LOWES 401(K) PLAN

At the end of 2022, the total retirement plan assets of LOWES 401(K) PLAN is $7,355,936,526.This plan was established in 1984.

At the end of 2022, the total number of retirement plan participants in LOWES 401(K) PLAN is 323642

In 2022, the average participant retirement account value for LOWES 401(K) PLAN is $22,728

In 2022, the estimated average employee contribution amount per participant for LOWES 401(K) PLAN is $1,281

In 2022, the estimated average employer match for an employee in LOWES 401(K) PLAN is approximately $617

In 2022, LOWES 401(K) PLAN allocates $199,849,706 to match its employees’ contributions, providing an employer match rate of 46.99% of their contributions

In 2022, the total retirement plan asset growth rate of LOWES 401(K) PLAN is -22.30%

In 2022, the estimated aggregate retirement account investment gain/loss for LOWES 401(K) PLAN is -18.65%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOWES 401(K) PLAN is 0.02%.

Enrollment Features

LOWES 401(K) PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.