How big is Herman Motor's plan?

Herman Motor's plan reported $12K in assets and 14 participants for 2024.

Original filing (PDF)20251014113618NAL0003803680001

Herman Motor

Name: Herman Motor — Herman Motor 401(k) Plan, Form 5500 (2024)
Creator: Herman Motor
License: https://www.usa.gov/government-works

Form 5500-SF

FILING_RECEIVED

Herman Motor 401(k) Plan

401(k) retirement plan · Herman Motor's Herman Motor 401(k) Plan held $12K in plan assets for 14 participants in 2024.

Active participants

Accounts w/ balance

Plan assets (EOY)

$12K

Net assets (EOY)

$12K

People on this filing

Kellie Herman signed Herman Motor's 2024 Form 5500 as plan administrator.

Kellie Herman — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Herman Motor's EIN is 41-0906535.

EIN 41-0906535

Plan number 001

Plan year 2024

ACK ID 20251014113618NAL0003803680001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Herman Motor from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Herman Motor's plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, a default investment (QDIA).

Decision-maker contacts

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Plan health score

Above-average plan

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool. Based on 70% of scoring inputs for this filing.

Compliance & integrity

100

Total plan cost

n/a

Plan health

Vendor & structure

100

Helping the score

Cost not scored — no comparable Schedule H expense data for this cohort.

Plan sponsor

Name

HERMAN MOTOR

EIN

all filings

Address

626 S. KNISS AVE · LUVERNE, MN · 56156

Phone

(507) 283-4427

Industry

Agriculture, Forestry, Fishing, Hunting

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-14

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2T · Default investment account (QDIA)

3D · Pre-approved plan (master / prototype / VS)

Audit & trust (Schedule H)

Service providers (Schedule C)

Small plans don't disclose service providers

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