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Grade My 401(k)
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1 issue

Lowe's Companies, Inc.

56-0578072· Mooresville, NC· Principal· 2025 filing· vs 2 plans your size
C
0/100
Overall grade

Middle of the pack, with clear ways to do better.

B
Fees
C
Financial Wellness
D
Plan design
B
Compliance
Fees

Your plan pays around 3 bps of assets per year. Similar plans pay around 10 bps. Your plan is cheaper than about 77% of similar plans.

B
cheaper23th percentilepricier
Financial Wellness

Below-average savings. Employees put away $1,502/employee a year. That's less than 65% of similar plans.

C
lower35th percentilehigher
Plan design

Good base, but no automatic enrollment. That's the top thing to add.

D
Employer match
The plan matches employee contributions, the single strongest driver of participation and savings.
Profit sharing
The employer also makes profit-sharing contributions on top of the match.
No automatic enrollment
Employees have to opt in themselves. Auto-enrollment is the easiest way to lift participation, and most newly started plans are now required to include it.
Safe harbor not reported
The filing does not establish whether this plan uses a safe harbor design, so it does not affect the grade.
Default investment (QDIA)
Employees who never pick investments land in a sensible default, usually a target-date fund, instead of cash.
No brokerage window
Employees can only invest through the plan's core fund menu. A brokerage window opens the wider market for people who want more control.
Compliance & health

1 item to review, nothing critical.

B
Fidelity bond below 10% of BOY assets, ERISA 412 violation
The reported ERISA fidelity bond is below the 10%-of-assets guideline based on beginning-of-year assets. Fast-growing plans can look under-bonded on paper; confirm against the plan's current bond coverage.
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Principal

No provider notes available.

Key insights

  • Strongest area: compliance & health. 1 item to review, nothing critical.
  • Best place to improve: plan design. Good base, but no automatic enrollment. That's the top thing to add.
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