Can someone explain how much we can buy Walmart stocks on 15% discount basis , I read in my offer that "The matching company contribution is currently 15 percent of the first $1,800 you contribute to the Plan by payroll deduction, or up to $270 per Plan year.". Does that mean Anyone will get 270$ discount on yearly basis? I dont know if this is really a benefit? Can someone explain if I am missing anything on it .
Looks like Walmart gives a $270 match on top of your contributions
Yes that’s what I understand, thank you
So basically whatever an employee invests in aspp after 1800 the max advantage that they can get in a year is of 270$ worth free contribution from Walmart So unless u wanna purchase more stocks it just makes sense to buy 1800$ worth of stocks using Aspp and take advantage of those free 270$ Rest if u spend extra it’s as good as buying stocks from outside. Is my understanding correct?
It sounds like ESPP https://www.investopedia.com/terms/e/espp.asp#:~:text=An%20employee%20stock%20purchase%20plan%20(ESPP)%20is%20a%20company%2D,date%20and%20the%20purchase%20date.
No it is not ESPP , it is ASPP
Same thing either way. @op.. I too was underwhelmed when I saw that. Total $270 worth of stocks for any amount >= $1800 that you put in the plan a year. That's not much.