Plan Snapshot
- Plan Sponsor: Siemens Energy, INC.
- Sponsor EIN: 133987280
- Sponsor Address: 4400 N. ALAFAYA TRAIL, ORLANDO, FL, 32826
- Plan Type: DB
- Total Participants: 2,326
- Total Assets: $531.7M
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 | 2,326 | $531.7M | $770,483 | $88,147 |
| 2023 | 2,465 | $563.5M | $1.6M | $69,524 |
| 2022 | 2,621 | $559.0M | $1.7M | $77,510 |
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 LLC | Recordkeeper | $512,328 | $804 | $513,132 |
| NEPC | Recordkeeper | $223,766 | — | $223,766 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $212,039 | — | $212,039 |
| INCOME RESEARCH & MANAGEMENT | Other Service Provider | $196,806 | — | $196,806 |
| WELLINGTON MANAGEMENT | Other Service Provider | $172,576 | — | $172,576 |
| NISA INVESTMENT ADVISORS, LLC | Other Service Provider | $160,000 | — | $160,000 |
| BLACKROCK INSTITUTIONAL TRUST CO | Other Service Provider | $125,217 | — | $125,217 |
| WILLIS TOWERS WATSON | Other Service Provider | $99,800 | — | $99,800 |
| CHAMPLAIN INVESTMENT PARTNERS | Other Service Provider | $93,302 | — | $93,302 |
| JPMORGAN CHASE BANK, N.A. | Recordkeeper | $87,046 | $413 | $87,459 |
| SCHRODER INVESTMENT MANAGEMENT | Other Service Provider | $78,490 | — | $78,490 |
| DOPKINS AND COMPANY, LLP | Auditor | $54,000 | — | $54,000 |
| STATE STREET GLOBAL ADVISORS | Other Service Provider | $24,250 | — | $24,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS LLC — Recordkeeper
- NEPC — Recordkeeper
- JPMORGAN CHASE BANK, N.A. — Recordkeeper
- 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: $2,040,837
- Estimated Expense Ratio: 0.384% 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 | $2,951,000 | $1,076,102 | $155,765 | — | — |
| 2023 | $4,697,028 | $1,375,826 | $1,102,730 | — | — |
| 2022 | $2,957,050 | $1,362,689 | — | — | $829,993 |