Philips North America Pension 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 Pension Plan is a benefit plan reported by Philips North America LLC under EIN 13-3429115 and plan number 007. The latest loaded filing year is 2023. The filing reports 3,153 participants and $489,016,684 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
- 007
- Plan type
- 2
- Location
- Cambridge, MA
- Latest filing year
- 2023
- Participants
- 3,153
- End-of-year plan assets
- $489,016,684
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 3,153 | H, C | 20241015154903NAL0015006419001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $489,016,684
- Total liabilities (EOY)
- $146,898
- Net assets (EOY)
- $488,869,786
- Net assets (BOY)
- $504,318,940
Income & contributions
- Total contributions
- $0
- Total income / additions
- $50,033,785
Expenses & distributions
- Benefits paid
- $64,102,070
- Administrative expenses
- $1,380,869
- Total expenses
- $65,482,939
- Net increase / (decrease)
- -$15,449,154
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Lifeworks (Us) Ltd. | RECORDKEEPER | $407,874 | not reported in the loaded dataset | 2023 |
| Mercer | ACTUARY | $161,250 | not reported in the loaded dataset | 2023 |
| Segal Advisors, Inc | CONSULTANT | $144,250 | not reported in the loaded dataset | 2023 |
| Northern Trust Company | TRUSTEE | $115,681 | not reported in the loaded dataset | 2023 |
| Jhson, O' Con, Ferron & Carucci Llp | AUDITOR | $32,000 | not reported in the loaded dataset | 2023 |
| Securities Class Action Services | CONSULTANT | $13,919 | 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
- Lifeworks (Us) Ltd. — Schedule C compensation
- Mercer — Schedule C compensation
- Segal Advisors, Inc — Schedule C compensation
- Northern Trust Company — Schedule C compensation
- Jhson, O' Con, Ferron & Carucci Llp — Schedule C compensation
- Securities Class Action Services — Schedule C compensation