Walmart Inc. has filed its annual Form 11-K report with the SEC for the fiscal year ended January 31, 2024, detailing the financial status of the Walmart Puerto Rico 401(k) Plan. The independent audit, conducted by Ernst & Young LLP, concluded that the financial statements present fairly the net assets available for benefits at the end of the fiscal year and the changes during the year, in accordance with U.S. GAAP. The Plan's net assets available for benefits increased from $112,590,038 in 2023 to $139,098,041 in 2024. The Plan, which is a defined contribution plan subject to ERISA, allows eligible employees to contribute a portion of their wages and receive matching contributions from Walmart. Investments include a mix of Walmart equity securities, mutual funds, and...Show More

Walmart Inc. has filed its annual Form 11-K report with the SEC for the fiscal year ended January 31, 2024, detailing the financial status of the Walmart Puerto Rico 401(k) Plan. The independent audit, conducted by Ernst & Young LLP, concluded that the financial statements present fairly the net assets available for benefits at the end of the fiscal year and the changes during the year, in accordance with U.S. GAAP. The Plan's net assets available for benefits increased from $112,590,038 in 2023 to $139,098,041 in 2024. The Plan, which is a defined contribution plan subject to ERISA, allows eligible employees to contribute a portion of their wages and receive matching contributions from Walmart. Investments include a mix of Walmart equity securities, mutual funds, and other assets. The Plan is managed by a Benefits Investment Committee and administered by a Senior Vice President, with Banco Popular de Puerto Rico serving as trustee and Bank of America, N.A. as custodian. The Plan's investments are subject to market risks, but it offers a diversified portfolio to mitigate these risks. The Plan's tax status remains qualified under the Puerto Rico Internal Revenue Code of 2011, as confirmed by the Puerto Rico Department of Treasury.