Summary by Futu AI
Walmart Inc. has filed its annual 11-K report for the Walmart 401(k) Plan with the United States Securities and Exchange Commission for the fiscal year ended January 31, 2024. The report includes audited financial statements and supplemental schedules detailing the Plan's financial status. As of January 31, 2024, the Plan's net assets available for benefits totaled approximately $41.53 billion, an increase from the previous year's $36.72 billion. The Plan's investments, primarily in equities, mutual funds, and various securities, appreciated in value, contributing to a net investment income of over $4.24 billion. The Plan also received substantial contributions from both company and participants, amounting to nearly $3.95 billion. The report, audited by Ernst & Young LLP, states that the financial statements present fairly the Plan's financial condition in conformity with U.S. generally accepted accounting principles. The Plan, sponsored by Walmart, allows eligible employees to contribute to their retirement savings, with Walmart providing matching contributions. The Plan's assets are managed by a Benefits Investment Committee and held in trust by Northern Trust Company.