Walmart Stock Purchase Program In 2022 (Discounts, Quitting + More)
Walmart offers many benefits for employees who work in large companies like it. Companies like this are well-oiled machines, with the means to provide big perks to their employees.
Walmart employees can take advantage of their Associate Stock Purchase Program, which many workers have as part of their benefits plan.
What is the Walmart Stock Buy Program for 2022?
The Walmart Associate Stock Purchase Program is an employee option that Walmart offers as part of its comprehensive benefits plan. Associates who purchase up to $1,800 in Walmart stock each year receive a company contribution up to a 15 percent match, a $270 maximum. The company will pay a modest fee for employees who wish to sell their stocks.
What does Walmart’s associate stock purchase plan look like?
Walmart offers an associate stock option as part of its employee benefits plan.
This plan is entirely optional. Employees who choose to participate will be able to count on their stock holdings as well as a 15% match from Walmart for every $1,800.
This match can be used in place of the discount stock purchases offer by many other employee stockpurchase programs (ESPPs).
For their part, associates pay a one-time enrollment fee of $20, and must pony up either an initial investment of $250 or commit to 10 automatic deposits of $25, from their checks.
Employees can purchase up to $125,000 each year if they so choose, but again, Walmart only matches that up to $1,800.
Employees have the option to liquidate stock at any moment. However, according one employee, there’s a $25.50 fee plus a $5 per share fee.
Finally, Walmart also pays yearly dividends, to the tune of $2.20 per share, an increase for the 48th straight year.
Walmart: Employee Stock Purchases
Walmart makes it simple and easy for associate stock purchase plan members to sign up.
To start, you will have to set up an account with Computershare, which is what all interested buyers use to purchase directly.
SmartAsset.com highlights, however, the fact that Computershare does not allow for price control – the program will simply charge you what it charges.
Computershare may also sell shares to you for any amount you wish, if necessary.
However, if you are new to investment, it may be a great option.
You can sign up to a new Walmart account using Computershare’s associate portal. Then follow these instructions to set everything up.
Walmart is also offering associate stock accounts via the OneWalmart employee site.
Walmart employees get discounts on stock purchases
Walmart employees will not be eligible for discount stock purchases as other companies.
Walmart also matches up to 15% for investments over $1,800. The associate will get $270 for a maximum investment of $1800
Associates who invest less will then receive less per Walmart’s matching system, but they will still benefit.
What is the average time it takes to get a check from Walmart stock?
Sapling.com reports that the average turnaround time for a Walmart check is 10 business days via mail.
Direct deposits take two to three business days, but are slightly faster.
You could also be required to wait before your shares can be sold, if this is something you want to do after the market closes.
It’s possible to sell on Friday at 10 PM. However, you will have to wait until Monday for the market open. That pushes the deadline back and can also delay your check.
What Happens To Walmart Stock When You Quit?
Walmart stock accounts can still be maintained even if the owner quits.
35 dollars per annum maintenance fee. But you can make cash purchase through the account until you die.
Cashing out can be a great option if your goal is to get cash. Sell all shares and wait to receive the check or direct deposit.
You can sell your entire account, but only until the money is paid in full.
Walmart’s bonuses and employee discounts are all covered in our other posts. Walmart also pays weekly paychecks.
Walmart Associates Stock Purchase Plan allows associates to make up to $125,000 per year in stock investments.
Walmart will match any investments up to $1,800, at a 15 percent rate, for a maximum of $270 guaranteed, as well as paying dividends at $2.20 per share.
Employees can “own” small pieces of the business and take part in its unparalleled success.
If I quit, what happens to my Walmart stocks?
What happens to Walmart stock if you decide not to quit? Even if you leave Walmart, your Walmart stock account can still be maintained. You pay a maintenance fee of $35 per year, but you can continue to make cash purchases through the account for as long as you’d like.
Does Your Walmart Discount Card Work After Quitting?
The card you already have doesn’t require a renewal and it’s not required to use any other cards. The system will detect when your service length has reached and convert your existing discount card to a long-term discount card. This card will be available even after you have left the company.
How do I cash my Walmart stock?
Call Computershare (Walmart’s transfer agent) at 1-800-438 6278. A representative from customer service will request that you verify your identity. They may ask for your Employee Identification Number and Social Security Number.
Should I Let Go of My Walmart Stock?
Walmart stock is not a great buy at the moment. The stock has lost a significant amount of ground in 2022, after it surpassed the S&P 500. Walmart stock will not be a big winner because of its weak fundamentals. January 3, 2022
.Walmart Stock Purchase Program In 2022 (Discounts, Quitting + More)