Employee Benefits May Include the following:

401k, Pension, Retirement, Retiree, Health Insurance, Medical, Vision, Dental, IRA, Competitive Base Pay, Quarterly Bonus, Paid Time Off, Weekly Pay, Medical, Dental, Vision, Insurance, Health Savings Account, Flexible Spending Accounts, Short-Term and Long-Term Disability, Paid Family Medical Leave, Bereavement, Jury Duty and Parental Leave, Life, Dependent and Accident Insurance, Critical Illness Insurance, Savings Plan 401(k), Company Paid Retirement Benefit, Employee Stock Purchase Plan, Paid Holidays, Flexible Spending Accounts (FSAs), Health Savings Account (HSA), Time Off and Flexible Days, Group Legal Plan, Group Home Auto Insurance, Pet Insurance, Employee Discounts, Adoption Reimbursement, Tuition Reimbursement and Student Loans, Well-Being Programs, etc…

Company Summary:

Lowe’s Companies, Inc., better known as Lowe’s, is an American retail company that specializes in home improvement. They have their headquarters located at Mooresville, North Carolina and operates a chain of retail stores across the US and Canada.

The first Lowe’s store, North Wilkesboro Hardware, opened in North Wilkesboro, North Carolina in 1921 by Lucius Smith Lowe. After Lowe passed away in 1940, his daughter, Ruth Buchan, inherited the business and sold it to her brother Jim Lowe, who took his brother-in-law Carl Buchan as his partner in 1943. World War II affected many homes and an increase in construction was anticipated and made them focus on hardware and building materials. 

Did you know?

In 1949, they bought a second location in Sparta, North Carolina. After Buchan died of a heart attack in 1961, the company had already opened six stores across North Carolina. His team then took the company public in 1961 under the name Lowe’s Companies Inc. Come 1962, Lowe’s ran 21 stores and had annual revenue of $32 million. As of February 2021, Lowe’s operates more than 2,000 home improvement and hardware stores in North America.

Final Company Statement:

Lowe’s has invested in their people’s futures and this is demonstrated by giving them a vast range of benefits to support every aspect of their health. All regular full- and part-time associates get access to benefits that will help them stay health – physically, mentally, and financially.

What kind of benefits do Lowe’s employees get?

The benefits listed below are a quick summary Lowe’s offers. There is also a PDF link provided at the bottom of the page.

Quick Summary of Benefits:

As of 2020, they have a record of about 300,000 employees in their organization.  Their employees may join in a wide selection of benefit programs as soon as they become eligible.  They may be eligible to the following benefits once they are qualified:

1. 1. • Health Insurance
      • Dental Insurance 
      • Vision Program
      • Flexible Spending Account (FSA)
      • Health Savings Account (HSA)
      • Life Insurance 
      • Supplemental Life Insurance
      • Occupational Accident Insurance
      • Mental Health Care
      • Retiree Health and Medical
      • Accidental Death & Dismemberment Insurance
      • 401K Plan
      • Retirement
      • Performance Bonus
      • Pension Plan

Some of their benefits also include the following:

1. 1. • Maternity and Paternity Leave
      • Family Medical Leave
      • Reduced or Flexible Hours
      • Dependent Care
      • Military Leave
      • Vacation and Time Off
      • Paid Holidays
      • Sick Days
      • Volunteer Time Off
      • Bereavement Leave
      • Employee Discount
      • Employee Assistance
      • Mobile Phone Discount
      • Gym Membership
      • Pet-Friendly Workplace
      • Travel Concierge
      • Legal Assistance
      • Professional Development
      • Job Training
      • Diversity Program
      • Tuition Assistance

Please note:

That the full list of benefits available to new employees varies from location to location due to differences in local laws, regulations, and customs – and may change at any time.

Does Lowes offer benefits to full time employees?

Yes. the benefits listed above are a summary of what is offered to full time employees.

Your Benefits Resources (YBR) Website:

The YBR Web site is available 24 hours a day, seven days a week. YBR provides information, tools and calculators to help you:

1. 1. • Learn how your benefit plans work.
      • Understand the expenses and services that your options cover.
      • Build your own medical plan, selecting from various coverage options.
      • Compare health care and insurance options.
      • Estimate your out-of-pocket costs for your medical options.
      • Search for doctors, dentists, and eye doctors online using the criteria you enter.
      • Choose or change your beneficiary(ies).
      • Estimate your need for:
        • Life and long-term disability insurance coverage; and
        • A health care and/or dependent care spending account.
      • Get answers to questions about your benefits. Use the “Contact Us” link on the site to send a secure question to a Customer Service Representative.

Information on your health and welfare, 401(k), pension and FSA benefits. For example:

Health and welfare

1. 1. • View your current health and welfare benefits coverage
      • Make enrollment decisions

401(k)

1. 1. • View your current 401(k) balance and change contributions
      • Make fund transfer and investment election changes

Pension

1. 1. • If you are eligible for a pension benefit:
        • View your pension information
        • Project your pension income
        • Start your pension
        • Make beneficiary designations and changes (if applicable)

FSA

1. 1. • Manage your FSA(s)

General Tasks:

1. 1. • Request a new User ID and password or change your existing User ID and password
      • Learn more about your benefits
      • Review, add or change your dependent or beneficiary information on file (if applicable)
      • Understand how a Life Event may affect your benefits