2023 Form 5500 filing — Borgman Ford Sales, Inc. Employees' Profit Sharing And 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 20250619094545NAL0007741250001) for Borgman Ford Sales, Inc. Employees' Profit Sharing And 401(K) Plan, reported by Borgman Ford Sales, Inc. under EIN 38-1643187 and plan number 001. It reports 141 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250619094545NAL0007741250001
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- Borgman Ford Sales, Inc.
- EIN
- 38-1643187
- Plan number
- 001
- Location
- Grandville, MI
- Participants
- 141
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,121,326
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,121,326
- Employer contributions
- $147,272
- Participant contributions
- $804,984
- Total income / additions
- $3,043,615
- Benefits paid
- $1,612,670
- Administrative expenses
- $33,963
- Total expenses
- $1,646,633
- Net increase / (decrease)
- $1,396,982
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $33,963 | $0 |
| Mml Insurance Agency LLC | OTHER SERVICES | $0 | $6,686 |
| Mml Investors Services LLC | OTHER SERVICES | $0 | $5,783 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |