Master Lock 401(k) match, vesting and fees
What Master Lock's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Bdo USA, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 58,980 defined-contribution plans in manufacturing with fewer than 100 participants.
| Master Lock: employer contribution per participant | $4,086 | |
| Peer median | $1,774 |
| Master Lock: average balance | $26,160 | |
| Peer median | $61,061 |
| Master Lock: admin expenses ÷ assets | 0.06% | |
| Peer median | 0.43% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $25M at the end of plan year 2021 to $209K at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 9 | $209K | $33K | $4,086 | 0.06% | Not published | Form 5500 ↗ |
| 2023 | 305 | $17.5M | $419K | $1,401 | 0.20% | Not published | Form 5500 ↗ |
| 2022 | 394 | $17.2M | $444K | $1,204 | 0.14% | Not published | Form 5500 ↗ |
| 2021 | 413 | $25M | $430K | $1,179 | 0.10% | Not published | Form 5500 ↗ |
Other Master Lock plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Master Lock Company Employee IRA Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Master Lock Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Aon Consulting, Inc. | Schedule C ↗ |
| Independent auditor | Bdo USA, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Master Lock match 401(k) contributions?
The match terms for the Master Lock Company Savings Plan for Hourly Paid Union Employees Plan have not been published from its filing yet. The plan year 2024 filing reports $33K in employer contributions, about $4,086 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Master Lock 401(k) match vested?
The vesting schedule for the Master Lock Company Savings Plan for Hourly Paid Union Employees Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Master Lock 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Fbhs Employee Benefits Committee.
I left Master Lock. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Fbhs Employee Benefits Committee, (847) 484-4400) or the recordkeeper, Fidelity Investments Institutional. The Master Lock old 401(k) page lists the contacts from every plan filing. Find an old Master Lock 401(k)
Data from the public Form 5500 annual reports Master Lock filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Master Lock. Not financial advice. Report a correction · Methodology