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PHILIPS ELECTRONICS NORTH AMERICA CORPORATION LEGACY PENSION PLAN 401k Plan overview

Plan NamePHILIPS ELECTRONICS NORTH AMERICA CORPORATION LEGACY PENSION PLAN
Plan identification number 006

PHILIPS ELECTRONICS NORTH AMERICA CORPORATION LEGACY PENSION PLAN Benefits

401k Plan Type
Plan Features/Benefits

    401k Sponsoring company profile

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

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

    Additional information about PHILIPS ELECTRONICS NORTH AMERICA CORPORATION

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

    More information about PHILIPS ELECTRONICS NORTH AMERICA CORPORATION

    Form 5500 Filing Information

    Submission information for form 5500 for 401k plan PHILIPS ELECTRONICS NORTH AMERICA CORPORATION LEGACY PENSION PLAN

    Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
    0062015-08-03KRISTINE FORTIN
    0062015-08-03KRISTINE FORTIN
    0062012-01-01ELIZABETH GRELLA
    0062011-05-01ELIZABETH GRELLA

    Plan Statistics for PHILIPS ELECTRONICS NORTH AMERICA CORPORATION LEGACY PENSION PLAN

    401k plan membership statisitcs for PHILIPS ELECTRONICS NORTH AMERICA CORPORATION LEGACY PENSION PLAN

    Measure Date Value
    2015
    Total participants, beginning-of-year2015-08-0316,948
    Total number of active participants reported on line 7a of the Form 55002015-08-030
    Number of retired or separated participants receiving benefits2015-08-030
    Number of other retired or separated participants entitled to future benefits2015-08-030
    Total of all active and inactive participants2015-08-030
    Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-08-030
    Total participants2015-08-030
    Number of participants with account balances2015-08-030
    Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-08-030
    2012
    Total participants, beginning-of-year2012-01-0130
    Total number of active participants reported on line 7a of the Form 55002012-01-010
    Number of retired or separated participants receiving benefits2012-01-010
    Number of other retired or separated participants entitled to future benefits2012-01-010
    Total of all active and inactive participants2012-01-010
    Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
    Total participants2012-01-010
    Number of participants with account balances2012-01-010
    Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
    2011
    Total participants, beginning-of-year2011-05-0133
    Total number of active participants reported on line 7a of the Form 55002011-05-0131
    Number of retired or separated participants receiving benefits2011-05-010
    Number of other retired or separated participants entitled to future benefits2011-05-010
    Total of all active and inactive participants2011-05-0131
    Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-05-010
    Total participants2011-05-0131
    Number of participants with account balances2011-05-0130
    Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-05-010

    Financial Data on PHILIPS ELECTRONICS NORTH AMERICA CORPORATION LEGACY PENSION PLAN

    Measure Date Value
    2015
    Total unrealized appreciation/depreciation of assets2015-12-07$0
    Total transfer of assets to this plan2015-12-07$1,041,806,304
    Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-07$0
    Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-07$0
    Total income from all sources (including contributions)2015-12-07$128,221,707
    Total loss/gain on sale of assets2015-12-07$0
    Total of all expenses incurred2015-12-07$1,170,028,011
    Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-07$1,167,353,535
    Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-07$150,414,121
    Value of total assets at end of year2015-12-07$0
    Value of total assets at beginning of year2015-12-07$0
    Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-07$2,674,476
    Total interest from all sources2015-12-07$0
    Total dividends received (eg from common stock, registered investment company shares)2015-12-07$0
    Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-07Yes
    Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2015-12-07$0
    Was this plan covered by a fidelity bond2015-12-07Yes
    Value of fidelity bond cover2015-12-07$1,000,000
    If this is an individual account plan, was there a blackout period2015-12-07No
    Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-07$0
    Were there any nonexempt tranactions with any party-in-interest2015-12-07No
    Administrative expenses (other) incurred2015-12-07$2,231,048
    Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-07No
    Value of net income/loss2015-12-07$-1,041,806,304
    Value of net assets at end of year (total assets less liabilities)2015-12-07$0
    Value of net assets at beginning of year (total assets less liabilities)2015-12-07$0
    Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-07No
    Were any loans by the plan or fixed income obligations due to the plan in default2015-12-07No
    Were any leases to which the plan was party in default or uncollectible2015-12-07No
    Investment advisory and management fees2015-12-07$443,428
    Value of interest in master investment trust accounts at end of year2015-12-07$0
    Value of interest in master investment trust accounts at beginning of year2015-12-07$0
    Expenses. Payments to insurance carriers foe the provision of benefits2015-12-07$1,139,739,540
    Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-07No
    Was there a failure to transmit to the plan any participant contributions2015-12-07No
    Has the plan failed to provide any benefit when due under the plan2015-12-07No
    Contributions received in cash from employer2015-12-07$150,414,121
    Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-07$27,613,995
    Did the plan have assets held for investment2015-12-07No
    Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-07No
    Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-07Yes
    Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-07Yes
    Opinion of an independent qualified public accountant for this plan2015-12-07Disclaimer
    Accountancy firm name2015-12-07KPMG LLP
    Accountancy firm EIN2015-12-07135565207
    2012
    Transfers to/from the plan2012-09-30$-838,839
    Total income from all sources2012-09-30$200,453
    Expenses. Total of all expenses incurred2012-09-30$155,058
    Benefits paid (including direct rollovers)2012-09-30$153,566
    Total plan assets at end of year2012-09-30$0
    Total plan assets at beginning of year2012-09-30$793,444
    Total contributions received or receivable from participants2012-09-30$64,482
    Expenses. Other expenses not covered elsewhere2012-09-30$1,492
    Other income received2012-09-30$72,356
    Net income (gross income less expenses)2012-09-30$45,395
    Net plan assets at end of year (total assets less liabilities)2012-09-30$0
    Net plan assets at beginning of year (total assets less liabilities)2012-09-30$793,444
    Assets. Value of participant loans2012-09-30$0
    Total contributions received or receivable from employer(s)2012-09-30$63,615
    Funding deficiency by the employer to the plan for this plan year2012-09-30$0
    Minimum employer required contribution for this plan year2012-09-30$0
    Amount contributed by the employer to the plan for this plan year2012-09-30$0
    2011
    Transfers to/from the plan2011-12-31$671,543
    Total income from all sources2011-12-31$138,289
    Expenses. Total of all expenses incurred2011-12-31$16,388
    Benefits paid (including direct rollovers)2011-12-31$16,258
    Total plan assets at end of year2011-12-31$793,444
    Total plan assets at beginning of year2011-12-31$0
    Total contributions received or receivable from participants2011-12-31$88,480
    Expenses. Other expenses not covered elsewhere2011-12-31$130
    Contributions received from other sources (not participants or employers)2011-12-31$0
    Other income received2011-12-31$-54,824
    Net income (gross income less expenses)2011-12-31$121,901
    Net plan assets at end of year (total assets less liabilities)2011-12-31$793,444
    Net plan assets at beginning of year (total assets less liabilities)2011-12-31$0
    Assets. Value of participant loans2011-12-31$39,003
    Total contributions received or receivable from employer(s)2011-12-31$104,633
    Value of certain deemed distributions of participant loans2011-12-31$0
    Value of corrective distributions2011-12-31$0

    Form 5500 Responses

    2015
    2015-08-03Type of plan entitySingle employer plan
    2015-08-03First time form 5500 has been submittedYes
    2015-08-03Submission has been amendedNo
    2015-08-03This submission is the final filingYes
    2015-08-03This return/report is a short plan year return/report (less than 12 months)Yes
    2015-08-03Plan is a collectively bargained planYes
    2015-08-03Plan funding arrangement – TrustYes
    2015-08-03Plan benefit arrangement – InsuranceYes
    2015-08-03Plan benefit arrangement - TrustYes
    2012
    2012-01-01Type of plan entitySingle employer plan
    2012-01-01Submission has been amendedNo
    2012-01-01This submission is the final filingYes
    2012-01-01This return/report is a short plan year return/report (less than 12 months)Yes
    2012-01-01Plan is a collectively bargained planNo
    2012-01-01Plan funding arrangement – InsuranceYes
    2012-01-01Plan funding arrangement – TrustYes
    2012-01-01Plan benefit arrangement – InsuranceYes
    2011
    2011-05-01Type of plan entitySingle employer plan
    2011-05-01Submission has been amendedYes
    2011-05-01This submission is the final filingNo
    2011-05-01This return/report is a short plan year return/report (less than 12 months)Yes
    2011-05-01Plan is a collectively bargained planNo
    2011-05-01Plan funding arrangement – InsuranceYes
    2011-05-01Plan funding arrangement – TrustYes
    2011-05-01Plan benefit arrangement – InsuranceYes

    Insurance Providers Used on plan

    HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
    Policy contract numberGA-826548
    Policy instance 1
    Insurance contract or identification numberGA-826548
    Number of Individuals Covered0
    Insurance policy start date2012-01-01
    Insurance policy end date2012-09-30
    Total amount of commissions paid to insurance brokerUSD $1,106
    Total amount of fees paid to insurance companyUSD $0
    Are there contracts with allocated funds for individual policies?No
    Are there contracts with allocated funds for group deferred annuity?No
    Are there contracts with allocated funds for types other than group deferred annuity or individual?No
    Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
    Contracts With Unallocated Funds Deposit Administration0
    Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
    Are there contracts with unallocated funds for contracts of type guaranteed investment?No
    Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
    Health Insurance Welfare BenefitNo
    Dental Insurance Welfare BenefitNo
    Vision Insurance Welfare BenefitNo
    Life Insurance Welfare BenefitNo
    Temporary Disability Insurance Welfare BenefitNo
    Long Term Disability Insurance Welfare BenefitNo
    Unemployment Insurance Welfare BenefitNo
    Were dividends or retroactive rate refunds paid in cash?No
    Were dividends or retroactive rate refunds paid as a credit?No
    Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
    Commission paid to Insurance BrokerUSD $1,106
    Insurance broker organization code?3
    Insurance broker nameWELLS FARGO ADVISORS INS AGENCY LLC
    HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
    Policy contract numberGA-826548
    Policy instance 1
    Insurance contract or identification numberGA-826548
    Number of Individuals Covered30
    Insurance policy start date2011-05-01
    Insurance policy end date2011-12-31
    Total amount of commissions paid to insurance brokerUSD $966
    Total amount of fees paid to insurance companyUSD $0
    Are there contracts with allocated funds for individual policies?No
    Are there contracts with allocated funds for group deferred annuity?No
    Are there contracts with allocated funds for types other than group deferred annuity or individual?No
    Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
    Contracts With Unallocated Funds Deposit Administration0
    Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
    Are there contracts with unallocated funds for contracts of type guaranteed investment?No
    Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
    Health Insurance Welfare BenefitNo
    Dental Insurance Welfare BenefitNo
    Vision Insurance Welfare BenefitNo
    Life Insurance Welfare BenefitNo
    Temporary Disability Insurance Welfare BenefitNo
    Long Term Disability Insurance Welfare BenefitNo
    Unemployment Insurance Welfare BenefitNo
    Were dividends or retroactive rate refunds paid in cash?No
    Were dividends or retroactive rate refunds paid as a credit?No
    Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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