Plan Snapshot
- Plan Sponsor: Siemens Medical Solutions Usa, INC.
- Sponsor EIN: 824408790
- Sponsor Address: 40 LIBERTY BOULEVARD, MALVERN, PA, 19355
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 0
- Total Assets: $753.7M
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 | 0 | $753.7M | $0 | $0 |
| 2023 | 0 | $801.4M | $0 | $0 |
| 2022 | 0 | $819.6M | $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 | $566,922 | — | $566,922 |
| INCOME RESEARCH MANAGEMENT | Other Service Provider | $491,214 | — | $491,214 |
| WILLIS TOWER WATSON | Other Service Provider | $280,475 | — | $280,475 |
| JPMORGAN CHASE BANK, N.A. | Custodian / Trustee | $218,590 | $21,535 | $240,125 |
| WELLINGTON MANAGEMENT COMPANY | Other Service Provider | $216,076 | — | $216,076 |
| SIEMENS MEDICAL SOLUTIONS | Recordkeeper | $97,166 | — | $97,166 |
| NISA | Other Service Provider | $89,547 | — | $89,547 |
| STATE STREET GLOBAL ADVISORS | Other Service Provider | $37,666 | — | $37,666 |
| ERNST AND YOUNG LLP | Auditor | $35,230 | — | $35,230 |
| DOPKINS AND COMPANY, LLP | Auditor | $22,800 | — | $22,800 |
| BANCO POPULAR | Other Service Provider | $17,591 | — | $17,591 |
| BLACKROCK INSTITUTIONAL TRUST CO | Other Service Provider | $5,860 | — | $5,860 |
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
- 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: $2,100,672
- Estimated Expense Ratio: 0.279% 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 | $2,067,679 | $840,363 | $933,105 | $58,030 | — |
| 2023 | $2,163,700 | $960,852 | $789,191 | $101,000 | — |
| 2022 | $2,721,371 | $1,689,554 | — | — | $1,031,817 |