401(k) · DOL Form 5500 · 2023
Siemens Energy, Inc. 401(k) Plan
Data updated 2026-08-11
- $3.5B
- Total assets
- 9,777
- Participants
- 100th
- Percentile by assets
- $361,752
- Avg per participant
Official DOL plan name: Siemens Energy, Inc. Savings Plan · Sponsored by Siemens Energy, Inc. · Florida · Utilities
$3.5B in assets, 9,777 participants
Siemens Energy, Inc.'s Siemens Energy, Inc. Savings Plan reported $3.5B in total assets and 9,777 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.
- 100th percentile by assets (of 127,072 plans)
- #689 in Utilities (721 peers)
Coverage in Florida
Siemens Energy, Inc. Savings Plan covers 9,777 participants in Florida, 16x the typical Florida plan (state average ~628 per filing). Assets: $3.5B.
- $3.5B
- total plan assets (2023 EOY)
- 9,777
- covered participants
- 100th
- percentile by assets (of 127,072 plans)
- $361,752
- avg assets per participant
Where Siemens Energy, Inc. Savings Plan sits by total assets
Siemens Energy, Inc. Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$3,536,850,533 Top 1% higher than 100% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Siemens Energy, Inc. Savings Plan reported net income rose from -$606M in the plan year 2022 filing to $422M in the plan year 2023 filing.
- Siemens Energy, Inc. Savings Plan end-of-year assets rose from $3.1B in the plan year 2022 filing to $3.5B in the plan year 2023 filing.
- Siemens Energy, Inc. Savings Plan reported participants rose from 9,556 in the plan year 2022 filing to 9,777 in the plan year 2023 filing.
Participants vs Florida filers
In Florida, the average filing covers about 628 participants across 6,617 plans. Siemens Energy, Inc. Savings Plan reports 9,777 participants - 16x that state average ($3.5B EOY assets).
Florida filing particulars
| Total Assets (Beginning of Year) | $3.1B |
|---|---|
| Net Assets (End of Year) | $3.5B |
| Net Income | $422M |
| Employer EIN | 133987280 |
| Plan Effective Date | 2020-09-28 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Siemens Energy, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 12,512 | $3.7B |
| 2023 | 2 | 12,398 | $4.1B |
| 2024 | 2 | 13,029 | $4.5B |
Nearby 401(k) Plans in Florida
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Siemens Energy, Inc. Savings Plan vs. nearby 401(k) plans in Florida, assets vs. participants
- L3harris Retirement Savings Plan $15.4B · 40,665
- Savings Plan for Employees and Partners of Pwc $11.3B · 50,817
- Adp Totalsource Retirement Savings Plan $8.0B · 308,867
- Trinet 401(k) Plan $7.0B · 157,945
- Publix Super Markets, Inc. 401(k) Smart Plan $6.6B · 184,674
Scale composition for Siemens Energy, Inc. Savings Plan
Siemens Energy, Inc. Savings Plan reports $3.5B in end-of-year assets across 9,777 participants (0.029% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.010% of 93,925,755 covered participants) - about $361,752 per participant (2.6x the national average assets-per-participant) . Net income for plan year 2023 was $422M.
This plan identity (EIN 133987280, plan #021) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $3.1B to $4.0B (+27.3%) while covered participants moved from 9,556 to 10,564 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 9,556 | $3.1B | Open filing |
| 2023 | 9,777 | $3.5B | This page |
| 2024 · index core | 10,564 | $4.0B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Siemens Energy, Inc. Savings Plan (401(k), $4.0B, 10,564 participants)
- Siemens Energy, Inc. Pension Plan (Defined Benefit (Pension), $532M, 2,465 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Siemens Energy, Inc. Savings Plan by total assets, not by location.
- Tyson Foods, Inc. Retirement Savings Plan (AR) $3.5B · 113,806
- Ericsson US 401(k) Plan (TX) $3.5B · 6,451
- Cintas Partners' Plan (OH) $3.5B · 47,138
- Emerson Electric Company Employee Savings Investment Plan (MO) $3.6B · 10,316
Frequently Asked Questions
How did Siemens Energy, Inc. Savings Plan assets move in 2023? ▼
How have Siemens Energy, Inc. plan assets changed over time? ▼
Where does Siemens Energy, Inc. Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Siemens Energy, Inc. Savings Plan? ▼
Next read for Siemens Energy, Inc. Savings Plan
Filing takeaways
Ways to act on Siemens Energy, Inc. Savings Plan's numbers.
- By total assets, Siemens Energy, Inc. Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Florida. Compare plans
- Siemens Energy, Inc.'s sponsor-wide assets have grown 22.4% since 2022 across 3 plan years on file. More Utilities plans