The lock ring will almost let the bearing through, where as the race against the lock ring would not. However when assembling, you would need to drop the bearing with the big side out, then pound the race past the retainer ring groove, install the ring, flip the hub over, and seat the race against the ring. Then keyed washer, adjuster nut, lock ring, jam nut. This does not seem logical, but neither is math nor women. Pic is how the bearing would be installed, race on the inside, bearing, keyed washer, lock nut and etc.