SCHERER BROS LUMBER CO 401(K) PLAN FOR PRODUCTION EMPLOYEES
Plan Contact
- Address: 9401 73RD AVE NORTH SUITE 400,BROOKLYN PARK,MN
- Phone: (612) 379-9633
Plan General Information
SCHERER BROS LUMBER CO 401(K) PLAN FOR PRODUCTION EMPLOYEES Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SCHERER BROS LUMBER CO 401(K) PLAN FOR PRODUCTION EMPLOYEES is $14,740,428.00.This plan was established in 1987.
SCHERER BROS LUMBER CO 401(K) PLAN FOR PRODUCTION EMPLOYEES Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SCHERER BROS LUMBER CO 401(K) PLAN FOR PRODUCTION EMPLOYEES is 238
SCHERER BROS LUMBER CO 401(K) PLAN FOR PRODUCTION EMPLOYEES Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SCHERER BROS LUMBER CO 401(K) PLAN FOR PRODUCTION EMPLOYEES is $61,934.00
SCHERER BROS LUMBER CO 401(K) PLAN FOR PRODUCTION EMPLOYEES Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SCHERER BROS LUMBER CO 401(K) PLAN FOR PRODUCTION EMPLOYEES is $2,477.00.
SCHERER BROS LUMBER CO 401(K) PLAN FOR PRODUCTION EMPLOYEES Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SCHERER BROS LUMBER CO 401(K) PLAN FOR PRODUCTION EMPLOYEES is approximately $1,232.00
Investing in this additonal $1,232.00 for 20 years would give you extra $78,894.00, assuming a 10% annual return.
Investing in this additonal $1,232.00 for 20 years would give you extra $78,894.00, assuming a 10% annual return.
SCHERER BROS LUMBER CO 401(K) PLAN FOR PRODUCTION EMPLOYEES Total Employer Contribution and Match Rate
In 2023, SCHERER BROS LUMBER CO 401(K) PLAN FOR PRODUCTION EMPLOYEES allocates $293,390.00 to match its employees' contributions, providing an employer match rate of 51.38% of their contributions
SCHERER BROS LUMBER CO 401(K) PLAN FOR PRODUCTION EMPLOYEES Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SCHERER BROS LUMBER CO 401(K) PLAN FOR PRODUCTION EMPLOYEES is -19.97%.
SCHERER BROS LUMBER CO 401(K) PLAN FOR PRODUCTION EMPLOYEES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SCHERER BROS LUMBER CO 401(K) PLAN FOR PRODUCTION EMPLOYEES is -8.39%. This measures the effectiveness of the plan participants' investments in the year.
SCHERER BROS LUMBER CO 401(K) PLAN FOR PRODUCTION EMPLOYEES Expense Ratio
In 2023, the investment and administrative expense ratio of SCHERER BROS LUMBER CO 401(K) PLAN FOR PRODUCTION EMPLOYEES is 0.11%.
Enrollment Features
SCHERER BROS LUMBER CO 401(K) PLAN FOR PRODUCTION EMPLOYEES has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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