Employers › Schlage Lock › plan 002
Recordkeeping fees per participant · Schlage Lock Company LLC Employee Savings Plan · plan year 2024
$54.02
Higher than 56% of the 1,697 plans $250M to 1B that report it.
= $351,970 / 6,515
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251013145553NAL0000732707001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013145553NAL0000732707001, received 2025-10-13
Percentiles compare this plan with the Schedule H plans $250M to 1B 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 2025-10-13.
Administrative expenses excluding investment management, per participant
$54.16
Higher than 36% of the 2,324 plans $250M to 1B that report it.
= $352,870 / 6,515
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013145553NAL0000732707001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013145553NAL0000732707001, received 2025-10-13
Administrative expenses per participant
$82.80
Higher than 46% of the 2,405 plans $250M to 1B that report it.
= $539,419 / 6,515
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013145553NAL0000732707001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013145553NAL0000732707001, received 2025-10-13
Administrative expenses as a share of assets
0.055%
Higher than 37% of the 2,407 plans $250M to 1B that report it.
= $539,419 / $976,065,761
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013145553NAL0000732707001, received 2025-10-13
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013145553NAL0000732707001, received 2025-10-13
Employer contributions per participant
$5,217
Higher than 75% of the 2,457 plans $250M to 1B that report it.
= $33,986,603 / 6,515
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013145553NAL0000732707001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013145553NAL0000732707001, received 2025-10-13
Employer share of total contributions
38.3%
Higher than 72% of the 2,459 plans $250M to 1B that report it.
= $33,986,603 / $88,692,207
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013145553NAL0000732707001, received 2025-10-13
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013145553NAL0000732707001, received 2025-10-13
99.0% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $0 ($82.80 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.
2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3H controlled-group sponsor · 2E profit-sharing · 2R participant brokerage window · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251013145553NAL0000732707001, received 2025-10-13
| Field | Value | Source |
|---|---|---|
| Plan sponsor | SCHLAGE LOCK COMPANY LLC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Plan name | SCHLAGE LOCK COMPANY LLC EMPLOYEE SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Sponsor EIN / plan number | 54-2139412 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Sponsor location | CARMEL, IN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Industry (business code) | 332510, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Filing received | 2025-10-13 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Participants, beginning of year | 6,504 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Active participants | 5,271 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Participants, end of year | 6,632 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Participants with an account balance | 6,515 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Total assets, beginning of year | $842,121,584 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Total assets, end of year | $976,065,761 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Net assets, end of year | $976,065,761 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Total income | $208,466,509 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Net income | $133,944,177 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Employer contributions | $33,986,603 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Participant contributions | $45,560,990 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Other contributions (incl. rollovers) | $9,144,614 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Total contributions | $88,692,207 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Benefit payments | $73,979,995 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Total expenses (incl. benefit payments) | $74,522,332 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Total administrative expenses | $539,419 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Contract administrator fees | $900 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Recordkeeping fees | $351,970 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Investment advisory and management fees | $186,549 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Administrative expenses excluding investment management | $352,870 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Held in master trusts | $965,882,125 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Held in common/collective trusts | $0 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Held in mutual funds | $0 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251013145553NAL0000732707001, received 2025-10-13 |
| Independent auditor | CLIFTONLARSONALLEN LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251013145553NAL0000732707001, received 2025-10-13 |
Position = column in the DOL layout for form year 2024. Filing 20251013145553NAL0000732707001, received 2025-10-13.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $363,652 | no |
| STRATEGIC ADVISORS, INC. | ADVISOR | 27 Investment advisory (plan) | $186,549 | no |
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 20251013145553NAL0000732707001, received 2025-10-13.
SCHLAGE LOCK CO LLC ESP AND ESPB MT (EIN 542139412, PN 004): plan interest $965,882,125, 98.6% of the trust. The trust's own filing (20251013150447NAL0000740979001, received 2025-10-13) reports net assets $979,915,952, administrative expenses $0, recordkeeping fees $0, investment management fees $0 and 1 Schedule C providers.
| Provider (trust level) | Service codes | Paid by the trust | Allocated to this plan |
|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | 60 | $0 | $0 |
Schedule D Part I of the plan's filing; the trust's Schedule H and Schedule C. Allocation = the plan's interest divided by the trust's net assets.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $842,121,584 | $976,065,761 | 15.9% |
| Participants with a balance | 6,353 | 6,515 | 2.5% |
| Administrative expenses | $482,602 | $539,419 | 11.8% |
| Recordkeeping fees per participant | $56.14 | $54.02 | -3.8% |
| Employer contributions | $31,959,165 | $33,986,603 | 6.3% |
Prior filing 20241015112204NAL0028185553001, received 2024-10-15; the plan years are contiguous.