2023 Form 5500 filing — Borman Motor Company LLC Salary Deferred 401(K) 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 20241015162526NAL0029097889001) for Borman Motor Company LLC Salary Deferred 401(K) Plan, reported by Borman Motor Company LLC under EIN 85-0405111 and plan number 001. It reports 130 participants. Attached schedules in the loaded dataset include Schedule I (small plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015162526NAL0029097889001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Borman Motor Company LLC
- EIN
- 85-0405111
- Plan number
- 001
- Location
- Las Cruces, NM
- Participants
- 130
- Schedules available
- Schedule I, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $0
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $0
- Employer contributions
- $0
- Participant contributions
- $0
- Total income / additions
- $31,766
- Benefits paid
- $2,230,328
- Administrative expenses
- $6,970
- Total expenses
- $2,237,298
- Net increase / (decrease)
- -$2,205,532
- Schedule source
- Schedule I
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Lincoln Financial Advisors Corp | ADVISOR | $0 | $16,224 |
| Fidelity Investments Institutional | RECORDKEEPER | $1,175 | $0 |