Retirement plan

SIEMENS ENERGY, INC. SAVINGS PLAN

Name: SIEMENS ENERGY, INC. - SIEMENS ENERGY, INC. SAVINGS PLAN (2024) Form 5500
Creator: SIEMENS ENERGY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIEMENS ENERGY, INC. SAVINGS PLAN, SIEMENS ENERGY, INC.

SIEMENS ENERGY, INC.EIN 13-3987280Plan #021PY 2024

4400 N. ALAFAYA TRAIL - ORLANDO, FL 32826407-736-2000sfsi.netLinkedIn201-500 employeesstaffing and recruiting

Other plans on this EIN

1 filing

#022Retirement-$531.7M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$3957.5M

-9.8% from 2021

Total participants

15,538

+1.7% from 2021

Average account balance

$257,283

-13.3% from 2021

Annual return

13.48%

-13.84 pp from 2021

Benchmarks

See 1,248 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,248 peers

Snapshot2024

Participant deferral / active EE

$12,985

median $4,430

Employer contribution / active EE

$8,564

median $2,074

Participation rate

98.6%

median 85.8%

Avg account balance

$257,283

median $73,381

Admin fee / account holder

$400

median $61

Annual return

13.48%

median 14.72%

Overall peer rank

64of 100

64th percentileavg across 6 metrics

Analytics

2020 - 2024

Total assets (EOY)

Plan-year ending balance

$3.96B

Average account balance

Total assets / participants with a balance (line 6g)

$257K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

15,382

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.6%

Contributions (total)

Employer and participant dollars contributed each year

$238.15M

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.48%

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$400

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 10 of 18 by compensation

Provider	Service type	Compensation
ARROWSTREET CAPITAL2 years Service code 28 · EIN 04-3472863	Investment Management	$1,731,973
ALIGHT SOLUTIONS LLC5+ years Service code 15 · EIN 82-1061233	Recordkeeping	$1,037,635
MFS INVESTMENT MANAGEMENT5+ years Filed as: MFS Service code 28 · EIN 04-3247425	Investment Management	$917,375
INDEPENDENT FINANCIAL PARTNERS5+ years Filed as: CHAMPLAIN INVESTMENT PARTNERS Service code 28 180 BATTERY STREET · BURLINGTON, VT 05401	Investment Management	$433,517
INVESCO5+ years Filed as: INVESCO TRUST COMPANY Service code 21 · EIN 46-3793325	Bank Trustee	$392,391
HOTCHKIS & WILEY CAPITAL MANAGEMENT5+ years Filed as: HOTCHKIS AND WILEY CAPITAL MGMT Service code 28 · EIN 95-4871957	Investment Management	$364,091
THE BANK OF NEW YORK MELLON1 year Service code 19 · EIN 13-5160382	Securities Custodian	$322,318
SCHRODER INVESTMENT MANAGEMENT5+ years Service code 28 · EIN 13-4064414	Investment Management	$241,662
NEPC, LLC4 years Filed as: NEPC Service code 16 · EIN 26-1429809	Consulting	$202,788
ARTISAN PARTNERS5+ years Service code 28 · EIN 30-0551775	Investment Management	$134,676

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

Category	Counterparty	Relationship / Terms	Address	Amount
Part 1 Loan in default	TIMES CHINA HOLDINGS	—	—	—

Plan features & details

Pension benefit codes2E2G2H2J2K2R2S3F3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$6.1M

$556 / participant

Recordkeeping$1M16.9%
Trustee / custodial$408K6.6%
Investment mgmt$5M75.4%
Contract admin$67K1.1%

% of EOY assets

0.155%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DOPKINS AND COMPANY LLP
Auditor EIN: 160929175
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$257,283

$106,553+141.5%

$103,065+149.6%

$106,553+141.5%

Participation rate

98.6%

69.8%+28.8pp

80.6%+18.0pp

69.8%+28.8pp

Annual return

13.48%

17.37%-3.9pp

23.95%-10.5pp

17.37%-3.9pp

Employer contribution / active EE

$8,564

$3,359+155.0%

$4,675+83.2%

$3,359+155.0%

Participant deferral / active EE

$12,985

$5,562+133.4%

$6,625+96.0%

$5,562+133.4%

Admin fee / account holder

$400

$80+401.8%

$9,349-95.7%

$80+401.8%

Provider

Service type

Compensation

ARROWSTREET CAPITAL2 years

Service code 28 · EIN 04-3472863

Investment Management

$1,731,973

ALIGHT SOLUTIONS LLC5+ years

Service code 15 · EIN 82-1061233

Recordkeeping

$1,037,635

MFS INVESTMENT MANAGEMENT5+ years

Filed as: MFS

Service code 28 · EIN 04-3247425

Investment Management

$917,375

INDEPENDENT FINANCIAL PARTNERS5+ years

Filed as: CHAMPLAIN INVESTMENT PARTNERS

Service code 28

180 BATTERY STREET · BURLINGTON, VT 05401

Investment Management

$433,517

INVESCO5+ years

Filed as: INVESCO TRUST COMPANY

Service code 21 · EIN 46-3793325

Bank Trustee

$392,391

HOTCHKIS & WILEY CAPITAL MANAGEMENT5+ years

Filed as: HOTCHKIS AND WILEY CAPITAL MGMT

Service code 28 · EIN 95-4871957

Investment Management

$364,091

THE BANK OF NEW YORK MELLON1 year

Service code 19 · EIN 13-5160382

Securities Custodian

$322,318

SCHRODER INVESTMENT MANAGEMENT5+ years

Service code 28 · EIN 13-4064414

Investment Management

$241,662

NEPC, LLC4 years

Filed as: NEPC

Service code 16 · EIN 26-1429809

Consulting

$202,788

ARTISAN PARTNERS5+ years

Service code 28 · EIN 30-0551775

Investment Management

$134,676

SIEMENS ENERGY, INC. SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIEMENS ENERGY, INC. SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion