Lowes 401(k) Plan

401(k) · DOL Form 5500 · 2022

What the Filing Says About Lowes 401(k) Plan

Lowes 401(k) Plan is a 401(k) retirement plan sponsored by Lowes Companies Inc, headquartered in North Carolina. According to the U.S. Department of Labor's 2022 Form 5500 filing, the plan reports $7.4B in total end-of-year assets and covers 284,864 participants across the Retail Trade industry. The sponsor's EIN on file with the U.S. Department of Labor is 560578072, and the plan has been effective since 1984-02-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets declined sharply from $9.5B at the beginning of 2022 to $7.4B at year-end - down 22.3%. Net assets (after liabilities) closed the year at $7.4B, with reported net income of -$2.1B driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Across the 3 plan years Lowes Companies Inc has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $7.4B to $8.6B, a gain of 16.7%, while reported participants moved from 284,864 to 280,261 (-1.6%). The strongest year on file by total sponsor assets was 2024 at $8.6B; the softest was 2022 at $7.4B. Year-by-year, sponsor-wide filings show: 2022 - $7.4B in assets across 1 plan covering 284,864 participants; 2023 - $8.1B in assets across 1 plan covering 295,676 participants; 2024 - $8.6B in assets across 1 plan covering 280,261 participants.

By assets, Lowes 401(k) Plan outranks nearly all the 139,258 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 74x the national average plan size of $100M and 730 average participants.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

How the percentile is calculated: we count every plan that filed a 2022 Form 5500 with a reported end-of-year asset figure (139,258 plans), rank Lowes 401(k) Plan against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.