Plan Snapshot
- Plan Sponsor: Borgman Ford Sales, INC.
- Sponsor EIN: 381643187
- Sponsor Address: 3150 28TH ST SW, GRANDVILLE, MI, 494181111
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 130
- Total Assets: $10.1M
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. |
|---|
| 2023 | 130 | $10.1M | $147,272 | $804,984 |
| 2022 | 123 | $8.7M | $137,546 | $764,003 |
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