Defined Benefit (Pension) · DOL Form 5500 · 2022
Schlage Lock Company LLC Pension Plan
Data updated 2026-08-11
- $242M
- Total assets
- 1,308
- Participants
- 96th
- Percentile by assets
- $184,861
- Avg per participant
Official DOL plan name: Schlage Lock Company LLC Pension Plan · Sponsored by Schlage Lock Company LLC · Indiana · Manufacturing
$242M in assets, 1,308 participants
Schlage Lock Company LLC's Schlage Lock Company LLC Pension Plan reported $242M in total assets and 1,308 participants in its 2022 DOL Form 5500 filing, ranking in the 96th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 96th percentile by assets (of 139,126 plans)
- #19,355 in Manufacturing (20,602 peers)
Coverage in Indiana
Schlage Lock Company LLC Pension Plan covers 1,308 participants in Indiana, 2.4x the typical Indiana plan (state average ~541 per filing). Assets: $242M.
- $242M
- total plan assets (2022 EOY)
- 1,308
- covered participants
- 96th
- percentile by assets (of 139,126 plans)
- $184,861
- avg assets per participant
The plan reported a net loss of $85M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Indiana filers
In Indiana, the average filing covers about 541 participants across 2,302 plans. Schlage Lock Company LLC Pension Plan reports 1,308 participants - 2.4x that state average ($242M EOY assets).
Indiana filing particulars
| Total Assets (Beginning of Year) | $327M |
|---|---|
| Net Assets (End of Year) | $242M |
| Net Income | -$85M |
| Employer EIN | 542139412 |
| Plan Effective Date | 2013-12-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Schlage Lock Company LLC)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 5,485 | $941M |
| 2023 | 3 | 6,988 | $1.1B |
| 2024 | 3 | 6,992 | $1.2B |
Nearby Defined Benefit (Pension) Plans in Indiana
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Schlage Lock Company LLC Pension Plan vs. nearby Defined Benefit (Pension) plans in Indiana, assets vs. participants
- The Lilly Retirement Plan $11.2B · 16,878
- Cummins Pension Plan $3.2B · 24,119
- Indiana Laborers Pension Fund $1.5B · 9,896
- Elevance Health Cash Balance Plan a $1.2B · 8,650
- Nisource Pension Plan $1.1B · 2,283
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Schlage Lock Company LLC Pension Plan by total assets, not by location.
- Akin Gump Strauss Hauer & Feld Partners' Retirement Plan (TX) $242M · 256
- New Jersey Health Care Employers- Pension Plan (NJ) $242M · 2,417
- Adm Pension Plan for Hourly-Wage Employees (IL) $242M · 8,827
- Sumitomo Mitsui Banking Corporation Retirement Plan (NY) $242M · 2,505
Frequently Asked Questions
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Where does Schlage Lock Company LLC Pension Plan rank by assets among Form 5500 filers? ▼
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Next read for Schlage Lock Company LLC Pension Plan
Filing takeaways
Ways to act on Schlage Lock Company LLC Pension Plan's numbers.
- By total assets, Schlage Lock Company LLC Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Indiana. Compare plans
- Schlage Lock Company LLC's sponsor-wide assets have grown 29.5% since 2022 across 3 plan years on file. More Manufacturing plans