How to Roll Over Your Old Walmart 401(k)
Walmart's Associate 401(k) Plan is administered by Merrill Lynch (Bank of America) with strong employer matching. Walmart matches 6% of eligible pay, which makes understanding the vesting schedule critical before initiating a rollover.
Walmart's 401(k) is managed by Principal Financial Group — see our Principal Financial Group rollover guide
Walmart 401(k) Rollover FAQ
What is Walmart's 401(k) vesting schedule?
Walmart uses a graded vesting schedule: 20% per year, fully vested after 6 years of service. Check your vested percentage before leaving.
How do I roll over my Walmart 401(k)?
Access your Walmart 401(k) through the Benefits OnLine portal at benefits.ml.com. Contact Merrill Lynch at 888-968-4015 to request a direct rollover.
Can former Walmart associates keep their 401(k) with Merrill Lynch?
Former associates can leave funds in the Walmart 401(k) plan as long as the balance exceeds $1,000. Below $1,000, the plan may force distribution.
RECORDKEEPER GUIDE
Walmart's plan uses Principal Financial Group
See our step-by-step guide for exactly how to initiate a rollover from Principal Financial Group, including contact numbers and timelines.
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