401(k) · DOL Form 5500 · 2024
Siemens Corporation 401(k) Plan
Data updated 2026-08-11
- $9.8B
- Total assets
- 29,727
- Participants
- 100th
- Percentile by assets
- $329,763
- Avg per participant
Official DOL plan name: Siemens Savings Plan · Sponsored by Siemens Corporation · New Jersey · Management of Enterprises
$9.8B in assets, 29,727 participants
Siemens Corporation's Siemens Savings Plan reported $9.8B in total assets and 29,727 participants in its 2024 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 123,622 plans)
- #1,128 in Management of Enterprises (1,133 peers)
Coverage in New Jersey
Siemens Savings Plan covers 29,727 participants in New Jersey, 35x the typical New Jersey plan (state average ~844 per filing). Assets: $9.8B.
- $9.8B
- total plan assets (2024 EOY)
- 29,727
- covered participants
- 100th
- percentile by assets (of 123,622 plans)
- $329,763
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Siemens Savings Plan reported net income fell from $1.3B in the plan year 2023 filing to $1.0B in the plan year 2024 filing.
- Siemens Savings Plan end-of-year assets rose from $8.9B in the plan year 2023 filing to $9.8B in the plan year 2024 filing.
- Siemens Savings Plan reported participants rose from 27,753 in the plan year 2023 filing to 29,727 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 Savings Plan reports 29,727 participants - 35x that state average ($9.8B EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $8.9B |
|---|---|
| Net Assets (End of Year) | $9.8B |
| Net Income | $1.0B |
| Employer EIN | 132623356 |
| Plan Effective Date | 1980-01-01 |
| 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 401(k) Plans in New Jersey
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Siemens Savings Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants
- JPMorgan Chase 401(k) Savings Plan $52.9B · 185,532
- Verizon Savings Plan for Management Employees $29.4B · 69,218
- Johnson and Johnson Savings Plan $23.6B · 42,583
- Ernst & Young Retirement Savings Plan $18.3B · 56,714
- Merck US Savings Plan $15.0B · 27,956
Scale composition for Siemens Savings Plan
Siemens Savings Plan reports $9.8B in end-of-year assets across 29,727 participants (0.080% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.032% of 93,925,755 covered participants) - about $329,763 per participant (2.4x the national average assets-per-participant) . Net income for plan year 2024 was $1.0B.
This plan identity (EIN 132623356, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $7.6B to $9.8B (+28.3%) while covered participants moved from 26,048 to 29,727 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 26,048 | $7.6B | Open filing |
| 2023 | 27,753 | $8.9B | Open filing |
| 2024 · index core | 29,727 | $9.8B | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Siemens Pension Plan (Defined Benefit (Pension), $1.4B, 4,187 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Siemens Savings Plan by total assets, not by location.
- McKinsey & Company, Inc. (Psrp) Profit Sharing Retirement Plan (NY) $9.8B · 17,700
- The Permanente Medical Group, Inc. Salary Deferral Plan (CA) $9.9B · 21,688
- The Bank of New York Mellon Corporation 401(k) Savings Plan (PA) $9.9B · 24,183
- Qualcomm Incorporated Employee Savings and Retirement Plan (CA) $9.7B · 13,777
Frequently Asked Questions
How did Siemens Savings Plan assets move in 2024? ▼
How have Siemens Corporation plan assets changed over time? ▼
Where does Siemens Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Siemens Savings Plan? ▼
Next read for Siemens Savings Plan
Filing takeaways
Ways to act on Siemens Savings Plan's numbers.
- By total assets, Siemens 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 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