Plan Snapshot
- Plan Sponsor: Lowe'S Companies, INC.
- Sponsor EIN: 560578072
- Sponsor Address: 1000 LOWES BLVD, MOORESVILLE, NC, 28117
- Plan Type: 401(k)
- Total Participants: 263,650
- Total Assets: $8.6B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 263,650 | $8.6B | $195.3M | $416.8M |
| 2023 | 266,998 | $8.1B | $196.4M | $418.1M |
| 2022 | 275,854 | $7.4B | $199.8M | $425.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| DELOITTE & TOUCHE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DELOITTE & TOUCHE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,136,505 | — | $1,136,505 | — | — |
| 2023 | $1,175,633 | — | — | — | — |
| 2022 | $1,296,177 | — | — | — | — |