401(k) · DOL Form 5500 · 2023

Scherer Bros Lumber Co 401(k) Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
139
Participants Small participant base
69th
Percentile by assets National rank
$120,157
Avg per participant Near avg balance/head
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Official DOL plan name: Scherer Bros Lumber Co 401(k) Plan for Production Employees · Sponsored by Scherer Bros Lumber Co · Minnesota · Retail Trade

$17M in assets, 139 participants

Scherer Bros Lumber Co's Scherer Bros Lumber Co 401(k) Plan for Production Employees reported $17M in total assets and 139 participants in its 2023 DOL Form 5500 filing, ranking in the 69th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #6,734 in Retail Trade (8,414 peers)

Coverage in Minnesota

Scherer Bros Lumber Co 401(k) Plan for Production Employees covers 139 participants in Minnesota, about 12% of the average Minnesota filer (state average ~1,126 per filing). Assets: $17M.

#6,734
in Retail Trade (8,414 peers)
+13.3%
assets growth YoY

Scherer Bros Lumber Co 401(k) Plan for Production Employees's outsized position by total assets

Scherer Bros Lumber Co 401(k) Plan for Production Employees vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$16,701,797 Top 31% higher than 69% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Scherer Bros Lumber Co 401(k) Plan for Production Employees among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Scherer Bros Lumber Co 401(k) Plan for Production Employees sits mid-pack in the medium band (139 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Scherer Bros Lumber Co 401(k) Plan for Production Employees reported net income rose from -$4M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Scherer Bros Lumber Co 401(k) Plan for Production Employees end-of-year assets rose from $15M in the plan year 2022 filing to $17M in the plan year 2023 filing.
  • Scherer Bros Lumber Co 401(k) Plan for Production Employees reported participants fell from 150 in the plan year 2022 filing to 139 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 410678286 · Scherer Bros Lumber Co PY 2023 · 401(k)

Scherer Bros Lumber Co 401(k) Plan for Production Employees · $17M · 139 · 69th

  • RANK $17M
  • PHOTO 139
  • IND 69th
  • EOY 401(k)
  • 5500 near Container Supply Company 401(k) Profit Sharing Plan
  • ASSETS ind #6734

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Retail Trade retirement plans → · Plans in Minnesota →

Scherer Bros Lumber Co 401(k) Plan for Production Employees in the asset neighbourhood

Scherer Bros Lumber Co 401(k) Plan for Production EmployeesScherer Bros Lumber Co 401(k…$17MContainer Supply Company 401(k) Profit Sharing PlanContainer Supply Company 401…$17MPrecision Concepts International LLCPrecision Concepts Internati…$17MGreat American Restaurants Profit Sharing PlanGreat American Restaurants P…$17MFrankfurt-Short-Bruza Associates P.C. 401(k) Profit Sharing PlanFrankfurt-Short-Bruza Associ…$17M
End-of-year total assets ($M) among Scherer Bros Lumber Co 401(k) Plan for Production Employees and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$17M
Net Income$2M
Employer EIN410678286
Plan Effective Date1987-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Scherer Bros Lumber Co)

Sponsor-wide plan assets over time

All Scherer Bros Lumber Co plans reported in each filing year

Latest sponsor-wide plan assets
$79M 17.92188897837532% vs 2022
2024 filing year
$65M$70M$75M$80M 202220232024 $66.7M $78.6M ▲ +17.9%
Year Plans Participants Total Assets
2022 3 544 $67M
2023 3 474 $75M
2024 3 502 $79M

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Scherer Bros Lumber Co 401(k) Plan for Production Employees vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Scherer Bros Lumber Co 401(k) Plan for Production Employees, Total assets ($B): 0.016701797 · Participants: 139Scherer Bros Lumber Co 401(k) Plan for Production EmployeesUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Scherer Bros Lumber Co 401(k) Plan for Production Employees vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Scherer Bros Lumber Co 401(k) Plan for Production Employees side-by-side with 3 peers →

Scherer Bros Lumber Co 401(k) Plan for Production Employees's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Container Supply Company 401(k) Profit Sharing Plan in CA ($17M); by covered participants it is Daman Products Company, Inc. 401(k) and Profit Sharing Plan in IN (139 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (139 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Scherer Bros Lumber Co 401(k) Plan for Production Employees assets move in 2023? ▼
Scherer Bros Lumber Co 401(k) Plan for Production Employees grew at a solid clip - up 13.3% during 2023, from $15M to $17M. Reported net income was $2M.
How have Scherer Bros Lumber Co plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Scherer Bros Lumber Co's sponsor-wide assets grew 17.9%, from $67M to $79M.
Which 401(k) plans are similar in size to Scherer Bros Lumber Co 401(k) Plan for Production Employees? ▼
Among 401(k) plans in other states, the closest by assets is Container Supply Company 401(k) Profit Sharing Plan in CA ($17M, 82 participants).
Which 401(k) plans cover a similar participant headcount to Scherer Bros Lumber Co 401(k) Plan for Production Employees? ▼
Among 401(k) plans in other states, the closest by covered participants is Daman Products Company, Inc. 401(k) and Profit Sharing Plan in IN (139 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410678286.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.