Lowes Companies Inc
Updated Filing received by DOL
Lowes Companies Inc, a retail — stores, food, auto, clothing employer in Mooresville, North Carolina, reported 277,591 participants in its health and welfare plan for plan year 2024. Its Form 5500 shows $26M in insurance premiums across 22 contracts and $2.5M in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received an amended filing on October 15, 2025; the original filing date is not in the public dataset.
Who was paid on Lowes Companies Inc's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Lowes Companies Inc filed for 2024.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Strategic Non-Medical Solutions LLC · Boston, MA | $742,357 | $627,465 | $1,369,822 | 5 |
| Mercer · Chicago, IL | $786,059 | $51,761 | $837,820 | 6 |
| Alight Holding Company · Lincolnshire, IL | $0 | $107,642 | $107,642 | 1 |
| Pacific Resources Benefits Advisors · Atlanta, GA | $94,023 | $0 | $94,023 | 2 |
| Srategic Non-Medical Solutions LLC · Atlanta, GA | $38,380 | $12,081 | $50,461 | 1 |
| Aon · Chicago, IL | $5,558 | $0 | $5,558 | 1 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2024, as published in EBSA's 2024 "Latest" dataset. Part I names whoever the carrier paid, which can be a firm or an individual agent; both are public record. Amounts exclude pay from carriers not tied to a listed contract.
Insurance contracts and carriers
Every insurance contract reported on Schedule A: carrier, what it covers, people covered at year end, earned premium, and broker compensation.
Source: DOL Form 5500 Schedule A, plan year 2024. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Lowes Companies Inc compares
Medians across employers for plan year 2024, the most recent complete year. Commission rates use fully insured medical contracts only; dollar medians use every employer that disclosed broker pay.
Not computable: no insured medical premium on the filing.
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2023 | 2024 | Change | |
|---|---|---|---|
| Participants | 301,592 | 277,591 | −8.0% |
| Premiums filed | $28,413,708 | $26,495,344 | −6.8% |
| Broker commissions + fees | $1,875,222 | $2,465,326 | +31.5% |
| Commission rate | — | — | — |
Source: DOL Form 5500 filings for plan years 2023 and 2024.
Filings and timeliness
Plans this employer filed under its EIN with a health benefit code. Large plans are due seven months after the plan year ends, or two and a half months later with an extension; amended filings carry the amendment date, so no timing is asserted for them.
| Plan | Plan year end | Received by DOL | Timing | Participants |
|---|---|---|---|---|
| Lowes Welfare Plan#511 · amended · insurance, general assets | December 31, 2024 | October 15, 2025 | amended filing; original date not in data | 277,591 |
Source: DOL Form 5500 Part I and signature dates; "late" means received after the extended deadline (the 15th day of the tenth month after plan year end). What a late Form 5500 costs.
How much did Lowes Companies Inc pay in health insurance broker commissions in 2024?
Lowes Companies Inc's 2024 Form 5500 reports $2,465,326 in broker commissions and fees across 22 insurance contracts ($1,666,377 in commissions, $798,949 in fees), with Strategic Non-Medical Solutions LLC receiving the largest share.
Is Lowes Companies Inc's health plan self-funded or fully insured?
The 2024 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by Kaiser Foundation Health Plan of the Mid-Atlantic, Kaiser Foundation Health Plan Inc, Kaiser Foundation Health Plan of Georgia.
How does Lowes Companies Inc's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Lowes Companies Inc because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 5,000+ participants that disclosed broker pay reported a median of $458,262.
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Record built October 24, 2026 from U.S. Department of Labor, EBSA Form 5500 datasets (2025, 2024, 2023 plan years, 'Latest' files). Filings can run 7 to 10 months behind the plan year; always confirm against current plan documents. BenefitsLedger is not affiliated with the U.S. Department of Labor. Open the DOL filing search.