401(k) · DOL Form 5500 · 2022

Borgman Ford Sales, Inc. 401(k) Plan

Data updated 2026-08-25

$9M
Total assets Small plan by assets
110
Participants Small participant base
62nd
Percentile by assets National rank
$79,312
Avg per participant Below avg balance/head
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Official DOL plan name: Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan · Sponsored by Borgman Ford Sales, Inc. · Michigan · Retail Trade

$9M in assets, 110 participants

Borgman Ford Sales, Inc.'s Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan reported $9M in total assets and 110 participants in its 2022 DOL Form 5500 filing, ranking in the 62nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #6,933 in Retail Trade (9,519 peers)

Coverage in Michigan

Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan covers 110 participants in Michigan, about 17% of the average Michigan filer (state average ~638 per filing). Assets: $9M.

#6,933
in Retail Trade (9,519 peers)
-6.9%
assets change YoY

The plan reported a net loss of $645K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan's mid-pack asset rank among Retail Trade and all filers

Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$8,724,344 Top 38% higher than 62% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan sits mid-pack in the medium band (110 participants).

Plan-year Form 5500 strip

Filing strip 381643187 · Borgman Ford Sales, Inc. PY 2022 · 401(k)

Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan · $9M · 110 · 62nd

  • PCT $9M
  • PCT 110
  • PCT 62nd
  • PCT 401(k)
  • PCT near M&p Community Bancshares, Inc. ESOP with 401(k) Provisions
  • PCT ind #6933

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Retail Trade retirement plans → · Plans in Michigan →

Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan in the asset neighbourhood

Foley Holdings, LLC 401(k) Profit Sharing PlanFoley Holdings, LLC 401(k) P…$9MBorgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) PlanBorgman Ford Sales, Inc. Emp…$9MM&p Community Bancshares, Inc. ESOP with 401(k) ProvisionsM&p Community Bancshares, In…$9MThe Restated Thrift/Profit Sharing Plan for CooperativesThe Restated Thrift/Profit S…$9MBoom Technology 401(k) Plan$9M
End-of-year total assets ($M) among Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Michigan filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$9M
Net Income-$645K
Employer EIN381643187
Plan Effective Date1966-09-26
Filing StatusFILING RECEIVED

Sponsor Plan History (Borgman Ford Sales, Inc.)

Sponsor-wide plan assets over time

All Borgman Ford Sales, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$12M 31.905172469127763% vs 2022
2024 filing year
$8M$9M$10M$11M$12M 202220232024 $8.72M $11.5M ▲ +32.0%
Year Plans Participants Total Assets
2022 1 110 $9M
2023 1 126 $10M
2024 1 133 $12M

Nearby 401(k) Plans in Michigan

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan, Total assets ($B): 0.008724344 · Participants: 110Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 18.071817726 · Participants: 43382General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 13.833597622 · Participants: 32974Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 9.307640951 · Participants: 16930The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 7.545889119 · Participants: 40458The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 6.44558193 · Participants: 57811Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan side-by-side with 3 peers →

Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is M&p Community Bancshares, Inc. ESOP with 401(k) Provisions in AR ($9M); by covered participants it is Mahajan Therapeutics, Llc401(k) Plan in OH (110 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (110 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan assets move in 2022? ▼
Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan pulled back noticeably - down 6.9% during 2022, from $9M to $9M. Reported net income was -$645K.
How have Borgman Ford Sales, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Borgman Ford Sales, Inc.'s sponsor-wide assets grew 31.9%, from $9M to $12M.
Which 401(k) plans are similar in size to Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is M&p Community Bancshares, Inc. ESOP with 401(k) Provisions in AR ($9M, 88 participants).
Which 401(k) plans cover a similar participant headcount to Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Mahajan Therapeutics, Llc401(k) Plan in OH (110 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 381643187.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.