This could actually be a little easier to solve.
Hello. I am a Japanese music producer. use translation.
In my case, I got the 1116 error, yellow pick like everyone else, and couldn't load any presets.
One solution is to first open setting and look at the [Hardware Compatibillity] column in the Current Hardware Compatibillity Mode tab.
If it says Helix Floor~~~, click it to turn it off.
User presets are initialized, but as soon as all the picks are taken and can be read, the error no longer occurs.
I'm a Helix native only user.
This works even if the initialization button is unresponsive.