401(k) · DOL Form 5500 · 2023
Schlage Lock Company LLC 401(k) Plan
Data updated 2026-08-11
- $842M
- Total assets
- 5,074
- Participants
- 98th
- Percentile by assets
- $165,968
- Avg per participant
Official DOL plan name: Schlage Lock Company LLC Employee Savings Plan · Sponsored by Schlage Lock Company LLC · Indiana · Manufacturing
$842M in assets, 5,074 participants
Schlage Lock Company LLC's Schlage Lock Company LLC Employee Savings Plan reported $842M in total assets and 5,074 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.
- 98th percentile by assets (of 127,072 plans)
- #18,189 in Manufacturing (18,722 peers)
Coverage in Indiana
Schlage Lock Company LLC Employee Savings Plan covers 5,074 participants in Indiana, 9.4x the typical Indiana plan (state average ~541 per filing). Assets: $842M.
- $842M
- total plan assets (2023 EOY)
- 5,074
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $165,968
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Schlage Lock Company LLC Employee Savings Plan reported net income rose from -$108M in the plan year 2022 filing to $156M in the plan year 2023 filing.
- Schlage Lock Company LLC Employee Savings Plan reported participants rose from 3,605 in the plan year 2022 filing to 5,074 in the plan year 2023 filing.
- Schlage Lock Company LLC Employee Savings Plan end-of-year assets rose from $686M in the plan year 2022 filing to $842M in the plan year 2023 filing.
Participants vs Indiana filers
In Indiana, the average filing covers about 541 participants across 2,302 plans. Schlage Lock Company LLC Employee Savings Plan reports 5,074 participants - 9.4x that state average ($842M EOY assets).
Indiana filing particulars
| Total Assets (Beginning of Year) | $686M |
|---|---|
| Net Assets (End of Year) | $842M |
| Net Income | $156M |
| Employer EIN | 542139412 |
| Plan Effective Date | 2013-12-02 |
| 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 401(k) Plans in Indiana
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Schlage Lock Company LLC Employee Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
- The Lilly Employee 401(k) Plan $11.1B · 17,583
- Elevance Health 401(k) Plan $11.0B · 76,590
- Cummins Retirement and Savings Plan $5.7B · 28,381
- Iu Health 401(k) Savings Plan $3.9B · 38,575
- Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan $2.6B · 9,015
Scale composition for Schlage Lock Company LLC Employee Savings Plan
Schlage Lock Company LLC Employee Savings Plan reports $842M in end-of-year assets across 5,074 participants (0.007% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.005% of 93,925,755 covered participants) - about $165,968 per participant (1.2x the national average assets-per-participant) . Net income for plan year 2023 was $156M.
This plan identity (EIN 542139412, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $686M to $976M (+42.2%) while covered participants moved from 3,605 to 5,209 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 3,605 | $686M | Open filing |
| 2023 | 5,074 | $842M | This page |
| 2024 · index core | 5,209 | $976M | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Schlage Lock Company LLC Employee Savings Plan (401(k), $976M, 5,209 participants)
- Schlage Lock Company LLC Pension Plan (Defined Benefit (Pension), $228M, 1,210 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Schlage Lock Company LLC Employee Savings Plan by total assets, not by location.
- Heico Savings and Investment Plan (FL) $843M · 5,127
- Amerihealth Caritas 401(k) Plan (PA) $841M · 8,680
- Brookhaven Science Associates, LLC 401(k) Plan (NY) $843M · 2,131
- Radiology Partners, Inc. Partner Plan (CA) $843M · 1,526
Frequently Asked Questions
How did Schlage Lock Company LLC Employee Savings Plan assets move in 2023? ▼
How have Schlage Lock Company LLC plan assets changed over time? ▼
Where does Schlage Lock Company LLC Employee Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Schlage Lock Company LLC Employee Savings Plan? ▼
Next read for Schlage Lock Company LLC Employee Saving…
Filing takeaways
Ways to act on Schlage Lock Company LLC Employee Savings Plan's numbers.
- By total assets, Schlage Lock Company LLC Employee Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) 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