Defined Benefit (Pension) · DOL Form 5500 · 2024
Siemens Energy, Inc. Pension Plan
Data updated 2026-08-06
- $532M
- Total assets
- 2,465
- Participants
- 97th
- Percentile by assets
- $215,699
- Avg per participant
Official DOL plan name: Siemens Energy, Inc. Pension Plan · Sponsored by Siemens Energy, Inc. · Florida · Utilities
$532M in assets, 2,465 participants
Siemens Energy, Inc.'s Siemens Energy, Inc. Pension Plan reported $532M in total assets and 2,465 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 116,472 plans)
- #576 in Utilities (707 peers)
Coverage in Florida
Siemens Energy, Inc. Pension Plan covers 2,465 participants in Florida, 3.9x the typical Florida plan (state average ~631 per filing). Assets: $532M.
- $532M
- total plan assets (2024 EOY)
- 2,465
- covered participants
- 97th
- percentile by assets (of 116,472 plans)
- $215,699
- avg assets per participant
The plan reported a net loss of $31M 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 2023 → plan year 2024
- Siemens Energy, Inc. Pension Plan reported net income fell from $4M in the plan year 2023 filing to -$31M in the plan year 2024 filing.
- Siemens Energy, Inc. Pension Plan reported participants fell from 2,621 in the plan year 2023 filing to 2,465 in the plan year 2024 filing.
- Siemens Energy, Inc. Pension Plan end-of-year assets fell from $564M in the plan year 2023 filing to $532M in the plan year 2024 filing.
Participants vs Florida filers
In Florida, the average filing covers about 631 participants across 6,304 plans. Siemens Energy, Inc. Pension Plan reports 2,465 participants - 3.9x that state average ($532M EOY assets).
Florida filing particulars
| Total Assets (Beginning of Year) | $564M |
|---|---|
| Net Assets (End of Year) | $527M |
| Net Income | -$31M |
| 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 Defined Benefit (Pension) Plans in Florida
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Siemens Energy, Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in Florida, assets vs. participants
- L3harris Technologies Consolidated Pension Plan $7.6B · 4,996
- Nextera Energy, Inc. Employee Pension Plan $5.3B · 14,419
- Csx Pension Plan $2.3B · 2,293
- The Dun & Bradstreet Corporation Retirement Account $1.0B · 578
- Jm Family Associates' Retirement Plan $828M · 3,992
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Siemens Energy, Inc. Pension Plan by total assets, not by location.
- Viacom Pension Plan (NY) $531M · 1,395
- Ims Health Incorporated Retirement Plan (CT) $531M · 1,213
- Diageo North America, Inc. Cash Balance Pension Plan (NY) $530M · 1,700
- Pension Fund United Scenic Artists Local 829 (NJ) $534M · 2,441
Frequently Asked Questions
How did Siemens Energy, Inc. Pension Plan assets move in 2024? ▼
How have Siemens Energy, Inc. plan assets changed over time? ▼
Where does Siemens Energy, Inc. Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Siemens Energy, Inc. Pension Plan? ▼
Next read for Siemens Energy, Inc. Pension Plan
Filing takeaways
Ways to act on Siemens Energy, Inc. Pension Plan's numbers.
- By total assets, Siemens Energy, 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 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