1146 employees reported this benefit
Lowe's offers a 401(k) Plan in which employees can contribute 1% to 50% of eligible compensation. This cannot exceed $18,000 in calendar year 2015. Lowe's also includes a matchiing structure based on the level of employee contribution.
Company matches up to 6%
Matches up to 10% company match. You take charge of your 401K.. Not too much instruction given to individuals once hired.
An ok plan where they have a tiered matching system to match up to a certain amount of what you first put in but only percentage of it.
Minimal. Small contribution. No company match or contribution. Get supplemental 401 k elsewhere. Save save save.
Convenient plan with plenty of liberty; you have to intiate the plan yourself and contact the brokerage house to open the trading account. You can elect to contribute through your Bi-weekly pay check or make individual contributions on your own. I wouldn't advise taking this unless you are taking home $40,000+ from Lowe's, though.
Only have one choice for mutual fund on 401 k plan and stopped matching 6% contribution dollar for dollar
They match up to 60% in Lowes stock though currently it's hard to reallocate funds
stock has been flat so take the match and invest in somethingelse
The company match of 4.5% for an employee contribution of 6% is pretty good, though I've had 100% matches up to 7% before. Lowes should at least match the full 6%.
Lowe's matches up to 6% of every penny you put into your 401K! Take advantage at the earliest possible time of eligibility.