Scherer Bros. Lumber 401(k) match, vesting and fees
What Scherer Bros. Lumber's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Stancorp Financial Group | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,141 defined-contribution plans in retail trade with 100 to 499 participants.
| Scherer Bros. Lumber: employer contribution per participant | $2,536 | |
| Peer median | $1,216 |
| Scherer Bros. Lumber: average balance | $191,611 | |
| Peer median | $50,590 |
| Scherer Bros. Lumber: admin expenses ÷ assets | 0.01% | |
| Peer median | 0.43% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $42.5M at the end of plan year 2021 to $47.7M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 265 | $47.7M | $631K | $2,536 | 0.01% | Not published | Form 5500 ↗ |
| 2023 | 244 | $45.5M | $628K | $2,777 | 0.01% | Not published | Form 5500 ↗ |
| 2022 | 228 | $39.1M | $591K | $2,662 | <0.01% | Not published | Form 5500 ↗ |
| 2021 | 214 | $42.5M | $509K | $2,460 | <0.01% | Not published | Form 5500 ↗ |
Other Scherer Bros. Lumber plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Scherer Bros Lumber Co 401(k) Plan for Production Employees
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Minnesota Life Insurance Company | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Scherer Bros. Lumber Co. Employee Stock Ownership Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Clifton Larson Allen LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Common questions
Does Scherer Bros. Lumber match 401(k) contributions?
The match terms for the Scherer Bros Lumber Co 401k Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $631K in employer contributions, about $2,536 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Scherer Bros. Lumber 401(k) match vested?
The vesting schedule for the Scherer Bros Lumber Co 401k Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Scherer Bros. Lumber 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Stancorp Financial Group. The plan administrator is Scherer Bros. Lumber Co..
I left Scherer Bros. Lumber. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Scherer Bros. Lumber Co., (612) 627-0840) or the recordkeeper, Stancorp Financial Group. The Scherer Bros. Lumber old 401(k) page lists the contacts from every plan filing. Find an old Scherer Bros. Lumber 401(k)
Data from the public Form 5500 annual reports Scherer Bros. Lumber filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Scherer Bros. Lumber. Not financial advice. Report a correction · Methodology