Civic Intelligence

Borgman Ford Sales Inc.

Plan context: Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan

EIN 38-1643187 • Grandville, MI • 25 filings • 2 plans

3150 28th St SWGrandville, MI 49418-1111
Current Snapshot

Latest Year

2023

2023 Participants

130

2023 Assets

$10,121,326

2023 Contributions

$962,974

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$11,077,984$5,538,992$0199920132023YearValue
$10,121,326Latest year 2023

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

130650199920122023YearValue
130Latest year 2023

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
20231130$10,121,326$962,974$7,407iApproximate average salary by contribution assumption: employee only about $185,187 at 4% or $123,458 at 6%; with 50% employer match about $123,458 at 4% or $82,305 at 6%; with 100% employer match about $92,594 at 4% or $61,729 at 6%.
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-130$10,121,326$962,974$7,407iApproximate average salary by contribution assumption: employee only about $185,187 at 4% or $123,458 at 6%; with 50% employer match about $123,458 at 4% or $82,305 at 6%; with 100% employer match about $92,594 at 4% or $61,729 at 6%.
20221123$8,724,344$904,083$7,350iApproximate average salary by contribution assumption: employee only about $183,757 at 4% or $122,504 at 6%; with 50% employer match about $122,504 at 4% or $81,670 at 6%; with 100% employer match about $91,878 at 4% or $61,252 at 6%.
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-123$8,724,344$904,083$7,350iApproximate average salary by contribution assumption: employee only about $183,757 at 4% or $122,504 at 6%; with 50% employer match about $122,504 at 4% or $81,670 at 6%; with 100% employer match about $91,878 at 4% or $61,252 at 6%.
20211107$9,368,993$893,452$8,350iApproximate average salary by contribution assumption: employee only about $208,750 at 4% or $139,167 at 6%; with 50% employer match about $139,167 at 4% or $92,778 at 6%; with 100% employer match about $104,375 at 4% or $69,583 at 6%.
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-107$9,368,993$893,452$8,350iApproximate average salary by contribution assumption: employee only about $208,750 at 4% or $139,167 at 6%; with 50% employer match about $139,167 at 4% or $92,778 at 6%; with 100% employer match about $104,375 at 4% or $69,583 at 6%.
20201108$11,077,984$742,938$6,879iApproximate average salary by contribution assumption: employee only about $171,976 at 4% or $114,651 at 6%; with 50% employer match about $114,651 at 4% or $76,434 at 6%; with 100% employer match about $85,988 at 4% or $57,325 at 6%.
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-108$11,077,984$742,938$6,879iApproximate average salary by contribution assumption: employee only about $171,976 at 4% or $114,651 at 6%; with 50% employer match about $114,651 at 4% or $76,434 at 6%; with 100% employer match about $85,988 at 4% or $57,325 at 6%.
20191113$8,914,323$667,923$5,911iApproximate average salary by contribution assumption: employee only about $147,771 at 4% or $98,514 at 6%; with 50% employer match about $98,514 at 4% or $65,676 at 6%; with 100% employer match about $73,885 at 4% or $49,257 at 6%.
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-113$8,914,323$667,923$5,911iApproximate average salary by contribution assumption: employee only about $147,771 at 4% or $98,514 at 6%; with 50% employer match about $98,514 at 4% or $65,676 at 6%; with 100% employer match about $73,885 at 4% or $49,257 at 6%.
20181117$7,824,419$584,108$4,992iApproximate average salary by contribution assumption: employee only about $124,809 at 4% or $83,206 at 6%; with 50% employer match about $83,206 at 4% or $55,471 at 6%; with 100% employer match about $62,405 at 4% or $41,603 at 6%.
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-117$7,824,419$584,108$4,992iApproximate average salary by contribution assumption: employee only about $124,809 at 4% or $83,206 at 6%; with 50% employer match about $83,206 at 4% or $55,471 at 6%; with 100% employer match about $62,405 at 4% or $41,603 at 6%.
2017199$7,572,522$647,926$6,545iApproximate average salary by contribution assumption: employee only about $163,618 at 4% or $109,078 at 6%; with 50% employer match about $109,078 at 4% or $72,719 at 6%; with 100% employer match about $81,809 at 4% or $54,539 at 6%.
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-99$7,572,522$647,926$6,545iApproximate average salary by contribution assumption: employee only about $163,618 at 4% or $109,078 at 6%; with 50% employer match about $109,078 at 4% or $72,719 at 6%; with 100% employer match about $81,809 at 4% or $54,539 at 6%.
2016199$6,789,086$471,043$4,758iApproximate average salary by contribution assumption: employee only about $118,950 at 4% or $79,300 at 6%; with 50% employer match about $79,300 at 4% or $52,867 at 6%; with 100% employer match about $59,475 at 4% or $39,650 at 6%.
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-99$6,789,086$471,043$4,758iApproximate average salary by contribution assumption: employee only about $118,950 at 4% or $79,300 at 6%; with 50% employer match about $79,300 at 4% or $52,867 at 6%; with 100% employer match about $59,475 at 4% or $39,650 at 6%.
2015192$5,783,956$425,744$4,628iApproximate average salary by contribution assumption: employee only about $115,691 at 4% or $77,128 at 6%; with 50% employer match about $77,128 at 4% or $51,418 at 6%; with 100% employer match about $57,846 at 4% or $38,564 at 6%.
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-92$5,783,956$425,744$4,628iApproximate average salary by contribution assumption: employee only about $115,691 at 4% or $77,128 at 6%; with 50% employer match about $77,128 at 4% or $51,418 at 6%; with 100% employer match about $57,846 at 4% or $38,564 at 6%.
2014187$4,966,585$393,734$4,526iApproximate average salary by contribution assumption: employee only about $113,142 at 4% or $75,428 at 6%; with 50% employer match about $75,428 at 4% or $50,285 at 6%; with 100% employer match about $56,571 at 4% or $37,714 at 6%.
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-87$4,966,585$393,734$4,526iApproximate average salary by contribution assumption: employee only about $113,142 at 4% or $75,428 at 6%; with 50% employer match about $75,428 at 4% or $50,285 at 6%; with 100% employer match about $56,571 at 4% or $37,714 at 6%.
2013180$4,985,592$297,782$3,722iApproximate average salary by contribution assumption: employee only about $93,057 at 4% or $62,038 at 6%; with 50% employer match about $62,038 at 4% or $41,359 at 6%; with 100% employer match about $46,528 at 4% or $31,019 at 6%.
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-80$4,985,592$297,782$3,722iApproximate average salary by contribution assumption: employee only about $93,057 at 4% or $62,038 at 6%; with 50% employer match about $62,038 at 4% or $41,359 at 6%; with 100% employer match about $46,528 at 4% or $31,019 at 6%.
2012184$4,575,429$307,426$3,660iApproximate average salary by contribution assumption: employee only about $91,496 at 4% or $60,997 at 6%; with 50% employer match about $60,997 at 4% or $40,665 at 6%; with 100% employer match about $45,748 at 4% or $30,499 at 6%.
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-84$4,575,429$307,426$3,660iApproximate average salary by contribution assumption: employee only about $91,496 at 4% or $60,997 at 6%; with 50% employer match about $60,997 at 4% or $40,665 at 6%; with 100% employer match about $45,748 at 4% or $30,499 at 6%.
2011192$4,713,378$254,746$2,769iApproximate average salary by contribution assumption: employee only about $69,224 at 4% or $46,150 at 6%; with 50% employer match about $46,150 at 4% or $30,766 at 6%; with 100% employer match about $34,612 at 4% or $23,075 at 6%.
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-92$4,713,378$254,746$2,769iApproximate average salary by contribution assumption: employee only about $69,224 at 4% or $46,150 at 6%; with 50% employer match about $46,150 at 4% or $30,766 at 6%; with 100% employer match about $34,612 at 4% or $23,075 at 6%.
2010196$4,142,926$244,337$2,545iApproximate average salary by contribution assumption: employee only about $63,629 at 4% or $42,420 at 6%; with 50% employer match about $42,420 at 4% or $28,280 at 6%; with 100% employer match about $31,815 at 4% or $21,210 at 6%.
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-96$4,142,926$244,337$2,545iApproximate average salary by contribution assumption: employee only about $63,629 at 4% or $42,420 at 6%; with 50% employer match about $42,420 at 4% or $28,280 at 6%; with 100% employer match about $31,815 at 4% or $21,210 at 6%.
2009191$4,575,258$189,415$2,081iApproximate average salary by contribution assumption: employee only about $52,037 at 4% or $34,691 at 6%; with 50% employer match about $34,691 at 4% or $23,128 at 6%; with 100% employer match about $26,019 at 4% or $17,346 at 6%.
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-91$4,575,258$189,415$2,081iApproximate average salary by contribution assumption: employee only about $52,037 at 4% or $34,691 at 6%; with 50% employer match about $34,691 at 4% or $23,128 at 6%; with 100% employer match about $26,019 at 4% or $17,346 at 6%.
2008190$3,985,775$165,163$1,835iApproximate average salary by contribution assumption: employee only about $45,879 at 4% or $30,586 at 6%; with 50% employer match about $30,586 at 4% or $20,390 at 6%; with 100% employer match about $22,939 at 4% or $15,293 at 6%.
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-90$3,985,775$165,163$1,835iApproximate average salary by contribution assumption: employee only about $45,879 at 4% or $30,586 at 6%; with 50% employer match about $30,586 at 4% or $20,390 at 6%; with 100% employer match about $22,939 at 4% or $15,293 at 6%.
2007197$3,953,331$189,785$1,957iApproximate average salary by contribution assumption: employee only about $48,914 at 4% or $32,609 at 6%; with 50% employer match about $32,609 at 4% or $21,739 at 6%; with 100% employer match about $24,457 at 4% or $16,305 at 6%.
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-97$3,953,331$189,785$1,957iApproximate average salary by contribution assumption: employee only about $48,914 at 4% or $32,609 at 6%; with 50% employer match about $32,609 at 4% or $21,739 at 6%; with 100% employer match about $24,457 at 4% or $16,305 at 6%.
2006191$0$0-
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-91---
20051100$5,054,747$209,997$2,100iApproximate average salary by contribution assumption: employee only about $52,499 at 4% or $35,000 at 6%; with 50% employer match about $35,000 at 4% or $23,333 at 6%; with 100% employer match about $26,250 at 4% or $17,500 at 6%.
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-100$5,054,747$209,997$2,100iApproximate average salary by contribution assumption: employee only about $52,499 at 4% or $35,000 at 6%; with 50% employer match about $35,000 at 4% or $23,333 at 6%; with 100% employer match about $26,250 at 4% or $17,500 at 6%.
2004185$5,255,435$300,815$3,539iApproximate average salary by contribution assumption: employee only about $88,475 at 4% or $58,983 at 6%; with 50% employer match about $58,983 at 4% or $39,322 at 6%; with 100% employer match about $44,238 at 4% or $29,492 at 6%.
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-85$5,255,435$300,815$3,539iApproximate average salary by contribution assumption: employee only about $88,475 at 4% or $58,983 at 6%; with 50% employer match about $58,983 at 4% or $39,322 at 6%; with 100% employer match about $44,238 at 4% or $29,492 at 6%.
2003190$0$0-
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-90---
20021112$0$0-
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-112---
20011103$0$0-
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-103---
200010$5,781,997$0-
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-0$5,781,997--
1999188$6,854,806$334,263$3,798iApproximate average salary by contribution assumption: employee only about $94,961 at 4% or $63,307 at 6%; with 50% employer match about $63,307 at 4% or $42,205 at 6%; with 100% employer match about $47,481 at 4% or $31,654 at 6%.
Borgman Ford Sales Inc. Employees Profit Sharing and 401K Plan-88$6,854,806$334,263$3,798iApproximate average salary by contribution assumption: employee only about $94,961 at 4% or $63,307 at 6%; with 50% employer match about $63,307 at 4% or $42,205 at 6%; with 100% employer match about $47,481 at 4% or $31,654 at 6%.