401(k) · DOL Form 5500 · 2023
Borgwarner Inc. 401(k) Plan
Data updated 2026-08-25
- $1.7B
- Total assets Very large vs avg
- 5,855
- Participants Above avg headcount
- 99th
- Percentile by assets National rank
- $282,598
- Avg per participant High balance/head
Official DOL plan name: Borgwarner Inc. Retirement Savings Plan · Sponsored by Borgwarner Inc. · Michigan · Manufacturing
$1.7B in assets, 5,855 participants
Borgwarner Inc.'s Borgwarner Inc. Retirement Savings Plan reported $1.7B in total assets and 5,855 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.
- #18,419 in Manufacturing (18,722 peers)
Coverage in Michigan
Borgwarner Inc. Retirement Savings Plan covers 5,855 participants in Michigan, 9.2x the typical Michigan plan (state average ~638 per filing). Assets: $1.7B.
- #18,419
- in Manufacturing (18,722 peers)
- +5.5%
- assets growth YoY
- 17×
- vs typical plan assets (national mean)
Borgwarner Inc. Retirement Savings Plan's outsized position by total assets
Borgwarner Inc. Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$1,654,609,778 Top 1% higher than 99% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Borgwarner Inc. Retirement Savings Plan's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Borgwarner Inc. Retirement Savings Plan lands in the large band (5,855 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Borgwarner Inc. Retirement Savings Plan reported net income rose from -$375M in the plan year 2022 filing to $234M in the plan year 2023 filing.
- Borgwarner Inc. Retirement Savings Plan end-of-year assets rose from $1.6B in the plan year 2022 filing to $1.7B in the plan year 2023 filing.
- Borgwarner Inc. Retirement Savings Plan reported participants rose from 5,809 in the plan year 2022 filing to 5,855 in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 133404508 · Borgwarner Inc. PY 2023 · 401(k)
Borgwarner Inc. Retirement Savings Plan · $1.7B · 5,855 · 99th
- NET $1.7B
- NET 5,855
- NET 99th
- NET 401(k)
- NET near Supplemental Income 401(k) Plan
- NET ind #18419
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 →
Borgwarner Inc. Retirement Savings Plan in the asset neighbourhood
Michigan filing particulars
| Total Assets (Beginning of Year) | $1.6B |
|---|---|
| Net Assets (End of Year) | $1.7B |
| Net Income | $234M |
| Employer EIN | 133404508 |
| Plan Effective Date | 1993-01-27 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Borgwarner Inc.)
Sponsor-wide plan assets over time
All Borgwarner Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.7B 1.392454448663641% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 6,311 | $1.7B |
| 2023 | 2 | 6,286 | $1.8B |
| 2024 | 2 | 6,642 | $1.7B |
Nearby 401(k) Plans in Michigan
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- General Motors Retirement Savings Plan for Salaried Employees in the United States $20.4B · 47,299
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $15.6B · 30,516
- The Dow Chemical Company Employees' Savings Plan $10.1B · 18,088
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $8.6B · 40,393
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $7.6B · 59,195
Scale composition for Borgwarner Inc. Retirement Savings Plan
Borgwarner Inc. Retirement Savings Plan reports $1.7B in end-of-year assets across 5,855 participants (0.013% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $282,598 per participant (2.0x the national average assets-per-participant) . Net income for plan year 2023 was $234M.
This plan identity (EIN 133404508, plan #066) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.6B to $1.6B (+1.7%) while covered participants moved from 5,809 to 6,261 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,809 | $1.6B | Open filing |
| 2023 | 5,855 | $1.7B | This page |
| 2024 · index core | 6,261 | $1.6B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Borgwarner Inc. Retirement Savings Plan (401(k), $1.6B, 6,261 participants)
- Borgwarner Inc. Retirement Plan (Defined Benefit (Pension), $127M, 381 participants)
Borgwarner Inc. Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Michigan, the nearest 401(k) by assets is Supplemental Income 401(k) Plan in CA ($1.7B); by covered participants it is The University of Phoenix, Inc. Savings and Investment Plan in AZ (5,853 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.7B here).
- Supplemental Income 401(k) Plan (CA) $1.7B · 30,285
- Astellas US Retirement and Savings Plan (IL) $1.7B · 3,334
- Nutrien 401(k) Retirement Plan (CO) $1.7B · 12,106
- Zions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership Plan (UT) $1.7B · 10,088
Similar participant headcount
Nearest other-state filings by covered participants (5,855 participants); asset peers above are excluded.
- The University of Phoenix, Inc. Savings and Investment Plan (AZ) 5,853 · 2 off
- Eym Group, Inc. 401(k) Retirement Savings Plan (TX) 5,851 · 4 off
- Barry-Wehmiller Companies' 401(k) Retirement Savings Plan (MO) 5,851 · 4 off
- Southwire Company Hourly 401(k) Plan (GA) 5,863 · 8 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.