Philips North America 401(K) Plan — Form 5500 plan (Philips North America LLC)
Plain-English plan 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, Philips North America 401(K) Plan is a benefit plan reported by Philips North America LLC under EIN 13-3429115 and plan number 005. The latest loaded filing year is 2023. The filing reports 30,810 participants and $5,779,286,156 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Philips North America LLC
- EIN
- 13-3429115
- Plan number
- 005
- Plan type
- 2
- Location
- Cambridge, MA
- Latest filing year
- 2023
- Participants
- 30,810
- End-of-year plan assets
- $5,779,286,156
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 30,810 | H, C | 20241015155206NAL0029005505001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $5,779,286,156
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,779,286,156
- Net assets (BOY)
- $5,180,251,859
Income & contributions
- Employer contributions
- $142,794,855
- Participant contributions
- $202,585,317
- Total contributions
- $367,658,056
- Total income / additions
- $1,342,803,989
Expenses & distributions
- Benefits paid
- $742,158,955
- Administrative expenses
- $1,116,932
- Total expenses
- $743,769,692
- Net increase / (decrease)
- $599,034,297
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Prudential Reti Ins And Ann Comp | RECORDKEEPER & TPA | $781,752 | $0 | 2023 |
| Capfinancial Partners LLC | INVESTMENT ADVISOR | $187,500 | not reported in the loaded dataset | 2023 |
| Johnson O'Connor Feron & Carucci Ll | ACCOUNTING | $14,565 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Philips North America LLC
- 2023 Form 5500 filing
- Form 5500 filings in MA
- 401(k) and benefit plan filings in Cambridge, MA
- Prudential Reti Ins And Ann Comp — Schedule C compensation
- Capfinancial Partners LLC — Schedule C compensation
- Johnson O'Connor Feron & Carucci Ll — Schedule C compensation