Scherer Bros Lumber Co 401(K) Plan For Production Employees — Form 5500 plan (Scherer Bros Lumber Co)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Scherer Bros Lumber Co 401(K) Plan For Production Employees is a benefit plan reported by Scherer Bros Lumber Co under EIN 41-0678286 and plan number 005. The latest loaded filing year is 2023. The filing reports 219 participants and $16,701,797 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Scherer Bros Lumber Co
- EIN
- 41-0678286
- Plan number
- 005
- Plan type
- 2
- Location
- Brooklyn Park, MN
- Latest filing year
- 2023
- Participants
- 219
- End-of-year plan assets
- $16,701,797
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 219 | H, C | 20241212080554NAL0007716067001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $16,701,797
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,701,797
- Net assets (BOY)
- $14,740,428
Income & contributions
- Employer contributions
- $286,950
- Participant contributions
- $559,495
- Total contributions
- $878,827
- Total income / additions
- $3,722,510
Expenses & distributions
- Benefits paid
- $1,753,272
- Administrative expenses
- $7,869
- Total expenses
- $1,761,141
- Net increase / (decrease)
- $1,961,369
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Minnesota Life Insurance Company | NONE | $7,570 | $0 | 2023 |