2023 Form 5500 filing — Gnco, Inc. 401(K) Retirement Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241014121356NAL0044443216001) for Gnco, Inc. 401(K) Retirement Plan, reported by Towlift, Inc. under EIN 34-0963132 and plan number 003. It reports 870 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014121356NAL0044443216001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Towlift, Inc.
- EIN
- 34-0963132
- Plan number
- 003
- Location
- Brooklyn Heights, OH
- Participants
- 870
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $40,523,894
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $40,523,894
- Employer contributions
- $636,497
- Participant contributions
- $4,166,019
- Total income / additions
- $12,261,569
- Benefits paid
- $5,048,619
- Administrative expenses
- $137,214
- Total expenses
- $5,185,833
- Net increase / (decrease)
- $7,075,736
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $119,955 | $0 |
| William Blair & Company L.L.C. | OTHER SERVICES | $0 | $50,777 |
| Cbiz Investment Advisory Services, | INVESTMENT ADVISORY | $17,259 | $9 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |