Plan Snapshot
- Plan Sponsor: Siemens Medical Solutions Usa, INC.
- Sponsor EIN: 824408126
- Sponsor Address: 40 LIBERTY BOULEVARD, MALVERN, PA, 19355
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 0
- Total Assets: $7.8B
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 | 0 | $7.8B | $0 | $0 |
| 2023 | 0 | $5.7B | $0 | $0 |
| 2022 | 0 | $5.1B | $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, LLC | Recordkeeper | $4,210,240 | — | $4,210,240 |
| INVESCO TRUST COMPANY | Other Service Provider | $554,876 | — | $554,876 |
| JPMORGAN CHASE BANK, N.A. | Recordkeeper | $525,690 | $24,990 | $550,680 |
| MERCER | Other Service Provider | $173,977 | — | $173,977 |
| PERSHING LLC | Investment Advisor | — | $154,742 | $154,742 |
| STATE STREET GLOBAL ADVISORS | Other Service Provider | $88,263 | — | $88,263 |
| SIEMENS MEDICAL | Other Service Provider | $81,034 | — | $81,034 |
| ALIGHT FINANCIAL SOLUTIONS, LLC | Recordkeeper | — | $45,097 | $45,097 |
| DOPKINS AND COMPANY, LLP | Auditor | $35,000 | — | $35,000 |
| ERNST AND YOUNG LLP | Auditor | $34,090 | — | $34,090 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS, LLC — Recordkeeper
- JPMORGAN CHASE BANK, N.A. — Recordkeeper
- PERSHING LLC — Investment Advisor
- ALIGHT FINANCIAL SOLUTIONS, LLC — Recordkeeper
- DOPKINS AND COMPANY, LLP — Auditor
- ERNST AND YOUNG LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,927,999
- Estimated Expense Ratio: 0.076% 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 | $5,606,205 | $894,339 | $15,234 | $69,090 | — |
| 2023 | $11,070,283 | $6,220,582 | $4,521,534 | $98,375 | — |
| 2022 | $12,517,049 | $6,681,061 | — | — | $5,792,781 |