Defined Benefit (Pension) · DOL Form 5500 · 2024
Siemens Corporation Pension Plan
Data updated 2026-08-11
- $1.4B
- Total assets
- 4,187
- Participants
- 99th
- Percentile by assets
- $342,416
- Avg per participant
Official DOL plan name: Siemens Pension Plan · Sponsored by Siemens Corporation · New Jersey · Management of Enterprises
$1.4B in assets, 4,187 participants
Siemens Corporation's Siemens Pension Plan reported $1.4B in total assets and 4,187 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 123,622 plans)
- #1,091 in Management of Enterprises (1,133 peers)
Coverage in New Jersey
Siemens Pension Plan covers 4,187 participants in New Jersey, 5.0x the typical New Jersey plan (state average ~844 per filing). Assets: $1.4B.
- $1.4B
- total plan assets (2024 EOY)
- 4,187
- covered participants
- 99th
- percentile by assets (of 123,622 plans)
- $342,416
- avg assets per participant
The plan reported a net loss of $85M 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 Pension Plan reported net income fell from $34M in the plan year 2023 filing to -$85M in the plan year 2024 filing.
- Siemens Pension Plan reported participants fell from 4,505 in the plan year 2023 filing to 4,187 in the plan year 2024 filing.
- Siemens Pension Plan end-of-year assets fell from $1.5B in the plan year 2023 filing to $1.4B in the plan year 2024 filing.
Participants vs New Jersey filers
In New Jersey, the average filing covers about 844 participants across 4,145 plans. Siemens Pension Plan reports 4,187 participants - 5.0x that state average ($1.4B EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $1.5B |
|---|---|
| Net Assets (End of Year) | $1.4B |
| Net Income | -$85M |
| Employer EIN | 132623356 |
| Plan Effective Date | 1965-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Siemens Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 31,106 | $9.1B |
| 2023 | 2 | 32,258 | $10.5B |
| 2024 | 2 | 33,914 | $11.2B |
Nearby Defined Benefit (Pension) Plans in New Jersey
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Siemens Pension Plan vs. nearby Defined Benefit (Pension) plans in New Jersey, assets vs. participants
- Retirement Plan of Johnson and Johnson $21.1B · 37,882
- JPMorgan Chase Retirement Plan $16.1B · 83,812
- Nokia Retirement Income Plan $12.9B · 7,280
- The Prudential Merged Retirement Plan $12.0B · 16,233
- Merck US Pension Plan $10.1B · 26,843
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Siemens Pension Plan by total assets, not by location.
- Huntington Ingalls Industries Retirement Plan B (VA) $1.4B · 2,051
- Johnson Controls Pension Plan (WI) $1.4B · 3,318
- Retirement Plan of Carilion Clinic (VA) $1.4B · 10,559
- Felra & Ufcw Pension Plan (MD) $1.4B · N/A
Frequently Asked Questions
How did Siemens Pension Plan assets move in 2024? ▼
How have Siemens Corporation plan assets changed over time? ▼
Where does Siemens Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Siemens Pension Plan? ▼
Next read for Siemens Pension Plan
Filing takeaways
Ways to act on Siemens Pension Plan's numbers.
- By total assets, Siemens Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New Jersey. Compare plans
- Siemens Corporation's sponsor-wide assets have grown 23.0% since 2022 across 3 plan years on file. More Management of Enterprises plans