2023 Form 5500 filing — Lowes 401(K) Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240624091305NAL0005840817001) for Lowes 401(K) Plan, reported by Lowes Companies Inc under EIN 56-0578072 and plan number 003. It reports 332,243 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240624091305NAL0005840817001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Lowes Companies Inc
- EIN
- 56-0578072
- Plan number
- 003
- Location
- Mooresville, NC
- Participants
- 332,243
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $8,108,634,836
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,108,634,836
- Employer contributions
- $196,357,009
- Participant contributions
- $418,068,990
- Total income / additions
- $1,703,214,501
- Benefits paid
- $949,340,558
- Administrative expenses
- $1,175,633
- Total expenses
- $950,516,191
- Net increase / (decrease)
- $752,698,310
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $1,175,633 | $0 |
| Metropolitan Life Insurance Company | NONE | $94,421 | not reported in the loaded dataset |