SIEMENS ENERGY, INC. SAVINGS PLAN · ORLANDO, FL · plan year 2024
Reported admin expense ratio · 2024
0.16%
Peer grade: C+· admin costs + employer contributions vs same-size plans · how grading works
Siemens Energy, Inc. reported $6,147,563 in plan administrative expenses for 2024: 0.16% of average plan assets, higher than ~90% of peers. Employer contributions averaged $8,564 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio fell from 0.23% to 0.16%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other utilities employers. By assets it is the 9th-largest of 3,644 plans among Florida employers on file, and the 15th of 412 in utilities. In 2024, employees put in $1.52 for every $1.00 the employer contributed; active participation has grown from 9,777 to 11,052 since 2022.
Plan summary
Net assets, end of year$3,949,282,801
Participants with balances15,382
Active participants11,052
Employer contributions$94,645,205
Employee contributions$143,505,868
Employer contribution per active participant$8,564
Average account balance$256,747
Benefits paid to participants$294,197,321
Plan auditUnmodified (clean) audit opinion
AuditorDOPKINS AND COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$3.9B · 15,382 accts · $94.6M emplr
2023$3.5B · 14,552 accts · $85.2M emplr
2022$3.1B · 13,426 accts · $79.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,104,635
Investment management$4,634,619
Trustee / custodial$408,309
Total administrative$6,147,563
The Siemens Energy, Inc. 401(k) match · 2024
Employer contribution per active participant$8,564
Median for plans this size$5,259
2024$8,564 per active participant
2023$8,069 per active participant
2022$8,098 per active participant
Siemens Energy, Inc.'s 2024 employer contribution ran above the $5,259 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
What these fees cost you
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Service providers · 202412
ALIGHT SOLUTIONS LLC · Recordkeeping$1,037,635
ARROWSTREET CAPITAL · Investment management$1,731,973
Source: U.S. Department of Labor, Form 5500 series, EIN 133987280 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.