401(k) · DOL Form 5500 · 2023

Scherer Bros Lumber Co 401(k) Plan

Data updated 2026-08-25

$46M
Total assets Below avg plan size
163
Participants Small participant base
85th
Percentile by assets National rank
$279,189
Avg per participant High balance/head
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Official DOL plan name: Scherer Bros Lumber Co 401(k) Profit Sharing Plan · Sponsored by Scherer Bros Lumber Co · Minnesota · Retail Trade

$46M in assets, 163 participants

Scherer Bros Lumber Co's Scherer Bros Lumber Co 401(k) Profit Sharing Plan reported $46M in total assets and 163 participants in its 2023 DOL Form 5500 filing, ranking in the 85th 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.

  • #7,677 in Retail Trade (8,414 peers)

Coverage in Minnesota

Scherer Bros Lumber Co 401(k) Profit Sharing Plan covers 163 participants in Minnesota, about 14% of the average Minnesota filer (state average ~1,126 per filing). Assets: $46M.

#7,677
in Retail Trade (8,414 peers)
+16.3%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Scherer Bros Lumber Co 401(k) Profit Sharing Plan's outsized position by total assets

Scherer Bros Lumber Co 401(k) Profit Sharing Plan vs every filed plan by assets

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

$45,507,877 Top 15% higher than 85% 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) Profit Sharing Plan 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) Profit Sharing Plan sits mid-pack in the medium band (163 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Scherer Bros Lumber Co 401(k) Profit Sharing Plan reported net income rose from -$3M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Scherer Bros Lumber Co 401(k) Profit Sharing Plan end-of-year assets rose from $39M in the plan year 2022 filing to $46M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

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

Scherer Bros Lumber Co 401(k) Profit Sharing Plan · $46M · 163 · 85th

  • 5500 $46M
  • 5500 163
  • 5500 85th
  • 5500 401(k)
  • 5500 near Associated Grocers, Inc. 401(k) Profit Sharing Plan
  • 5500 ind #7677

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) Profit Sharing Plan in the asset neighbourhood

Resonetics 401(k) Plan$46MScherer Bros Lumber Co 401(k) Profit Sharing PlanScherer Bros Lumber Co 401(k…$46MAssociated Grocers, Inc. 401(k) Profit Sharing PlanAssociated Grocers, Inc. 401…$46MPhysician Specialists in Anesthesia, PC 401(k) Profit Sharing PlanPhysician Specialists in Ane…$46MNational Debt Relief 401(k) Profit Sharing Plan and TrustNational Debt Relief 401(k) …$46M
End-of-year total assets ($M) among Scherer Bros Lumber Co 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$39M
Net Assets (End of Year)$46M
Net Income$6M
Employer EIN410678286
Plan Effective Date1955-04-01
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) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Scherer Bros Lumber Co 401(k) Profit Sharing Plan, Total assets ($B): 0.045507877 · Participants: 163Scherer Bros Lumber Co 401(k) Profit Sharing PlanUnitedhealth 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) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Scherer Bros Lumber Co 401(k) Profit Sharing Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is Associated Grocers, Inc. 401(k) Profit Sharing Plan in LA ($46M); by covered participants it is Vvc of Texas LLC 401 (K) Profit Sharing Plan & Trust in TX (163 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (163 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) Profit Sharing Plan assets move in 2023? ▼
Scherer Bros Lumber Co 401(k) Profit Sharing Plan grew sharply - up 16.3% during 2023, from $39M to $46M. Reported net income was $6M.
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.
Where does Scherer Bros Lumber Co 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Scherer Bros Lumber Co 401(k) Profit Sharing Plan ranks in the 85th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Scherer Bros Lumber Co 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Associated Grocers, Inc. 401(k) Profit Sharing Plan in LA ($46M, 316 participants).
Which 401(k) plans cover a similar participant headcount to Scherer Bros Lumber Co 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Vvc of Texas LLC 401 (K) Profit Sharing Plan & Trust in TX (163 participants, $491K 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.