401(k) · DOL Form 5500 · 2023

Siemens Corporation 401(k) Plan

Data updated 2026-08-25

$8.9B
Total assets Very large vs avg
27,753
Participants Very large workforce
100th
Percentile by assets National rank
$321,954
Avg per participant High balance/head
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Official DOL plan name: Siemens Savings Plan · Sponsored by Siemens Corporation · New Jersey · Management of Enterprises

$8.9B in assets, 27,753 participants

Siemens Corporation's Siemens Savings Plan reported $8.9B in total assets and 27,753 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.

  • #1,133 in Management of Enterprises (1,137 peers)

Coverage in New Jersey

Siemens Savings Plan covers 27,753 participants in New Jersey, 33x the typical New Jersey plan (state average ~844 per filing). Assets: $8.9B.

#1,133
in Management of Enterprises (1,137 peers)
+16.9%
assets growth YoY
90×
vs typical plan assets (national mean)

Siemens Savings Plan's outsized position by total assets

Siemens Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$8,935,186,703 Highest reported value at or above every one of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Siemens Savings Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Siemens Savings Plan is a mega filing (27,753 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Siemens Savings Plan reported net income rose from -$1.3B in the plan year 2022 filing to $1.3B in the plan year 2023 filing.
  • Siemens Savings Plan end-of-year assets rose from $7.6B in the plan year 2022 filing to $8.9B in the plan year 2023 filing.
  • Siemens Savings Plan reported participants rose from 26,048 in the plan year 2022 filing to 27,753 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 132623356 · Siemens Corporation PY 2023 · 401(k)

Siemens Savings Plan · $8.9B · 27,753 · 100th

  • EBSA $8.9B
  • PART 27,753
  • TYPE 100th
  • NET 401(k)
  • BOOK near The Bank of New York Mellon Corporation 401(k) Savings Plan
  • VS-ST ind #1133

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Management of Enterprises retirement plans → · Plans in New Jersey →

Siemens Savings Plan in the asset neighbourhood

Advocate Aurora Health 401(k) PlanAdvocate Aurora Health 401(k…$9.1BMcKinsey & Company, Inc. (Psrp) Profit Sharing Retirement PlanMcKinsey & Company, Inc. (Ps…$9.1BThe Bank of New York Mellon Corporation 401(k) Savings PlanThe Bank of New York Mellon …$9.0BSiemens Savings Plan$8.9BUnited Airlines 401(k) Savings PlanUnited Airlines 401(k) Savin…$8.9B
End-of-year total assets ($B) among Siemens Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New Jersey filing particulars

Total Assets (Beginning of Year)$7.6B
Net Assets (End of Year)$8.9B
Net Income$1.3B
Employer EIN132623356
Plan Effective Date1980-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Siemens Corporation)

Sponsor-wide plan assets over time

All Siemens Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$11.2B 23.011894396987888% vs 2022
2024 filing year
$8B$9B$10B$11B$12B 202220232024 $9.13B $11.2B ▲ +23.1%
Year Plans Participants Total Assets
2022 2 31,106 $9.1B
2023 2 32,258 $10.5B
2024 2 33,914 $11.2B

Nearby 401(k) Plans in New Jersey

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Siemens Savings Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. 050000100000150000200000 01020304050 Total assets ($B) Participants Siemens Savings Plan, Total assets ($B): 8.935186703 · Participants: 27753Siemens Savings PlanJPMorgan Chase 401(k) Savings Plan, Total assets ($B): 44.552237022 · Participants: 176610JPMorgan Chase 401(k) Savings PlanVerizon Savings Plan for Management Employees, Total assets ($B): 27.825640157 · Participants: 78072Verizon Savings Plan for Management EmployeesJohnson and Johnson Savings Plan, Total assets ($B): 22.177853595 · Participants: 41291Johnson and Johnson Savings PlanErnst & Young Retirement Savings Plan, Total assets ($B): 15.543526764 · Participants: 59346Ernst & Young Retirement Savings PlanMerck US Savings Plan, Total assets ($B): 13.424416176 · Participants: 26850Merck US Savings Plan
Siemens Savings Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants
Compare Siemens Savings Plan side-by-side with 3 peers →

Scale composition for Siemens Savings Plan

Siemens Savings Plan reports $8.9B in end-of-year assets across 27,753 participants (0.073% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.030% of 93,925,755 covered participants) - about $321,954 per participant (2.3x the national average assets-per-participant) . Net income for plan year 2023 was $1.3B.

This plan identity (EIN 132623356, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $7.6B to $9.8B (+28.3%) while covered participants moved from 26,048 to 29,727 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 26,048 $7.6B Open filing
2023 27,753 $8.9B This page
2024 · index core 29,727 $9.8B Open filing

The same sponsor also keeps 2 other index-core plans on PlainRetire:

Siemens Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside New Jersey, the nearest 401(k) by assets is The Bank of New York Mellon Corporation 401(k) Savings Plan in PA ($9.0B); by covered participants it is Union Pacific Agreement Employee 401(k) Retirement Thrift Plan in NE (27,770 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (27,753 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Siemens Savings Plan assets move in 2023? ▼
Siemens Savings Plan grew sharply - up 16.9% during 2023, from $7.6B to $8.9B. Reported net income was $1.3B.
How have Siemens Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Siemens Corporation's sponsor-wide assets grew 23.0%, from $9.1B to $11.2B.
Where does Siemens Savings Plan rank by assets among Form 5500 filers? ▼
Siemens Savings Plan ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Siemens Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Bank of New York Mellon Corporation 401(k) Savings Plan in PA ($9.0B, 25,184 participants).
Which 401(k) plans cover a similar participant headcount to Siemens Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Union Pacific Agreement Employee 401(k) Retirement Thrift Plan in NE (27,770 participants, $2.3B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 132623356.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.