Assets by plan
Share of aggregate retirement assets
Sponsor portfolioTH
SIEMENS CORPORATION
EIN 13-2623356Management of Companies and EnterprisesLatest filing 2024
Plans
7
Retirement
3
$11.24B assets
Welfare
4
$59.3M premiums
Participants
116,826
200 WOOD AVENUE SOUTH, SUITE 200 - ISELIN, NJ 08830732-590-5366
Retirement portfolio analytics
3 plans aggregated / $11.24B assets / 61,177 participantsParticipants by plan
Active + retired + deferred vested
- SIEMENS Savings (#002)43,376
- SIEMENS PENSION (#001)17,771
Benefits portfolio analytics
4 plans / $59.3M premiums / 46,374 covered livesCoverage by line
Premium dollars by benefit type (bundled lines overlap)
- Health$24.5M
- Life$19.7M
- Long-term disability$9.8M
- Vision$2.7M
- Other$2.5M
- Dental$441K
Carrier market share
Premium dollars by Schedule A carrier
39%top
- KAISER FOUNDATION HEALTH PLAN INC39%
- HARTFORD LIFE AND ACCIDENT37%
- THE LINCOLN NATIONAL LIFE INSURANCE COMPANY17%
- VISION SERVICE PLAN5%
- BLUE CROSS OF CALIFORNIA1%
- +3 more
Broker market share
Schedule A broker compensation
66%top
- STRATEGIC EMPLOYEE BENEFIT SERVICES66%
- PACIFIC RESRC BNFT ADVSRS LLC28%
- WILLIS TOWERS WATSON US LLC6%
- AON CONSULTING INC0%
Plan deep-dives
Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.Retirement#002
SIEMENS SAVINGS PLAN
401k
Assets$9.80B
Participants43,376
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#001
SIEMENS PENSION PLAN
CashBalance
Assets$1.43B
Participants17,771
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#024
SIEMENS CORPORATION SAVINGS PLAN FOR PUERTO RICO EMPLOYEES
OtherDC
Assets$3.2M
Participants30
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#502
SIEMENS CORPORATION GROUP INSURANCE AND FLEXIBLE BENEFITS PROGRAM
Mixed - HARTFORD LIFE AND ACCIDENT
Premiums$59.3M
Covered lives46,374
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#508
SIEMENS FLEXIBLE SPENDING ACCOUNTS PROGRAM
Unknown
Premiums$0
Covered lives0
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#523
SIEMENS CORPORATION RETIREE HEALTH REIMBURSEMENT ACCOUNT PLAN (RHRA)
Self Funded
Premiums$0
Covered lives0
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#539
SIEMENS USA SEVERANCE PLAN
Self Funded
Premiums$0
Covered lives0
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Retirement plans3
| Plan # | Name | Type | Assets | Participants | Latest year | |
|---|---|---|---|---|---|---|
| 002 | SIEMENS SAVINGS PLAN | 401k | $9.80B | 43,376 | 2024 | |
| 001 | SIEMENS PENSION PLAN | CashBalance | $1.43B | 17,771 | 2024 | |
| 024 | SIEMENS CORPORATION SAVINGS PLAN FOR PUERTO RICO EMPLOYEES | OtherDC | $3.2M | 30 | 2024 |
Welfare plans4
| Plan # | Name | Funding | Carrier | Premiums | Covered | Latest year | |
|---|---|---|---|---|---|---|---|
| 502 | SIEMENS CORPORATION GROUP INSURANCE AND FLEXIBLE BENEFITS PROGRAM | Mixed | HARTFORD LIFE AND ACCIDENT | $59.3M | 46,374 | 2024 | |
| 508 | SIEMENS FLEXIBLE SPENDING ACCOUNTS PROGRAM | Unknown | - | $0 | 0 | 2024 | |
| 523 | SIEMENS CORPORATION RETIREE HEALTH REIMBURSEMENT ACCOUNT PLAN (RHRA) | Self Funded | - | $0 | 0 | 2024 | |
| 539 | SIEMENS USA SEVERANCE PLAN | Self Funded | - | $0 | 0 | 2024 |
Retirement plans
Welfare plans