# Herson'S, INC 401(k) Plan
Source: https://planprovider.pro/companies/herson-s-inc-401k-plan

> Herson'S, INC's 401(k) plan: 154 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Herson'S, INC

- **Sponsor EIN:** 520908995

- **Sponsor Address:** 15525 FREDERICK RD, ROCKVILLE, MD, 208552110

- **Plan Type:** 401(k)

- **Total Participants:** 154

- **Total Assets:** $15.0M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|154|$15.0M|$144,051|$752,218|

| 2023|153|$13.5M|$165,033|$699,100|

| 2022|149|$11.5M|$162,032|$624,241|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$32,087|—|$32,087|

| MERRILL LYNCH PIERCE FENNER & SMITH|CONSULTANT|$27,590|$23|$27,613|

| ORENDA RETIREMENT LLC|CONTRACT ADMINISTRATOR|—|$6,661|$6,661|

| UHY LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [UHY LLP](https://planprovider.pro/provider/uhy-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $66,361

- **Estimated Expense Ratio:** 0.443% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$59,690|$9,661|$32,088|—|—|

| 2023|$54,687|$8,187|$31,295|—|—|

| 2022|$55,722|$7,865|$33,251|—|$14,606|

## Similar Plans

- [Gladding Chevrolet, INC.](https://planprovider.pro/companies/gladding-chevrolet-inc-401k-plan) — 150 participants

- [Apple Ford, INC.](https://planprovider.pro/companies/apple-ford-inc-401k-plan) — 165 participants

- [Koons Of Silver Spring, INC.](https://planprovider.pro/companies/koons-of-silver-spring-inc-401k-plan) — 166 participants

- [Anderson Automotive Group, INC](https://planprovider.pro/companies/anderson-automotive-group-inc-401k-plan) — 135 participants

- [Jerrys Chevrolet, INC.](https://planprovider.pro/companies/jerrys-chevrolet-inc-401k-plan) — 174 participants

- [King Management Support Services, LLC](https://planprovider.pro/companies/king-management-support-services-llc-401k-plan) — 175 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/herson-s-inc-401k-plan)

© 2026 PlanProvider.Pro