Assets by plan
Share of aggregate retirement assets
Sponsor portfolioTH
BORGWARNER INC.
EIN 13-3404508automotiveLatest filing 2024
Plans
4
Retirement
2
$1.72B assets
Welfare
2
$6.0M premiums
Participants
18,303
3850 HAMLIN ROAD - AUBURN HILLS, MI 483262872248-754-9200borgwarner.comLinkedIn10001+ employeesautomotive
Retirement portfolio analytics
2 plans aggregated / $1.72B assets / 10,171 participantsRecordkeeper share
DC plan assets by Schedule C recordkeeper
93%top
- THE VANGUARD GROUP, INC.93%
- (Not disclosed)7%
Participants by plan
Active + retired + deferred vested
Benefits portfolio analytics
2 plans / $6.0M premiums / 5,607 covered livesCoverage by line
Premium dollars by benefit type (bundled lines overlap)
- Life$3.0M
- Other$3.0M
- Health$1.2M
- Long-term disability$1.1M
- Short-term disability$679K
- Dental$414K
- +1 more
Carrier market share
Premium dollars by Schedule A carrier
61%top
- METROPOLITAN LIFE INSURANCE COMPANY61%
- LIFE INSURANCE COMPANY OF NORTH AMERICA30%
- AETNA LIFE INSURANCE COMPANY7%
- CIGNA HEALTH AND LIFE INSURANCE COMPANY3%
Broker market share
Schedule A broker compensation
65%top
- STRATEGIC EMPLOYEE BENEFIT SERVICES65%
- WILLIS TOWERS WATSON US LLC35%
- MARSH & MCLENNAN AGENCY LLC0%
Plan deep-dives
Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.Retirement#066
BORGWARNER INC. RETIREMENT SAVINGS PLAN
401k
Assets$1.59B
Participants8,196
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#001
BORGWARNER INC. RETIREMENT PLAN
CashBalance
Assets$126.5M
Participants1,975
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#501
BORGWARNER INC. FLEXIBLE BENEFITS PLAN
Fully Insured - METROPOLITAN LIFE INSURANCE COMPANY
Premiums$5.9M
Covered lives5,542
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#600
BORGWARNER INC. RETIREE HEALTH & LIFE PLAN
Mixed - CIGNA HEALTH AND LIFE INSURANCE COMPANY
Premiums$70K
Covered lives65
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Retirement plans2
| Plan # | Name | Type | Assets | Participants | Latest year | |
|---|---|---|---|---|---|---|
| 066 | BORGWARNER INC. RETIREMENT SAVINGS PLAN | 401k | $1.59B | 8,196 | 2024 | |
| 001 | BORGWARNER INC. RETIREMENT PLAN | CashBalance | $126.5M | 1,975 | 2024 |
Welfare plans2
| Plan # | Name | Funding | Carrier | Premiums | Covered | Latest year | |
|---|---|---|---|---|---|---|---|
| 501 | BORGWARNER INC. FLEXIBLE BENEFITS PLAN | Fully Insured | METROPOLITAN LIFE INSURANCE COMPANY | $5.9M | 5,542 | 2024 | |
| 600 | BORGWARNER INC. RETIREE HEALTH & LIFE PLAN | Mixed | CIGNA HEALTH AND LIFE INSURANCE COMPANY | $70K | 65 | 2024 |
Retirement plans
Welfare plans