Scherer Bros. Lumber Co.
62
Plan:
27
59
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 25 point difference between this plan's BrightScope Rating (62) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
13 additional years of work Up to $153,600 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.
Retirement Plan Description
Scherer Bros. Lumber Co. 401k Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 62. This plan is in the top 35% of plans for Account Balances. Scherer Bros. Lumber Co. 401k Profit Sharing Plan currently has over 200 active participants and over $15.2M in plan assets.
Retirement Plan Details
| Address |
9401 73rd Avenue North Suite 400
Brooklyn Park, MN 55428 |
| Industry | Other Building Material Dealers |
| Administrator | Peter L. Scherer |
| Net Plan Assets | $15,200,000 |
| Total Participants | 230 |
| Avg Account Balance | $66,000 |
Compare Other Companies in Peer Group
| Hickory Farms | 75.3 |
| PSS World Medical | 65.0 |
| WinCo Holdings | 63.1 |
| Ramos Oil Company | 59.3 |
| Piggly Wiggly Carolina Co. | 57.2 |
| Webco Hawaii | 55.3 |
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