Lowe's Companies 401(k) match, vesting and fees
What Lowe's Companies' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Deloitte & Touche LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 22 defined-contribution plans in retail trade with 50,000 or more participants.
| Lowe's Companies: employer contribution per participant | $1,389 | |
| Peer median | $1,179 |
| Lowe's Companies: average balance | $61,071 | |
| Peer median | $58,043 |
| Lowe's Companies: admin expenses ÷ assets | 0.01% | |
| Peer median | 0.09% |
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 $8.1B at the end of plan year 2023 to $8.6B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 295,951 | $8.6B | $195M | $1,389 | 0.01% | Not published | Form 5500 ↗ |
| 2023 | 302,895 | $8.1B | $196M | $1,331 | 0.02% | Not published | Form 5500 ↗ |
Common questions
Does Lowe's Companies match 401(k) contributions?
The match terms for the Lowes 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $195M in employer contributions, about $1,389 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Lowe's Companies 401(k) match vested?
The vesting schedule for the Lowes 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Lowe's Companies 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Lowes Administrative Committee.
I left Lowe's Companies. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Lowes Administrative Committee, (704) 758-1000) or the recordkeeper, Principal Life Insurance Company. The Lowe's Companies old 401(k) page lists the contacts from every plan filing. Find an old Lowe's Companies 401(k)
Data from the public Form 5500 annual reports Lowe's Companies filed with the U.S. Department of Labor (plan years 2023 and 2024) 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 Lowe's Companies. Not financial advice. Report a correction · Methodology