401(k) · DOL Form 5500 · 2023

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

Data updated 2026-08-25

$20M
Total assets Small plan by assets
175
Participants Small participant base
73rd
Percentile by assets National rank
$113,995
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

$20M in assets, 175 participants

Herc-U-Lift, Inc.'s Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan reported $20M in total assets and 175 participants in its 2023 DOL Form 5500 filing, ranking in the 73rd 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.

  • #4,385 in Wholesale Trade (6,309 peers)

Coverage in Minnesota

Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan covers 175 participants in Minnesota, about 16% of the average Minnesota filer (state average ~1,126 per filing). Assets: $20M.

#4,385
in Wholesale Trade (6,309 peers)
+13.1%
assets growth YoY

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 2023 · DOL Form 5500

$19,949,159 Top 27% higher than 73% of 127,068 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 2023

Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan among mid-size filed plans by headcount

Plan-year 2023 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 (175 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan reported net income rose from -$3M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan end-of-year assets rose from $18M in the plan year 2022 filing to $20M in the plan year 2023 filing.
  • Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan reported participants fell from 180 in the plan year 2022 filing to 175 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 410968548 · Herc-U-Lift, Inc. PY 2023 · 401(k)

Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan · $20M · 175 · 73rd

  • BOY $20M
  • SCH 175
  • EBSA 73rd
  • PART 401(k)
  • TYPE near Wesco Group, Inc. 401(k) Profit Sharing Plan
  • NET ind #4385

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

Herc-U-Lift, Inc. Profit Sharing Savings for Retirement PlanHerc-U-Lift, Inc. Profit Sha…$20MWesco Group, Inc. 401(k) Profit Sharing PlanWesco Group, Inc. 401(k) Pro…$20MNorthern California Golf Association/Poppy Holding, Inc. 401(k) PlanNorthern California Golf Ass…$20MSimona America Group 401(k) Profit Sharing PlanSimona America Group 401(k) …$20MTandem Living Savings and Retirement PlanTandem Living Savings and Re…$20M
End-of-year total assets ($M) among Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$18M
Net Assets (End of Year)$20M
Net Income$2M
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 -50510152025 Total assets ($B) Participants Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan, Total assets ($B): 0.019949159 · Participants: 175Herc-U-Lift, Inc. Profit Sharing Savings for Retirement PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.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 Wesco Group, Inc. 401(k) Profit Sharing Plan in WA ($20M); by covered participants it is Uniseal 401(k) Plan in IN (175 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (175 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Herc-U-Lift, Inc. Profit Sharing Savings for Retirement Plan grew at a solid clip - up 13.1% during 2023, from $18M to $20M. Reported net income was $2M.
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.
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 Wesco Group, Inc. 401(k) Profit Sharing Plan in WA ($20M, 485 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 Uniseal 401(k) Plan in IN (175 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.