Defined Benefit (Pension) · DOL Form 5500 · 2023

Schlage Lock Company LLC Pension Plan

Data updated 2026-08-25

$244M
Total assets Near avg plan size
1,360
Participants Near avg headcount
95th
Percentile by assets National rank
$179,445
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

$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.

  • #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.

#17,390
in Manufacturing (18,722 peers)
+0.9%
assets growth YoY
2.4×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$244,044,675 Top 5% higher than 95% of 127,068 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 2023

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

Plan-year 2023 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 (1,360 participants).

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 →

Form 5500 schedule snapshot

Filing strip 542139412 · Schlage Lock Company LLC PY 2023 · Defined Benefit (Pension)

Schlage Lock Company LLC Pension Plan · $244M · 1,360 · 95th

  • VS-ST $244M
  • BOY 1,360
  • SCH 95th
  • EBSA Defined Benefit (Pension)
  • PART near Defined Benefit Pension Plan of the Plumbers & Steamfitters Local 400 and Mechanical Contractors Association of North Central Wisconsin
  • TYPE ind #17390

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

West Mi Plumbers Fitters & Service Trades Local Union No 174 Pension PlanWest Mi Plumbers Fitters & S…$244MNorthern California Tile Industry Defined Benefit Pension PlanNorthern California Tile Ind…$244MSchlage Lock Company LLC Pension PlanSchlage Lock Company LLC Pen…$244MDefined Benefit Pension Plan of the Plumbers & Steamfitters Local 400 and Mechanical Contractors Association of North Central WisconsinDefined Benefit Pension Plan…$244MU.a. Local No. 447 Pension FundU.a. Local No. 447 Pension F…$244M
End-of-year total assets ($M) among Schlage Lock Company LLC Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

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)

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): 0.244044675 · Participants: 1360Schlage Lock Company LLC Pension PlanThe Lilly Retirement Plan, Total assets ($B): 11.68755379 · Participants: 19111The Lilly Retirement PlanCummins Pension Plan, Total assets ($B): 3.321162584 · Participants: 26560Cummins Pension PlanIndiana Laborers Pension Fund, Total assets ($B): 1.654720253 · Participants: 10800Indiana Laborers Pension FundElevance Health Cash Balance Plan a, Total assets ($B): 1.277905032 · Participants: 8197Elevance Health Cash Balance Plan aNisource 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 →

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 Defined Benefit Pension Plan of the Plumbers & Steamfitters Local 400 and Mechanical Contractors Association of North Central Wisconsin in WI ($244M); by covered participants it is Western Metal Industry Pension Plan in WA (1,360 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,360 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 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).
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 Western Metal Industry Pension Plan in WA (1,360 participants, $1.0B in assets).

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.