Retirement plan

SIEMENS WIND POWER, INC. SAVINGS PLAN

Name: SIEMENS GAMESA RENEWABLE ENERGY, INC. - SIEMENS WIND POWER, INC. SAVINGS PLAN (2018) 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 2018

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

Other plans on this EIN

1 filing

#024Retirement-$61K assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$136.5M

+7.1% from 2018

Total participants

2,000

-4.3% from 2018

Average account balance

$71,821

+8.5% from 2018

Annual return

-6.33%

+6.33 pp from 2018

Benchmarks

See 831 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort831 peers

Snapshot2018

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 5 by compensation

Provider	Service type	Compensation
ALIGHT SOLUTIONS LLC2+ years Filed as: ALIGHT SOLUTIONS Service code 15 · EIN 82-1061233	Recordkeeping	$136,995
AON CONSULTING1 year Filed as: AON TRUST Service code 21 · EIN 36-2235791	Bank Trustee	$29,785
STATE STREET GLOBAL ADVISORS1 year Service code 28 · EIN 04-1867445	Investment Management	$8,920
THE BANK OF NEW YORK MELLON1 year Filed as: PERSHING LLC Service code 59 · EIN 13-2741729	Shareholder Servicing	$807
ALIGHT SOLUTIONS LLC1 year Filed as: ALIGHT FINANCIAL SOLUTIONS, LLC Service code 33 · EIN 82-1061233	Finders' fees / placement fees; Distr...	$376

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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$176K

$101 / participant

Investment mgmt$9K5.1%
Other / not subdivided$167K94.9%

% of EOY assets

0.129%

all-in expense ratio

Categories reported

1 / 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: WITHUM SMITH & BROWN PC
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,821

$78,852-8.9%

$76,768-6.4%

$75,289-4.6%

Participation rate

94.3%

85.0%+9.3pp

77.0%+17.3pp

72.4%+21.8pp

Annual return

-6.33%

-1.29%-5.0pp

2.43%-8.8pp

-0.04%-6.3pp

Employer contribution / active EE

$4,255

$2,794+52.3%

$2,485+71.2%

$2,405+76.9%

Participant deferral / active EE

$5,934

$4,800+23.6%

$3,852+54.1%

$3,739+58.7%

Admin fee / account holder

$92

$79+17.1%

$6,676-98.6%

$102-9.6%

Provider

Service type

Compensation

ALIGHT SOLUTIONS LLC2+ years

Filed as: ALIGHT SOLUTIONS

Service code 15 · EIN 82-1061233

Recordkeeping

$136,995

AON CONSULTING1 year

Filed as: AON TRUST

Service code 21 · EIN 36-2235791

Bank Trustee

$29,785

STATE STREET GLOBAL ADVISORS1 year

Service code 28 · EIN 04-1867445

Investment Management

$8,920

THE BANK OF NEW YORK MELLON1 year

Filed as: PERSHING LLC

Service code 59 · EIN 13-2741729

Shareholder Servicing

$807

ALIGHT SOLUTIONS LLC1 year

Filed as: ALIGHT FINANCIAL SOLUTIONS, LLC

Service code 33 · EIN 82-1061233

Finders' fees / placement fees; Distr...

$376

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