Plan5500

Schlage Lock Company LLC Employee Savings Plan For Bargained Employees — Form 5500 plan (Schlage Lock Company LLC)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Schlage Lock Company LLC Employee Savings Plan For Bargained Employees is a benefit plan reported by Schlage Lock Company LLC under EIN 54-2139412 and plan number 003. The latest loaded filing year is 2023. The filing reports 568 participants and $13,962,971 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$14MPlan net assets, end of year$13,962,971
Participants568Covered participants reported
Assets / participant$24.6KComputed: assets ÷ participants$24,583 (computed)
Provider compensation$6.8K1 Schedule C provider row(s)$6,751
Plan sponsor
Schlage Lock Company LLC
EIN
54-2139412
Plan number
003
Plan type
2
Location
Carmel, IN
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023568H, C20241015115005NAL0057317682001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$14M total assets
Net assets$14MLiabilities$0
Money in vs. money out
Total income / additions$3.6M
Total expenses$2.3M
Benefits paid / distributions$2.3M
Contributions
Employer$728K
Participant$785.7K
Full reported line items

Net assets

Total assets (EOY)
$13,962,971
Total liabilities (EOY)
$0
Net assets (EOY)
$13,962,971
Net assets (BOY)
$12,705,143

Income & contributions

Employer contributions
$728,014
Participant contributions
$785,659
Total contributions
$1,515,680
Total income / additions
$3,599,738

Expenses & distributions

Benefits paid
$2,335,159
Administrative expenses
$6,751
Total expenses
$2,341,910
Net increase / (decrease)
$1,257,828
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 48%Participant 52%
Total expenses ÷ net assets17%Computed ratio
Benefits paid ÷ total income65%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Fidelity Investments InstitutionalRECORDKEEPER$6,751not reported in the loaded dataset2023

Related Form 5500 pages