401(k) · DOL Form 5500 · 2023

Gap Inc. 401(k) Plan

Data updated 2026-08-25

$2.4B
Total assets Very large vs avg
35,847
Participants Very large workforce
99th
Percentile by assets National rank
$65,645
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#8,382
in Retail Trade (8,414 peers)
+16.7%
assets growth YoY
24×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$2,353,192,471 Top 1% higher than 99% of 127,068 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 2023

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

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Gapshare 401(k) Plan is a mega filing (35,847 participants), the rightmost band on the breakdown.

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 →

DOL schedule card

Filing strip 941697231 · Gap Inc. PY 2023 · 401(k)

Gapshare 401(k) Plan · $2.4B · 35,847 · 99th

  • IND $2.4B
  • EOY 35,847
  • 5500 99th
  • ASSETS 401(k)
  • PCT near Daimler Truck North America, L.L.C. Employee Retirement Savings Plan
  • EIN ind #8382

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

Genuine Parts Company 401(k) Savings PlanGenuine Parts Company 401(k)…$2.4BGapshare 401(k) Plan$2.4BDaimler Truck North America, L.L.C. Employee Retirement Savings PlanDaimler Truck North America,…$2.4BBuilding Service 32bj Supplemental Retirement Savings PlanBuilding Service 32bj Supple…$2.3BLenovo Savings Plan$2.3B
End-of-year total assets ($B) among Gapshare 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

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.)

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 -200204060 Total assets ($B) Participants Gapshare 401(k) Plan, Total assets ($B): 2.353192471 · Participants: 35847Gapshare 401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 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:

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

Outside California, the nearest 401(k) by assets is Daimler Truck North America, L.L.C. Employee Retirement Savings Plan in OR ($2.4B); by covered participants it is Huntington Ingalls Industries Savings Plan in VA (35,892 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (35,847 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 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).
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 Huntington Ingalls Industries Savings Plan in VA (35,892 participants, $5.5B in assets).

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.