Borgman Ford Sales, Inc. Employees' Profit Sharing And 401(K) Plan — Form 5500 plan (Borgman Ford Sales, 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, Borgman Ford Sales, Inc. Employees' Profit Sharing And 401(K) Plan is a benefit plan reported by Borgman Ford Sales, Inc. under EIN 38-1643187 and plan number 001. The latest loaded filing year is 2023. The filing reports 141 participants and $10,121,326 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Borgman Ford Sales, Inc.
- EIN
- 38-1643187
- Plan number
- 001
- Plan type
- 3
- Location
- Grandville, MI
- Latest filing year
- 2023
- Participants
- 141
- End-of-year plan assets
- $10,121,326
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 141 | H, C | 20250619094545NAL0007741250001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,121,326
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,121,326
- Net assets (BOY)
- $8,724,344
Income & contributions
- Employer contributions
- $147,272
- Participant contributions
- $804,984
- Total contributions
- $962,974
- Total income / additions
- $3,043,615
Expenses & distributions
- Benefits paid
- $1,612,670
- Administrative expenses
- $33,963
- Total expenses
- $1,646,633
- Net increase / (decrease)
- $1,396,982
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $33,963 | $0 | 2023 |
| Mml Insurance Agency LLC | OTHER SERVICES | $0 | $6,686 | 2023 |
| Mml Investors Services LLC | OTHER SERVICES | $0 | $5,783 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Borgman Ford Sales, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Grandville, MI
- Principal Life Insurance Company — Schedule C compensation
- Mml Insurance Agency LLC — Schedule C compensation
- Mml Investors Services LLC — Schedule C compensation
- Wilshire Advisors LLC — Schedule C compensation