401(k) · DOL Form 5500 · 2024

Borgman Ford Sales, Inc. 401(k) Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
133
Participants Small participant base
59th
Percentile by assets National rank
$86,525
Avg per participant Below avg balance/head
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Official DOL plan name: Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan · Sponsored by Borgman Ford Sales, Inc. · Michigan · Retail Trade

$12M in assets, 133 participants

Borgman Ford Sales, Inc.'s Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan reported $12M in total assets and 133 participants in its 2024 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.

  • #5,610 in Retail Trade (8,048 peers)

Coverage in Michigan

Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan covers 133 participants in Michigan, about 21% of the average Michigan filer (state average ~638 per filing). Assets: $12M.

#5,610
in Retail Trade (8,048 peers)
+13.7%
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 2024 · DOL Form 5500

$11,507,861 Top 41% higher than 59% of 123,620 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 2024

Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 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 (133 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan end-of-year assets rose from $10M in the plan year 2023 filing to $12M in the plan year 2024 filing.
  • Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan reported participants rose from 126 in the plan year 2023 filing to 133 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 381643187 · Borgman Ford Sales, Inc. PY 2024 · 401(k)

Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan · $12M · 133 · 59th

  • PCT $12M
  • PCT 133
  • PCT 59th
  • PCT 401(k)
  • PCT near Veros Credit, LLC 401(k) Plan
  • PCT ind #5610

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

Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) PlanBorgman Ford Sales, Inc. Emp…$12MVeros Credit, LLC 401(k) Plan$12MPediatric Group of Acadiana, LLC 401(k) PlanPediatric Group of Acadiana,…$12MPotomacwave Consulting 401(k)$12MGreat Lakes Management 401(k) Retirement Savings PlanGreat Lakes Management 401(k…$12M
End-of-year total assets ($M) among Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$12M
Net Income$1M
Employer EIN381643187
Plan Effective Date1966-09-26
Filing StatusFILING 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
$8M$9M$10M$11M$12M 202220232024 $8.72M $11.5M ▲ +32.0%
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.

Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan, Total assets ($B): 0.011507861 · Participants: 133Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 23.0591668 · Participants: 43053General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 17.26893589 · Participants: 31790Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.768606712 · Participants: 17128The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 9.568379082 · Participants: 42513The 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): 8.2932975 · Participants: 60497Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan side-by-side with 3 peers →

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 Veros Credit, LLC 401(k) Plan in CA ($12M); by covered participants it is Daystar Products Int'l, Inc. 401(k) Profit Sharing Plan in AZ (133 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($12M here).

Similar participant headcount

Nearest other-state filings by covered participants (133 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan assets move in 2024? ▼
Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan grew at a solid clip - up 13.7% during 2024, from $10M to $12M. Reported net income was $1M.
How have Borgman Ford Sales, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Borgman Ford Sales, Inc.'s sponsor-wide assets grew 31.9%, from $9M to $12M.
Which 401(k) plans are similar in size to Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Veros Credit, LLC 401(k) Plan in CA ($12M, 222 participants).
Which 401(k) plans cover a similar participant headcount to Borgman Ford Sales, Inc. Employees' Profit Sharing and 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Daystar Products Int'l, Inc. 401(k) Profit Sharing Plan in AZ (133 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 381643187.

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.