Plan Snapshot
- Plan Sponsor: Scherer Bros. Lumber Co.
- Sponsor EIN: 410678286
- Sponsor Address: 9401 73RD AVENUE NORTH SUITE 400, BROOKLYN PARK, MN, 55428
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 193
- Total Assets: $47.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 193 | $47.7M | $631,463 | $1.7M |
| 2023 | 179 | $45.5M | $627,664 | $1.6M |
| 2022 | 162 | $39.1M | $590,969 | $1.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | Recordkeeper | $48,686 | — | $48,686 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL GROUP — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,686
- Estimated Expense Ratio: 0.102% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $4,910 | — | $4,910 | — | — |
| 2023 | $4,356 | — | $4,356 | — | — |
| 2022 | $3,417 | — | $3,417 | — | — |