Lowe's Employee 401K Plan | Glassdoor

Lowe's 401K Plan

Updated Feb 12, 2015

1146 employees reported this benefit

3.9
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Employer Summary

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.


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Employee Comments

Showing 1–10 of 242
  • Mar 22, 2017
    Star Star Star Star Star Former Employee in Mooresville, North Carolina

    Company matches up to 6%

  • Mar 08, 2017
    Star Star Star Star Star Former Employee in San Antonio, Texas

    Matches up to 10% company match. You take charge of your 401K.. Not too much instruction given to individuals once hired.

  • Mar 07, 2017
    Star Star Star Star Star Former ASM- Assistant Store Manager in Raynham, Massachusetts

    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.

  • Mar 04, 2017
    Star Star Star Star Star Current Employee in Dallas, Texas

    Minimal. Small contribution. No company match or contribution. Get supplemental 401 k elsewhere. Save save save.

  • Mar 04, 2017
    Star Star Star Star Star Former Forklift Operator in Amarillo, Texas

    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.

  • Feb 25, 2017
    Star Star Star Star Star Current plumbing pro in Fort Wayne, Indiana

    Only have one choice for mutual fund on 401 k plan and stopped matching 6% contribution dollar for dollar

  • Feb 18, 2017
    Star Star Star Star Star Current Department Manager Lowes in Estero, Florida

    They match up to 60% in Lowes stock though currently it's hard to reallocate funds

  • Feb 14, 2017
    Star Star Star Star Star Current Delivery Driver in Chesapeake, Virginia

    stock has been flat so take the match and invest in somethingelse

  • Feb 14, 2017
    Star Star Star Star Star Former ASM- Assistant Store Manager in Missoula, Montana

    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%.

  • Feb 14, 2017
    Star Star Star Star Star Former ASM- Assistant Store Manager in Austin, Texas

    Lowe's matches up to 6% of every penny you put into your 401K! Take advantage at the earliest possible time of eligibility.


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