Strattec Security 401(k) match, vesting and fees
What Strattec Security'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 | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Sikich Cpa LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,612 defined-contribution plans in manufacturing with 500 to 999 participants.
| Strattec Security: employer contribution per participant | $3,561 | |
| Peer median | $2,038 |
| Strattec Security: average balance | $191,746 | |
| Peer median | $72,907 |
| Strattec Security: admin expenses ÷ assets | 0.09% | |
| Peer median | 0.20% |
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 $113M at the end of plan year 2021 to $107M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 573 | $107M | $2M | $3,561 | 0.09% | Not published | Form 5500 ↗ |
| 2023 | 734 | $97.1M | $1.9M | $2,981 | 0.08% | Not published | Form 5500 ↗ |
| 2022 | 758 | $88.2M | $1.8M | $2,799 | 0.10% | Not published | Form 5500 ↗ |
| 2021 | 762 | $113M | $1.9M | $2,901 | 0.16% | Not published | Form 5500 ↗ |
Common questions
Does Strattec Security match 401(k) contributions?
The match terms for the Strattec Security Corporation Employee Savings and Investment Plan have not been published from its filing yet. The plan year 2024 filing reports $2M in employer contributions, about $3,561 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Strattec Security 401(k) match vested?
The vesting schedule for the Strattec Security Corporation Employee Savings and Investment Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Strattec Security 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Strattec Security Corporation.
I left Strattec Security. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Strattec Security Corporation, (414) 247-3333) or the recordkeeper, Principal Life Insurance Company. The Strattec Security old 401(k) page lists the contacts from every plan filing. Find an old Strattec Security 401(k)
Data from the public Form 5500 annual reports Strattec Security 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 Strattec Security. Not financial advice. Report a correction · Methodology