2023 Form 5500 filing — Philips North America Pension 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 20241015154903NAL0015006419001) for Philips North America Pension Plan, reported by Philips North America LLC under EIN 13-3429115 and plan number 007. It reports 3,153 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015154903NAL0015006419001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Philips North America LLC
- EIN
- 13-3429115
- Plan number
- 007
- Location
- Cambridge, MA
- Participants
- 3,153
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $489,016,684
- Total liabilities (EOY)
- $146,898
- Net assets (EOY)
- $488,869,786
- Total income / additions
- $50,033,785
- Benefits paid
- $64,102,070
- Administrative expenses
- $1,380,869
- Total expenses
- $65,482,939
- Net increase / (decrease)
- -$15,449,154
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Lifeworks (Us) Ltd. | RECORDKEEPER | $407,874 | not reported in the loaded dataset |
| Mercer | ACTUARY | $161,250 | not reported in the loaded dataset |
| Segal Advisors, Inc | CONSULTANT | $144,250 | not reported in the loaded dataset |
| Northern Trust Company | TRUSTEE | $115,681 | not reported in the loaded dataset |
| Jhson, O' Con, Ferron & Carucci Llp | AUDITOR | $32,000 | not reported in the loaded dataset |
| Securities Class Action Services | CONSULTANT | $13,919 | not reported in the loaded dataset |