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PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEES SAVINGS PLAN FOR PUERTO RICO 401k Plan overview

Plan NamePHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEES SAVINGS PLAN FOR PUERTO RICO
Plan identification number 004

PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEES SAVINGS PLAN FOR PUERTO RICO Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan not intended to be qualified - A plan not intended to be qualified under Code sections 401, 403, or 408.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PHILIPS NORTH AMERICA LLC has sponsored the creation of one or more 401k plans.

Company Name:PHILIPS NORTH AMERICA LLC
Employer identification number (EIN):133429115
NAIC Classification:339900

Additional information about PHILIPS NORTH AMERICA LLC

Jurisdiction of Incorporation: Commonwealth of Massachusetts Corporations Division
Incorporation Date:
Company Identification Number: 133429115

More information about PHILIPS NORTH AMERICA LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEES SAVINGS PLAN FOR PUERTO RICO

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042023-01-01
0042022-01-01
0042021-01-01
0042021-01-01
0042020-01-01
0042019-01-01
0042018-01-01
0042017-01-01
0042016-01-01
0042015-01-01KRISTINE FORTIN2016-10-05
0042014-01-01LEVERDA WALLACE2015-10-13
0042013-01-01JULIE THIBODEAU2014-10-13
0042012-01-01ELIZABETH GRELLA2013-10-08
0042011-01-01ELIZABETH A. GRELLA2013-08-12
0042010-01-01ELIZABETH A. GRELLA2011-09-13

Plan Statistics for PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEES SAVINGS PLAN FOR PUERTO RICO

401k plan membership statisitcs for PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEES SAVINGS PLAN FOR PUERTO RICO

Measure Date Value
2025: PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEES SAVINGS PLAN FOR PUERTO RICO 2025 401k membership
Total number of particpants at beginning of year2025-10-1054
Total number of particpants at end of year2025-10-1058
Number of Participants With Account Balances2025-10-1057
2024: PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEES SAVINGS PLAN FOR PUERTO RICO 2024 401k membership
Total number of particpants at beginning of year2024-10-1558
Total number of particpants at end of year2024-10-1553
Number of Participants With Account Balances2024-10-1553

Financial Data on PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEES SAVINGS PLAN FOR PUERTO RICO

Measure Date Value
2025 : PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEES SAVINGS PLAN FOR PUERTO RICO 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-10-3542
Total expenses incurred by plan in this plan year2025-10-10206954
Net assets as of the end of the plan year2025-10-105548379
Total assets as of the beginning of the plan year2025-10-104651296
Value of plan covered by a fidelity bond2025-10-102000000
Participant contributions to plan in this plan year2025-10-10268418
Value of participant loans at end of plan year2025-10-1057365
Other income to plan in this plan year2025-10-10730683
Plan net income in this plan year2025-10-10900625
Net assets as of the end of the plan year2025-10-105548379
Net assets as of the beginning of the plan year2025-10-104651296
Employer contributions to plan in this plan year2025-10-10108478
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-104102
2024 : PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEES SAVINGS PLAN FOR PUERTO RICO 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-15792875
Net assets as of the end of the plan year2024-10-154651296
Total assets as of the beginning of the plan year2024-10-154302929
Value of plan covered by a fidelity bond2024-10-152000000
Participant contributions to plan in this plan year2024-10-15250709
Value of participant loans at end of plan year2024-10-1542275
Other expenses paid from plan in this plan year2024-10-158
Other contributions to plan in this plan year2024-10-1542400
Other income to plan in this plan year2024-10-15778836
Plan net income in this plan year2024-10-15348367
Net assets as of the end of the plan year2024-10-154651296
Net assets as of the beginning of the plan year2024-10-154302929
Employer contributions to plan in this plan year2024-10-1569297

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