Plan Snapshot
- Plan Sponsor: Borgwarner INC.
- Sponsor EIN: 133404508
- Sponsor Address: 3850 HAMLIN RD, AUBURN HILLS, MI, 483262872
- Plan Type: 401(k)
- Total Participants: 5,654
- Total Assets: $1.6B
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 | 5,654 | $1.6B | $41.7M | $62.8M |
| 2023 | 6,257 | $1.7B | $45.8M | $65.3M |
| 2022 | 5,855 | $1.6B | $41.6M | $59.1M |
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 |
|---|---|---|---|---|
| GRANT THORNTON LLP | Auditor | $42,600 | — | $42,600 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRANT THORNTON LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $42,600
- Estimated Expense Ratio: 0.003% of plan assets
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 | $1,047,783 | $577,699 | — | $42,600 | — |
| 2023 | $1,385,741 | $782,155 | — | $43,850 | — |
| 2022 | $1,207,461 | $714,222 | — | — | $10,267 |