401(k) · DOL Form 5500 · 2022

Heritage Bancshares Group, Inc. 401(k) Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
149
Participants Small participant base
69th
Percentile by assets National rank
$82,870
Avg per participant Below avg balance/head
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Official DOL plan name: Heritage Bancshares Group, Inc. 401(k) Retirement Plan · Sponsored by Heritage Bancshares Group, Inc. · Minnesota · Finance & Insurance

$12M in assets, 149 participants

Heritage Bancshares Group, Inc.'s Heritage Bancshares Group, Inc. 401(k) Retirement Plan reported $12M in total assets and 149 participants in its 2022 DOL Form 5500 filing, ranking in the 69th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #4,899 in Finance & Insurance (9,261 peers)

Coverage in Minnesota

Heritage Bancshares Group, Inc. 401(k) Retirement Plan covers 149 participants in Minnesota, about 13% of the average Minnesota filer (state average ~1,126 per filing). Assets: $12M.

#4,899
in Finance & Insurance (9,261 peers)
-20.3%
assets change YoY

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Heritage Bancshares Group, Inc. 401(k) Retirement Plan's outsized position by total assets

Heritage Bancshares Group, Inc. 401(k) Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$12,347,641 Top 31% higher than 69% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Heritage Bancshares Group, Inc. 401(k) Retirement Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Heritage Bancshares Group, Inc. 401(k) Retirement Plan sits mid-pack in the medium band (149 participants).

Form 5500 schedule snapshot

Filing strip 411768838 · Heritage Bancshares Group, Inc. PY 2022 · 401(k)

Heritage Bancshares Group, Inc. 401(k) Retirement Plan · $12M · 149 · 69th

  • SCH $12M
  • SCH 149
  • SCH 69th
  • SCH 401(k)
  • SCH near First Reliance Bank Employee Stock Ownership Plan
  • SCH ind #4899

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Minnesota →

Heritage Bancshares Group, Inc. 401(k) Retirement Plan in the asset neighbourhood

Heritage Bancshares Group, Inc. 401(k) Retirement PlanHeritage Bancshares Group, I…$12MFirst Reliance Bank Employee Stock Ownership PlanFirst Reliance Bank Employee…$12MMeteor Education, LLC 401(k) Profit Sharing PlanMeteor Education, LLC 401(k)…$12MLarson Motors, Inc. 401(k) PlanLarson Motors, Inc. 401(k) P…$12MFire Mountain Gems & Beads Inc 401(k) PlanFire Mountain Gems & Beads I…$12M
End-of-year total assets ($M) among Heritage Bancshares Group, Inc. 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$12M
Net Income-$3M
Employer EIN411768838
Plan Effective Date1995-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Heritage Bancshares Group, Inc.)

Sponsor-wide plan assets over time

All Heritage Bancshares Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$21M 15.03435976843991% vs 2022
2024 filing year
$20M$22M$24M$26M 202220232024 $24.5M $20.8M ▼ -15.0%
Year Plans Participants Total Assets
2022 2 250 $24M
2023 2 197 $25M
2024 2 178 $21M

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Heritage Bancshares Group, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Heritage Bancshares Group, Inc. 401(k) Retirement Plan, Total assets ($B): 0.012347641 · Participants: 149Heritage Bancshares Group, Inc. 401(k) Retirement PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
Heritage Bancshares Group, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Heritage Bancshares Group, Inc. 401(k) Retirement Plan side-by-side with 3 peers →

Heritage Bancshares Group, Inc. 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is First Reliance Bank Employee Stock Ownership Plan in SC ($12M); by covered participants it is Club Med Sales and Management Employee Retirement Plan in FL (149 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (149 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Heritage Bancshares Group, Inc. 401(k) Retirement Plan assets move in 2022? ▼
Heritage Bancshares Group, Inc. 401(k) Retirement Plan declined sharply - down 20.3% during 2022, from $15M to $12M. Reported net income was -$3M.
How have Heritage Bancshares Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Heritage Bancshares Group, Inc.'s sponsor-wide assets declined 15.0%, from $24M to $21M.
Which 401(k) plans are similar in size to Heritage Bancshares Group, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is First Reliance Bank Employee Stock Ownership Plan in SC ($12M, 187 participants).
Which 401(k) plans cover a similar participant headcount to Heritage Bancshares Group, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Club Med Sales and Management Employee Retirement Plan in FL (149 participants, $11M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411768838.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.