401(k) · DOL Form 5500 · 2024

Generation Tool, Inc. 401(k) Plan

Data updated 2026-08-25

$624K
Total assets Small plan by assets
4
Participants Small participant base
19th
Percentile by assets National rank
$156,083
Avg per participant Above avg balance/head
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Official DOL plan name: Generation Tool Inc 401(k) Plan · Sponsored by Generation Tool, Inc. · Michigan · Manufacturing

$624K in assets, 4 participants

Generation Tool, Inc.'s Generation Tool Inc 401(k) Plan reported $624K in total assets and 4 participants in its 2024 DOL Form 5500 filing, ranking in the 19th 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.

  • #1,362 in Manufacturing (17,777 peers)

Generation Tool, Inc. multi-year trail

Generation Tool, Inc.'s plans moved +84.1% in assets from 2022 to 2024; this filing shows Generation Tool Inc 401(k) Plan at $624K / 4 participants.

#1,362
in Manufacturing (17,777 peers)
+35.3%
assets growth YoY

Generation Tool Inc 401(k) Plan among the smaller filed plans by assets

Generation Tool Inc 401(k) Plan vs every filed plan by assets

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

$624,333 19th percentile higher than 19% 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

Generation Tool Inc 401(k) Plan among micro filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Generation Tool Inc 401(k) Plan is a micro filing (4 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Generation Tool Inc 401(k) Plan end-of-year assets rose from $461K in the plan year 2023 filing to $624K in the plan year 2024 filing.
  • Generation Tool Inc 401(k) Plan reported participants rose from 3 in the plan year 2023 filing to 4 in the plan year 2024 filing.
  • Generation Tool Inc 401(k) Plan reported net income rose from $122K in the plan year 2023 filing to $163K in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 383249553 · Generation Tool, Inc. PY 2024 · 401(k)

Generation Tool Inc 401(k) Plan · $624K · 4 · 19th

  • NET $624K
  • NET 4
  • NET 19th
  • NET 401(k)
  • NET near Anniversary Holding Company 401(k) Plan
  • NET ind #1362

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 Michigan →

Generation Tool Inc 401(k) Plan in the asset neighbourhood

Generation Tool Inc 401(k) PlanGeneration Tool Inc 401(k) P…$624KAnniversary Holding Company 401(k) PlanAnniversary Holding Company …$624KSorrel Logistics Corporation 401(k) PlanSorrel Logistics Corporation…$624KPedrick & Associates Strategic Marketing, Inc. 401(k) PlanPedrick & Associates Strateg…$625KPorters Tool Shack Retirement PlanPorters Tool Shack Retiremen…$625K
End-of-year total assets ($M) among Generation Tool Inc 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Generation Tool, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Generation Tool, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$624K 84.05446757328035% vs 2022
2024 filing year
$0.3M$0.4M$0.5M$0.6M$0.7M 202220232024 $0.34M $0.62M ▲ +82.4%
Year Plans Participants Total Assets
2022 1 3 $339K
2023 1 3 $461K
2024 1 4 $624K

Generation Tool, Inc. filing trail (2024)

Total Assets (Beginning of Year)$461K
Net Assets (End of Year)$624K
Net Income$163K
Employer EIN383249553
Plan Effective Date2013-10-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Michigan

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

Generation Tool Inc 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants Generation Tool Inc 401(k) Plan, Total assets ($B): 0.000624333 · Participants: 4Generation Tool Inc 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 23.0591668 · Participants: 43053General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 17.26893589 · Participants: 31790Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.768606712 · Participants: 17128The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 9.568379082 · Participants: 42513The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 8.2932975 · Participants: 60497Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Generation Tool Inc 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Generation Tool Inc 401(k) Plan side-by-side with 3 peers →

Generation Tool Inc 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Anniversary Holding Company 401(k) Plan in LA ($624K); by covered participants it is Jab Investments, Inc. 401(k) Plan in WI (4 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (4 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 Generation Tool Inc 401(k) Plan assets move in 2024? ▼
Generation Tool Inc 401(k) Plan surged - up 35.3% during 2024, from $461K to $624K. Reported net income was $163K.
How have Generation Tool, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Generation Tool, Inc.'s sponsor-wide assets grew 84.1%, from $339K to $624K.
Where does Generation Tool Inc 401(k) Plan rank by assets among Form 5500 filers? ▼
Generation Tool Inc 401(k) Plan ranks in the 19th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the smaller plans by assets on file).
Which 401(k) plans are similar in size to Generation Tool Inc 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Anniversary Holding Company 401(k) Plan in LA ($624K, 491 participants).
Which 401(k) plans cover a similar participant headcount to Generation Tool Inc 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Jab Investments, Inc. 401(k) Plan in WI (4 participants, N/A 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 383249553.

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.