401(k) · DOL Form 5500 · 2023

Siemens Energy, Inc. 401(k) Plan

Data updated 2026-08-25

$3.5B
Total assets Very large vs avg
9,777
Participants Very large workforce
100th
Percentile by assets National rank
$361,752
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#689
in Utilities (721 peers)
+13.7%
assets growth YoY
35×
vs typical plan assets (national mean)

Siemens Energy, Inc. Savings Plan's outsized position 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 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 Energy, Inc. Savings Plan's large-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 Energy, Inc. Savings Plan lands in the large band (9,777 participants).

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.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 133987280 · Siemens Energy, Inc. PY 2023 · 401(k)

Siemens Energy, Inc. Savings Plan · $3.5B · 9,777 · 100th

  • PHOTO $3.5B
  • IND 9,777
  • EOY 100th
  • 5500 401(k)
  • ASSETS near Tyson Foods, Inc. Retirement Savings Plan
  • PCT ind #689

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 Utilities retirement plans → · Plans in Florida →

Siemens Energy, Inc. Savings Plan in the asset neighbourhood

Emerson Electric Company Employee Savings Investment PlanEmerson Electric Company Emp…$3.6BSiemens Energy, Inc. Savings PlanSiemens Energy, Inc. Savings…$3.5BTyson Foods, Inc. Retirement Savings PlanTyson Foods, Inc. Retirement…$3.5BEricsson US 401(k) Plan$3.5BCintas Partners' Plan$3.5B
End-of-year total assets ($B) among Siemens Energy, Inc. Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Florida filing particulars

Total Assets (Beginning of Year)$3.1B
Net Assets (End of Year)$3.5B
Net Income$422M
Employer EIN133987280
Plan Effective Date2020-09-28
Filing StatusFILING RECEIVED

Sponsor Plan History (Siemens Energy, Inc.)

Sponsor-wide plan assets over time

All Siemens Energy, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$4.5B 22.377438142076862% vs 2022
2024 filing year
$3.5B$4B$4.5B$5B 202220232024 $3.67B $4.49B ▲ +22.3%
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 Scatter plot of 6 data points. -1000000100000200000300000400000 05101520 Total assets ($B) Participants Siemens Energy, Inc. Savings Plan, Total assets ($B): 3.536850533 · Participants: 9777Siemens Energy, Inc. Savings PlanL3harris Retirement Savings Plan, Total assets ($B): 15.384363901 · Participants: 40665L3harris Retirement Savings PlanSavings Plan for Employees and Partners of Pwc, Total assets ($B): 11.333196569 · Participants: 50817Savings Plan for Employees and Partners of PwcAdp Totalsource Retirement Savings Plan, Total assets ($B): 8.025816173 · Participants: 308867Adp Totalsource Retirement Savings PlanTrinet 401(k) Plan, Total assets ($B): 7.029692551 · Participants: 157945Trinet 401(k) PlanPublix Super Markets, Inc. 401(k) Smart Plan, Total assets ($B): 6.572590596 · Participants: 184674Publix Super Markets, Inc. 401(k) Smart Plan
Siemens Energy, Inc. Savings Plan vs. nearby 401(k) plans in Florida, assets vs. participants
Compare Siemens Energy, Inc. Savings Plan side-by-side with 3 peers →

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

Outside Florida, the nearest 401(k) by assets is Tyson Foods, Inc. Retirement Savings Plan in AR ($3.5B); by covered participants it is East Penn Manufacturing Co. 401(k) Savings Plan in PA (9,778 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($3.5B here).

Similar participant headcount

Nearest other-state filings by covered participants (9,777 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 Energy, Inc. Savings Plan assets move in 2023? ▼
Siemens Energy, Inc. Savings Plan grew at a solid clip - up 13.7% during 2023, from $3.1B to $3.5B. Reported net income was $422M.
How have Siemens Energy, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Siemens Energy, Inc.'s sponsor-wide assets grew 22.4%, from $3.7B to $4.5B.
Where does Siemens Energy, Inc. Savings Plan rank by assets among Form 5500 filers? ▼
Siemens Energy, Inc. 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 Energy, Inc. Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Tyson Foods, Inc. Retirement Savings Plan in AR ($3.5B, 113,806 participants).
Which 401(k) plans cover a similar participant headcount to Siemens Energy, Inc. Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is East Penn Manufacturing Co. 401(k) Savings Plan in PA (9,778 participants, $694M 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 133987280.

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.