Kohl's 401(k) match, vesting and fees
What Kohl's' 401(k) plan says about matching contributions
The Company contributes a safe harbor matching contribution that equals 100% of the first 5% of base compensation that a participant contributes to the Plan per pay period.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | 2024 audit report, p. 23 ↗ |
| Match vesting | Participants are vested immediately in their contributions plus actual earnings thereon. Vesting in the Company's discretionary profit-sharing contribution portion of their accounts is based on years of continuous service, as defined. A participant is 100% vested on Company matching contributions made after January 30, 2010. | 2024 audit report, p. 24 ↗ |
| Roth contributions | Participants also may designate all or a portion of their deferral contributions as after-tax contributions into a Roth account. | 2024 audit report, p. 23 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. The loans are secured by the balance in the participant's account. The loan interest rate, determined monthly, is set at the Prime rate, as listed in the Wall Street Journal on the first business day of the month in which the loan is taken, as defined in the plan document. | 2024 audit report, p. 24 ↗ |
| Independent auditor | Baker Tilly US, LLP (unmodified opinion, limited scope) | 2025 Schedule H ↗ |
| Plan type and status | 401(k) · Active | 2025 Form 5500 ↗ |
Match, vesting and other plan features are from the plan year 2024 filing's audit report (the latest one extracted so far). Rows cited to the Form 5500 and its schedules are from the plan year 2025 filing.
How the plan compares
Plan year 2025 medians for 20 defined-contribution plans in retail trade with 10,000 to 49,999 participants.
| Kohl's: employer contribution per participant | $1,453 | |
| Peer median | $1,637 |
| Kohl's: average balance | $70,548 | |
| Peer median | $62,166 |
| Kohl's: admin expenses ÷ assets | 0.00% | |
| Peer median | 0.10% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $2B at the end of plan year 2021 to $2.5B at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 58,746 | $2.5B | $51.4M | $1,453 | 0.00% | Not published | Form 5500 ↗ |
| 2024 | 63,271 | $2.3B | $54.7M | $1,461 | 0.00% | Quoted in the audit report, p. 23 ↗ | Form 5500 ↗ |
| 2023 | 66,189 | $2B | $53.7M | $1,391 | 0.00% | Not published | Form 5500 ↗ |
| 2022 | 66,091 | $1.8B | $51.5M | $1,306 | 0.00% | Not published | Form 5500 ↗ |
| 2021 | 67,921 | $2B | $51.7M | $1,262 | 0.00% | Not published | Form 5500 ↗ |
Common questions
Does Kohl's match 401(k) contributions?
The audit report attached to the Kohl'S Inc. Savings Plan's plan year 2024 Form 5500, page 23 says: “The Company contributes a safe harbor matching contribution that equals 100% of the first 5% of base compensation that a participant contributes to the Plan per pay period.” Plan terms may have changed; check your current Summary Plan Description.
When is the Kohl's 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 24 says: “Participants are vested immediately in their contributions plus actual earnings thereon. Vesting in the Company's discretionary profit-sharing contribution portion of their accounts is based on years of continuous service, as defined. A participant is 100% vested on Company matching contributions made after January 30, 2010.”
Who manages the Kohl's 401(k)?
The filing names Kohl'S Inc. as plan administrator; it does not list a recordkeeper.
I left Kohl's. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Kohl'S Inc., (262) 703-2173). The Kohl's old 401(k) page lists the contacts from every plan filing. Find an old Kohl's 401(k)
Data from the public Form 5500 annual reports Kohl's filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Kohl's. Not financial advice. Report a correction · Methodology