Defined Benefit (Pension) · DOL Form 5500 · 2022

Schlage Lock Company LLC Pension Plan

Data updated 2026-08-25

$242M
Total assets Near avg plan size
1,308
Participants Near avg headcount
96th
Percentile by assets National rank
$184,861
Avg per participant Above avg balance/head
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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.

  • #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.

#19,355
in Manufacturing (20,602 peers)
-25.9%
assets change YoY
2.4×
vs typical plan assets (national mean)

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.

Schlage Lock Company LLC Pension Plan's outsized position by total assets

Schlage Lock Company LLC Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$241,798,092 Top 4% higher than 96% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Schlage Lock Company LLC Pension Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Schlage Lock Company LLC Pension Plan lands in the large band (1,308 participants).

Form 5500 schedule snapshot

Filing strip 542139412 · Schlage Lock Company LLC PY 2022 · Defined Benefit (Pension)

Schlage Lock Company LLC Pension Plan · $242M · 1,308 · 96th

  • VS-ST $242M
  • BOY 1,308
  • SCH 96th
  • EBSA Defined Benefit (Pension)
  • PART near Akin Gump Strauss Hauer & Feld Partners' Retirement Plan
  • TYPE ind #19355

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Indiana →

Schlage Lock Company LLC Pension Plan in the asset neighbourhood

Sumitomo Mitsui Banking Corporation Retirement PlanSumitomo Mitsui Banking Corp…$242MAdm Pension Plan for Hourly-Wage EmployeesAdm Pension Plan for Hourly-…$242MSchlage Lock Company LLC Pension PlanSchlage Lock Company LLC Pen…$242MAkin Gump Strauss Hauer & Feld Partners' Retirement PlanAkin Gump Strauss Hauer & Fe…$242MNew Jersey Health Care Employers- Pension PlanNew Jersey Health Care Emplo…$242M
End-of-year total assets ($M) among Schlage Lock Company LLC Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Indiana filing particulars

Total Assets (Beginning of Year)$327M
Net Assets (End of Year)$242M
Net Income-$85M
Employer EIN542139412
Plan Effective Date2013-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Schlage Lock Company LLC)

Sponsor-wide plan assets over time

All Schlage Lock Company LLC plans reported in each filing year

Latest sponsor-wide plan assets
$1.2B 29.495325276916656% vs 2022
2024 filing year
$0.9B$1B$1.1B$1.2B$1.3B 202220232024 $0.94B $1.22B ▲ +29.8%
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 Scatter plot of 6 data points. 0100002000030000 -5051015 Total assets ($B) Participants Schlage Lock Company LLC Pension Plan, Total assets ($B): 0.241798092 · Participants: 1308Schlage Lock Company LLC Pension PlanThe Lilly Retirement Plan, Total assets ($B): 11.231261789 · Participants: 16878The Lilly Retirement PlanCummins Pension Plan, Total assets ($B): 3.227971207 · Participants: 24119Cummins Pension PlanIndiana Laborers Pension Fund, Total assets ($B): 1.488495807 · Participants: 9896Indiana Laborers Pension FundElevance Health Cash Balance Plan a, Total assets ($B): 1.222287988 · Participants: 8650Elevance Health Cash Balance Plan aNisource Pension Plan, Total assets ($B): 1.05154978 · Participants: 2283Nisource Pension Plan
Schlage Lock Company LLC Pension Plan vs. nearby Defined Benefit (Pension) plans in Indiana, assets vs. participants
Compare Schlage Lock Company LLC Pension Plan side-by-side with 3 peers →

Schlage Lock Company LLC Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Indiana, the nearest Defined Benefit (Pension) by assets is Akin Gump Strauss Hauer & Feld Partners' Retirement Plan in TX ($242M); by covered participants it is Defined Benefit Pension Plan of the Plumbers & Steamfitters Local 400 and Mechanical Contractors Association of North Central Wisconsin in WI (1,308 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,308 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Schlage Lock Company LLC Pension Plan assets move in 2022? ▼
Schlage Lock Company LLC Pension Plan declined sharply - down 25.9% during 2022, from $327M to $242M. Reported net income was -$85M.
How have Schlage Lock Company LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Schlage Lock Company LLC's sponsor-wide assets grew 29.5%, from $941M to $1.2B.
Where does Schlage Lock Company LLC Pension Plan rank by assets among Form 5500 filers? ▼
Schlage Lock Company LLC Pension Plan ranks in the 96th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Schlage Lock Company LLC Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Akin Gump Strauss Hauer & Feld Partners' Retirement Plan in TX ($242M, 256 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Schlage Lock Company LLC Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Defined Benefit Pension Plan of the Plumbers & Steamfitters Local 400 and Mechanical Contractors Association of North Central Wisconsin in WI (1,308 participants, $215M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 542139412.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.