Walmart Stock Purchase Program In 2022 (Discounts, Quitting + More)
Walmart is a large corporation that can offer many benefits. This type of company is a well-oiled machine that offers big perks to its employees.
Walmart employees can take advantage of their Associate Stock Purchase Program, which many workers have as part of their benefits plan.
Is the Walmart Stock Purchase Program in 2022 Effective?
Walmart offers an employee option called The Walmart Associate Stock Buy Program as part of its Comprehensive Benefits Plan. Associate stock buyers who buy up to $1800 of Walmart stock annually receive a match up to 15 percent, up to $270 max. Employees can also sell stock for a fee at any moment.
What is Walmart’s Associates Stock Purchase Plan?
Walmart offers an associate stock option as part of its employee benefits plan.
The plan is totally optional, but employees who do participate can count on the value of their stock holdings and up to a 15 percent match from Walmart for the first $1,800.
This match takes the place of what many other employee stock purchase programs (ESPPs) offer, which is a discount on stock purchases.
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 may also sell their stock anytime. According to an employee however, there are fees of $25.50 and a five cent per share.
Finally, Walmart also pays yearly dividends, to the tune of $2.20 per share, an increase for the 48th straight year.
Walmart Employees: How do you purchase stock?
Walmart makes it simple and easy for associate stock purchase plan members to sign up.
Computershare allows interested buyers to buy directly by opening an account.
SmartAsset.com explains that Computershare has no price controls – instead, you have to accept what Computershare charges for the shares.
Computershare may also sell shares to you for any amount you wish, if necessary.
For those who are new to investing, this may work for them.
Create a new Computershare account by logging in to the Walmart associate portal.
Walmart now offers access to stock accounts for associates through their employee OneWalmart site.
Walmart Employees get Discounts on Stock Purchases
Walmart employees are not eligible for discounts when they purchase stock, unlike other companies.
Walmart instead matches 15% of all investments above $1,800. An associate who invests at least $1,800 will receive $270.
Walmart’s match system will reduce the amount of compensation that associates invest, however they will still be able to benefit.
Walmart buys stock from employees?
Walmart does match employee stock purchases.
Walmart provides a matching 15 percent discount for up to $1,800, so employees are able to purchase stock up to the value of $125,000.
Walmart offers $270 per matching agreement to associates who invest at least $1,800.
Even though they will get less in return, investors who are less than those amounts can still benefit from the matching benefits.
What is the average time it takes to get a check from Walmart stock?
Sapling.com says that it takes approximately 10 business days for Walmart to send you a check once your stocks have been liquidated.
Direct deposits are a bit faster, at two or three business days.
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.
Is Walmart stock affected by your decision to quit?
Walmart stocks accounts are still possible to keep even if your quit.
A $35 annual maintenance fee is required. However, you are allowed to continue cash transactions through your account as long as necessary.
But if you’d rather cash out and get your money, you can do that, too. Simply sell the shares, and then wait for your direct deposit or check.
It’s a smart move to take all of the shares that are associated with your account and sell them when you have been paid.
Walmart bonuses are available. You may also be interested in these related posts: Walmart employees discount and Walmart paying weekly.
Walmart Associate Stock purchase Plan, a 15% investment match program, allows Walmart employees up to $125,000 each year to buy stock.
Walmart will match up to $1 800 in investments at a 15-percent rate. This gives you a maximum amount of $270 and guarantees dividends at $2.20 per Share.
This is a great way for employees to “own” a little piece of the company and share in its unprecedented success.
If I quit, what happens to my Walmart stocks?
If you quit, what happens to Walmart stock? Your Walmart stock account is still possible to keep even after you have quit. There is a $35 annual maintenance charge, however you can make cash purchases from the account for as much time as you wish.
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. Once you have reached the length of your service milestone, your current discount card will convert automatically to a Long Term Service Discount Card. After you retire, it will still be valid.
What is the best way to cash out my Walmart stock?
Call Computershare, Walmart’s transfer agent at 1-800-438-6278, toll-free. A customer service representative will ask you to verify your identity, which may include providing your employee identification number along with your Social Security number and date of birth.
Should I sell My Walmart Stocks?
Walmart stock doesn’t make sense right now. It drastically underperformed S&P 500 in 2021, so has a lot of ground to make up in 2022. In addition, Walmart stock is unlikely to be a huge winner due to its fundamentals, which are not outstanding.Jan 3, 2022
.Walmart Stock Purchase Program In 2022 (Discounts, Quitting + More)
