Scherer Bros Lumber Co 401k Profit Sharing 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 401k Profit Sharing Plan is a benefit plan reported by Scherer Bros Lumber Co under EIN 41-0678286 and plan number 001. The latest loaded filing year is 2023. The filing reports 229 participants and $45,507,877 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
- 001
- Plan type
- 2
- Location
- Brooklyn Park, MN
- Latest filing year
- 2023
- Participants
- 229
- End-of-year plan assets
- $45,507,877
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 229 | H, C | 20241212082600NAL0025401794001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $45,507,877
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $45,507,877
- Net assets (BOY)
- $39,129,575
Income & contributions
- Employer contributions
- $627,664
- Participant contributions
- $1,563,429
- Total contributions
- $2,193,179
- Total income / additions
- $9,909,359
Expenses & distributions
- Benefits paid
- $3,526,701
- Administrative expenses
- $4,356
- Total expenses
- $3,531,057
- Net increase / (decrease)
- $6,378,302
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Minnesota Life Insurance Company | NONE | $4,356 | $0 | 2023 |