401(k) · DOL Form 5500 · 2023

Borroughs, LLC 401(k) Plan

Data updated 2026-08-25

$9M
Total assets Small plan by assets
100
Participants Small participant base
55th
Percentile by assets National rank
$86,435
Avg per participant Below avg balance/head
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Official DOL plan name: Borroughs 401(k) Retirement Plan and Trust · Sponsored by Borroughs, LLC · Michigan · Manufacturing

$9M in assets, 100 participants

Borroughs, LLC's Borroughs 401(k) Retirement Plan and Trust reported $9M in total assets and 100 participants in its 2023 DOL Form 5500 filing, ranking in the 55th 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.

  • #7,665 in Manufacturing (18,722 peers)

Coverage in Michigan

Borroughs 401(k) Retirement Plan and Trust covers 100 participants in Michigan, about 16% of the average Michigan filer (state average ~638 per filing). Assets: $9M.

#7,665
in Manufacturing (18,722 peers)
+5.1%
assets growth YoY

Borroughs 401(k) Retirement Plan and Trust's mid-pack asset rank among Manufacturing and all filers

Borroughs 401(k) Retirement Plan and Trust vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$8,643,508 Top 45% higher than 55% of 127,068 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 2023

Borroughs 401(k) Retirement Plan and Trust among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Borroughs 401(k) Retirement Plan and Trust is a small filing (100 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Borroughs 401(k) Retirement Plan and Trust reported net income rose from -$2M in the plan year 2022 filing to $418K in the plan year 2023 filing.
  • Borroughs 401(k) Retirement Plan and Trust reported participants fell from 112 in the plan year 2022 filing to 100 in the plan year 2023 filing.
  • Borroughs 401(k) Retirement Plan and Trust end-of-year assets rose from $8M in the plan year 2022 filing to $9M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 133386744 · Borroughs, LLC PY 2023 · 401(k)

Borroughs 401(k) Retirement Plan and Trust · $9M · 100 · 55th

  • PHOTO $9M
  • IND 100
  • EOY 55th
  • 5500 401(k)
  • ASSETS near Promise Technology, Inc. 401(k) Profit Sharing Plan
  • PCT ind #7665

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 Manufacturing retirement plans → · Plans in Michigan →

Borroughs 401(k) Retirement Plan and Trust in the asset neighbourhood

Borroughs 401(k) Retirement Plan and TrustBorroughs 401(k) Retirement …$9MPromise Technology, Inc. 401(k) Profit Sharing PlanPromise Technology, Inc. 401…$9MPride Transport 401(k) Plan$9MVrx, Inc. Retirement Trust$9MBay City Electric Works 401(k) PlanBay City Electric Works 401(…$9M
End-of-year total assets ($M) among Borroughs 401(k) Retirement Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$9M
Net Income$418K
Employer EIN133386744
Plan Effective Date1991-10-25
Filing StatusFILING RECEIVED

Sponsor Plan History (Borroughs, LLC)

Sponsor-wide plan assets over time

All Borroughs, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$8M 2.7796378154161863% vs 2022
2024 filing year
$8M$8.2M$8.4M$8.6M$8.8M 202220232024 $8.23M $8.45M ▲ +2.7%
Year Plans Participants Total Assets
2022 1 112 $8M
2023 1 100 $9M
2024 1 140 $8M

Nearby 401(k) Plans in Michigan

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

Borroughs 401(k) Retirement Plan and Trust vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants Borroughs 401(k) Retirement Plan and Trust, Total assets ($B): 0.008643508 · Participants: 100Borroughs 401(k) Retirement Plan and TrustGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 20.378449285 · Participants: 47299General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 15.588575271 · Participants: 30516Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.084842211 · Participants: 18088The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 8.580684909 · Participants: 40393The 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): 7.617084451 · Participants: 59195Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Borroughs 401(k) Retirement Plan and Trust vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Borroughs 401(k) Retirement Plan and Trust side-by-side with 3 peers →

Borroughs 401(k) Retirement Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Promise Technology, Inc. 401(k) Profit Sharing Plan in CA ($9M); by covered participants it is Carteret Management Corporation 401(k) Plan in FL (100 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($9M here).

Similar participant headcount

Nearest other-state filings by covered participants (100 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Borroughs 401(k) Retirement Plan and Trust assets move in 2023? ▼
Borroughs 401(k) Retirement Plan and Trust grew at a solid clip - up 5.1% during 2023, from $8M to $9M. Reported net income was $418K.
How have Borroughs, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Borroughs, LLC's sponsor-wide assets grew 2.8%, from $8M to $8M.
Which 401(k) plans are similar in size to Borroughs 401(k) Retirement Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Promise Technology, Inc. 401(k) Profit Sharing Plan in CA ($9M, 11 participants).
Which 401(k) plans cover a similar participant headcount to Borroughs 401(k) Retirement Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Carteret Management Corporation 401(k) Plan in FL (100 participants, $370K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 133386744.

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.