401(k) · DOL Form 5500 · 2024

Lowe's Companies, Inc. 401(k) Plan

Data updated 2026-08-25

$8.6B
Total assets Very large vs avg
280,261
Participants Very large workforce
100th
Percentile by assets National rank
$30,632
Avg per participant Low balance/head
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Official DOL plan name: Lowes 401(k) Plan · Sponsored by Lowe's Companies, Inc. · North Carolina · Retail Trade

$8.6B in assets, 280,261 participants

Lowe's Companies, Inc.'s Lowes 401(k) Plan reported $8.6B in total assets and 280,261 participants in its 2024 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.

  • #8,040 in Retail Trade (8,048 peers)

Coverage in North Carolina

Lowes 401(k) Plan covers 280,261 participants in North Carolina, 342x the typical North Carolina plan (state average ~819 per filing). Assets: $8.6B.

#8,040
in Retail Trade (8,048 peers)
+5.9%
assets growth YoY
86×
vs typical plan assets (national mean)

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 2024 · DOL Form 5500

$8,584,946,338 Highest reported value at or above every one of 123,620 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 2024

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

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Lowes 401(k) Plan is a mega filing (280,261 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Lowes 401(k) Plan reported net income fell from $753M in the plan year 2023 filing to $476M in the plan year 2024 filing.
  • Lowes 401(k) Plan end-of-year assets rose from $8.1B in the plan year 2023 filing to $8.6B in the plan year 2024 filing.
  • Lowes 401(k) Plan reported participants fell from 295,676 in the plan year 2023 filing to 280,261 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 560578072 · Lowe's Companies, Inc. PY 2024 · 401(k)

Lowes 401(k) Plan · $8.6B · 280,261 · 100th

  • 5500 $8.6B
  • 5500 280,261
  • 5500 100th
  • 5500 401(k)
  • 5500 near Astrazeneca Savings and Security Plan
  • 5500 ind #8040

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

Trinet 401(k) Plan$8.7BTenet Healthcare Corporation 401(k) Retirement Savings PlanTenet Healthcare Corporation…$8.7BAstrazeneca Savings and Security PlanAstrazeneca Savings and Secu…$8.6BLowes 401(k) Plan$8.6BSanofi U.S. Group Savings PlanSanofi U.S. Group Savings Pl…$8.5B
End-of-year total assets ($B) among Lowes 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$8.1B
Net Assets (End of Year)$8.6B
Net Income$476M
Employer EIN560578072
Plan Effective Date1984-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Lowe's Companies, Inc.)

Sponsor-wide plan assets over time

All Lowe's 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 020406080 Total assets ($B) Participants Lowes 401(k) Plan, Total assets ($B): 8.584946338 · Participants: 280261Lowes 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retirement Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Profit Sharing and Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Corporation 401(k) 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 $8.6B in end-of-year assets across 280,261 participants (0.070% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.30% of 93,925,755 covered participants) - about $30,632 per participant (22% of the national average assets-per-participant) . Net income for plan year 2024 was $476M.

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 Open filing
2023 295,676 $8.1B Open filing
2024 · index core 280,261 $8.6B This page

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 Astrazeneca Savings and Security Plan in DE ($8.6B); by covered participants it is The Tjx Companies, Inc. 401(k) Savings Plan in MA (285,277 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($8.6B here).

Similar participant headcount

Nearest other-state filings by covered participants (280,261 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Lowes 401(k) Plan grew at a solid clip - up 5.9% during 2024, from $8.1B to $8.6B. Reported net income was $476M.
How have Lowe's Companies, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Lowe's 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 123,622 plans that reported assets for plan year 2024 (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 Astrazeneca Savings and Security Plan in DE ($8.6B, 17,175 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 The Tjx Companies, Inc. 401(k) Savings Plan in MA (285,277 participants, $3.7B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.