401(k) · DOL Form 5500 · 2024
Lowe's Companies, Inc. 401(k) Plan
Data updated 2026-07-24
- $8.6B
- Total assets
- 280,261
- Participants
- 100th
- Percentile by assets
- $30,632
- Avg per participant
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.
- 100th percentile by assets (of 116,472 plans)
Coverage in North Carolina
Lowes 401(k) Plan covers 280,261 participants in North Carolina, 331x the typical North Carolina plan (state average ~846 per filing). Assets: $8.6B.
- $8.6B
- total plan assets (2024 EOY)
- 280,261
- covered participants
- 100th
- percentile by assets (of 116,472 plans)
- $30,632
- avg assets per participant
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.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 846 participants across 3,325 plans. Lowes 401(k) Plan reports 280,261 participants - 331x that state average ($8.6B EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $8.1B |
|---|---|
| Net Assets (End of Year) | $8.6B |
| Net Income | $476M |
| Employer EIN | 560578072 |
| Plan Effective Date | 1984-02-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Lowe's Companies, Inc.)
| 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
- The Bank of America 401(k) Plan $62.9B · 168,963
- Honeywell 401(k) Plan $16.3B · 39,468
- Duke Energy Retirement Savings Plan $11.3B · 27,341
- Nucor Corporation Profit Sharing and Retirement Savings Plan $9.3B · 27,070
- Truist Financial Corporation 401(k) Savings Plan $9.2B · 52,699
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Lowes 401(k) Plan by total assets, not by location.
- Astrazeneca Savings and Security Plan (DE) $8.6B · 17,175
- Sanofi U.S. Group Savings Plan (NJ) $8.5B · 13,765
- Tenet Healthcare Corporation 401(k) Retirement Savings Plan (TX) $8.7B · 107,575
- Trinet 401(k) Plan (CA) $8.7B · 220,583
Frequently Asked Questions
How did Lowes 401(k) Plan assets move in 2024? ▼
How have Lowe's Companies, Inc. plan assets changed over time? ▼
Where does Lowes 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Lowes 401(k) Plan? ▼
Next read for Lowes 401(k) Plan
Filing takeaways
Ways to act on Lowes 401(k) Plan's numbers.
- By total assets, Lowes 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in North Carolina. Compare plans
- Lowe's Companies, Inc.'s sponsor-wide assets have grown 16.7% since 2022 across 3 plan years on file. More Retail Trade plans
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.