2023 Form 5500 filing — Philips North America 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241015155206NAL0029005505001) for Philips North America 401(K) Plan, reported by Philips North America LLC under EIN 13-3429115 and plan number 005. It reports 30,810 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015155206NAL0029005505001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Philips North America LLC
- EIN
- 13-3429115
- Plan number
- 005
- Location
- Cambridge, MA
- Participants
- 30,810
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $5,779,286,156
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,779,286,156
- Employer contributions
- $142,794,855
- Participant contributions
- $202,585,317
- Total income / additions
- $1,342,803,989
- Benefits paid
- $742,158,955
- Administrative expenses
- $1,116,932
- Total expenses
- $743,769,692
- Net increase / (decrease)
- $599,034,297
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Prudential Reti Ins And Ann Comp | RECORDKEEPER & TPA | $781,752 | $0 |
| Capfinancial Partners LLC | INVESTMENT ADVISOR | $187,500 | not reported in the loaded dataset |
| Johnson O'Connor Feron & Carucci Ll | ACCOUNTING | $14,565 | not reported in the loaded dataset |