Defined Benefit (Pension) · DOL Form 5500 · 2024
Schlage Lock Company LLC Pension Plan
Data updated 2026-08-06
- $228M
- Total assets
- 1,210
- Participants
- 95th
- Percentile by assets
- $188,301
- Avg per participant
Official DOL plan name: Schlage Lock Company LLC Pension Plan · Sponsored by Schlage Lock Company LLC · Indiana · Manufacturing
$228M in assets, 1,210 participants
Schlage Lock Company LLC's Schlage Lock Company LLC Pension Plan reported $228M in total assets and 1,210 participants in its 2024 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 116,472 plans)
Coverage in Indiana
Schlage Lock Company LLC Pension Plan covers 1,210 participants in Indiana, 2.2x the typical Indiana plan (state average ~555 per filing). Assets: $228M.
- $228M
- total plan assets (2024 EOY)
- 1,210
- covered participants
- 95th
- percentile by assets (of 116,472 plans)
- $188,301
- avg assets per participant
The plan reported a net loss of $16M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Schlage Lock Company LLC Pension Plan reported net income fell from $2M in the plan year 2023 filing to -$16M in the plan year 2024 filing.
- Schlage Lock Company LLC Pension Plan reported participants fell from 1,360 in the plan year 2023 filing to 1,210 in the plan year 2024 filing.
- Schlage Lock Company LLC Pension Plan end-of-year assets fell from $244M in the plan year 2023 filing to $228M in the plan year 2024 filing.
Participants vs Indiana filers
In Indiana, the average filing covers about 555 participants across 2,178 plans. Schlage Lock Company LLC Pension Plan reports 1,210 participants - 2.2x that state average ($228M EOY assets).
Indiana filing particulars
| Total Assets (Beginning of Year) | $244M |
|---|---|
| Net Assets (End of Year) | $228M |
| Net Income | -$16M |
| Employer EIN | 542139412 |
| Plan Effective Date | 2013-12-01 |
| 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 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
- The Lilly Retirement Plan $11.8B · 19,897
- Cummins Pension Plan $3.2B · 30,640
- Indiana Laborers Pension Fund $1.8B · 11,039
- Elevance Health Cash Balance Plan a $1.2B · 7,552
- Nisource Pension Plan $1.0B · 2,133
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.
- Non-Contributory Retirement Program for Certain Employees of Blue Cross and Blue Shield of Arizona Inc. (AZ) $228M · N/A
- Odyssey Reinsurance Company Restated Employees Retirement Plan (CT) $228M · 201
- Consumers Credit Union Defined Benefit Plan and Trust (IL) $227M · 470
- Minnesota Bakers Union Pension Plan (MN) $227M · 763
Frequently Asked Questions
How did Schlage Lock Company LLC Pension Plan assets move in 2024? ▼
How have Schlage Lock Company LLC plan assets changed over time? ▼
Where does Schlage Lock Company LLC Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Schlage Lock Company LLC Pension Plan? ▼
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 2024.
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.