Department of Labor filing

GAP INC.

GAPSHARE 401(K) PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 13, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

63filing comparison
out of 100

The filing looks somewhat better than typical peers on the measures we can compare. This is a filing comparison, not a complete benefits score.

$Employer support

$695

Reported employer contributions per active participant.

Higher than about 58% of comparable plans

#People in the filing

68,283

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$17 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 73% of comparable plans

↗Investment performance

Not available

Plan assets changed 11.0%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202463out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions58th percentileTypical peer $519 · based on 48 comparable plans

Lower reported administrative expense73rd percentileTypical peer $31 · based on 48 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, GAP INC. reported $47,443,479 in employer contributions across the plan and 68,283 active participants. That works out to $695 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy82%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 49.4%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 50.9%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context63/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $47,443,479
Participant contributions: $101,088,359
Other contributions: $9,428,628
Employer share of reported contributions: 31.9%
Beginning assets: $2,353,192,471
Ending assets: $2,612,226,845
Ending net assets: $2,612,226,845
Ending liabilities: Not reported
Total income: $486,533,963
Total expenses: $227,499,589
Administrative expenses: $1,413,072
Participant loans: $26,840,210

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$1,373

2023

$683

2024

$695

Plan-paid administrative expenses per participant

2022

$34

2023

$26

2024

$17

Active participants

2022

35,847

2023

70,145

2024

68,283

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$695	68,283	2.6B	20251013095727NAL0000462003001
2023	$683	70,145	2.4B	20241011092206NAL0021580545001
2022	$1,373	35,847	2B	20231013153031NAL0022234707001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.0%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 941697231-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jul 1, 1972
Industry: Retail trade
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2S2T

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
MFS DISTRIBUTORS INC	2024	Not reported	unknown
SEI TRUST COMPANY	2024	Not reported	unknown
TCW INVESTMENT MANAGEMENT CO., LLC	2024	Not reported	unknown
VANGUARD	2024	Not reported	unknown
WILLIAM BLAIR	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20251013095727NAL0000462003001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗