401(k) · DOL Form 5500 · 2024

Towlift, Inc. 401(k) Plan

Data updated 2026-08-11

$47M
Total assets
777
Participants
83rd
Percentile by assets
$60,379
Avg per participant
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Official DOL plan name: Gnco, Inc. 401(k) Retirement Plan · Sponsored by Towlift, Inc. · Ohio · Wholesale Trade

$47M in assets, 777 participants

Towlift, Inc.'s Gnco, Inc. 401(k) Retirement Plan reported $47M in total assets and 777 participants in its 2024 DOL Form 5500 filing, ranking in the 83rd 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.

  • 83rd percentile by assets (of 123,622 plans)
  • #5,123 in Wholesale Trade (6,080 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, $47M for 777 participants (~$60,379/participant), up 15.8% in 2024.

$47M
total plan assets (2024 EOY)
777
covered participants
83rd
percentile by assets (of 123,622 plans)
$60,379
avg assets per participant

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

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

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

$46,914,497 Top 17% higher than 83% of 123,620 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Gnco, Inc. 401(k) Retirement Plan end-of-year assets rose from $41M in the plan year 2023 filing to $47M in the plan year 2024 filing.
  • Gnco, Inc. 401(k) Retirement Plan reported net income fell from $7M in the plan year 2023 filing to $6M in the plan year 2024 filing.
  • Gnco, Inc. 401(k) Retirement Plan reported participants rose from 758 in the plan year 2023 filing to 777 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Ohio
Industry
Wholesale Trade

Gnco, Inc. 401(k) Retirement Plan vs the 2024 asset distribution

By assets, Gnco, Inc. 401(k) Retirement Plan outranks 83% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.5x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$41M
Net Assets (End of Year)$47M
Net Income$6M
Employer EIN340963132
Plan Effective Date1989-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Towlift, Inc.)

$30M$35M$40M$45M$50M 202220232024 $33.5M $46.9M ▲ +40.2%
Total plan assets by year, all Towlift, Inc. plans on file
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 -505101520 Total assets ($B) Participants Gnco, Inc. 401(k) Re…, Total assets ($B): 0.046914497 · Participants: 777Gnco, Inc. 401(k) Re…GE Aerospace Retirem…, Total assets ($B): 14.738724553 · Participants: 45620GE Aerospace Retirem…The Kroger Co. 401(k…, Total assets ($B): 11.809161 · Participants: 135373The Kroger Co. 401(k…The Progressive 401(…, Total assets ($B): 11.533546294 · Participants: 62521The Progressive 401(…The Sherwin-Williams…, Total assets ($B): 10.563559628 · Participants: 47459The Sherwin-Williams…Parker Retirement Sa…, Total assets ($B): 9.010073432 · Participants: 26315Parker Retirement Sa…
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 →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Gnco, Inc. 401(k) Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did Gnco, Inc. 401(k) Retirement Plan assets move in 2024? ▼
Gnco, Inc. 401(k) Retirement Plan grew sharply - up 15.8% during 2024, from $41M to $47M. 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 83rd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Royal Cup, Inc. 401(k) Retirement Plan in AL ($47M, 535 participants).

Next read for Gnco, Inc. 401(k) Retirement Plan

Scale reading

Ways to act on Gnco, Inc. 401(k) Retirement Plan's numbers.

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 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.