Plan Snapshot
- Plan Sponsor: Herk Business Group INC.
- Sponsor EIN: 853605779
- Sponsor Address: 1115 INSPIRATION PKWY N, BAYPORT, MN, 55003
- Plan Type: 401(k)
- Total Participants: 17
- Total Assets: $3.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|
| 2024 | 17 | $3.0M | $11,562 | $37,776 |
| 2023 | 13 | $1.3M | $10,092 | $34,180 |
| 2022 | 11 | $716,835 | $9,361 | $19,269 |