401(k) · DOL Form 5500 · 2023
Borgman Ford Sales, Inc. 401(k) Plan
Data updated 2026-08-25
- $10M
- Total assets Small plan by assets
- 126
- Participants Small participant base
- 59th
- Percentile by assets National rank
- $80,328
- Avg per participant Below avg balance/head
Official DOL plan name: Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan · Sponsored by Borgman Ford Sales, Inc. · Michigan · Retail Trade
$10M in assets, 126 participants
Borgman Ford Sales, Inc.'s Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan reported $10M in total assets and 126 participants in its 2023 DOL Form 5500 filing, ranking in the 59th 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.
- #5,865 in Retail Trade (8,414 peers)
Coverage in Michigan
Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan covers 126 participants in Michigan, about 20% of the average Michigan filer (state average ~638 per filing). Assets: $10M.
- #5,865
- in Retail Trade (8,414 peers)
- +16.0%
- assets growth YoY
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 2023 · DOL Form 5500
$10,121,326 Top 41% higher than 59% 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
Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan among mid-size filed plans by headcount
Plan-year 2023 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 (126 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan reported net income rose from -$645K in the plan year 2022 filing to $1M in the plan year 2023 filing.
- Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan end-of-year assets rose from $9M in the plan year 2022 filing to $10M in the plan year 2023 filing.
- Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan reported participants rose from 110 in the plan year 2022 filing to 126 in the plan year 2023 filing.
DOL schedule card
Filing strip 381643187 · Borgman Ford Sales, Inc. PY 2023 · 401(k)
Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan · $10M · 126 · 59th
- PCT $10M
- PCT 126
- PCT 59th
- PCT 401(k)
- PCT near The Rock Brook Consulting Group, PA 401(k) Plan
- PCT ind #5865
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
Michigan filing particulars
| Total Assets (Beginning of Year) | $9M |
|---|---|
| Net Assets (End of Year) | $10M |
| Net Income | $1M |
| Employer EIN | 381643187 |
| Plan Effective Date | 1966-09-26 |
| Filing Status | FILING 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
| 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.
- 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
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 The Rock Brook Consulting Group, PA 401(k) Plan in NJ ($10M); by covered participants it is Land Clearing Specialist Inc 401(k) Profit Sharing Plan & Trust in PA (126 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($10M here).
- The Rock Brook Consulting Group, PA 401(k) Plan (NJ) $10M · 47
- Planet Depos 401(k) Plan (MD) $10M · 310
- Unwired Broadband Holdings 401(k) Plan (CA) $10M · 138
- Liberty Steel Products 401(k) Retirement Plan (OH) $10M · 101
Similar participant headcount
Nearest other-state filings by covered participants (126 participants); asset peers above are excluded.
- Land Clearing Specialist Inc 401(k) Profit Sharing Plan & Trust (PA) 126 · 0 off
- Diacom 401(k) Savings Plan (NH) 126 · 0 off
- Home Buys LLC 401(k) Profit Sharing Plan & Trust (OH) 126 · 0 off
- Almaden 401(k) Plan (CA) 126 · 0 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.