MyLowesBenefits - Lowes Employee Benefits 2022

Lowes Employee Benefits

Lowes understands the feeling of the person who searching for a job that how essential Employee Benefit Programs are when it comes to deciding whether or not to join a company.

That’s why lowe’s offers their employees comprehensive benefits named MyLowesBenefits.

And this post is intended to assist you in better understanding how Lowe’s Benefits contribute to their employees’ overall compensation package. To know additional information about Lowe’s Employee Discount, visit Mylowesbenefits.com. Also, check here lowes survey here.

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Lowe’s Employee Benefits & Perks

Health Benefits

Eligibility – After 89 days of continuous employment, regular full-time employees.

Medical Plans
Prescription Drug Plan
Dental Low Plan
Dental High Plan
Vision Low Plan
Vision High Plan
My Life Track Health and Wellness Benefits

Life Insurance Benefits

Basic Term Life Insurance

Employees who work by the hour got one-time base annual compensation, rounded to the closet $1,000; maximum $500,000.

Salaried Employees got One year’s base pay, rounded up to the nearest $1,000; maximum of $250,000.

Hourly Employee Term Life Insurance

Employee coverage is capped at $10,000. Employees who enroll in the Basic and Supplemental Term Life Options are not eligible for this plan.

Dependent Term Life Insurance

$25,000 to $250,000* for a spouse
$5,000 to $20,000 for children

Business Travel Accident Insurance

This is a Lowe’s Benefit that gives an employee a second chance at life. If an employee dies as a result of an accident while on company business, an employee will be covered by insurance.

Supplemental Term Life Insurance

Maximum Payout $3,000,000. One to eight times base yearly pay rounded to the nearest $1,000.

Evidence of Insurability is required for amounts greater than three times annual basic wage or $500,000.

Accidental Death and Dismemberment Insurance

Coverage is available up to $1,000,000; coverage is Amounts can’t be more than ten times your annual base salary.

Income Protection Benefits

Basic Sick Pay

Six days (48 hours) of sick time are accumulated each year.

There is no limit to the number of sick days that can be carried forward. Sick days can be used to celebrate a child’s birth or adoption.

Long-Term Disability Insurance

In the event of serious, long-term illness or injuries, this plan provides disability income protection.

The Plan works in conjunction with Worker’s Compensation and Social benefits to pay qualifying employees a monthly benefit of:

– For salaried personnel, 60 percent of normal base pay plus a management bonus up to $25,000 per month after 90 days of continuous disability.

– For hourly employees, 60 percent of normal base pay plus a management bonus up to $20,000 per month after 90 days of continuous disability.

Short-Term Disability Insurance

The benefit begins for full-time hourly employees on the 15th day of a recognized continuous disability, or the first day after basic sick pay hours have been spent, whichever comes first.

The benefit begins for full-time salaried employees after three days of continuous disability and the usage of basic sick pay hours.

If no basic sick pay hours are available, the benefit will be retroactive to the first day.

– Regular, full-time hourly employees receive 60% of their standard base pay salary, up to $4,615 per week in benefits.

– Regular full-time salaried employees receive 100% of their typical weekly base pay.

Retirement Benefits

401 (k) Plan

Lowe’s 401(k) Plan is designed to assist the employee in making financial plans and investments for the future.

Through the ease of payroll deduction, the employee can save from 1% to 50% of your qualified compensation, up to $18,000 in the calendar year, on a pretax basis.

Lowe’s will match the first 3% of employee savings at 100 percent each pay week.

Savings of 4% to 6% of eligible salary will be matched at 50%, and savings of 6% will be matched at 25%, for a total Company Match of 4.25 percent if employees save 6%.

Stock Purchase Plan

Lowe’s has a Share Acquire Plan, which allows employees to purchase Lowe’s common stock at a 15% Discount.

Participants in the Plan can contribute a fixed sum or an even percentage of their base pay up to 20% of their base salary after taxes through payroll deduction.

Time Off Benefits

Vacation

After 180 days of employment, all regular full-time and regular part-time employees.

Holiday

Lowe’s usually offers the following six paid vacation days:

The holidays of Thanksgiving and Christmas are set in stone. For each fixed holiday, full-time employees will receive eight hours of holiday pay while part-time employees will receive four hours of holiday pay.

Employees can also earn up to 4 more floating holidays, with the option of choosing which day to use as a floating holiday.

Part-time employees accrue at a rate of 4 hours per day, while full-time employees accrue at 8 hours per day.

Lowes Other Perks

• Health Savings Account (HSA)

•Flexible Spending Account (FSA)
• Critical Illness Plan
• Off-the-Job Accident Plan
• Fixed Indemnity Plan
• Auto & Home Insurance
• Tuition Reimbursement Program
• Discount Tuition Program
• Preventive Health Plans for Part-Time Employees
• Part-Time Employees Dental Plan
• Part-Time Employees Vision Plan
• Part-Time Employees Short-Term Disability Plan
• Part-Time Employees Life Insurance Plan

My Lowe’s Benefits Login

If you are a new hire at Lowe’s then they will provide you User Id.

So, first of all, you need to register yourself as a new employee.

Follow the steps given below to log in to your Benefits Site.

Firstly, Visit Lowe’s Employee Benefits Login site – mylowesbenefits.com.

Now, Enter your User ID & Password.
Click on the ‘Log On’.

How To Recover Your Password of MyLowesBenefits.com?

In the situation when you have forgotten your Username or Password, follow the steps given below.

Firstly, Visit Lowe’s Employee Login site – mylowesbenefits.com.
Now, click on the link ‘Forgot UserID or Password?‘.

To reset your password you need your SSN.
Enter the Last 4 Digits of SSN.
Select your Birth Date.
Click on the ‘Continue’ button.
Go through the verification process.
Click on the Next.
Give your answer to the questions asked by the company to recover your password.
Whenever you have completed the process, you will get your password through your valid email address.

Final Words

Did you find this article helpful in learning about Lowe’s Benefits & Login?

Kindly leave a comment in the comment box below.

You can also share some experience you’ve had working at Lowe’s Company if you are or have been an employee of the company.

Are there any discounts for Lowe's employees?

Employees of the Lowe's receive a 10% discount on Lowe's products. They can also take benefits program that gives a variety of discount at other retailers & all.

How much vacation time does Lowe's give their employees?

The PTO and vacation policy at Lowe's Home Improvement normally gives employees 10-15 days off per year. Employees identify Paid Time Off as Lowe's Home Improvement's second most valuable perk, after Healthcare.