Defined Benefit (Pension) · DOL Form 5500 · 2024
Siemens Medical Solutions USA, Inc. Pension Plan
Data updated 2026-08-06
- $770M
- Total assets
- 2,929
- Participants
- 98th
- Percentile by assets
- $262,967
- 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
$770M in assets, 2,929 participants
Siemens Medical Solutions USA, Inc.'s Siemens Medical Solutions USA, Inc. Pension Plan reported $770M in total assets and 2,929 participants in its 2024 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 116,472 plans)
- #1,022 in Management of Enterprises (1,094 peers)
Coverage in Pennsylvania
Siemens Medical Solutions USA, Inc. Pension Plan covers 2,929 participants in Pennsylvania, 3.6x the typical Pennsylvania plan (state average ~824 per filing). Assets: $770M.
- $770M
- total plan assets (2024 EOY)
- 2,929
- covered participants
- 98th
- percentile by assets (of 116,472 plans)
- $262,967
- avg assets per participant
The plan reported a net loss of $18M 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 Medical Solutions USA, Inc. Pension Plan reported net income rose from -$25M in the plan year 2023 filing to -$18M in the plan year 2024 filing.
- Siemens Medical Solutions USA, Inc. Pension Plan reported participants fell from 3,181 in the plan year 2023 filing to 2,929 in the plan year 2024 filing.
- Siemens Medical Solutions USA, Inc. Pension Plan end-of-year assets fell from $790M in the plan year 2023 filing to $770M in the plan year 2024 filing.
Participants vs Pennsylvania filers
In Pennsylvania, the average filing covers about 824 participants across 5,360 plans. Siemens Medical Solutions USA, Inc. Pension Plan reports 2,929 participants - 3.6x that state average ($770M EOY assets).
Pennsylvania filing particulars
| Total Assets (Beginning of Year) | $790M |
|---|---|
| Net Assets (End of Year) | $768M |
| Net Income | -$18M |
| 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
- Steelworkers Pension Trust $7.2B · 46,110
- The PNC Financial Services Group, Inc. Pension Plan $5.5B · 58,779
- The Bank of New York Mellon Corporation Pension Plan $5.2B · 6,387
- Constellation Retirement Program $5.0B · 4,809
- Eastern Atlantic States Carpenters Pension Fund $5.0B · 12,421
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.
- Fox Pension Plan (NY) $771M · 1,260
- Andersen Corporation Employees' Pension and Retirement Plan (MN) $773M · 1,594
- Community Hospital of the Monterey Peninsula Retirement Plan (CA) $764M · 832
- Pavers & Road Builders DC Pension Fund (NY) $776M · 1,998
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