401(k) · DOL Form 5500 · 2022

Herc-U-Lift, Inc. 401(k) Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets
180
Participants Small participant base
75th
Percentile by assets National rank
$97,966
Avg per participant Below avg balance/head
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Official DOL plan name: Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan · Sponsored by Herc-U-Lift, Inc. · Minnesota · Wholesale Trade

$18M in assets, 180 participants

Herc-U-Lift, Inc.'s Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan reported $18M in total assets and 180 participants in its 2022 DOL Form 5500 filing, ranking in the 75th 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.

  • #4,935 in Wholesale Trade (6,843 peers)

Coverage in Minnesota

Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan covers 180 participants in Minnesota, about 16% of the average Minnesota filer (state average ~1,126 per filing). Assets: $18M.

#4,935
in Wholesale Trade (6,843 peers)
-14.0%
assets change YoY
0.2×
vs typical plan assets (national mean)

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.

Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan's outsized position by total assets

Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan vs every filed plan by assets

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

$17,633,903 Top 25% higher than 75% 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

Herc-U-Lift, Inc. Profit Sharing Savings for 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. Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan sits mid-pack in the medium band (180 participants).

Form 5500 schedule snapshot

Filing strip 410968548 · Herc-U-Lift, Inc. PY 2022 · 401(k)

Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan · $18M · 180 · 75th

  • PCT $18M
  • EIN 180
  • RANK 75th
  • PHOTO 401(k)
  • IND near I-Car 401(k) Profit Sharing Plan
  • EOY ind #4935

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 Wholesale Trade retirement plans → · Plans in Minnesota →

Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan in the asset neighbourhood

Tug Hill, Inc. 401(k) Plan$18MMovable Ink 401(k) Plan$18MHerc-U-Lift, Inc. Profit Sharing Savings for Retirement PlanHerc-U-Lift, Inc. Profit Sha…$18MI-Car 401(k) Profit Sharing PlanI-Car 401(k) Profit Sharing …$18MTgf Management Group 401(k) PlanTgf Management Group 401(k) …$18M
End-of-year total assets ($M) among Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$21M
Net Assets (End of Year)$18M
Net Income-$3M
Employer EIN410968548
Plan Effective Date1988-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Herc-U-Lift, Inc.)

Sponsor-wide plan assets over time

All Herc-U-Lift, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$22M 23.27801168011415% vs 2022
2024 filing year
$16M$18M$20M$22M$24M 202220232024 $17.6M $21.7M ▲ +23.3%
Year Plans Participants Total Assets
2022 1 180 $18M
2023 1 175 $20M
2024 1 216 $22M

Nearby 401(k) Plans in Minnesota

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

Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan, Total assets ($B): 0.017633903 · Participants: 180Herc-U-Lift, Inc. Profit Sharing Savings for 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
Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan side-by-side with 3 peers →

Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is I-Car 401(k) Profit Sharing Plan in IL ($18M); by covered participants it is Severson Group 401(k) Plan in CA (180 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($18M here).

Similar participant headcount

Nearest other-state filings by covered participants (180 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 Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan assets move in 2022? ▼
Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan pulled back noticeably - down 14.0% during 2022, from $21M to $18M. Reported net income was -$3M.
How have Herc-U-Lift, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Herc-U-Lift, Inc.'s sponsor-wide assets grew 23.3%, from $18M to $22M.
Where does Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan rank by assets among Form 5500 filers? ▼
Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan ranks in the 75th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is I-Car 401(k) Profit Sharing Plan in IL ($18M, 220 participants).
Which 401(k) plans cover a similar participant headcount to Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Severson Group 401(k) Plan in CA (180 participants, $16M 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 410968548.

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.