Siemens Medical Solutions USA, Inc.401(k)
SIEMENS MEDICAL SOLUTIONS USA, INC. SAVINGS PLAN · MALVERN, PA · plan year 2024
Siemens Medical Solutions USA, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $7,872,711,457 across 20,081 participant accounts, with employer contributions averaging $9,679 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other management of companies employers. By assets it is the 9th-largest of 3,651 plans among Pennsylvania employers on file, and the 7th of 786 in management of companies. In 2024, employees put in $1.55 for every $1.00 the employer contributed.
Siemens Medical Solutions USA, Inc.'s 2024 employer contribution ran above the $5,259 median for plans its size, placing it in the top quarter of its peers. 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 222417778 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.