# Scherer Bros Lumber Co 401(k) Plan
Source: https://planprovider.pro/companies/scherer-bros-lumber-co-410678286-005

> Scherer Bros Lumber Co's 401(k) plan: 142 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 AVE NORTH SUITE 400, BROOKLYN PARK, MN, 55428

- **Plan Type:** 401(k)

- **Plan Number:** 005

- **Total Participants:** 142

- **Total Assets:** $16.8M

## 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|142|$16.8M|$288,639|$611,528|

| 2023|141|$16.7M|$286,950|$559,495|

| 2022|136|$14.7M|$293,390|$571,035|

## 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|

| MINNESOTA LIFE INSURANCE COMPANY|Other Service Provider|$31,771|—|$31,771|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $31,771

- **Estimated Expense Ratio:** 0.190% 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|$15,512|—|$15,512|—|—|

| 2023|$7,869|—|$7,869|—|—|

| 2022|$16,811|—|$16,811|—|—|

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