Borgwarner Inc. Retirement Savings 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 Savings Plan is a benefit plan reported by Borgwarner Inc. under EIN 13-3404508 and plan number 066. The latest loaded filing year is 2023. The filing reports 8,770 participants and $1,654,609,778 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Borgwarner Inc.
- EIN
- 13-3404508
- Plan number
- 066
- Plan type
- 2
- Location
- Auburn Hills, MI
- Latest filing year
- 2023
- Participants
- 8,770
- End-of-year plan assets
- $1,654,609,778
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 8,770 | H, C | 20241003162604NAL0005049811001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $1,654,609,778
- Total liabilities (EOY)
- $53,713
- Net assets (EOY)
- $1,654,556,065
- Net assets (BOY)
- $1,567,518,595
Income & contributions
- Employer contributions
- $45,819,397
- Participant contributions
- $65,334,004
- Total contributions
- $117,388,087
- Total income / additions
- $395,322,719
Expenses & distributions
- Benefits paid
- $160,087,341
- Administrative expenses
- $1,385,741
- Total expenses
- $161,473,082
- Net increase / (decrease)
- $233,849,637
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| The Vanguard Group, Inc. | NONE | $1,000,545 | $0 | 2023 |
| Towers Watson Inv Services Inc | NONE | $267,542 | not reported in the loaded dataset | 2023 |
| Newport Trust Company | NONE | $44,642 | not reported in the loaded dataset | 2023 |
| Grant Thornton Llp | NONE | $43,850 | not reported in the loaded dataset | 2023 |
| Ogletree Deakins Nash Smoak&Stewart | NONE | $29,163 | 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
- The Vanguard Group, Inc. — Schedule C compensation
- Towers Watson Inv Services Inc — Schedule C compensation
- Newport Trust Company — Schedule C compensation
- Grant Thornton Llp — Schedule C compensation
- Ogletree Deakins Nash Smoak&Stewart — Schedule C compensation