Defined Benefit (Pension) · DOL Form 5500 · 2023

Borg Indak, Inc. Pension Plan

Data updated 2026-08-25

$5M
Total assets Small plan by assets
26
Participants Small participant base
45th
Percentile by assets National rank
$201,833
Avg per participant Above avg balance/head
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Official DOL plan name: The Borg Indak Defined Benefit Pension Plan · Sponsored by Borg Indak, Inc. · Wisconsin · Manufacturing

$5M in assets, 26 participants

Borg Indak, Inc.'s The Borg Indak Defined Benefit Pension Plan reported $5M in total assets and 26 participants in its 2023 DOL Form 5500 filing, ranking in the 45th 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.

  • #5,335 in Manufacturing (18,722 peers)

What the 2023 filing shows

The Borg Indak Defined Benefit Pension Plan holds $5M for 26 participants - about $201,833 per participant, in the lower half of filed plans by assets.

#5,335
in Manufacturing (18,722 peers)
-7.5%
assets change YoY

The plan reported a net loss of $426K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

The Borg Indak Defined Benefit Pension Plan's mid-pack asset rank among Manufacturing and all filers

The Borg Indak Defined Benefit Pension Plan vs every filed plan by assets

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

$5,247,662 45th percentile higher than 45% 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

The Borg Indak Defined Benefit Pension Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Borg Indak Defined Benefit Pension Plan is a small filing (26 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Borg Indak Defined Benefit Pension Plan reported net income rose from -$1M in the plan year 2022 filing to -$426K in the plan year 2023 filing.
  • The Borg Indak Defined Benefit Pension Plan reported participants fell from 30 in the plan year 2022 filing to 26 in the plan year 2023 filing.
  • The Borg Indak Defined Benefit Pension Plan end-of-year assets fell from $6M in the plan year 2022 filing to $5M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 363935655 · Borg Indak, Inc. PY 2023 · Defined Benefit (Pension)

The Borg Indak Defined Benefit Pension Plan · $5M · 26 · 45th

  • TYPE $5M
  • TYPE 26
  • TYPE 45th
  • TYPE Defined Benefit (Pension)
  • TYPE near Happys Local 22 Employees Pension Plan
  • TYPE ind #5335

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 Wisconsin →

The Borg Indak Defined Benefit Pension Plan in the asset neighbourhood

Kbc, Inc. Defined Benefit Pension PlanKbc, Inc. Defined Benefit Pe…$5MCambria Medical Care, PC Defined Benefit Pension PlanCambria Medical Care, PC Def…$5MThe Borg Indak Defined Benefit Pension PlanThe Borg Indak Defined Benef…$5MHappys Local 22 Employees Pension PlanHappys Local 22 Employees Pe…$5MWest Medical, Inc. Defined Benefit Pension PlanWest Medical, Inc. Defined B…$5M
End-of-year total assets ($M) among The Borg Indak Defined Benefit Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$5M
Net Income-$426K
Employer EIN363935655
Plan Effective Date1994-03-25
Filing StatusFILING RECEIVED

Sponsor Plan History (Borg Indak, Inc.)

Sponsor-wide plan assets over time

All Borg Indak, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
N/A
2024 filing year
$0M$2M$4M$6M$8M 202220232024 $5.67M $0M ▼ -100.0%
Year Plans Participants Total Assets
2022 1 30 $6M
2023 1 26 $5M
2024 1 23 N/A

Nearby Defined Benefit (Pension) Plans in Wisconsin

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

The Borg Indak Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -101234 Total assets ($B) Participants The Borg Indak Defined Benefit Pension Plan, Total assets ($B): 0.005247662 · Participants: 26The Borg Indak Defined Benefit Pension PlanThe Northwestern Mutual Employee Retirement Plan, Total assets ($B): 3.298151091 · Participants: 8348The Northwestern Mutual Employee Retirement PlanBuilding Trades United Pension Trust Fund Milwaukee and Vicinity, Total assets ($B): 3.267131995 · Participants: 9960Building Trades United Pension Trust Fund Milwaukee and VicinityThe Northwestern Mutual Life Insurance Company Agents Retirement Plan, Total assets ($B): 2.08393057 · Participants: 7368The Northwestern Mutual Life Insurance Company Agents Retirement PlanHarley-Davidson Retirement Plan, Total assets ($B): 1.912240682 · Participants: 1560Harley-Davidson Retirement PlanRockwell Automation Pension Plan, Total assets ($B): 1.77661124 · Participants: 2136Rockwell Automation Pension Plan
The Borg Indak Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants
Compare The Borg Indak Defined Benefit Pension Plan side-by-side with 3 peers →

The Borg Indak Defined Benefit Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Wisconsin, the nearest Defined Benefit (Pension) by assets is Happys Local 22 Employees Pension Plan in MN ($5M); by covered participants it is Paulo Products Company Employees' Pension Plan in MO (26 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (26 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 The Borg Indak Defined Benefit Pension Plan assets move in 2023? ▼
The Borg Indak Defined Benefit Pension Plan pulled back noticeably - down 7.5% during 2023, from $6M to $5M. Reported net income was -$426K.
Which Defined Benefit (Pension) plans are similar in size to The Borg Indak Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Happys Local 22 Employees Pension Plan in MN ($5M, 50 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to The Borg Indak Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Paulo Products Company Employees' Pension Plan in MO (26 participants, $6M 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 363935655.

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.