401(k) · DOL Form 5500 · 2024

Scherer Bros. Lumber Co. 401(k) Plan

Data updated 2026-08-11

$48M
Total assets: 186
Participants: 84th
Percentile by assets: $256,512
Avg per participant

Official DOL plan name: Scherer Bros Lumber Co 401(k) Profit Sharing Plan · Sponsored by Scherer Bros. Lumber Co. · Minnesota · Retail Trade

$48M in assets, 186 participants

Scherer Bros. Lumber Co.'s Scherer Bros Lumber Co 401(k) Profit Sharing Plan reported $48M in total assets and 186 participants in its 2024 DOL Form 5500 filing, ranking in the 84th 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.

84th percentile by assets (of 123,622 plans)
#7,304 in Retail Trade (8,048 peers)

Coverage in Minnesota

Scherer Bros Lumber Co 401(k) Profit Sharing Plan covers 186 participants in Minnesota, about 17% of the average Minnesota filer (state average ~1,126 per filing). Assets: $48M.

$48M
total plan assets (2024 EOY): 186
covered participants: 84th
percentile by assets (of 123,622 plans): $256,512
avg assets per participant

Where Scherer Bros Lumber Co 401(k) Profit Sharing Plan sits 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 2024 · DOL Form 5500

$47,711,139 Top 16% higher than 84% of 123,620 filed plans

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

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Scherer Bros Lumber Co 401(k) Profit Sharing Plan reported net income fell from $6M in the plan year 2023 filing to $2M in the plan year 2024 filing.
Scherer Bros Lumber Co 401(k) Profit Sharing Plan reported participants rose from 163 in the plan year 2023 filing to 186 in the plan year 2024 filing.
Scherer Bros Lumber Co 401(k) Profit Sharing Plan end-of-year assets rose from $46M in the plan year 2023 filing to $48M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Minnesota

Industry

Retail Trade

Participants vs Minnesota filers

In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Scherer Bros Lumber Co 401(k) Profit Sharing Plan reports 186 participants - about 17% of that state average ($48M EOY assets).

Minnesota filing particulars

Total Assets (Beginning of Year)	$46M
Net Assets (End of Year)	$48M
Net Income	$2M
Employer EIN	410678286
Plan Effective Date	1955-04-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Scherer Bros. Lumber Co.)

Total plan assets by year, all Scherer Bros. Lumber Co. plans on file

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

Wells Fargo & Company 401(k) Plan $57.9B · 179,076
Unitedhealth Group 401(k) Savings Plan $26.6B · 205,460
Target Corporation 401(k) Plan $14.4B · 409,649
Medtronic Savings and Investment Plan $13.7B · 38,480
U.S. Bank 401(k) Savings Plan $11.4B · 73,109

Compare Scherer Bros Lumber Co 401(k) Profit Sha… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Scherer Bros Lumber Co 401(k) Profit Sharing Plan by total assets, not by location.

Foxconn Industrial Internet / Pce Paragon Solutions 401(k) (TX) $48M · 1,086
Rosen USA 401(k) Plan (TX) $48M · 619
Duke Manufacturing Company Retirement Plan (MO) $48M · 638
Casner & Edwards, LLP 401(k) Profit Sharing Plan (MA) $48M · 88

Frequently Asked Questions

How did Scherer Bros Lumber Co 401(k) Profit Sharing Plan assets move in 2024? ▼

Scherer Bros Lumber Co 401(k) Profit Sharing Plan edged up modestly - up 4.8% during 2024, from $46M to $48M. 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.

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 84th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Foxconn Industrial Internet / Pce Paragon Solutions 401(k) in TX ($48M, 1,086 participants).

Next read for Scherer Bros Lumber Co 401(k) Profit Sha…

Filing takeaways

Ways to act on Scherer Bros Lumber Co 401(k) Profit Sharing Plan's numbers.

By total assets, Scherer Bros Lumber Co 401(k) Profit Sharing Plan ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
Scherer Bros. Lumber Co.'s sponsor-wide assets have grown 17.9% since 2022 across 3 plan years on file. More Retail Trade plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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