Employers › Schlage Lock › plan 003
Recordkeeping fees per participant · Schlage Lock Company LLC Employee Savings Plan for Bargained Employees · plan year 2024
$15.24
Higher than 15% of the 14,075 plans $10 to 50M that report it.
= $7,468 / 490
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251013150321NAL0001478721001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013150321NAL0001478721001, received 2025-10-13
Percentiles compare this plan with the Schedule H plans $10 to 50M 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
$15.85
Higher than 10% of the 24,371 plans $10 to 50M that report it.
= $7,768 / 490
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013150321NAL0001478721001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013150321NAL0001478721001, received 2025-10-13
Administrative expenses per participant
$15.85
Higher than 6% of the 25,098 plans $10 to 50M that report it.
= $7,768 / 490
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013150321NAL0001478721001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013150321NAL0001478721001, received 2025-10-13
Administrative expenses as a share of assets
0.053%
Higher than 14% of the 25,132 plans $10 to 50M that report it.
= $7,768 / $14,567,938
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013150321NAL0001478721001, received 2025-10-13
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013150321NAL0001478721001, received 2025-10-13
Employer contributions per participant
$1,669
Higher than 38% of the 24,050 plans $10 to 50M that report it.
= $817,619 / 490
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013150321NAL0001478721001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013150321NAL0001478721001, received 2025-10-13
Employer share of total contributions
48.5%
Higher than 92% of the 24,084 plans $10 to 50M that report it.
= $817,619 / $1,685,533
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013150321NAL0001478721001, received 2025-10-13
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013150321NAL0001478721001, received 2025-10-13
96.3% 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 ($15.85 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.
2E profit-sharing · 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 · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251013150321NAL0001478721001, 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 20251013150321NAL0001478721001, received 2025-10-13 |
| Plan name | SCHLAGE LOCK COMPANY LLC EMPLOYEE SAVINGS PLAN FOR BARGAINED EMPLOYEES | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Sponsor EIN / plan number | 54-2139412 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Sponsor location | CARMEL, IN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Industry (business code) | 332510, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251013150321NAL0001478721001, 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 20251013150321NAL0001478721001, received 2025-10-13 |
| Filing received | 2025-10-13 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Participants, beginning of year | 584 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Active participants | 556 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Participants, end of year | 566 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Participants with an account balance | 490 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Total assets, beginning of year | $13,962,971 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Total assets, end of year | $14,567,938 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Net assets, end of year | $14,567,938 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Total income | $3,222,918 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Net income | $604,967 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Employer contributions | $817,619 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Participant contributions | $837,799 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Other contributions (incl. rollovers) | $30,115 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Total contributions | $1,685,533 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Benefit payments | $2,610,183 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Total expenses (incl. benefit payments) | $2,617,951 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Total administrative expenses | $7,768 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Contract administrator fees | $300 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Recordkeeping fees | $7,468 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Investment advisory and management fees | $0 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Administrative expenses excluding investment management | $7,768 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013150321NAL0001478721001, received 2025-10-13 |
| Held in master trusts | $14,033,827 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251013150321NAL0001478721001, 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 20251013150321NAL0001478721001, 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 20251013150321NAL0001478721001, received 2025-10-13 |
| Independent auditor | CLIFTONLARSONALLEN LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251013150321NAL0001478721001, received 2025-10-13 |
Position = column in the DOL layout for form year 2024. Filing 20251013150321NAL0001478721001, 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 | $7,768 | 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 20251013150321NAL0001478721001, received 2025-10-13.
SCHLAGE LOCK CO LLC ESP AND ESPB MT (EIN 542139412, PN 004): plan interest $14,033,827, 1.4% 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 | $13,962,971 | $14,567,938 | 4.3% |
| Participants with a balance | 544 | 490 | -9.9% |
| Administrative expenses | $6,751 | $7,768 | 15.1% |
| Recordkeeping fees per participant | $12.41 | $15.24 | 22.8% |
| Employer contributions | $728,014 | $817,619 | 12.3% |
Prior filing 20241015115005NAL0057317682001, received 2024-10-15; the plan years are contiguous.