less than a year).
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The amount you defer under the DCMP may lower the potential value of matching contributions you receive under the 401(k) plan.
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Your 401(k) contributions and the Walmart 401(k) match are based on how much compensation you have after your Pretax funds have been deferred into the DCMP.
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If your total eligible pay is below the IRS Limits for 2023 ($330,000), you will not be eligible for the DCMP company match.
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If you are eligible for the DCMP, you must “lock in” your Fiscal Year 2024 elections during the enrollment period from December 1, 2022 to December 31, 2022 through NetBenefits. You may not make changes to your elections after the enrollment period is over.
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If you are a new hire that is eligible for the DCMP, you may be eligible to make off-cycle DCMP elections during your first year of service. Keep in mind this Match Calculator calculates full year contributions only.
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You can change your 401(k) contribution rates at any time. Contact your 401(k) provider directly for more details about changing your 401(k) contribution rates.
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The Match Calculator does not take into account contributions made under a different plan or with a former employer. Please note that the IRS limits specified apply to all contributions made in 2023. Be sure to consider this when modeling your contributions.
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26 paychecks are assumed to be paid in a year for calculation purposes of the Match Calculator.
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