Retirement plan

SIEMENS WIND POWER, INC. SAVINGS PLAN

Name: SIEMENS GAMESA RENEWABLE ENERGY, INC. - SIEMENS WIND POWER, INC. SAVINGS PLAN (2017) Form 5500
Creator: SIEMENS GAMESA RENEWABLE ENERGY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIEMENS WIND POWER, INC. SAVINGS PLAN, SIEMENS GAMESA RENEWABLE ENERGY, INC.

SIEMENS GAMESA RENEWABLE ENERGY, INC.EIN 81-3283763Plan #001PY 2017

3500 QUADRANGLE BOULEVARD - ORLANDO, FL 32817407-736-2000

Other plans on this EIN

1 filing

#024Retirement-$25K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$146.2M

+7.1% from 2018

Total participants

1,913

-4.3% from 2018

Average account balance

$77,929

+8.5% from 2018

Annual return

0.00%

+6.33 pp from 2018

Benchmarks

See 786 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort786 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$296.42M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

Not enough data

1 years with per-participant data

Participants with account balance

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

2,634

Not enough data

1 years with headcount on file

Eligible Participants and Participation

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

98.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$28.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$233

Not enough data

1 years with admin cost on file

Asset composition

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

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
AON CONSULTING1+ years Filed as: AON Service code 21 · EIN 36-2235791	Bank Trustee	$37,294
ALIGHT SOLUTIONS LLC1+ years Filed as: ALIGHT SOLUTIONS Service code 15 · EIN 82-1061233	Recordkeeping	$5,550

Plan features & details

Pension benefit codes2G2J2R2S2T3D3H

Plan features

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.
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.
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$44K

$26 / participant

Other / not subdivided$44K100.0%

% of EOY assets

0.030%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ERNST & YOUNG
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,929

$88,730-12.2%

$82,312-5.3%

$77,9580%

Participation rate

97.8%

84.5%+13.2pp

76.9%+20.9pp

71.6%+26.1pp

Annual return

0.00%

20.88%-20.9pp

25.88%-25.9pp

20.87%-20.9pp

Employer contribution / active EE

$3,695

$2,758+34.0%

$2,428+52.2%

$2,310+59.9%

Participant deferral / active EE

$5,063

$4,634+9.3%

$3,706+36.6%

$3,537+43.2%

Admin fee / account holder

$23

$74-68.5%

$5,608-99.6%

$97-76.0%

Provider

Service type

Compensation

AON CONSULTING1+ years

Filed as: AON

Service code 21 · EIN 36-2235791

Bank Trustee

$37,294

ALIGHT SOLUTIONS LLC1+ years

Filed as: ALIGHT SOLUTIONS

Service code 15 · EIN 82-1061233

Recordkeeping

$5,550

SIEMENS WIND POWER, INC. SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIEMENS WIND POWER, INC. SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

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