Department of Labor filing

LOWES COMPANIES INC

LOWES 401(K) PLAN · For the plan year ended Dec 31, 2024

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Public filing 2024 · received Jul 11, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

49filing comparison
out of 100

The filing looks broadly typical among comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$741

Reported employer contributions per active participant.

Higher than about 28% of comparable plans

#People in the filing

263,650

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$4 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 98% of comparable plans

↗Investment performance

Not available

Plan assets changed 5.9%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202449out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions28th percentileTypical peer $2,064 · based on 4,083 comparable plans

Lower reported administrative expense98th percentileTypical peer $59 · based on 4,062 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, LOWES COMPANIES INC reported $195,258,548 in employer contributions across the plan and 263,650 active participants. That works out to $741 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy89%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 2.2%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 11.0%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context49/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $195,258,548
Participant contributions: $416,792,880
Other contributions: Not reported
Employer share of reported contributions: 31.9%
Beginning assets: $8,108,634,836
Ending assets: $8,584,946,338
Ending net assets: $8,584,946,338
Ending liabilities: $0
Total income: $1,598,297,227
Total expenses: $1,121,985,725
Administrative expenses: $1,136,505
Participant loans: $97,708

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$724

2023

$735

2024

$741

Plan-paid administrative expenses per participant

2022

2023

2024

Active participants

2022

275,854

2023

266,998

2024

263,650

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$741	263,650	8.6B	20250711181121NAL0006540737001
2023	$735	266,998	8.1B	20240624091305NAL0005840817001
2022	$724	275,854	7.4B	20230627164023NAL0004977937001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.0%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 560578072-003

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Feb 1, 1984
Industry: Retail trade
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2G2J2K2T2F2O

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
AON HEWITT	2024	Not reported	unknown
DODGE & COX	2024	Not reported	unknown
GALLIARD CAPITAL MANAGEMENT, LLC	2024	Not reported	unknown
SEI TRUST COMPANY	2024	Not reported	unknown
STATE STREET GLOBAL ADVISORS	2024	Not reported	unknown
VANGUARD	2024	Not reported	unknown
WELLINGTON MANAGEMENT	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20250711181121NAL0006540737001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗