Plan Snapshot
- Plan Sponsor: Schlage Lock Company LLC
- Sponsor EIN: 542139412
- Sponsor Address: 11819 NORTH PENNSYLVANIA STREET, CARMEL, IN, 46032
- Plan Type: DB
- Total Participants: 1,110
- Total Assets: $227.8M
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 | 1,110 | $227.8M | $0 | $0 |
| 2023 | 1,210 | $244.0M | $0 | $0 |
| 2022 | 1,360 | $241.8M | $0 | $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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $814,323 | — | $814,323 |
| TOWERS WATSON INVESTMENT SERVICES | Other Service Provider | $384,608 | — | $384,608 |
| STATE STREET | Other Service Provider | $57,271 | — | $57,271 |
| WELLINGTON TRUST COMPANY | Other Service Provider | $51,744 | — | $51,744 |
| IR+M COLLECTIVE INVESTMENT TRUST | Other Service Provider | $40,679 | — | $40,679 |
| CLIFTON LARSON ALLEN | Auditor | $24,097 | — | $24,097 |
| SSGA | Other Service Provider | $17,267 | — | $17,267 |
| LEGAL & GENERAL INVESTMENT MANAGEME | Other Service Provider | $8,122 | — | $8,122 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- CLIFTON LARSON ALLEN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,398,111
- Estimated Expense Ratio: 0.614% 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 | $1,861,499 | $461,741 | $648,602 | $24,097 | — |
| 2023 | $1,733,610 | $365,063 | $620,989 | $17,850 | — |
| 2022 | $1,694,243 | $129,752 | — | — | $961,887 |