Plan Snapshot
- Plan Sponsor: Master Lock Company LLC
- Sponsor EIN: 391142433
- Sponsor Address: 137 WEST FOREST HILL AVENUE, OAK CREEK, WI, 531542901
- Plan Type: DB
- Total Participants: 3
- Total Assets: $50.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3 | $50.7M | $0 | $0 |
| 2023 | 79 | $200.6M | $0 | $0 |
| 2022 | 97 | $208.1M | $2.0M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| AON CONSULTING, INC. | Recordkeeper | $358,492 | — | $358,492 |
| NORTHERN TRUST COMPANY | Other Service Provider | $178,583 | — | $178,583 |
| AON INVESTMENTS, INC. | Other Service Provider | $176,010 | — | $176,010 |
| WILLIS TOWERS WATSON | Recordkeeper | $175,760 | — | $175,760 |
| JP MORGAN INVESTMENT MANAGEMENT INC | Recordkeeper | $51,505 | — | $51,505 |
| BDO USA, P.C. | Auditor | $37,698 | — | $37,698 |
| AETNA LIFE INSURANCE COMPANY | Other Service Provider | $28,144 | — | $28,144 |
| PRUDENTIAL BANK & TRUST COMPANY | Other Service Provider | $23,268 | — | $23,268 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AON CONSULTING, INC. — Recordkeeper
- WILLIS TOWERS WATSON — Recordkeeper
- JP MORGAN INVESTMENT MANAGEMENT INC — Recordkeeper
- BDO USA, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,029,460
- Estimated Expense Ratio: 2.029% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,450,922 | $254,533 | $28,144 | $37,698 | — |
| 2023 | $2,016,522 | $278,863 | $29,305 | $20,610 | — |
| 2022 | $1,507,410 | $366,991 | $30,439 | — | $363,374 |