401(k) · DOL Form 5500 · 2023

Schlage Lock Company LLC 401(k) Plan

Data updated 2026-08-25

$842M
Total assets Above avg plan size
5,074
Participants Above avg headcount
98th
Percentile by assets National rank
$165,968
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#18,189
in Manufacturing (18,722 peers)
+22.7%
assets growth YoY
8.4×
vs typical plan assets (national mean)

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

Schlage Lock Company LLC Employee Savings Plan vs every filed plan by assets

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

$842,121,584 Top 2% higher than 98% 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 Employee Savings 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 Employee Savings Plan lands in the large band (5,074 participants).

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.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 542139412 · Schlage Lock Company LLC PY 2023 · 401(k)

Schlage Lock Company LLC Employee Savings Plan · $842M · 5,074 · 98th

  • ASSETS $842M
  • PCT 5,074
  • EIN 98th
  • RANK 401(k)
  • PHOTO near Heico Savings and Investment Plan
  • IND ind #18189

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 Employee Savings Plan in the asset neighbourhood

Radiology Partners, Inc. Partner PlanRadiology Partners, Inc. Par…$843MBrookhaven Science Associates, LLC 401(k) PlanBrookhaven Science Associate…$843MHeico Savings and Investment PlanHeico Savings and Investment…$843MSchlage Lock Company LLC Employee Savings PlanSchlage Lock Company LLC Emp…$842MAmerihealth Caritas 401(k) PlanAmerihealth Caritas 401(k) P…$841M
End-of-year total assets ($M) among Schlage Lock Company LLC Employee Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Indiana filing particulars

Total Assets (Beginning of Year)$686M
Net Assets (End of Year)$842M
Net Income$156M
Employer EIN542139412
Plan Effective Date2013-12-02
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 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 Scatter plot of 6 data points. 020000400006000080000100000 051015 Total assets ($B) Participants Schlage Lock Company LLC Employee Savings Plan, Total assets ($B): 0.842121584 · Participants: 5074Schlage Lock Company LLC Employee Savings PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 11.133214731 · Participants: 17583The Lilly Employee 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 11.042395257 · Participants: 76590Elevance Health 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 5.730057183 · Participants: 28381Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 3.907792365 · Participants: 38575Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.573079703 · Participants: 9015Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
Schlage Lock Company LLC Employee Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Schlage Lock Company LLC Employee Savings Plan side-by-side with 3 peers →

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's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is Heico Savings and Investment Plan in FL ($843M); by covered participants it is Engineered Floors, LLC 401(k) Plan in GA (5,072 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($842M here).

Similar participant headcount

Nearest other-state filings by covered participants (5,074 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 Employee Savings Plan assets move in 2023? ▼
Schlage Lock Company LLC Employee Savings Plan grew sharply - up 22.7% during 2023, from $686M to $842M. Reported net income was $156M.
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 Employee Savings Plan rank by assets among Form 5500 filers? ▼
Schlage Lock Company LLC Employee Savings Plan ranks in the 98th 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 401(k) plans are similar in size to Schlage Lock Company LLC Employee Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Heico Savings and Investment Plan in FL ($843M, 5,127 participants).
Which 401(k) plans cover a similar participant headcount to Schlage Lock Company LLC Employee Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Engineered Floors, LLC 401(k) Plan in GA (5,072 participants, $103M 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.