Defined Benefit (Pension) · DOL Form 5500 · 2023
Siemens Corporation Pension Plan
Data updated 2026-08-11
- $1.5B
- Total assets
- 4,505
- Participants
- 99th
- Percentile by assets
- $341,326
- Avg per participant
Official DOL plan name: Siemens Pension Plan · Sponsored by Siemens Corporation · New Jersey · Management of Enterprises
$1.5B in assets, 4,505 participants
Siemens Corporation's Siemens Pension Plan reported $1.5B in total assets and 4,505 participants in its 2023 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 99th percentile by assets (of 127,072 plans)
- #1,099 in Management of Enterprises (1,137 peers)
Coverage in New Jersey
Siemens Pension Plan covers 4,505 participants in New Jersey, 5.3x the typical New Jersey plan (state average ~844 per filing). Assets: $1.5B.
- $1.5B
- total plan assets (2023 EOY)
- 4,505
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $341,326
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Siemens Pension Plan reported net income rose from -$475M in the plan year 2022 filing to $34M in the plan year 2023 filing.
- Siemens Pension Plan reported participants fell from 5,058 in the plan year 2022 filing to 4,505 in the plan year 2023 filing.
- Siemens Pension Plan end-of-year assets rose from $1.5B in the plan year 2022 filing to $1.5B in the plan year 2023 filing.
Participants vs New Jersey filers
In New Jersey, the average filing covers about 844 participants across 4,145 plans. Siemens Pension Plan reports 4,505 participants - 5.3x that state average ($1.5B EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $1.5B |
|---|---|
| Net Assets (End of Year) | $1.5B |
| Net Income | $34M |
| Employer EIN | 132623356 |
| Plan Effective Date | 1965-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Siemens Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 31,106 | $9.1B |
| 2023 | 2 | 32,258 | $10.5B |
| 2024 | 2 | 33,914 | $11.2B |
Nearby Defined Benefit (Pension) Plans in New Jersey
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Siemens Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
- Retirement Plan of Johnson and Johnson $21.2B · 37,749
- JPMorgan Chase Retirement Plan $16.3B · 90,644
- Nokia Retirement Income Plan $13.9B · 7,492
- The Prudential Merged Retirement Plan $12.2B · 16,230
- Verizon Pension Plan for Associates $10.9B · 23,778
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Siemens Pension Plan by total assets, not by location.
- Graphic Communications Conference National Pension Fund (IL) $1.5B · 720
- Northwest Sheet Metal Workers Pension Plan (OR) $1.5B · 4,660
- Supervalu Inc. Retirement Plan (MN) $1.5B · 1,407
- Pipeline Industry Pension Fund (OK) $1.6B · 1,904
Frequently Asked Questions
How did Siemens Pension Plan assets move in 2023? ▼
How have Siemens Corporation plan assets changed over time? ▼
Where does Siemens Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Siemens Pension Plan? ▼
Next read for Siemens Pension Plan
Filing takeaways
Ways to act on Siemens Pension Plan's numbers.
- By total assets, Siemens Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New Jersey. Compare plans
- Siemens Corporation's sponsor-wide assets have grown 23.0% since 2022 across 3 plan years on file. More Management of Enterprises plans