The weighted mean matrix $M_a$ is the triangular matrix $\{a_k/A_n\}$, where $a_n > 0$ and $A_n := a_1 + a_2 + \cdots + a_n$. It is proved that, subject to $n^c a_n$ being eventually monotonic for each constant $c$ and to the existence of $\alpha := \lim \frac{A_n}{na_n}$, $M_a \in B(l_p)$ for $1 < p < \infty$ if and only if $\alpha < p$.