401(k) · DOL Form 5500 · 2024

The Gorman-Rupp Company 401(k) Plan

Data updated 2026-08-25

$123M
Total assets Near avg plan size
1,339
Participants Near avg headcount
92nd
Percentile by assets National rank
$91,551
Avg per participant Below avg balance/head
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Official DOL plan name: The Gorman-Rupp Company 401(k) Plan · Sponsored by The Gorman-Rupp Company · Ohio · Manufacturing

$123M in assets, 1,339 participants

The Gorman-Rupp Company's The Gorman-Rupp Company 401(k) Plan reported $123M in total assets and 1,339 participants in its 2024 DOL Form 5500 filing, ranking in the 92nd 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.

  • #15,597 in Manufacturing (17,777 peers)

Where The Gorman-Rupp Company 401(k) Plan sits by assets

The Gorman-Rupp Company 401(k) Plan sits in the top 10% of all filed plans by assets, $123M for 1,339 participants (~$91,551/participant), up 25.8% in 2024.

#15,597
in Manufacturing (17,777 peers)
+25.8%
assets growth YoY
1.2×
vs typical plan assets (national mean)

The Gorman-Rupp Company 401(k) Plan's outsized position by total assets

The Gorman-Rupp Company 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$122,587,365 Top 8% higher than 92% of 123,620 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 2024

The Gorman-Rupp Company 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Gorman-Rupp Company 401(k) Plan lands in the large band (1,339 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The Gorman-Rupp Company 401(k) Plan reported net income fell from $19M in the plan year 2023 filing to $14M in the plan year 2024 filing.
  • The Gorman-Rupp Company 401(k) Plan end-of-year assets rose from $97M in the plan year 2023 filing to $123M in the plan year 2024 filing.
  • The Gorman-Rupp Company 401(k) Plan reported participants rose from 1,204 in the plan year 2023 filing to 1,339 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 340253990 · The Gorman-Rupp Company PY 2024 · 401(k)

The Gorman-Rupp Company 401(k) Plan · $123M · 1,339 · 92nd

  • NET $123M
  • NET 1,339
  • NET 92nd
  • NET 401(k)
  • NET near Lakeland Financial Corporation 401(k) Plan
  • NET ind #15597

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 Manufacturing retirement plans → · Plans in Ohio →

The Gorman-Rupp Company 401(k) Plan in the asset neighbourhood

Shutterstock, Inc. 401(k) PlanShutterstock, Inc. 401(k) Pl…$123MAmpacet Corporation 401(k) Profit Sharing PlanAmpacet Corporation 401(k) P…$123MThe Gorman-Rupp Company 401(k) PlanThe Gorman-Rupp Company 401(…$123MLakeland Financial Corporation 401(k) PlanLakeland Financial Corporati…$123MZippo and Affiliates 401(k) PlanZippo and Affiliates 401(k) …$123M
End-of-year total assets ($M) among The Gorman-Rupp Company 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$97M
Net Assets (End of Year)$123M
Net Income$14M
Employer EIN340253990
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Gorman-Rupp Company)

Sponsor-wide plan assets over time

All The Gorman-Rupp Company plans reported in each filing year

Latest sponsor-wide plan assets
$179M 41.119054388347614% vs 2022
2024 filing year
$120M$140M$160M$180M$200M 202220232024 $127M $179M ▲ +41.1%
Year Plans Participants Total Assets
2022 3 1,342 $127M
2023 3 1,545 $152M
2024 3 1,667 $179M

Nearby 401(k) Plans in Ohio

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

The Gorman-Rupp Company 401(k) Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants The Gorman-Rupp Company 401(k) Plan, Total assets ($B): 0.122587365 · Participants: 1339The Gorman-Rupp Company 401(k) PlanGE Aerospace Retirement Savings Plan, Total assets ($B): 14.738724553 · Participants: 45620GE Aerospace Retirement Savings PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 11.809161 · Participants: 135373The Kroger Co. 401(k) Retirement Savings Account PlanThe Progressive 401(k) Plan, Total assets ($B): 11.533546294 · Participants: 62521The Progressive 401(k) PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.563559628 · Participants: 47459The Sherwin-Williams Company 401(k) PlanParker Retirement Savings Plan, Total assets ($B): 9.010073432 · Participants: 26315Parker Retirement Savings Plan
The Gorman-Rupp Company 401(k) Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare The Gorman-Rupp Company 401(k) Plan side-by-side with 3 peers →

The Gorman-Rupp Company 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Lakeland Financial Corporation 401(k) Plan in IN ($123M); by covered participants it is Helix Energy Solutions Group Inc. Employees' 401(k) Savings Plan in TX (1,339 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($123M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,339 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did The Gorman-Rupp Company 401(k) Plan assets move in 2024? ▼
The Gorman-Rupp Company 401(k) Plan grew sharply - up 25.8% during 2024, from $97M to $123M. Reported net income was $14M.
How have The Gorman-Rupp Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Gorman-Rupp Company's sponsor-wide assets grew 41.1%, from $127M to $179M.
Where does The Gorman-Rupp Company 401(k) Plan rank by assets among Form 5500 filers? ▼
The Gorman-Rupp Company 401(k) Plan ranks in the 92nd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to The Gorman-Rupp Company 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Lakeland Financial Corporation 401(k) Plan in IN ($123M, 649 participants).
Which 401(k) plans cover a similar participant headcount to The Gorman-Rupp Company 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Helix Energy Solutions Group Inc. Employees' 401(k) Savings Plan in TX (1,339 participants, $122M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 340253990.

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.