Employer · plans filed under one EIN
Schlage Lock Company LLC
Carmel, IN · Manufacturing
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
Schlage Lock Company LLC, based in Carmel, Indiana, sponsors 3 retirement plans with 100 or more participants: 2 defined contribution and 1 defined benefit. Together they reported 11,574 participant records and $1.22B in net assets.
The largest is Schlage Lock Company LLC Employee Savings Plan, a 401(k) plan with 6,632 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $34.8M and participant contributions $46.4M in the latest plan years; benefits paid were $92.0M. Schedule C compensation reported to service provider organisations totalled $1.9M.
Combined net assets moved from $586M in 2013 to $1.22B in 2024 (up 108%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Schlage Lock Company LLC Employee Savings Plan | 401(k) plan | 2024 | 6,632 | $976M | $147,175 | $6,448 | $550K |
| Schlage Lock Company LLC Pension Plan | defined benefit pension plan | 2024 | 4,376 | $228M | $52,067 | $0 | $1.4M |
| Schlage Lock Company LLC Employee Savings Plan for Bargained Employees | 401(k) plan | 2024 | 566 | $14.6M | $25,738 | $1,471 | $7,768 |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 3 | 11,574 | $1.22B | $34.8M | $46.4M |
| 2023 | 3 | 11,676 | $1.10B | $32.7M | $42.2M |
| 2022 | 3 | 11,676 | $941M | $24.2M | $32.4M |
| 2021 | 3 | 10,147 | $1.14B | $18.5M | $27.0M |
| 2020 | 3 | 10,349 | $1.07B | $25.4M | $25.7M |
| 2019 | 3 | 10,714 | $953M | $24.4M | $25.7M |
| 2018 | 3 | 10,879 | $786M | $22.9M | $23.3M |
| 2017 | 3 | 10,026 | $815M | $22.8M | $20.0M |
| 2016 | 3 | 9,572 | $699M | $69.7M | $18.9M |
| 2015 | 3 | 9,575 | $608M | $19.8M | $17.6M |
| 2014 | 3 | 9,452 | $615M | $11.7M | $15.2M |
| 2013 | 3 | 9,833 | $586M | $1.3M | $1.6M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Willis Towers Watson US LLC | Actuarial; Contract Administrator; Consulting (pension) | 1 | $814,323 |
| Towers Watson Investment Services | Consulting (pension); Investment management | 1 | $384,608 |
| Fidelity Investments Institutional | Participant loan processing | 2 | $371,420 |
| Strategic Advisors, Inc. | Investment advisory (plan) | 1 | $186,549 |
| State Street | Custodial (other than securities); Custodial (securities); Trustee (bank, trust company, or similar financial institution); Trustee (directed) | 1 | $74,538 |
| Wellington Trust Company | Investment management | 1 | $51,744 |
| Ir+m Collective Investment Trust | Trustee (bank, trust company, or similar financial institution) | 1 | $40,679 |
| Legal & General Investment Manageme | Investment management | 1 | $8,122 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Schlage Lock Company LLC have?
3 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Schlage Lock Company LLC Employee Savings Plan, Schlage Lock Company LLC Pension Plan and Schlage Lock Company LLC Employee Savings Plan for Bargained Employees. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Schlage Lock Company LLC contribute to its plans?
$34,804,222 in employer contributions across these plans in their latest plan years, about $5,017 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Willis Towers Watson US LLC, Towers Watson Investment Services, Fidelity Investments Institutional and Strategic Advisors, Inc. and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.