401(k) · DOL Form 5500 · 2022

Herk Business Group Inc. 401(k) Plan

Data updated 2026-08-25

$717K
Total assets Small plan by assets
7
Participants Small participant base
22nd
Percentile by assets National rank
$102,405
Avg per participant Below avg balance/head
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Official DOL plan name: Herk Business Group Inc. Retirement Plan · Sponsored by Herk Business Group Inc. · Minnesota · Transportation & Warehousing

$717K in assets, 7 participants

Herk Business Group Inc.'s Herk Business Group Inc. Retirement Plan reported $717K in total assets and 7 participants in its 2022 DOL Form 5500 filing, ranking in the 22nd 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.

  • #818 in Transportation & Warehousing (3,876 peers)

Herk Business Group Inc. multi-year trail

Herk Business Group Inc.'s plans moved +311.6% in assets from 2022 to 2024; this filing shows Herk Business Group Inc. Retirement Plan at $717K / 7 participants.

#818
in Transportation & Warehousing (3,876 peers)
-29.3%
assets change YoY

The plan reported a net loss of $297K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Herk Business Group Inc. Retirement Plan among the smaller filed plans by assets

Herk Business Group Inc. Retirement Plan vs every filed plan by assets

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

$716,835 22nd percentile higher than 22% 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

Herk Business Group Inc. Retirement Plan among micro filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Herk Business Group Inc. Retirement Plan is a micro filing (7 participants), the leftmost band.

Form 5500 schedule snapshot

Filing strip 853605779 · Herk Business Group Inc. PY 2022 · 401(k)

Herk Business Group Inc. Retirement Plan · $717K · 7 · 22nd

  • 5500 $717K
  • ASSETS 7
  • PCT 22nd
  • EIN 401(k)
  • RANK near Nick J. Perisin, Inc. Single K
  • PHOTO ind #818

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 Transportation & Warehousing retirement plans → · Plans in Minnesota →

Herk Business Group Inc. Retirement Plan in the asset neighbourhood

Herk Business Group Inc. Retirement PlanHerk Business Group Inc. Ret…$717KNick J. Perisin, Inc. Single KNick J. Perisin, Inc. Single…$717KThe Bounce Factory Inc 401(k) PlanThe Bounce Factory Inc 401(k…$717KRice Retirement Plan$717KRudolph Commercial Interiors, Inc. 401(k) Profit Sharing Plan for Union EmployeesRudolph Commercial Interiors…$717K
End-of-year total assets ($M) among Herk Business Group Inc. Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Herk Business Group Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Herk Business Group Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3M 311.60434409592165% vs 2022
2024 filing year
$0M$1M$2M$3M$4M 202220232024 $0.72M $2.95M ▲ +309.7%
Year Plans Participants Total Assets
2022 1 7 $717K
2023 1 11 $1M
2024 1 14 $3M

Herk Business Group Inc. filing trail (2022)

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$717K
Net Income-$297K
Employer EIN853605779
Plan Effective Date2020-11-16
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Minnesota

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

Herk Business Group Inc. Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Herk Business Group Inc. Retirement Plan, Total assets ($B): 0.000716835 · Participants: 7Herk Business Group Inc. 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
Herk Business Group Inc. Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Herk Business Group Inc. Retirement Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is Nick J. Perisin, Inc. Single K in IL ($717K); by covered participants it is Stel Pro Inc 401(k) Plan in TX (7 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (7 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 Herk Business Group Inc. Retirement Plan assets move in 2022? ▼
Herk Business Group Inc. Retirement Plan declined sharply - down 29.3% during 2022, from $1M to $717K. Reported net income was -$297K.
How have Herk Business Group Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Herk Business Group Inc.'s sponsor-wide assets grew 311.6%, from $717K to $3M.
Where does Herk Business Group Inc. Retirement Plan rank by assets among Form 5500 filers? ▼
Herk Business Group Inc. Retirement Plan ranks in the 22nd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the smaller plans by assets on file).
Which 401(k) plans are similar in size to Herk Business Group Inc. Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Nick J. Perisin, Inc. Single K in IL ($717K, 2 participants).
Which 401(k) plans cover a similar participant headcount to Herk Business Group Inc. Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Stel Pro Inc 401(k) Plan in TX (7 participants, $67K 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 853605779.

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.