# Herk Business Group INC. 401(k) Plan
Source: https://planprovider.pro/companies/herk-business-group-inc-401k-plan

> Herk Business Group INC.'s 401(k) plan: 17 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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