Myloweslife is for the use of only authorized personnel by entering their’s sales ID and password. But if you are a former Lowe’s employee, things are different. Myloweslife.com will provide you a Lowe’s benefits handbook.

In this handbook, people can see it has been divided into six different parts and there are respectively are handbook home, plan overview, benefits, benefits plus, retirement benefits and plan adminidtration.

Handbook home

Here describes many of your benefit plan options and each one of them is like a bulding block helping you build your “foundation for success” with Lowe’s. Consequently, these options protect you from the financial impact of illness, injury, disability, or death; and they can help you provide for a secure and comfortable retirement.

Plan overview

In this part, you can have a general understanding of Lowe’s plans. You can know what benefits are included, how the plan works, taxes and your benefits,when coverage starts, etc. questions like these, you can find your answers here.


Benefits plus

Benefits plus covers a lot of contents, like flexible spending accounts, vision care, additional insurance, hyatt pre-paid legat and part-time employee benefits. In Lowe, all your feeling is warm, comfortable and friendly. Lowe not only give its customer the feeling of home, it also gives its employees the feeling of home.

Retirement benefits

This part is about stock purchase plan and 401 (k) plan. It is not diffiuclt to understand what is stock purchase plan. But when we move to the 401 (k) plan, people wonder what is it. Actually, Lowe’s 401 (k) plan is a qualified retirement plan that includes a cash defered arrangement under section 401 (k) of the internal revenue code. And this plan allows you to save money for retirement before paying federal income taxes on the amounts saved. Once participating, Lowe will match your savings as follows: the first 3% of compensation you contribute is matched at 100%, the next 2% of compensation you contribute is matched at 50%, the next 1% of compensation you contribute is matched at 25%.

Plan administration

Plan administration provides you with information about how the Lowe's welfare plan is administered, which covers topics such as filing claims, the continuation of benefits coverage under COBRA and your rights under the Employee Retirement Income Security Act of 1974 (ERISA).

Overall

Lowe gives customer the ideal retail life they are looking for, and Lowe give you the ideal employee life if you are going to find a position here. www.mylowelife.com will tell you everything you want to know about your Lowe life.