Plan Snapshot
- Plan Sponsor: Siemens Corporation
- Sponsor EIN: 132623356
- Sponsor Address: 200 WOOD AVENUE SOUTH, ISELIN, NJ, 08830
- Plan Type: DB
- Total Participants: 3,620
- Total Assets: $1.4B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,620 | $1.4B | $0 | $0 |
| 2023 | 4,187 | $1.5B | $0 | $0 |
| 2022 | 4,505 | $1.5B | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ALIGHT SOLUTIONS | Recordkeeper | $952,455 | — | $952,455 |
| JPMORGAN CHASE BANK, N.A. | Custodian / Trustee | $565,402 | $31,952 | $597,354 |
| INCOME RESEARCH & MANAGMENT | Other Service Provider | $577,324 | — | $577,324 |
| WELLINGTON MANAGEMENT COMPANY | Other Service Provider | $523,863 | — | $523,863 |
| NEPC | Recordkeeper | $251,854 | — | $251,854 |
| NISA | Other Service Provider | $185,963 | — | $185,963 |
| BLACKROCK INSTITUTIONAL TRUST CO | Other Service Provider | $138,457 | — | $138,457 |
| WILLIS TOWER WATSON | Other Service Provider | $133,138 | — | $133,138 |
| STATE STREET GLOBAL ADVISORS | Other Service Provider | $99,293 | — | $99,293 |
| ERNST AND YOUNG LLP | Auditor | $55,079 | — | $55,079 |
| DOPKINS AND COMPANY, LLP | Auditor | $22,800 | — | $22,800 |
| BLOOMBERG LP | Other Service Provider | $15,685 | — | $15,685 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS — Recordkeeper
- JPMORGAN CHASE BANK, N.A. — Custodian / Trustee
- NEPC — Recordkeeper
- ERNST AND YOUNG LLP — Auditor
- DOPKINS AND COMPANY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,553,265
- Estimated Expense Ratio: 0.248% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $5,445,161 | — | $3,304,025 | — | — |
| 2023 | $9,004,728 | $2,141,618 | $1,556,899 | $52,463 | — |
| 2022 | $7,558,728 | $3,654,132 | — | — | $2,001,428 |