Defined Benefit (Pension)
2024 plan-year Defined Benefit (Pension) DOL Form 5500

Siemens Medical Solutions USA, Inc. Pension Plan

ERISA Form 5500 plan record drawn from DOL EBSA β€” verify with linked source filings below.

Sponsored by Siemens Medical Solutions USA, Inc. Β· Pennsylvania Β· Management of Enterprises

What the 2023 filing shows

Siemens Medical Solutions USA, Inc. Pension Plan holds $770M for 2,929 participants - about $262,967 per participant, down 2.5% over the 2024 plan year.

$770M
total plan assets (2024 EOY)
2,929
covered participants
$262,967
avg assets per participant
-2.5%
assets change YoY

The plan reported a net loss of $18M for the year β€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$770M
Participants
2,929
State
Industry
Management of Enterprises

What the Filing Says About Siemens Medical Solutions USA, Inc. Pension Plan

Siemens Medical Solutions USA, Inc. Pension Plan is a Defined Benefit (Pension) retirement plan sponsored by Siemens Medical Solutions USA, Inc., headquartered in Pennsylvania. As of the 2024 Form 5500 filing, the plan reports $770M in total end-of-year assets and covers 2,929 participants across the Management of Enterprises industry. The sponsor's EIN on file with the U.S. Department of Labor is 222417778, and the plan has been effective since 2018-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $790M at the beginning of 2024 to $770M at year-end β€” a decline of 2.5%. Net assets (after liabilities) closed the year at $768M, with reported net income of $-18,457,056 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows β€” a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$790M
Total Assets (End of Year)$770M
Net Assets (End of Year)$768M
Net Income$-18,457,056
Plan TypeDefined Benefit (Pension)
Employer EIN222417778
Plan Effective Date2018-01-01
Filing StatusFILING 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 β€” same state, same plan type β€” ranked by total assets.

Frequently Asked Questions

How much money is in the Siemens Medical Solutions USA, Inc. Pension Plan?
As of the 2024 Form 5500 filing, Siemens Medical Solutions USA, Inc. Pension Plan holds $770M in total assets with 2,929 participants. It is sponsored by Siemens Medical Solutions USA, Inc..
What type of plan is Siemens Medical Solutions USA, Inc. Pension Plan?
Siemens Medical Solutions USA, Inc. Pension Plan is a Defined Benefit (Pension) plan. It has been effective since 2018-01-01. The plan is filed with the U.S. Department of Labor under EIN 222417778.
Who sponsors the Siemens Medical Solutions USA, Inc. Pension Plan?
Siemens Medical Solutions USA, Inc. Pension Plan is sponsored by Siemens Medical Solutions USA, Inc., located in Pennsylvania. The sponsor's EIN is 222417778 and the plan operates in the Management of Enterprises industry.
How did Siemens Medical Solutions USA, Inc. Pension Plan perform in 2024?
Siemens Medical Solutions USA, Inc. Pension Plan declined by 2.5% during 2024, moving from $790M to $770M in total assets. Net income was $-18,457,056.
Where can I find official filings for Siemens Medical Solutions USA, Inc. Pension Plan?
Official Form 5500 filings for Siemens Medical Solutions USA, Inc. Pension Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 222417778 or plan name at efast.dol.gov.
How does Siemens Medical Solutions USA, Inc. Pension Plan compare to other plans?
You can compare Siemens Medical Solutions USA, Inc. Pension Plan against other Defined Benefit (Pension) plans on the plan type page, or view plans in Pennsylvania on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) β€” original filing retrieval by EIN 222417778.

Reference: IRS Publication 560 β€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B β€” Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.