401(k) · DOL Form 5500 · 2023

Borman Motor Company LLC 401(k) Plan

Data updated 2026-08-25

$2M
Total assets Small plan by assets
100
Participants Small participant base
32nd
Percentile by assets National rank
$22,055
Avg per participant Low balance/head
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Official DOL plan name: Borman Motor Company LLC Salary Deferred 401(k) Plan · Sponsored by Borman Motor Company LLC · New Mexico · Retail Trade

$2M in assets, 100 participants

Borman Motor Company LLC's Borman Motor Company LLC Salary Deferred 401(k) Plan reported $2M in total assets and 100 participants in its 2023 DOL Form 5500 filing, ranking in the 32nd 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.

  • #3,668 in Retail Trade (8,414 peers)

Coverage in New Mexico

Borman Motor Company LLC Salary Deferred 401(k) Plan covers 100 participants in New Mexico, about 27% of the average New Mexico filer (state average ~365 per filing). Assets: $2M.

#3,668
in Retail Trade (8,414 peers)
-47.4%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Borman Motor Company LLC Salary Deferred 401(k) Plan among the smaller filed plans by assets

Borman Motor Company LLC Salary Deferred 401(k) Plan vs every filed plan by assets

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

$2,205,532 32nd percentile higher than 32% 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

Borman Motor Company LLC Salary Deferred 401(k) 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. Borman Motor Company LLC Salary Deferred 401(k) Plan is a small filing (100 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Borman Motor Company LLC Salary Deferred 401(k) Plan reported net income fell from -$819K in the plan year 2022 filing to -$2M in the plan year 2023 filing.
  • Borman Motor Company LLC Salary Deferred 401(k) Plan end-of-year assets fell from $4M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Borman Motor Company LLC Salary Deferred 401(k) Plan reported participants rose from 96 in the plan year 2022 filing to 100 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 850405111 · Borman Motor Company LLC PY 2023 · 401(k)

Borman Motor Company LLC Salary Deferred 401(k) Plan · $2M · 100 · 32nd

  • PART $2M
  • TYPE 100
  • NET 32nd
  • BOOK 401(k)
  • VS-ST near Jewish Community Center of York 401(k) Plan
  • BOY ind #3668

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 New Mexico →

Borman Motor Company LLC Salary Deferred 401(k) Plan in the asset neighbourhood

Borman Motor Company LLC Salary Deferred 401(k) PlanBorman Motor Company LLC Sal…$2MJewish Community Center of York 401(k) PlanJewish Community Center of Y…$2MAndrea Shapiro Esq PLLC 401(k) Profit Sharing Plan & TrustAndrea Shapiro Esq PLLC 401(…$2MVan Packer Co. 401(k) Profit Sharing PlanVan Packer Co. 401(k) Profit…$2MZoom North America LLC 401(k) PlanZoom North America LLC 401(k…$2M
End-of-year total assets ($M) among Borman Motor Company LLC Salary Deferred 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New Mexico filing particulars

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$2M
Net Income-$2M
Employer EIN850405111
Plan Effective Date1993-02-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Borman Motor Company LLC)

Sponsor-wide plan assets over time

All Borman Motor Company LLC plans reported in each filing year

Latest sponsor-wide plan assets
$2M 47.36284646522358% vs 2022
2023 filing year
$2M$3M$4M$5M 20222023 $4.19M $2.21M ▼ -47.3%
Year Plans Participants Total Assets
2022 1 96 $4M
2023 2 229 $2M

Nearby 401(k) Plans in New Mexico

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

Borman Motor Company LLC Salary Deferred 401(k) Plan vs. nearby 401(k) plans in New Mexico, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -202468 Total assets ($B) Participants Borman Motor Company LLC Salary Deferred 401(k) Plan, Total assets ($B): 0.002205532 · Participants: 100Borman Motor Company LLC Salary Deferred 401(k) PlanNtess Savings and Income Plan, Total assets ($B): 6.138288212 · Participants: 14721Ntess Savings and Income PlanTriad 401(k) Retirement Plan, Total assets ($B): 2.017061751 · Participants: 10005Triad 401(k) Retirement PlanTriad 401(k) Savings Plan, Total assets ($B): 0.83962508 · Participants: 2249Triad 401(k) Savings PlanPnm Resources, Inc. Retirement Savings Plan, Total assets ($B): 0.76542965 · Participants: 1531Pnm Resources, Inc. Retirement Savings PlanApplied Research Associates, Inc. 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.573005592 · Participants: 1962Applied Research Associates, Inc. 401(k) Profit Sharing Plan & Trust
Borman Motor Company LLC Salary Deferred 401(k) Plan vs. nearby 401(k) plans in New Mexico, assets vs. participants
Compare Borman Motor Company LLC Salary Deferred 401(k) Plan side-by-side with 3 peers →

Borman Motor Company LLC Salary Deferred 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside New Mexico, the nearest 401(k) by assets is Jewish Community Center of York 401(k) Plan in PA ($2M); by covered participants it is Carteret Management Corporation 401(k) Plan in FL (100 participants). Same-state nearby plans are listed separately above.

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 Borman Motor Company LLC Salary Deferred 401(k) Plan assets move in 2023? ▼
Borman Motor Company LLC Salary Deferred 401(k) Plan contracted severely - down 47.4% during 2023, from $4M to $2M. Reported net income was -$2M.
How have Borman Motor Company LLC plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Borman Motor Company LLC's sponsor-wide assets declined 47.4%, from $4M to $2M.
Which 401(k) plans are similar in size to Borman Motor Company LLC Salary Deferred 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Jewish Community Center of York 401(k) Plan in PA ($2M, 226 participants).
Which 401(k) plans cover a similar participant headcount to Borman Motor Company LLC Salary Deferred 401(k) Plan? ▼
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 850405111.

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.