Defined Benefit (Pension) · DOL Form 5500 · 2023
Siemens Medical Solutions USA, Inc. Pension Plan
Data updated 2026-08-11
- $790M
- Total assets
- 3,181
- Participants
- 98th
- Percentile by assets
- $248,216
- Avg per participant
Official DOL plan name: Siemens Medical Solutions USA, Inc. Pension Plan · Sponsored by Siemens Medical Solutions USA, Inc. · Pennsylvania · Management of Enterprises
$790M in assets, 3,181 participants
Siemens Medical Solutions USA, Inc.'s Siemens Medical Solutions USA, Inc. Pension Plan reported $790M in total assets and 3,181 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.
- 98th percentile by assets (of 127,072 plans)
- #1,060 in Management of Enterprises (1,137 peers)
Coverage in Pennsylvania
Siemens Medical Solutions USA, Inc. Pension Plan covers 3,181 participants in Pennsylvania, 3.9x the typical Pennsylvania plan (state average ~822 per filing). Assets: $790M.
- $790M
- total plan assets (2023 EOY)
- 3,181
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $248,216
- avg assets per participant
The plan reported a net loss of $25M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Siemens Medical Solutions USA, Inc. Pension Plan reported net income rose from -$263M in the plan year 2022 filing to -$25M in the plan year 2023 filing.
- Siemens Medical Solutions USA, Inc. Pension Plan reported participants fell from 3,435 in the plan year 2022 filing to 3,181 in the plan year 2023 filing.
- Siemens Medical Solutions USA, Inc. Pension Plan end-of-year assets fell from $813M in the plan year 2022 filing to $790M in the plan year 2023 filing.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 822 participants across 5,751 plans. Siemens Medical Solutions USA, Inc. Pension Plan reports 3,181 participants - 3.9x that state average ($790M EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $813M |
|---|---|
| Net Assets (End of Year) | $786M |
| Net Income | -$25M |
| Employer EIN | 222417778 |
| Plan Effective Date | 2018-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Siemens Medical Solutions USA, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 16,248 | $5.9B |
| 2023 | 3 | 16,521 | $6.6B |
| 2024 | 3 | 15,813 | $8.7B |
Nearby Defined Benefit (Pension) Plans in Pennsylvania
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Siemens Medical Solutions USA, Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in Pennsylvania, assets vs. participants
- National Elevator Industry Pension Plan $11.2B · 27,434
- Steelworkers Pension Trust $6.6B · 47,052
- The PNC Financial Services Group, Inc. Pension Plan $5.6B · 63,680
- Constellation Retirement Program $5.3B · 5,080
- The Bank of New York Mellon Corporation Pension Plan $5.3B · 7,374
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Siemens Medical Solutions USA, Inc. Pension Plan by total assets, not by location.
- Pacificorp Retirement Plan (OR) $789M · 1,136
- Baystate Health, Inc. Retirement Program (MA) $791M · 2,242
- Excellus Retirement Plan (NY) $787M · 2,138
- Schneider Electric Pension Plan (IL) $786M · 1,688
Frequently Asked Questions
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Filing takeaways
Ways to act on Siemens Medical Solutions USA, Inc. Pension Plan's numbers.
- By total assets, Siemens Medical Solutions USA, Inc. Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Pennsylvania. Compare plans
- Siemens Medical Solutions USA, Inc.'s sponsor-wide assets have grown 46.1% since 2022 across 3 plan years on file. More Management of Enterprises plans