Borgwarner Inc. Retirement Plan — Form 5500 plan (Borgwarner Inc.)
Plain-English plan 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, Borgwarner Inc. Retirement Plan is a benefit plan reported by Borgwarner Inc. under EIN 13-3404508 and plan number 001. The latest loaded filing year is 2023. The filing reports 2,171 participants and $122,641,191 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Borgwarner Inc.
- EIN
- 13-3404508
- Plan number
- 001
- Plan type
- 2
- Location
- Auburn Hills, MI
- Latest filing year
- 2023
- Participants
- 2,171
- End-of-year plan assets
- $122,641,191
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 2,171 | H, C | 20241007165315NAL0009064483001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $122,641,191
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $122,641,191
- Net assets (BOY)
- $129,075,860
Income & contributions
- Employer contributions
- $0
- Participant contributions
- $0
- Total contributions
- $0
- Total income / additions
- $9,365,626
Expenses & distributions
- Benefits paid
- $13,337,102
- Administrative expenses
- $2,463,193
- Total expenses
- $15,800,295
- Net increase / (decrease)
- -$6,434,669
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Towers Watson Investment Services | NONE | $220,083 | not reported in the loaded dataset | 2023 |
| Willis Towers Watson Us LLC | NONE | $119,635 | not reported in the loaded dataset | 2023 |
| Northern Trust | NONE | $119,573 | not reported in the loaded dataset | 2023 |
| Grant Thornton Llp | NONE | $43,250 | not reported in the loaded dataset | 2023 |
| Blackrock Institutional Trust Compa | NONE | $8,452 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Borgwarner Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Auburn Hills, MI
- Towers Watson Investment Services — Schedule C compensation
- Willis Towers Watson Us LLC — Schedule C compensation
- Northern Trust — Schedule C compensation
- Grant Thornton Llp — Schedule C compensation
- Blackrock Institutional Trust Compa — Schedule C compensation