401(k) · DOL Form 5500 · 2022

Lowes Companies Inc 401(k) Plan

Data updated 2026-08-25

$7.4B
Total assets Very large vs avg
284,864
Participants Very large workforce
100th
Percentile by assets National rank
$25,823
Avg per participant Low balance/head
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Official DOL plan name: Lowes 401(k) Plan · Sponsored by Lowes Companies Inc · North Carolina · Retail Trade

$7.4B in assets, 284,864 participants

Lowes Companies Inc's Lowes 401(k) Plan reported $7.4B in total assets and 284,864 participants in its 2022 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #9,511 in Retail Trade (9,519 peers)

Coverage in North Carolina

Lowes 401(k) Plan covers 284,864 participants in North Carolina, 348x the typical North Carolina plan (state average ~819 per filing). Assets: $7.4B.

#9,511
in Retail Trade (9,519 peers)
-22.3%
assets change YoY
74×
vs typical plan assets (national mean)

The plan reported a net loss of $2.1B for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Lowes 401(k) Plan's outsized position by total assets

Lowes 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$7,355,936,526 Highest reported value at or above every one of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Lowes 401(k) Plan's mega-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Lowes 401(k) Plan is a mega filing (284,864 participants), the rightmost band on the breakdown.

Plan-year Form 5500 strip

Filing strip 560578072 · Lowes Companies Inc PY 2022 · 401(k)

Lowes 401(k) Plan · $7.4B · 284,864 · 100th

  • PHOTO $7.4B
  • IND 284,864
  • EOY 100th
  • 5500 401(k)
  • ASSETS near The Kroger Co. 401(k) Retirement Savings Account Plan
  • PCT ind #9511

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Retail Trade retirement plans → · Plans in North Carolina →

Lowes 401(k) Plan in the asset neighbourhood

Hewlett Packard Enterprise 401(k)PlanHewlett Packard Enterprise 4…$7.4BUnited Airlines 401(k) Savings PlanUnited Airlines 401(k) Savin…$7.4BLowes 401(k) Plan$7.4BThe Kroger Co. 401(k) Retirement Savings Account PlanThe Kroger Co. 401(k) Retire…$7.3BT-Mobile USA, Inc. 401(k) Retirement Savings Plan & TrustT-Mobile USA, Inc. 401(k) Re…$7.3B
End-of-year total assets ($B) among Lowes 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

North Carolina filing particulars

Total Assets (Beginning of Year)$9.5B
Net Assets (End of Year)$7.4B
Net Income-$2.1B
Employer EIN560578072
Plan Effective Date1984-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Lowes Companies Inc)

Sponsor-wide plan assets over time

All Lowes Companies Inc plans reported in each filing year

Latest sponsor-wide plan assets
$8.6B 16.707727257514946% vs 2022
2024 filing year
$7B$7.5B$8B$8.5B$9B 202220232024 $7.36B $8.58B ▲ +16.6%
Year Plans Participants Total Assets
2022 1 284,864 $7.4B
2023 1 295,676 $8.1B
2024 1 280,261 $8.6B

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Lowes 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. 0100000200000300000 01020304050 Total assets ($B) Participants Lowes 401(k) Plan, Total assets ($B): 7.355936526 · Participants: 284864Lowes 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 47.134026012 · Participants: 169036The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 14.565715066 · Participants: 39007Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 9.364902 · Participants: 27731Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 8.965353965 · Participants: 51871Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 6.904286956 · Participants: 21030Nucor Corporation Profit Sharing and Retirement Savings Plan
Lowes 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Lowes 401(k) Plan side-by-side with 3 peers →

Scale composition for Lowes 401(k) Plan

Lowes 401(k) Plan reports $7.4B in end-of-year assets across 284,864 participants (0.060% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.30% of 93,925,755 covered participants) - about $25,823 per participant (19% of the national average assets-per-participant) . Net income for plan year 2022 was -$2.1B.

This plan identity (EIN 560578072, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $7.4B to $8.6B (+16.7%) while covered participants moved from 284,864 to 280,261 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 284,864 $7.4B This page
2023 295,676 $8.1B Open filing
2024 · index core 280,261 $8.6B Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Lowes 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is The Kroger Co. 401(k) Retirement Savings Account Plan in OH ($7.3B); by covered participants it is Adp Totalsource Retirement Savings Plan in FL (287,453 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($7.4B here).

Similar participant headcount

Nearest other-state filings by covered participants (284,864 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Lowes 401(k) Plan assets move in 2022? ▼
Lowes 401(k) Plan declined sharply - down 22.3% during 2022, from $9.5B to $7.4B. Reported net income was -$2.1B.
How have Lowes Companies Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Lowes Companies Inc's sponsor-wide assets grew 16.7%, from $7.4B to $8.6B.
Where does Lowes 401(k) Plan rank by assets among Form 5500 filers? ▼
Lowes 401(k) Plan ranks in the 100th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Lowes 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Kroger Co. 401(k) Retirement Savings Account Plan in OH ($7.3B, 116,133 participants).
Which 401(k) plans cover a similar participant headcount to Lowes 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Adp Totalsource Retirement Savings Plan in FL (287,453 participants, $6.7B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 560578072.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.