Plan Snapshot
- Plan Sponsor: Borgers Usa Corp.
- Sponsor EIN: 651172965
- Sponsor Address: 400 INDUSTRIAL PARKWAY, NORWALK, OH, 44857
- Plan Type: 401(k)
- Total Participants: 407
- Total Assets: $6.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 407 | $6.1M | $620,161 | $830,904 |
| 2023 | 467 | $5.3M | $701,443 | $885,623 |
| 2022 | 520 | $4.0M | $412,720 | $547,585 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PAYNE NICKLES & COMPANY CPAS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYNE NICKLES & COMPANY CPAS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $106,508 | $27,711 | $78,797 | — | — |
| 2023 | $93,269 | $22,034 | $71,235 | — | — |
| 2022 | $59,555 | $18,603 | $40,952 | — | — |