401(k) · DOL Form 5500 · 2022

Towlift, Inc. 401(k) Plan

Data updated 2026-08-25

$33M
Total assets Below avg plan size
515
Participants Below avg headcount
84th
Percentile by assets National rank
$64,948
Avg per participant Low balance/head
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Official DOL plan name: Gnco, Inc. 401(k) Retirement Plan · Sponsored by Towlift, Inc. · Ohio · Wholesale Trade

$33M in assets, 515 participants

Towlift, Inc.'s Gnco, Inc. 401(k) Retirement Plan reported $33M in total assets and 515 participants in its 2022 DOL Form 5500 filing, ranking in the 84th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #5,762 in Wholesale Trade (6,843 peers)

Where Gnco, Inc. 401(k) Retirement Plan sits by assets

Gnco, Inc. 401(k) Retirement Plan sits in the top quartile of all filed plans by assets, $33M for 515 participants (~$64,948/participant), down 14.7% in 2022.

#5,762
in Wholesale Trade (6,843 peers)
-14.7%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $6M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Gnco, Inc. 401(k) Retirement Plan's outsized position by total assets

Gnco, Inc. 401(k) Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$33,448,158 Top 16% higher than 84% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Gnco, Inc. 401(k) Retirement Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Gnco, Inc. 401(k) Retirement Plan sits mid-pack in the medium band (515 participants).

DOL schedule card

Filing strip 340963132 · Towlift, Inc. PY 2022 · 401(k)

Gnco, Inc. 401(k) Retirement Plan · $33M · 515 · 84th

  • TYPE $33M
  • NET 515
  • BOOK 84th
  • VS-ST 401(k)
  • BOY near Sema Construction, Inc. 401(k) Retirement Savings Plan
  • SCH ind #5762

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Wholesale Trade retirement plans → · Plans in Ohio →

Gnco, Inc. 401(k) Retirement Plan in the asset neighbourhood

Gnco, Inc. 401(k) Retirement PlanGnco, Inc. 401(k) Retirement…$33MSema Construction, Inc. 401(k) Retirement Savings PlanSema Construction, Inc. 401(…$33MDallas Basketball Limited 401(k) PlanDallas Basketball Limited 40…$33MBrayman Construction Corporation Savings & Profit Sharing PlanBrayman Construction Corpora…$33MReddy Ice LLC 401(k) Plan$33M
End-of-year total assets ($M) among Gnco, Inc. 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$39M
Net Assets (End of Year)$33M
Net Income-$6M
Employer EIN340963132
Plan Effective Date1989-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Towlift, Inc.)

Sponsor-wide plan assets over time

All Towlift, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$47M 40.2603306286702% vs 2022
2024 filing year
$30M$35M$40M$45M$50M 202220232024 $33.5M $46.9M ▲ +40.2%
Year Plans Participants Total Assets
2022 1 515 $33M
2023 1 758 $41M
2024 1 777 $47M

Nearby 401(k) Plans in Ohio

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Gnco, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20246810 Total assets ($B) Participants Gnco, Inc. 401(k) Retirement Plan, Total assets ($B): 0.033448158 · Participants: 515Gnco, Inc. 401(k) Retirement PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 8.343834208 · Participants: 44890The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 7.60950811 · Participants: 50299The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 7.311555 · Participants: 116133The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 6.73672335 · Participants: 24278Nationwide Savings PlanMarathon Petroleum Thrift Plan, Total assets ($B): 6.371480588 · Participants: 17666Marathon Petroleum Thrift Plan
Gnco, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Gnco, Inc. 401(k) Retirement Plan side-by-side with 3 peers →

Gnco, Inc. 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Sema Construction, Inc. 401(k) Retirement Savings Plan in CO ($33M); by covered participants it is Green Companies, Inc. 401(k) Plan in IA (515 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (515 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Gnco, Inc. 401(k) Retirement Plan assets move in 2022? ▼
Gnco, Inc. 401(k) Retirement Plan pulled back noticeably - down 14.7% during 2022, from $39M to $33M. Reported net income was -$6M.
How have Towlift, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Towlift, Inc.'s sponsor-wide assets grew 40.3%, from $33M to $47M.
Where does Gnco, Inc. 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Gnco, Inc. 401(k) Retirement Plan ranks in the 84th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Gnco, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Sema Construction, Inc. 401(k) Retirement Savings Plan in CO ($33M, 776 participants).
Which 401(k) plans cover a similar participant headcount to Gnco, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Green Companies, Inc. 401(k) Plan in IA (515 participants, $80M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 340963132.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.