The 401(k) plan helps you plan and invest for your future. You’re eligible to participate six months after your original date of hire.

How much can be invested:

  • You can contribute from 1% to 50% of your eligible compensation, up to $18,000 in the 2016 calendar year. Your contributions are made on a pre-tax basis using convenient payroll deduction.
  • Lowe’s matches 100% of the first 3% of eligible compensation you contribute, 50% of the next 2% of eligible compensation you contribute, and 25% of the next 1% of eligible compensation you contribute.

Here is a breakdown of the contributions:

Your Contribution: Lowe's Match:
1% of compensation1%
6% of compensation or higher4.25%


Your Investment Choices

Lowe’s offers simplified investment options to include professionally managed funds, Target Date funds or the Lowe’s Stock fund. You may choose from funds with built-in diversification featuring a blend of asset classes acting independently to achieve the fund’s objective. This means you can choose one fund among our four objective-based funds or Target Retirement Date funds and be assured of a diversified investment choice. We understand that you may want to own a part of Lowe’s so the Lowe’s Stock Fund is also an investment option. Lowe’s company matching contributions are invested the same way your contributions are invested.

Making a Catch-Up Contribution

For any plan year that you are age 50 or older, you may make up to an additional $6,000 (based on calendar year 2014) “catch-up” contribution to the plan.

About Rollovers

You can roll over funds distributed from a former employer’s qualified retirement plan or regular pre-tax individual retirement account (IRA). Rollover contributions are not matched. After-tax Roth IRAs are not eligible for rollover into the Lowe’s 401(k) plan. Rollover forms are available on My Lowe’s Life.