401(k) · DOL Form 5500 · 2022

Gap Inc. 401(k) Plan

Data updated 2026-08-25

$2.0B
Total assets Very large vs avg
33,570
Participants Very large workforce
99th
Percentile by assets National rank
$60,062
Avg per participant Low balance/head
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Official DOL plan name: Gapshare 401(k) Plan · Sponsored by Gap Inc. · California · Retail Trade

$2.0B in assets, 33,570 participants

Gap Inc.'s Gapshare 401(k) Plan reported $2.0B in total assets and 33,570 participants in its 2022 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #9,483 in Retail Trade (9,519 peers)

Coverage in California

Gapshare 401(k) Plan covers 33,570 participants in California, 53x the typical California plan (state average ~630 per filing). Assets: $2.0B.

#9,483
in Retail Trade (9,519 peers)
-17.0%
assets change YoY
20×
vs typical plan assets (national mean)

The plan reported a net loss of $414M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Gapshare 401(k) Plan's outsized position by total assets

Gapshare 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$2,016,295,035 Top 1% higher than 99% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Gapshare 401(k) Plan's mega-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Gapshare 401(k) Plan is a mega filing (33,570 participants), the rightmost band on the breakdown.

DOL schedule card

Filing strip 941697231 · Gap Inc. PY 2022 · 401(k)

Gapshare 401(k) Plan · $2.0B · 33,570 · 99th

  • PHOTO $2.0B
  • IND 33,570
  • EOY 99th
  • 5500 401(k)
  • ASSETS near Voya 401(k) Savings Plan
  • PCT ind #9483

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Retail Trade retirement plans → · Plans in California →

Gapshare 401(k) Plan in the asset neighbourhood

Gapshare 401(k) Plan$2.0BVoya 401(k) Savings Plan$2.0BSteel Dynamics, Inc. Profit Sharing and Retirement Savings PlanSteel Dynamics, Inc. Profit …$2.0BGordon Food Service, Inc. Profit Sharing PlanGordon Food Service, Inc. Pr…$2.0BNavy Federal 401(k) Savings PlanNavy Federal 401(k) Savings …$2.0B
End-of-year total assets ($B) among Gapshare 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

California filing particulars

Total Assets (Beginning of Year)$2.4B
Net Assets (End of Year)$2.0B
Net Income-$414M
Employer EIN941697231
Plan Effective Date1972-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Gap Inc.)

Sponsor-wide plan assets over time

All Gap Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$2.6B 29.595840931664384% vs 2022
2024 filing year
$1.8B$2B$2.2B$2.4B$2.6B$2.8B 202220232024 $2.02B $2.62B ▲ +29.7%
Year Plans Participants Total Assets
2022 2 33,785 $2.0B
2023 2 36,166 $2.4B
2024 2 70,645 $2.6B

Nearby 401(k) Plans in California

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Gapshare 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. 050000100000150000200000250000 -1001020304050 Total assets ($B) Participants Gapshare 401(k) Plan, Total assets ($B): 2.016295035 · Participants: 33570Gapshare 401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 45.765616608 · Participants: 205865Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 28.89820221 · Participants: 102963Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 21.851716605 · Participants: 46320Oracle Corporation 401(k) Savings and Investment PlanChevron Employee Savings Investment Plan, Total assets ($B): 18.60989746 · Participants: 19946Chevron Employee Savings Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 18.361585903 · Participants: 54672Intel 401(k) Savings Plan
Gapshare 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Gapshare 401(k) Plan side-by-side with 3 peers →

Scale composition for Gapshare 401(k) Plan

Gapshare 401(k) Plan reports $2.0B in end-of-year assets across 33,570 participants (0.016% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.036% of 93,925,755 covered participants) - about $60,062 per participant (43% of the national average assets-per-participant) . Net income for plan year 2022 was -$414M.

This plan identity (EIN 941697231, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.0B to $2.6B (+29.6%) while covered participants moved from 33,570 to 70,145 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 33,570 $2.0B This page
2023 35,847 $2.4B Open filing
2024 · index core 70,145 $2.6B Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Gapshare 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Voya 401(k) Savings Plan in GA ($2.0B); by covered participants it is Abercrombie & Fitch Co. Savings and Retirement Plan in OH (33,637 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.0B here).

Similar participant headcount

Nearest other-state filings by covered participants (33,570 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Gapshare 401(k) Plan assets move in 2022? ▼
Gapshare 401(k) Plan declined sharply - down 17.0% during 2022, from $2.4B to $2.0B. Reported net income was -$414M.
How have Gap Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Gap Inc.'s sponsor-wide assets grew 29.6%, from $2.0B to $2.6B.
Where does Gapshare 401(k) Plan rank by assets among Form 5500 filers? ▼
Gapshare 401(k) Plan ranks in the 99th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Gapshare 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Voya 401(k) Savings Plan in GA ($2.0B, 5,735 participants).
Which 401(k) plans cover a similar participant headcount to Gapshare 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Abercrombie & Fitch Co. Savings and Retirement Plan in OH (33,637 participants, $345M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 941697231.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.