Walmart here I come!

Vesting

The vested percentage of your accounts is the portion you may withdraw if you leave the company. All amounts in your 401(k) account are 100 percent vested immediately. If you were employed before Feb. 1, 2011, you may have a Profit Sharing Account. Effective Jan. 31, 2008, the vesting schedule on Profit Sharing accounts was reduced to a six year schedule. Any participant who left the company before Jan. 31, 2008 was subject to the seven year graded schedule.


Years of service Vest %
< 2 0%
2 20%
3 40%
4 60%
5 80%
6 100%

You must work at least 1,000 hours during the Plan year to get a year of service credit toward your vesting. Your vesting is not based upon your anniversary date with the company. If you leave the company because of retirement at age 65 or later, or due to total and permanent disability or death, your Profit Sharing will be 100 percent vested regardless of your years of service.


Effective Feb. 1, 2011, you will also always be 100 percent vested in the money Walmart contributes to your Company Matching Account.


The above was from WalmartOne. To answer your question, you are 100% vested upon being eligible for matching 401(k) contributions. If you leave the company, you can withdraw or rollover the entire amount in your 401(k) account, including the matching funds from Walmart.

 

Thanks Tom good info

 

I added another paragraph to my last post to help differentiate between a 401(k) and other previous plans offered by Walmart, such as a profit sharing plan.

 

I had breakfast abt 3 wks ago with a senior driver. In this setting he explained how it was being with WMT since 1991. And man have I been hearing the same thing abt every place I've been since 2005. How this use to be a great company.

But my issue with that kind of statement is. How could a driver corps just stand by and allow a place to go down hill. I'm not familiar with the old Walmart. That Sam was so proud of. But the new Walmart that has arrived, via class action suits isn't loved by many.

There's a video on YouTube saying has Walmart become the next swift of recruiting. And that may be true sometimes. As i never knew wmt went to advertise hiring until I saw them in truck papers 4-5 yes ago.

Or as some of the guys leave there trash behind in the shower stalls. And also walking around with shirt tail untucked. Or as I saw one guy actually sagging his pants.

Additionally they actually post the driver salary to the website. Witch older drivers mentioned they had to sign confidential paperwork saying they never would part there lip abt pay.

Some filters are still in place to avoid a b/s driver. But not as many as there was in the past. However I do wonder what's the future of wmt with the camera devices dwn the road.

 

From reading this thread, I still don't think it is very easy to get hired on at WMT. Hundreds of applications and only single digit number of drivers get hired on out of those.

From what I understand if you're breathing you can get hired on at a mega carrier. Walmart transportation is still a blue blood when it comes to reputation and I don't see that changing anytime soon no matter where or how they advertise jobs openings, the proof is still in the quality of the driver they hire not the ones applying.

As far as appearance of drivers go,have you spent any time around a Pilot lately?

 

Things change. There is no choice. Walmart had to start advertising to get drivers. They are an older fleet, and have had huge amounts of retirements in the last few years. Their actual turnover is very small, and most will retire from driving with WM.

Some of the real senior drivers went from being big time over the road truck drivers, to hopping from DC to store to store to store. This happened by necessity as more DC's and stores were built. Some don't like that. Some don't like that the company has to protect itself from that percentage of the population that is dying (j/k) to have a lawsuit with WM. It is just the reality of today. WM Transportation had to change with the times.

If you want to see how "lax" they are at hiring, look at their safety scores. They are amazing for a carrier of this size. They still treat the drivers great, and with respect, and actually listen to what they say. The pay if great also, plus you never have to worry about inspections as the trucks are maintained perfectly and anything you need done is taken care of. There is no worry about job stability either.

Remember that in every workplace, there are "those" guys. The ones who are never happy with anything. They are the chronic complainers who constantly pine for days gone by. We avoid those people, and worry about the worst aspect of the job, which is dealing with the driving public. Of course, you can choose to believe what you wish.

 

I can't speak for other D.C.'s but mine was nice because they split up orientation during the first week. we had the first 3 days of classroom then the last two days, Thursday and Friday we rode with our mentor as a ride along only. Talking to my fellow classmates it was different from trainer to trainer at night, mine slept in the room with me, in separate beds. While others had the trainer sleep in the truck and they had the room to themselves. During orientation we had our own rooms at the motel. Then on the second week we started with two days of classroom, then the last three days of the week with the trainer and me doing all the work and driving. They ask the us in class if we were smokers and non-smokers so that they can match us up with a like trainer. Just bring change of clothes for the days you're out you'll get to shower everyday, I packed awfully light, bring a small attaché case or book carrying case or backpack whatever you want to help carry all the paperwork that you will get in class. I'm not sure other DC's split up the driving/classroom during the week but it was popular with us cuz it broke up the classtime monotony. We got our full pay while with the trainer, even when he drove, I got all the miles and activity pay. Classroom was $14/hr based on $10hr/day.

 

Thanks. Luckily I only stay 15 miles from the DC so I won't need the room for orientation. Our orientation is Monday thru Friday and we then do the week with the trainer.