Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Strattec Security
Strattec Security 401(k)
- STRT Nasdaq
- Manufacturing
- Milwaukee, WI
- EIN 39-1804239
- 1 plan with Schedule H financials
- Plan year 2024
- Strattec Security Corporation
- SEC registrant Strattec Security Corp
Administrative expenses excluding investment management, per participant · Strattec Security Corporation Employee Savings and Investment Plan · plan year 2024
$160.55
Higher than 78% of the 8,758 plans $50 to 250M that report it.
Source
= $89,429 / 557
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250717122455NAL0000425986001, received 2025-07-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717122455NAL0000425986001, received 2025-07-17
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-17.
Cost and contributions
Administrative expenses per participant
$160.55
Higher than 60% of the 9,042 plans $50 to 250M that report it.
Source
= $89,429 / 557
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250717122455NAL0000425986001, received 2025-07-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717122455NAL0000425986001, received 2025-07-17
Administrative expenses as a share of assets
0.084%
Higher than 31% of the 9,049 plans $50 to 250M that report it.
Source
= $89,429 / $106,802,699
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250717122455NAL0000425986001, received 2025-07-17
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250717122455NAL0000425986001, received 2025-07-17
Employer contributions per participant
$3,561
Higher than 63% of the 9,105 plans $50 to 250M that report it.
Source
= $1,983,742 / 557
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250717122455NAL0000425986001, received 2025-07-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717122455NAL0000425986001, received 2025-07-17
Employer share of total contributions
32.7%
Higher than 60% of the 9,112 plans $50 to 250M that report it.
Source
= $1,983,742 / $6,072,213
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250717122455NAL0000425986001, received 2025-07-17
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250717122455NAL0000425986001, received 2025-07-17
Plan terms, as stated in Strattec Security Corporation's SEC filings
Employer match
“Under plan provisions, the Company matches 100% of participant contributions to the plan, up to 5% of the employee's eligible base pay.”
Form 10-K filed 2026-08-28, for the year ended 2026-06-28 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2026-06-28. Figures cover plan year 2024. The plan document governs.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250717122455NAL0000425986001, received 2025-07-17
Full record, Strattec Security Corporation Employee Savings and Investment Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | STRATTEC SECURITY CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Plan name | STRATTEC SECURITY CORPORATION EMPLOYEE SAVINGS AND INVESTMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Sponsor EIN / plan number | 39-1804239 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Sponsor location | MILWAUKEE, WI | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Industry (business code) | 332900, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Filing received | 2025-07-17 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Participants, beginning of year | 734 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Active participants | 434 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Participants, end of year | 573 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Participants with an account balance | 557 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Total assets, beginning of year | $97,097,113 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Total assets, end of year | $106,802,699 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Net assets, end of year | $106,802,699 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Total income | $20,299,784 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Net income | $9,705,586 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Employer contributions | $1,983,742 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Participant contributions | $3,401,219 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Other contributions (incl. rollovers) | $687,252 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Total contributions | $6,072,213 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Benefit payments | $10,504,769 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Total expenses (incl. benefit payments) | $10,594,198 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Total administrative expenses | $89,429 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Contract administrator fees | $89,429 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Administrative expenses excluding investment management | $89,429 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Held in common/collective trusts | $22,501,329 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Held in mutual funds | $78,014,036 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250717122455NAL0000425986001, received 2025-07-17 |
| Independent auditor | SIKICH CPA LLC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250717122455NAL0000425986001, received 2025-07-17 |
Position = column in the DOL layout for form year 2024. Filing 20250717122455NAL0000425986001, received 2025-07-17.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | CONTRACT ADMINISTRATOR | 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $105,124 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250717122455NAL0000425986001, received 2025-07-17.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $97,097,113 | $106,802,699 | 10.0% |
| Participants with a balance | 622 | 557 | -10.5% |
| Administrative expenses | $78,156 | $89,429 | 14.4% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $1,854,412 | $1,983,742 | 7.0% |
Prior filing 20240722084235NAL0006213075001, received 2024-07-22; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: STRATTEC SECURITY CORPORATION; SEC registrant: STRATTEC SECURITY CORP (CIK 933034, matched by EIN; display name from the Form 10-K cover).