401(k) · DOL Form 5500 · 2024

Scherer Bros. Lumber Co. 401(k) Plan

Data updated 2026-08-25

$48M
Total assets Below avg plan size
186
Participants Below avg headcount
84th
Percentile by assets National rank
$256,512
Avg per participant Above avg 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

$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.

  • #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.

#7,304
in Retail Trade (8,048 peers)
+4.8%
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 2024 · DOL Form 5500

$47,711,139 Top 16% higher than 84% of 123,620 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 2024

Scherer Bros Lumber Co 401(k) Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2024 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 (186 participants).

What changed between DOL Form 5500 filings

plan year 2023 → 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 →

Form 5500 schedule snapshot

Filing strip 410678286 · Scherer Bros. Lumber Co. PY 2024 · 401(k)

Scherer Bros Lumber Co 401(k) Profit Sharing Plan · $48M · 186 · 84th

  • EBSA $48M
  • PART 186
  • TYPE 84th
  • NET 401(k)
  • BOOK near Foxconn Industrial Internet / Pce Paragon Solutions 401(k)
  • VS-ST ind #7304

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

Scherer Bros Lumber Co 401(k) Profit Sharing PlanScherer Bros Lumber Co 401(k…$48MFoxconn Industrial Internet / Pce Paragon Solutions 401(k)Foxconn Industrial Internet …$48MRosen USA 401(k) Plan$48MDuke Manufacturing Company Retirement PlanDuke Manufacturing Company R…$48MCasner & Edwards, LLP 401(k) Profit Sharing PlanCasner & Edwards, LLP 401(k)…$48M
End-of-year total assets ($M) among Scherer Bros Lumber Co 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$46M
Net Assets (End of Year)$48M
Net Income$2M
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 -20020406080 Total assets ($B) Participants Scherer Bros Lumber Co 401(k) Profit Sharing Plan, Total assets ($B): 0.047711139 · Participants: 186Scherer Bros Lumber Co 401(k) Profit Sharing PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 57.886997456 · Participants: 179076Wells Fargo & Company 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 26.618762181 · Participants: 205460Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 14.419645154 · Participants: 409649Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 13.719378 · Participants: 38480Medtronic Savings and Investment PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 11.442089862 · Participants: 73109U.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 Foxconn Industrial Internet / Pce Paragon Solutions 401(k) in TX ($48M); by covered participants it is Recovery Unplugged 401(k) Plan in FL (186 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (186 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 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).
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 Recovery Unplugged 401(k) Plan in FL (186 participants, $859K in assets).

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.

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.