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.
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