Siemens Gamesa Renewable Energy, Inc.401(k)
SIEMENS GAMESA RENEWABLE ENERGY, INC. SAVINGS PLAN · ORLANDO, FL · plan year 2024
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Siemens Gamesa Renewable Energy, Inc. reported $614,877 in plan administrative expenses for 2024: 0.22% of average plan assets, higher than ~90% of peers. Employer contributions averaged $6,042 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 0.39% to 0.22%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 130th-largest of 3,644 plans among Florida employers on file, and the 856th of 13,661 in manufacturing. In 2024, employees put in $1.44 for every $1.00 the employer contributed; active participation has grown from 1,644 to 1,915 since 2022.
Siemens Gamesa Renewable Energy, Inc.'s 2024 employer contribution ran above the $4,294 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 813283763 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.