2023 Form 5500 filing — Borgwarner Inc. Retirement Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241007165315NAL0009064483001) for Borgwarner Inc. Retirement Plan, reported by Borgwarner Inc. under EIN 13-3404508 and plan number 001. It reports 2,171 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241007165315NAL0009064483001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Borgwarner Inc.
- EIN
- 13-3404508
- Plan number
- 001
- Location
- Auburn Hills, MI
- Participants
- 2,171
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $122,641,191
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $122,641,191
- Employer contributions
- $0
- Participant contributions
- $0
- Total income / additions
- $9,365,626
- Benefits paid
- $13,337,102
- Administrative expenses
- $2,463,193
- Total expenses
- $15,800,295
- Net increase / (decrease)
- -$6,434,669
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Towers Watson Investment Services | NONE | $220,083 | not reported in the loaded dataset |
| Willis Towers Watson Us LLC | NONE | $119,635 | not reported in the loaded dataset |
| Northern Trust | NONE | $119,573 | not reported in the loaded dataset |
| Grant Thornton Llp | NONE | $43,250 | not reported in the loaded dataset |
| Blackrock Institutional Trust Compa | NONE | $8,452 | not reported in the loaded dataset |