Defined Benefit (Pension) · DOL Form 5500 · 2023

Master Lock Company LLC Pension Plan

Data updated 2026-08-25

$201M
Total assets Near avg plan size
97
Participants Small participant base
95th
Percentile by assets National rank
$2.1M
Avg per participant High balance/head
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Official DOL plan name: Master Lock Pension Plan · Sponsored by Master Lock Company LLC · Wisconsin · Manufacturing

$201M in assets, 97 participants

Master Lock Company LLC's Master Lock Pension Plan reported $201M in total assets and 97 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.

  • #17,189 in Manufacturing (18,722 peers)

Where Master Lock Pension Plan sits by assets

Master Lock Pension Plan sits in the top 5% of all filed plans by assets, $201M for 97 participants (~$2.1M/participant), down 3.6% in 2023.

#17,189
in Manufacturing (18,722 peers)
-3.6%
assets change YoY
2.0×
vs typical plan assets (national mean)

The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Master Lock Pension Plan's outsized position by total assets

Master Lock Pension Plan vs every filed plan by assets

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

$200,644,699 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

Master Lock Pension Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Master Lock Pension Plan is a small filing (97 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Master Lock Pension Plan reported net income rose from -$70M in the plan year 2022 filing to -$7M in the plan year 2023 filing.
  • Master Lock Pension Plan reported participants fell from 114 in the plan year 2022 filing to 97 in the plan year 2023 filing.
  • Master Lock Pension Plan end-of-year assets fell from $208M in the plan year 2022 filing to $201M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 391142433 · Master Lock Company LLC PY 2023 · Defined Benefit (Pension)

Master Lock Pension Plan · $201M · 97 · 95th

  • EOY $201M
  • EOY 97
  • EOY 95th
  • EOY Defined Benefit (Pension)
  • EOY near IBEW Local 716 Pension Plan
  • EOY ind #17189

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 Wisconsin →

Master Lock Pension Plan in the asset neighbourhood

Evergy, Inc. Joint Trusteed Retirement PlanEvergy, Inc. Joint Trusteed …$201MRochester Laborers Pension FundRochester Laborers Pension F…$201MIBEW Local 716 Pension Plan$201MMaster Lock Pension Plan$201MIBEW Local No 640 & Az Chapter NECA Defined Benefit Pension PlanIBEW Local No 640 & Az Chapt…$200M
End-of-year total assets ($M) among Master Lock Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$208M
Net Assets (End of Year)$201M
Net Income-$7M
Employer EIN391142433
Plan Effective Date1959-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Master Lock Company LLC)

Sponsor-wide plan assets over time

All Master Lock Company LLC plans reported in each filing year

Latest sponsor-wide plan assets
$51M 77.3952963238539% vs 2022
2024 filing year
$0M$100M$200M$300M 202220232024 $225M $50.9M ▼ -77.4%
Year Plans Participants Total Assets
2022 3 427 $225M
2023 3 402 $218M
2024 3 207 $51M

Nearby Defined Benefit (Pension) Plans in Wisconsin

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Master Lock Pension Plan vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 01234 Total assets ($B) Participants Master Lock Pension Plan, Total assets ($B): 0.200644699 · Participants: 97Master Lock Pension PlanThe Northwestern Mutual Employee Retirement Plan, Total assets ($B): 3.298151091 · Participants: 8348The Northwestern Mutual Employee Retirement PlanBuilding Trades United Pension Trust Fund Milwaukee and Vicinity, Total assets ($B): 3.267131995 · Participants: 9960Building Trades United Pension Trust Fund Milwaukee and VicinityThe Northwestern Mutual Life Insurance Company Agents Retirement Plan, Total assets ($B): 2.08393057 · Participants: 7368The Northwestern Mutual Life Insurance Company Agents Retirement PlanHarley-Davidson Retirement Plan, Total assets ($B): 1.912240682 · Participants: 1560Harley-Davidson Retirement PlanRockwell Automation Pension Plan, Total assets ($B): 1.77661124 · Participants: 2136Rockwell Automation Pension Plan
Master Lock Pension Plan vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants
Compare Master Lock Pension Plan side-by-side with 3 peers →

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

Outside Wisconsin, the nearest Defined Benefit (Pension) by assets is IBEW Local 716 Pension Plan in TX ($201M); by covered participants it is Cwc Castings Div of Textron, Inc. Hry-Rated Ees' Pen Plan in RI (97 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($201M here).

Similar participant headcount

Nearest other-state filings by covered participants (97 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 Master Lock Pension Plan assets move in 2023? ▼
Master Lock Pension Plan edged down modestly - down 3.6% during 2023, from $208M to $201M. Reported net income was -$7M.
How have Master Lock Company LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Master Lock Company LLC's sponsor-wide assets declined 77.4%, from $225M to $51M.
Where does Master Lock Pension Plan rank by assets among Form 5500 filers? ▼
Master Lock 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 Master Lock Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is IBEW Local 716 Pension Plan in TX ($201M, 1,947 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Master Lock Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Cwc Castings Div of Textron, Inc. Hry-Rated Ees' Pen Plan in RI (97 participants, $105M 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 391142433.

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.