# Scherer Bros. Lumber Co. 401(k) Plan
Source: https://planprovider.pro/companies/scherer-bros-lumber-co-410678286-001

> Scherer Bros. Lumber Co.'s 401(k) plan: 193 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/charles-schwab-and-co-inc) — 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|—|—|

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