401(k) · DOL Form 5500 · 2022

Heritage Encon Group, Inc. 401(k) Plan

Data updated 2026-08-25

$9M
Total assets Small plan by assets
185
Participants Below avg headcount
63rd
Percentile by assets National rank
$49,601
Avg per participant Low balance/head
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Official DOL plan name: Heritage Group Profit Sharing Plan · Sponsored by Heritage Encon Group, Inc. · North Carolina · Management of Enterprises

$9M in assets, 185 participants

Heritage Encon Group, Inc.'s Heritage Group Profit Sharing Plan reported $9M in total assets and 185 participants in its 2022 DOL Form 5500 filing, ranking in the 63rd 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.

  • #494 in Management of Enterprises (1,193 peers)

Coverage in North Carolina

Heritage Group Profit Sharing Plan covers 185 participants in North Carolina, about 23% of the average North Carolina filer (state average ~819 per filing). Assets: $9M.

#494
in Management of Enterprises (1,193 peers)
-22.5%
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 Group Profit Sharing Plan's mid-pack asset rank among Management of Enterprises and all filers

Heritage Group Profit Sharing Plan vs every filed plan by assets

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

$9,176,167 Top 37% higher than 63% 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 Group Profit Sharing 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 Group Profit Sharing Plan sits mid-pack in the medium band (185 participants).

DOL schedule card

Filing strip 561804481 · Heritage Encon Group, Inc. PY 2022 · 401(k)

Heritage Group Profit Sharing Plan · $9M · 185 · 63rd

  • SCH $9M
  • SCH 185
  • SCH 63rd
  • SCH 401(k)
  • SCH near Orchard Yarn & Thread Co., Inc. 401(k) Plan
  • SCH ind #494

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 Management of Enterprises retirement plans → · Plans in North Carolina →

Heritage Group Profit Sharing Plan in the asset neighbourhood

Heritage Group Profit Sharing PlanHeritage Group Profit Sharin…$9MOrchard Yarn & Thread Co., Inc. 401(k) PlanOrchard Yarn & Thread Co., I…$9MAlex and Ani, LLC 401(k) Plan$9MAspect Ratio, Inc. 401(k) Profit Sharing PlanAspect Ratio, Inc. 401(k) Pr…$9MZhao-Yang Pan, M.D., Inc. 401(k) Profit Sharing PlanZhao-Yang Pan, M.D., Inc. 40…$9M
End-of-year total assets ($M) among Heritage Group Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

North Carolina filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$9M
Net Income-$3M
Employer EIN561804481
Plan Effective Date1943-12-20
Filing StatusFILING RECEIVED

Sponsor Plan History (Heritage Encon Group, Inc.)

Sponsor-wide plan assets over time

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

Latest sponsor-wide plan assets
$6M 30.472451078974476% vs 2022
2024 filing year
$6M$7M$8M$9M$10M 202220232024 $9.18M $6.38M ▼ -30.5%
Year Plans Participants Total Assets
2022 1 185 $9M
2023 1 262 $7M
2024 1 226 $6M

Nearby 401(k) Plans in North Carolina

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

Heritage Group Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -200204060 Total assets ($B) Participants Heritage Group Profit Sharing Plan, Total assets ($B): 0.009176167 · Participants: 185Heritage Group Profit Sharing PlanThe Bank of America 401(k) Plan, Total assets ($B): 47.134026012 · Participants: 169036The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 14.565715066 · Participants: 39007Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 9.364902 · Participants: 27731Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 8.965353965 · Participants: 51871Truist Financial Corporation 401(k) Savings PlanLowes 401(k) Plan, Total assets ($B): 7.355936526 · Participants: 284864Lowes 401(k) Plan
Heritage Group Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants

Heritage Group Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Orchard Yarn & Thread Co., Inc. 401(k) Plan in NJ ($9M); by covered participants it is Brew City Pizza, Inc. Retirement Plan in WI (185 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (185 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 Group Profit Sharing Plan assets move in 2022?
Heritage Group Profit Sharing Plan declined sharply - down 22.5% during 2022, from $12M to $9M. Reported net income was -$3M.
How have Heritage Encon Group, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), Heritage Encon Group, Inc.'s sponsor-wide assets declined 30.5%, from $9M to $6M.
Which 401(k) plans are similar in size to Heritage Group Profit Sharing Plan?
Among 401(k) plans in other states, the closest by assets is Orchard Yarn & Thread Co., Inc. 401(k) Plan in NJ ($9M, 100 participants).
Which 401(k) plans cover a similar participant headcount to Heritage Group Profit Sharing Plan?
Among 401(k) plans in other states, the closest by covered participants is Brew City Pizza, Inc. Retirement Plan in WI (185 participants, N/A in assets).