Plan Snapshot
- Plan Sponsor: Borgwarner INC.
- Sponsor EIN: 133404508
- Sponsor Address: 3850 HAMLIN ROAD, AUBURN HILLS, MI, 483262872
- Plan Type: DB
- Total Participants: 326
- Total Assets: $126.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 326 | $126.5M | $15.0M | $0 |
| 2023 | 381 | $122.6M | $0 | $0 |
| 2022 | 431 | $129.1M | $0 | $0 |
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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON US LLC | NONE | $365,930 | — | $365,930 |
| TOWERS WATSON INVESTMENT SERVICES | NONE | $244,522 | — | $244,522 |
| NORTHERN TRUST | NONE | $110,518 | — | $110,518 |
| GRANT THORNTON LLP | NONE | $43,200 | — | $43,200 |
| BLACKROCK INSTITUTIONAL TRUST COMPA | NONE | $7,228 | — | $7,228 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — NONE
- GRANT THORNTON LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $771,398
- Estimated Expense Ratio: 0.610% 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 | $764,856 | $3,763 | $589,368 | — | — |
| 2023 | $2,463,193 | $231,156 | — | $43,250 | — |
| 2022 | $1,398,237 | $244,828 | — | — | $535,368 |