Lowe's 401K Plan

3.92 out of 5 (50 comments)

This article is about Lowe's 401K Plan in US

Lowe's has a 401(k) offering in which employees can contribute 1-50% of eligible compensation. This cannot exceed $17,000, or $23,000 for employees over age 50. Lowe's will match the first 3% (deferred).

This information about the 401K Plan benefit at Lowe's is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of Lowe's. The description here may not reflect the current Lowe's 401K Plan benefit.

128 of 128 employees (100%) reported this benefit.
Last Edited 07/21/14

Employee Comments

  • Dec 27, 2014
    Current Employee in Richmond, Virginia

    Match up to three percent

  • Dec 16, 2014
    Current Employee in Muskegon, Michigan

    Matching with diminishing returns up to 6%. I wish there were more choices in the funds though.

  • Dec 9, 2014
    Current Electrical Pro in Hackettstown, New Jersey

    Lowes matches dollar per dollar up to a certain percentage

  • Dec 9, 2014
    Current Employee in Columbia, South Carolina

    They match you dollar for dollar up to 5 percent

  • Dec 4, 2014
    Current Unload Associate in Lansing, Michigan

    I don't participate due to my income. That will probably change if I ever become full-time.

  • Dec 2, 2014
    Current Employee in Kingsport, Tennessee

    The plan is OK but you should be able to borrow against your plan as many companies do. And allow you to repay yourself

  • Dec 2, 2014
    Current Employee in Bakersfield, California

    great plan company match up to 6

  • Nov 28, 2014
    Current Employee in Cleveland, Ohio

    Company matches up to 5% and you can choose which companies you invest in. Can choose many different ones to equal 100%

  • Nov 24, 2014
    Former Loader in Westland, Michigan

    it was standard and acceptable and if you want a 401k plan and are offered lowes 401k plan than take lowes 401k plan. compared to home depot, it's a lot better

  • Nov 23, 2014
    Former Employee in Phoenix, Arizona

    Generous company match, no fees, ability to move investments among a very large list of funds at any time, elect percentages to be allocated to selected funds and be able to change at any time.

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