Defined Benefit (Pension) · DOL Form 5500 · 2023

Schlage Lock Company LLC Pension Plan

Data updated 2026-08-11

$244M
Total assets
1,360
Participants
95th
Percentile by assets
$179,445
Avg per participant
PlainRetire home → About this data

Official DOL plan name: Schlage Lock Company LLC Pension Plan · Sponsored by Schlage Lock Company LLC · Indiana · Manufacturing

$244M in assets, 1,360 participants

Schlage Lock Company LLC's Schlage Lock Company LLC Pension Plan reported $244M in total assets and 1,360 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • 95th percentile by assets (of 127,072 plans)
  • #17,390 in Manufacturing (18,722 peers)

Coverage in Indiana

Schlage Lock Company LLC Pension Plan covers 1,360 participants in Indiana, 2.5x the typical Indiana plan (state average ~541 per filing). Assets: $244M.

$244M
total plan assets (2023 EOY)
1,360
covered participants
95th
percentile by assets (of 127,072 plans)
$179,445
avg assets per participant

Where Schlage Lock Company LLC Pension Plan sits by total assets

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

End-of-year total assets · plan year 2023 · DOL Form 5500

$244,044,675 Top 5% higher than 95% of 127,068 filed plans

This plan $0 $2,010,000,000 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 2023

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Schlage Lock Company LLC Pension Plan reported net income rose from -$85M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Schlage Lock Company LLC Pension Plan reported participants rose from 1,308 in the plan year 2022 filing to 1,360 in the plan year 2023 filing.
  • Schlage Lock Company LLC Pension Plan end-of-year assets rose from $242M in the plan year 2022 filing to $244M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Indiana
Industry
Manufacturing

Participants vs Indiana filers

In Indiana, the average filing covers about 541 participants across 2,302 plans. Schlage Lock Company LLC Pension Plan reports 1,360 participants - 2.5x that state average ($244M EOY assets).

Indiana filing particulars

Total Assets (Beginning of Year)$242M
Net Assets (End of Year)$244M
Net Income$2M
Employer EIN542139412
Plan Effective Date2013-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Schlage Lock Company LLC)

$0.9B$1B$1.1B$1.2B$1.3B 202220232024 $0.94B $1.22B ▲ +29.8%
Total plan assets by year, all Schlage Lock Company LLC plans on file
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 ($B) Participants Schlage Lock Company…, Total assets ($B): 0.244044675 · Participants: 1360Schlage Lock Company…The Lilly Retirement…, Total assets ($B): 11.68755379 · Participants: 19111The Lilly Retirement…Cummins Pension Plan, Total assets ($B): 3.321162584 · Participants: 26560Cummins Pension PlanIndiana Laborers Pen…, Total assets ($B): 1.654720253 · Participants: 10800Indiana Laborers Pen…Elevance Health Cash…, Total assets ($B): 1.277905032 · Participants: 8197Elevance Health Cash…Nisource Pension Plan, Total assets ($B): 1.063713087 · Participants: 2174Nisource 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 →

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.

Frequently Asked Questions

How did Schlage Lock Company LLC Pension Plan assets move in 2023? ▼
Schlage Lock Company LLC Pension Plan held essentially flat - up 0.9% during 2023, from $242M to $244M. Reported net income was $2M.
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 95th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Defined Benefit Pension Plan of the Plumbers & Steamfitters Local 400 and Mechanical Contractors Association of North Central Wisconsin in WI ($244M, 1,427 participants).

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

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.