401(k) · DOL Form 5500 · 2023

Gap Inc. 401(k) Plan

Data updated 2026-08-11

$2.4B
Total assets
35,847
Participants
99th
Percentile by assets
$65,645
Avg per participant
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Official DOL plan name: Gapshare 401(k) Plan · Sponsored by Gap Inc. · California · Retail Trade

$2.4B in assets, 35,847 participants

Gap Inc.'s Gapshare 401(k) Plan reported $2.4B in total assets and 35,847 participants in its 2023 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.

  • 99th percentile by assets (of 127,072 plans)
  • #8,382 in Retail Trade (8,414 peers)

Coverage in California

Gapshare 401(k) Plan covers 35,847 participants in California, 57x the typical California plan (state average ~630 per filing). Assets: $2.4B.

$2.4B
total plan assets (2023 EOY)
35,847
covered participants
99th
percentile by assets (of 127,072 plans)
$65,645
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Gapshare 401(k) Plan reported net income rose from -$414M in the plan year 2022 filing to $337M in the plan year 2023 filing.
  • Gapshare 401(k) Plan end-of-year assets rose from $2.0B in the plan year 2022 filing to $2.4B in the plan year 2023 filing.
  • Gapshare 401(k) Plan reported participants rose from 33,570 in the plan year 2022 filing to 35,847 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
California
Industry
Retail Trade

Participants vs California filers

In California, the average filing covers about 630 participants across 15,291 plans. Gapshare 401(k) Plan reports 35,847 participants - 57x that state average ($2.4B EOY assets).

California filing particulars

Total Assets (Beginning of Year)$2.0B
Net Assets (End of Year)$2.4B
Net Income$337M
Employer EIN941697231
Plan Effective Date1972-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Gap Inc.)

$1.8B$2B$2.2B$2.4B$2.6B$2.8B 202220232024 $2.02B $2.62B ▲ +29.7%
Total plan assets by year, all Gap Inc. plans on file
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

Gapshare 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. 050000100000150000200000250000 -200204060 Total assets ($B) Participants Gapshare 401(k) PlanWells Fargo & Compan…Google LLC 401(k) Sa…Oracle Corporation 4…Intel 401(k) Savings…Apple 401(k) 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 $2.4B in end-of-year assets across 35,847 participants (0.019% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.038% of 93,925,755 covered participants) - about $65,645 per participant (47% of the national average assets-per-participant) . Net income for plan year 2023 was $337M.

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 Open filing
2023 35,847 $2.4B This page
2024 · index core 70,145 $2.6B Open filing

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

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Gapshare 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Gapshare 401(k) Plan assets move in 2023? ▼
Gapshare 401(k) Plan grew sharply - up 16.7% during 2023, from $2.0B to $2.4B. Reported net income was $337M.
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 127,072 plans that reported assets for plan year 2023 (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 Daimler Truck North America, L.L.C. Employee Retirement Savings Plan in OR ($2.4B, 8,353 participants).

Next read for Gapshare 401(k) Plan

Filing takeaways

Ways to act on Gapshare 401(k) Plan's numbers.

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.