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BORGWARNER MORSE TEC INC., ITHACA PLANT RETIREMENT SAVINGS PLAN 401k Plan overview

Plan NameBORGWARNER MORSE TEC INC., ITHACA PLANT RETIREMENT SAVINGS PLAN
Plan identification number 080

BORGWARNER MORSE TEC INC., ITHACA PLANT RETIREMENT SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

BORGWARNER MORSE TEC has sponsored the creation of one or more 401k plans.

Company Name:BORGWARNER MORSE TEC
Employer identification number (EIN):133404507
NAIC Classification:336300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BORGWARNER MORSE TEC INC., ITHACA PLANT RETIREMENT SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0802012-01-01JANICE MCADAMS JANICE MCADAMS2013-06-28
0802011-01-01JANICE MCADAMS
0802010-01-01JANICE MCADAMS JANICE MCADAMS2011-08-12
0802009-01-01JANICE MCADAMS
0802009-01-01JANICE MCADAMS

Plan Statistics for BORGWARNER MORSE TEC INC., ITHACA PLANT RETIREMENT SAVINGS PLAN

401k plan membership statisitcs for BORGWARNER MORSE TEC INC., ITHACA PLANT RETIREMENT SAVINGS PLAN

Measure Date Value
2012: BORGWARNER MORSE TEC INC., ITHACA PLANT RETIREMENT SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-011,386
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: BORGWARNER MORSE TEC INC., ITHACA PLANT RETIREMENT SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-011,360
Total number of active participants reported on line 7a of the Form 55002011-01-011,189
Number of retired or separated participants receiving benefits2011-01-014
Number of other retired or separated participants entitled to future benefits2011-01-01188
Total of all active and inactive participants2011-01-011,381
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-015
Total participants2011-01-011,386
Number of participants with account balances2011-01-011,365
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0129
2010: BORGWARNER MORSE TEC INC., ITHACA PLANT RETIREMENT SAVINGS PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-011,072
Total number of active participants reported on line 7a of the Form 55002010-01-011,156
Number of retired or separated participants receiving benefits2010-01-013
Number of other retired or separated participants entitled to future benefits2010-01-01197
Total of all active and inactive participants2010-01-011,356
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-014
Total participants2010-01-011,360
Number of participants with account balances2010-01-011,249
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0131
2009: BORGWARNER MORSE TEC INC., ITHACA PLANT RETIREMENT SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-011,129
Total number of active participants reported on line 7a of the Form 55002009-01-01857
Number of retired or separated participants receiving benefits2009-01-013
Number of other retired or separated participants entitled to future benefits2009-01-01163
Total of all active and inactive participants2009-01-011,023
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-014
Total participants2009-01-011,027
Number of participants with account balances2009-01-011,017
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-018

Financial Data on BORGWARNER MORSE TEC INC., ITHACA PLANT RETIREMENT SAVINGS PLAN

Measure Date Value
2012 : BORGWARNER MORSE TEC INC., ITHACA PLANT RETIREMENT SAVINGS PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total transfer of assets from this plan2012-12-31$91,180,561
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$19,850
Total income from all sources (including contributions)2012-12-31$15,603,902
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$4,758,175
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$4,596,834
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$6,682,992
Value of total assets at end of year2012-12-31$0
Value of total assets at beginning of year2012-12-31$80,354,684
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$161,341
Total interest from all sources2012-12-31$109,957
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$47,344
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$30,000,000
If this is an individual account plan, was there a blackout period2012-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$3,112,758
Participant contributions at end of year2012-12-31$0
Participant contributions at beginning of year2012-12-31$2,519,870
Participant contributions at end of year2012-12-31$0
Participant contributions at beginning of year2012-12-31$52,444
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$158,354
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$19,850
Administrative expenses (other) incurred2012-12-31$113,997
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$10,845,727
Value of net assets at end of year (total assets less liabilities)2012-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$80,334,834
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Interest on participant loans2012-12-31$109,957
Value of interest in master investment trust accounts at end of year2012-12-31$0
Value of interest in master investment trust accounts at beginning of year2012-12-31$77,720,393
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$3,411,880
Employer contributions (assets) at end of year2012-12-31$0
Employer contributions (assets) at beginning of year2012-12-31$61,977
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$4,596,834
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31Yes
Did the plan have assets held for investment2012-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31PRICEWATERHOUSECOOPERS LLP
Accountancy firm EIN2012-12-31134008324
2011 : BORGWARNER MORSE TEC INC., ITHACA PLANT RETIREMENT SAVINGS PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$19,850
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$4,031,153
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$4,845,129
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$4,655,209
Expenses. Certain deemed distributions of participant loans2011-12-31$57,359
Value of total corrective distributions2011-12-31$12
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$6,366,895
Value of total assets at end of year2011-12-31$80,354,684
Value of total assets at beginning of year2011-12-31$81,148,810
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$132,549
Total interest from all sources2011-12-31$102,269
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$29,578
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$30,000,000
If this is an individual account plan, was there a blackout period2011-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$2,956,651
Participant contributions at end of year2011-12-31$2,519,870
Participant contributions at beginning of year2011-12-31$2,062,402
Participant contributions at end of year2011-12-31$52,444
Participant contributions at beginning of year2011-12-31$47,386
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$101,698
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$19,850
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$0
Administrative expenses (other) incurred2011-12-31$102,971
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-813,976
Value of net assets at end of year (total assets less liabilities)2011-12-31$80,334,834
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$81,148,810
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Interest on participant loans2011-12-31$102,269
Value of interest in master investment trust accounts at end of year2011-12-31$77,720,393
Value of interest in master investment trust accounts at beginning of year2011-12-31$78,984,955
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$3,308,546
Employer contributions (assets) at end of year2011-12-31$61,977
Employer contributions (assets) at beginning of year2011-12-31$54,067
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$4,655,209
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31Yes
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31PRICEWATERHOUSECOOPERS LLP
Accountancy firm EIN2011-12-31134008324
2010 : BORGWARNER MORSE TEC INC., ITHACA PLANT RETIREMENT SAVINGS PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total transfer of assets from this plan2010-12-31$33,606
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$24,197,199
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$5,642,851
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$5,545,282
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$4,863,215
Value of total assets at end of year2010-12-31$81,148,810
Value of total assets at beginning of year2010-12-31$62,628,068
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$97,569
Total interest from all sources2010-12-31$116,282
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$22,460
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$30,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$2,346,595
Participant contributions at end of year2010-12-31$2,062,402
Participant contributions at beginning of year2010-12-31$1,887,167
Participant contributions at end of year2010-12-31$47,386
Participant contributions at beginning of year2010-12-31$47,064
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$45,072
Administrative expenses (other) incurred2010-12-31$75,109
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$18,554,348
Value of net assets at end of year (total assets less liabilities)2010-12-31$81,148,810
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$62,628,068
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Interest on participant loans2010-12-31$116,282
Value of interest in master investment trust accounts at end of year2010-12-31$78,984,955
Value of interest in master investment trust accounts at beginning of year2010-12-31$60,646,637
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$2,471,548
Employer contributions (assets) at end of year2010-12-31$54,067
Employer contributions (assets) at beginning of year2010-12-31$47,200
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$5,545,282
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31PRICEWATERHOUSECOOPERS LLP
Accountancy firm EIN2010-12-31134008324
2009 : BORGWARNER MORSE TEC INC., ITHACA PLANT RETIREMENT SAVINGS PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for BORGWARNER MORSE TEC INC., ITHACA PLANT RETIREMENT SAVINGS PLAN

2012: BORGWARNER MORSE TEC INC., ITHACA PLANT RETIREMENT SAVINGS PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: BORGWARNER MORSE TEC INC., ITHACA PLANT RETIREMENT SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: BORGWARNER MORSE TEC INC., ITHACA PLANT RETIREMENT SAVINGS PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: BORGWARNER MORSE TEC INC., ITHACA PLANT RETIREMENT SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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