Walmart's ASPP Is Moving to Merrill: Here's What You Need to Know Before July 31

If your inbox has been filling up with emails about Walmart's Associate Stock Purchase Plan (ASPP), you may be wondering whether there's something you need to do before the program transitions from Computershare to Merrill.

For most associates, the answer is simple: probably not.

Unless you were already planning to sell shares or make changes to your payroll contributions, your account, existing shares, and current contribution elections will transfer automatically. The biggest thing to know is that beginning July 31, the ASPP will enter a temporary blackout period while the transition takes place. During that time, you won't be able to access your account or make certain changes until the transition is complete.

What's Changing?

From July 31 through August 20, Walmart's ASPP will transition from Computershare to Merrill. Beginning on or about August 21, associates will access their accounts through Merrill's Benefits OnLine website and mobile app.

The move is intended to create a more streamlined experience by bringing the ASPP and Walmart's 401(k) under the same provider. According to Walmart's transition materials, Merrill is expected to eliminate online trading commissions for Walmart shares in the ASPP. Other fees or charges may still apply. Review Merrill's current fee schedule for details.

Based on Walmart's transition materials, the ASPP's core features including payroll contributions, contribution limits, and the company match are expected to remain unchanged.

Do You Need to Take Action?

For most associates, no action is required.

However, if you were already planning to make changes to your account before the transition, you'll want to act before the blackout period begins.

Specifically, July 30 is the last day to:

• Sell shares.
• Change your payroll contribution amount.

Beginning July 31, your account will be temporarily unavailable while it transfers to Merrill. During the blackout period, you won't be able to buy or sell shares, transfer shares, or make changes to your payroll contribution elections. Access to your account will return once the transition is complete on or about August 21.

Associates with unique circumstances such as a P.O. Box address or certain joint account arrangements may have additional requirements and should review Walmart's transition communications carefully.

What to Expect After the Transition

Once your account is active at Merrill, you'll manage your ASPP through the Benefits OnLine website or mobile app. You'll also be able to update payroll contributions, manage your account, and sell shares through the new platform once the blackout period has ended

A Good Reminder to Check on Your Financial Plan

While this transition is largely administrative, it can also serve as a helpful reminder to check in on your overall financial picture.

Changes like this often prompt us to log in to our accounts, review our benefits, and make sure everything is working as expected. As you're getting familiar with the new platform, consider taking a few extra minutes to review your broader financial plan. Are your savings still aligned with your goals? Have your financial priorities changed over the past year? Are your beneficiary designations and account information up to date?

Using moments like this to pause, review, and stay organized can help you feel more confident about your financial future.

If you have questions about how your employee benefits fit into your overall financial plan, consider speaking with a financial professional to evaluate your options based on your individual circumstances and goals.