Scherer Bros. Lumber Co. Employee Stock Ownership Plan — 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. Employee Stock Ownership Plan is a benefit plan reported by Scherer Bros Lumber Co under EIN 41-0678286 and plan number 006. The latest loaded filing year is 2023. The filing reports 257 participants and $13,100,768 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$13.1MPlan net assets, end of year$13,100,768
Participants257Covered participants reported
Assets / participant$51KComputed: assets ÷ participants$50,976 (computed)
Provider compensationNone reported
Plan sponsor
Scherer Bros Lumber Co
EIN
41-0678286
Plan number
006
Plan type
2
Location
Brooklyn Park, MN
Latest filing year
2023
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    257 participants · 2Sch H
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$13.1M total assets
Net assets$13.1MLiabilities$0
Money in vs. money out
Total income / additions$2.7M
Total expenses$2.4M
Benefits paid / distributions$2.4M
Contributions
Employer$665K
ParticipantNot reported
Full reported line items

Net assets

Total assets (EOY)
$13,100,768
Total liabilities (EOY)
$0
Net assets (EOY)
$13,100,768
Net assets (BOY)
$12,805,530

Income & contributions

Employer contributions
$665,000
Total contributions
$665,000
Total income / additions
$2,686,455

Expenses & distributions

Benefits paid
$2,391,217
Administrative expenses
$0
Total expenses
$2,391,217
Net increase / (decrease)
$295,238
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Total expenses ÷ net assets18%Computed ratio
Benefits paid ÷ total income89%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages