Employers › BorgWarner
Recordkeeping fees per participant · Borgwarner Inc. Retirement Savings Plan · plan year 2024
$53.04
Higher than 86% of the 790 plans over $1B that report it.
= $427,484 / 8,059
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251013113004NAL0001125569001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013113004NAL0001125569001, received 2025-10-13
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-13.
Administrative expenses excluding investment management, per participant
$58.33
Higher than 70% of the 1,045 plans over $1B that report it.
= $470,084 / 8,059
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013113004NAL0001125569001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013113004NAL0001125569001, received 2025-10-13
Administrative expenses per participant
$130.01
Higher than 82% of the 1,076 plans over $1B that report it.
= $1,047,783 / 8,059
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013113004NAL0001125569001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013113004NAL0001125569001, received 2025-10-13
Administrative expenses as a share of assets
0.066%
Higher than 69% of the 1,076 plans over $1B that report it.
= $1,047,783 / $1,593,926,561
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013113004NAL0001125569001, received 2025-10-13
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013113004NAL0001125569001, received 2025-10-13
Employer contributions per participant
$5,169
Higher than 70% of the 1,135 plans over $1B that report it.
= $41,653,099 / 8,059
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013113004NAL0001125569001, received 2025-10-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013113004NAL0001125569001, received 2025-10-13
Employer share of total contributions
38.0%
Higher than 68% of the 1,135 plans over $1B that report it.
= $41,653,099 / $109,486,912
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013113004NAL0001125569001, received 2025-10-13
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013113004NAL0001125569001, received 2025-10-13
Plan terms are described in BorgWarner Inc.'s SEC filings: Form 11-K filed 2022-06-21 and Form 10-K filed 2026-02-11. No term could be quoted from them with the required precision.
2A age/service-weighted · 2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251013113004NAL0001125569001, received 2025-10-13
| Field | Value | Source |
|---|---|---|
| Plan sponsor | BORGWARNER INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Plan name | BORGWARNER INC. RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Sponsor EIN / plan number | 13-3404508 / 066 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Sponsor location | AUBURN HILLS, MI | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Industry (business code) | 336300, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Filing received | 2025-10-13 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Participants, beginning of year | 9,011 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Active participants | 5,654 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Participants, end of year | 8,196 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Participants with an account balance | 8,059 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Total assets, beginning of year | $1,654,609,778 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Total assets, end of year | $1,593,926,561 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Net assets, end of year | $1,593,877,956 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Total income | $328,354,525 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Net income | $-60,678,109 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Employer contributions | $41,653,099 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Participant contributions | $62,761,533 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Other contributions (incl. rollovers) | $5,072,280 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Total contributions | $109,486,912 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Benefit payments | $387,984,851 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Total expenses (incl. benefit payments) | $389,032,634 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Total administrative expenses | $1,047,783 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Recordkeeping fees | $427,484 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| IQPA audit fees | $42,600 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Investment advisory and management fees | $577,699 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Administrative expenses excluding investment management | $470,084 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Held in common/collective trusts | $1,537,287,073 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Held in mutual funds | $42,746,579 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251013113004NAL0001125569001, received 2025-10-13 |
| Independent auditor | GRANT THORNTON LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251013113004NAL0001125569001, received 2025-10-13 |
Position = column in the DOL layout for form year 2024. Filing 20251013113004NAL0001125569001, received 2025-10-13.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| VANGUARD ADVISERS INC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $441,947 | no |
| THE VANGUARD GROUP, INC.recordkeeper | NONE | 15 Recordkeeping and information management; 16 Consulting (general); 25 Trustee (directed); 37 Participant loan processing; 50 Direct payment from the plan | $419,895 | yes |
| WILLIS TOWERS WATSON US LLC | NONE | 27 Investment advisory (plan); 50 Direct payment from the plan | $99,245 | no |
| GRANT THORNTON LLP | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $42,600 | no |
| TOWERS WATSON INV SERVICES INC | NONE | 27 Investment advisory (plan); 50 Direct payment from the plan | $36,508 | no |
| GRANT THORNTON ADVISORS LLC | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $6,000 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251013113004NAL0001125569001, received 2025-10-13.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $1,654,609,778 | $1,593,926,561 | -3.7% |
| Participants with a balance | 8,409 | 8,059 | -4.2% |
| Administrative expenses | $1,385,741 | $1,047,783 | -24.4% |
| Recordkeeping fees per participant | $57.79 | $53.04 | -8.2% |
| Employer contributions | $45,819,397 | $41,653,099 | -9.1% |
Prior filing 20241003162604NAL0005049811001, received 2024-10-03; the plan years are contiguous.
Sponsor name as filed: BORGWARNER INC.; SEC registrant: BORGWARNER INC (CIK 908255, matched by EIN; display name from the Form 10-K cover).