Employers › GAP
Recordkeeping fees per participant · Gapshare 401(k) Plan · plan year 2024
$28.40
Higher than 38% of the 790 plans over $1B that report it.
= $1,301,579 / 45,828
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251013095727NAL0000462003001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013095727NAL0000462003001, received 2025-10-13
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-13.
Administrative expenses excluding investment management, per participant
$28.85
Higher than 26% of the 1,045 plans over $1B that report it.
= $1,321,949 / 45,828
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013095727NAL0000462003001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013095727NAL0000462003001, received 2025-10-13
Administrative expenses per participant
$30.83
Higher than 13% of the 1,076 plans over $1B that report it.
= $1,413,072 / 45,828
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013095727NAL0000462003001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013095727NAL0000462003001, received 2025-10-13
Administrative expenses as a share of assets
0.054%
Higher than 58% of the 1,076 plans over $1B that report it.
= $1,413,072 / $2,612,226,845
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013095727NAL0000462003001, received 2025-10-13
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013095727NAL0000462003001, received 2025-10-13
Employer contributions per participant
$1,035
Higher than 6% of the 1,135 plans over $1B that report it.
= $47,443,479 / 45,828
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013095727NAL0000462003001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013095727NAL0000462003001, received 2025-10-13
Employer share of total contributions
30.0%
Higher than 39% of the 1,135 plans over $1B that report it.
= $47,443,479 / $157,960,466
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013095727NAL0000462003001, received 2025-10-13
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013095727NAL0000462003001, received 2025-10-13
Vesting
“Our contributions vest immediately.”
Form 10-K filed 2026-03-17, for the year ended 2026-01-31 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2026-01-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251013095727NAL0000462003001, received 2025-10-13
| Field | Value | Source |
|---|---|---|
| Plan sponsor | GAP INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Plan name | GAPSHARE 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Sponsor EIN / plan number | 94-1697231 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Sponsor location | SAN FRANCISCO, CA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Industry (business code) | 448140, Retail trade | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Filing received | 2025-10-13 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Participants, beginning of year | 85,367 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Active participants | 68,283 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Participants, end of year | 83,515 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Participants with an account balance | 45,828 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Total assets, beginning of year | $2,353,192,471 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Total assets, end of year | $2,612,226,845 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Net assets, end of year | $2,612,226,845 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Total income | $486,533,963 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Net income | $259,034,374 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Employer contributions | $47,443,479 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Participant contributions | $101,088,359 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Other contributions (incl. rollovers) | $9,428,628 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Total contributions | $157,960,466 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Benefit payments | $226,060,594 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Total expenses (incl. benefit payments) | $227,499,589 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Total administrative expenses | $1,413,072 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Recordkeeping fees | $1,301,579 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Investment advisory and management fees | $91,123 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Administrative expenses excluding investment management | $1,321,949 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Held in common/collective trusts | $2,544,517,136 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Held in mutual funds | $40,869,499 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251013095727NAL0000462003001, received 2025-10-13 |
| Independent auditor | DELOITTE & TOUCHE, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251013095727NAL0000462003001, received 2025-10-13 |
Position = column in the DOL layout for form year 2024. Filing 20251013095727NAL0000462003001, received 2025-10-13.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| T ROWE PRICE RPS INCrecordkeeper | NONE | 15 Recordkeeping and information management; 21 Trustee (bank, trust company or similar); 25 Trustee (directed); 28 Investment management; 37 Participant loan processing; 38 Participant communication; 49 Other services; 50 Direct payment from the plan; 52 Investment management fees paid indirectly by plan; 59 Shareholder servicing fees; 62 Float revenue; 64 Recordkeeping fees; 65 Account maintenance fees | $1,301,579 | yes |
| MERCER | NONE | 16 Consulting (general); 27 Investment advisory (plan); 50 Direct payment from the plan | $91,123 | no |
| DELOITTE TAX LLP | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $13,032 | no |
| QDRO CONSULTANTS | NONE | 16 Consulting (general); 50 Direct payment from the plan | $7,250 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251013095727NAL0000462003001, received 2025-10-13.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $2,353,192,471 | $2,612,226,845 | 11.0% |
| Participants with a balance | 42,881 | 45,828 | 6.9% |
| Administrative expenses | $1,309,985 | $1,413,072 | 7.9% |
| Recordkeeping fees per participant | $22.95 | $28.40 | 23.8% |
| Employer contributions | $47,920,065 | $47,443,479 | -1.0% |
Prior filing 20241011092206NAL0021580545001, received 2024-10-11; the plan years are contiguous.
Sponsor name as filed: GAP INC.; SEC registrant: GAP INC (CIK 39911, matched by EIN; display name from the Form 10-K cover).