Retirement plan

SIEMENS GAMESA RENEWABLE ENERGY, INC. SAVINGS PLAN

Name: SIEMENS GAMESA RENEWABLE ENERGY, INC. - SIEMENS GAMESA RENEWABLE ENERGY, INC. SAVINGS PLAN (2022) Form 5500
Creator: SIEMENS GAMESA RENEWABLE ENERGY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIEMENS GAMESA RENEWABLE ENERGY, INC. SAVINGS PLAN, SIEMENS GAMESA RENEWABLE ENERGY, INC.

SIEMENS GAMESA RENEWABLE ENERGY, INC.EIN 81-3283763Plan #001PY 2022

4400 ALAFAYA TRAIL, Q2 - ORLANDO, FL 32826407-736-2000

Other plans on this EIN

1 filing

#024Retirement-$143K assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$216.1M

+7.1% from 2018

Total participants

2,427

-4.3% from 2018

Average account balance

$90,631

+8.5% from 2018

Annual return

-17.66%

+6.33 pp from 2018

Benchmarks

See 811 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort811 peers

Snapshot2022

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

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Service providers

Top 10 by compensation

Provider	Service type	Compensation
ALIGHT SOLUTIONS LLC1 year Service code 15 · EIN 82-1061233	Recordkeeping	$509,809
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVICES, LLC Service code 28 5707 SOUTHWEST PKWY BLDG. 2 · AUSTIN, TX 78735	Investment Management	$149,813
AON CONSULTING5 years Filed as: AON TRUST Service code 21 · EIN 36-2235791	Bank Trustee	$91,149
AON CONSULTING3 years Filed as: AON INVESTMENTS USA INC Service code 28 · EIN 36-3109431	Investment Management	$63,277
WILLIS TOWERS WATSON US LLC1 year Filed as: WILLIS TOWERS WATSON Service code 28 · EIN 23-1159630	Investment Management	$62,861
STATE STREET GLOBAL ADVISORS5 years Service code 18 · EIN 81-4017137	Direct payment from the plan; Custodi...	$56,892
WITHUMSMITH+BROWN, PC3 years Filed as: WITHUM Service code 10 506 CARNEGIE CENTER, SUITE 400 · PRINCETON, NJ 08540	Accounting	$16,640
ALIGHT SOLUTIONS LLC4 years Filed as: ALIGHT FINANCIAL SOLUTIONS Service code 71	Brokerage Fees	$6,910
THE BANK OF NEW YORK MELLON5 years Filed as: PERSHING LLC Service code 59 · EIN 13-2741729	Shareholder Servicing	$316
ALIGHT SOLUTIONS LLC5 years Filed as: ALIGHT FINANCIAL SOLUTIONS, LLC Service code 33 · EIN 82-1061233	Securities brokerage; Finders' fees /...	$0

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$954K

$581 / participant

Investment mgmt$333K34.9%
Contract admin$510K53.4%
Other / not subdivided$112K11.7%

% of EOY assets

0.442%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WITHUM SMITH & BROWN PC
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,631

$130,052-30.3%

$86,717+4.5%

$77,906+16.3%

Participation rate

97.4%

85.9%+11.5pp

76.6%+20.8pp

73.7%+23.7pp

Annual return

-17.66%

-12.73%-4.9pp

35.97%-53.6pp

12.16%-29.8pp

Employer contribution / active EE

$5,482

$3,214+70.6%

$2,837+93.2%

$2,846+92.6%

Participant deferral / active EE

$8,374

$5,741+45.9%

$4,657+79.8%

$4,805+74.3%

Admin fee / account holder

$400

$132+203.6%

$7,494-94.7%

$133+202.0%

Provider

Service type

Compensation

ALIGHT SOLUTIONS LLC1 year

Service code 15 · EIN 82-1061233

Recordkeeping

$509,809

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVICES, LLC

Service code 28

5707 SOUTHWEST PKWY BLDG. 2 · AUSTIN, TX 78735

Investment Management

$149,813

AON CONSULTING5 years

Filed as: AON TRUST

Service code 21 · EIN 36-2235791

Bank Trustee

$91,149

AON CONSULTING3 years

Filed as: AON INVESTMENTS USA INC

Service code 28 · EIN 36-3109431

Investment Management

$63,277

WILLIS TOWERS WATSON US LLC1 year

Filed as: WILLIS TOWERS WATSON

Service code 28 · EIN 23-1159630

Investment Management

$62,861

STATE STREET GLOBAL ADVISORS5 years

Service code 18 · EIN 81-4017137

Direct payment from the plan; Custodi...

$56,892

WITHUMSMITH+BROWN, PC3 years

Filed as: WITHUM

Service code 10

506 CARNEGIE CENTER, SUITE 400 · PRINCETON, NJ 08540

Accounting

$16,640

ALIGHT SOLUTIONS LLC4 years

Filed as: ALIGHT FINANCIAL SOLUTIONS

Service code 71

Brokerage Fees

$6,910

THE BANK OF NEW YORK MELLON5 years

Filed as: PERSHING LLC

Service code 59 · EIN 13-2741729

Shareholder Servicing

$316

ALIGHT SOLUTIONS LLC5 years

Filed as: ALIGHT FINANCIAL SOLUTIONS, LLC

Service code 33 · EIN 82-1061233

Securities brokerage; Finders' fees /...

SIEMENS GAMESA RENEWABLE ENERGY, INC. SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIEMENS GAMESA RENEWABLE ENERGY, 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