Lowes 401(K) Plan — Form 5500 plan (Lowes Companies Inc)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Lowes 401(K) Plan is a benefit plan reported by Lowes Companies Inc under EIN 56-0578072 and plan number 003. The latest loaded filing year is 2023. The filing reports 332,243 participants and $8,108,634,836 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Lowes Companies Inc
EIN
56-0578072
Plan number
003
Plan type
2
Location
Mooresville, NC
Latest filing year
2023
Participants
332,243
End-of-year plan assets
$8,108,634,836

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023332,243H, C20240624091305NAL0005840817001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$8,108,634,836
Total liabilities (EOY)
$0
Net assets (EOY)
$8,108,634,836
Net assets (BOY)
$7,355,936,526

Income & contributions

Employer contributions
$196,357,009
Participant contributions
$418,068,990
Total contributions
$614,425,999
Total income / additions
$1,703,214,501

Expenses & distributions

Benefits paid
$949,340,558
Administrative expenses
$1,175,633
Total expenses
$950,516,191
Net increase / (decrease)
$752,698,310

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$1,175,633$02023
Metropolitan Life Insurance CompanyNONE$94,421not reported in the loaded dataset2023

Related Form 5500 pages