PHILIPS NORTH AMERICA LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan PHILIPS NORTH AMERICA PENSION PLAN
Measure | Date | Value |
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2023: PHILIPS NORTH AMERICA PENSION PLAN 2023 401k membership |
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Total participants, beginning-of-year | 2023-01-01 | 3,153 |
Total number of active participants reported on line 7a of the Form 5500 | 2023-01-01 | 1,514 |
Number of retired or separated participants receiving benefits | 2023-01-01 | 327 |
Number of other retired or separated participants entitled to future benefits | 2023-01-01 | 1,019 |
Total of all active and inactive participants | 2023-01-01 | 2,860 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2023-01-01 | 131 |
Total participants | 2023-01-01 | 2,991 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2023-01-01 | 0 |
2022: PHILIPS NORTH AMERICA PENSION PLAN 2022 401k membership |
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Market value of plan assets | 2022-12-31 | 705,265,617 |
Acturial value of plan assets | 2022-12-31 | 637,164,702 |
Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 40,815,001 |
Number of terminated vested participants | 2022-12-31 | 1,224 |
Fundng target for terminated vested participants | 2022-12-31 | 98,227,126 |
Active participant vested funding target | 2022-12-31 | 324,475,011 |
Number of active participants | 2022-12-31 | 1,976 |
Total funding liabilities for active participants | 2022-12-31 | 331,489,900 |
Total participant count | 2022-12-31 | 3,408 |
Total funding target for all participants | 2022-12-31 | 470,532,027 |
Balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-12-31 | 209,570,141 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2022-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2022-12-31 | 0 |
Amount remaining of carryover balance | 2022-12-31 | 0 |
Amount remaining of prefunding balance | 2022-12-31 | 209,570,141 |
Present value of excess contributions | 2022-12-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2022-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2022-12-31 | 45,000,000 |
Balance of carryovers at beginning of current year | 2022-12-31 | 0 |
Balance of prefunding at beginning of current year | 2022-12-31 | 164,151,001 |
Total employer contributions | 2022-12-31 | 0 |
Total employee contributions | 2022-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2022-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2022-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2022-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2022-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2022-12-31 | 1,400,000 |
Net shortfall amortization installment of oustanding balance | 2022-12-31 | 0 |
Waiver amortization installment | 2022-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Additional cash requirement | 2022-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 0 |
Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
Total participants, beginning-of-year | 2022-01-01 | 3,356 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 1,670 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 254 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 1,095 |
Total of all active and inactive participants | 2022-01-01 | 3,019 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 134 |
Total participants | 2022-01-01 | 3,153 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 0 |
2021: PHILIPS NORTH AMERICA PENSION PLAN 2021 401k membership |
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Market value of plan assets | 2021-12-31 | 771,507,717 |
Acturial value of plan assets | 2021-12-31 | 694,356,946 |
Funding target for retired participants and beneficiaries receiving payment | 2021-12-31 | 15,160,521 |
Number of terminated vested participants | 2021-12-31 | 1,294 |
Fundng target for terminated vested participants | 2021-12-31 | 107,531,413 |
Active participant vested funding target | 2021-12-31 | 347,784,347 |
Number of active participants | 2021-12-31 | 2,230 |
Total funding liabilities for active participants | 2021-12-31 | 357,197,362 |
Total participant count | 2021-12-31 | 3,625 |
Total funding target for all participants | 2021-12-31 | 479,889,296 |
Balance at beginning of prior year after applicable adjustments | 2021-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2021-12-31 | 184,388,765 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2021-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2021-12-31 | 0 |
Amount remaining of carryover balance | 2021-12-31 | 0 |
Amount remaining of prefunding balance | 2021-12-31 | 184,388,765 |
Present value of excess contributions | 2021-12-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-12-31 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2021-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2021-12-31 | 10,000,000 |
Balance of carryovers at beginning of current year | 2021-12-31 | 0 |
Balance of prefunding at beginning of current year | 2021-12-31 | 209,570,141 |
Total employer contributions | 2021-12-31 | 0 |
Total employee contributions | 2021-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2021-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2021-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2021-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2021-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2021-12-31 | 1,807,106 |
Net shortfall amortization installment of oustanding balance | 2021-12-31 | 0 |
Waiver amortization installment | 2021-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2021-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2021-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2021-12-31 | 0 |
Additional cash requirement | 2021-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2021-12-31 | 0 |
Unpaid minimum required contributions for current year | 2021-12-31 | 0 |
Unpaid minimum required contributions for all years | 2021-12-31 | 0 |
Total participants, beginning-of-year | 2021-01-01 | 3,571 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 1,976 |
Number of retired or separated participants receiving benefits | 2021-01-01 | 167 |
Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 1,054 |
Total of all active and inactive participants | 2021-01-01 | 3,197 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 159 |
Total participants | 2021-01-01 | 3,356 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 0 |
2020: PHILIPS NORTH AMERICA PENSION PLAN 2020 401k membership |
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Market value of plan assets | 2020-12-31 | 1,952,346,745 |
Acturial value of plan assets | 2020-12-31 | 1,817,654,320 |
Funding target for retired participants and beneficiaries receiving payment | 2020-12-31 | 889,555,345 |
Number of terminated vested participants | 2020-12-31 | 4,836 |
Fundng target for terminated vested participants | 2020-12-31 | 285,586,912 |
Active participant vested funding target | 2020-12-31 | 398,939,114 |
Number of active participants | 2020-12-31 | 2,549 |
Total funding liabilities for active participants | 2020-12-31 | 410,082,164 |
Total participant count | 2020-12-31 | 16,858 |
Total funding target for all participants | 2020-12-31 | 1,585,224,421 |
Balance at beginning of prior year after applicable adjustments | 2020-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2020-12-31 | 149,714,814 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2020-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2020-12-31 | 0 |
Amount remaining of carryover balance | 2020-12-31 | 0 |
Amount remaining of prefunding balance | 2020-12-31 | 149,714,814 |
Present value of excess contributions | 2020-12-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-12-31 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2020-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2020-12-31 | 0 |
Balance of carryovers at beginning of current year | 2020-12-31 | 0 |
Balance of prefunding at beginning of current year | 2020-12-31 | 184,388,765 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2020-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2020-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2020-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2020-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2020-12-31 | 4,385,187 |
Net shortfall amortization installment of oustanding balance | 2020-12-31 | 0 |
Waiver amortization installment | 2020-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2020-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2020-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2020-12-31 | 0 |
Additional cash requirement | 2020-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2020-12-31 | 0 |
Unpaid minimum required contributions for current year | 2020-12-31 | 0 |
Unpaid minimum required contributions for all years | 2020-12-31 | 0 |
Total participants, beginning-of-year | 2020-01-01 | 16,689 |
Total number of active participants reported on line 7a of the Form 5500 | 2020-01-01 | 2,230 |
Number of retired or separated participants receiving benefits | 2020-01-01 | 65 |
Number of other retired or separated participants entitled to future benefits | 2020-01-01 | 1,115 |
Total of all active and inactive participants | 2020-01-01 | 3,410 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-01-01 | 161 |
Total participants | 2020-01-01 | 3,571 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-01-01 | 0 |
2019: PHILIPS NORTH AMERICA PENSION PLAN 2019 401k membership |
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Market value of plan assets | 2019-12-31 | 1,709,033,992 |
Acturial value of plan assets | 2019-12-31 | 1,775,757,909 |
Funding target for retired participants and beneficiaries receiving payment | 2019-12-31 | 869,706,300 |
Number of terminated vested participants | 2019-12-31 | 5,152 |
Fundng target for terminated vested participants | 2019-12-31 | 287,069,134 |
Active participant vested funding target | 2019-12-31 | 444,661,309 |
Number of active participants | 2019-12-31 | 2,882 |
Total funding liabilities for active participants | 2019-12-31 | 457,209,361 |
Total participant count | 2019-12-31 | 17,409 |
Total funding target for all participants | 2019-12-31 | 1,613,984,795 |
Balance at beginning of prior year after applicable adjustments | 2019-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2019-12-31 | 205,287,100 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2019-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2019-12-31 | 0 |
Amount remaining of carryover balance | 2019-12-31 | 0 |
Amount remaining of prefunding balance | 2019-12-31 | 205,287,100 |
Present value of excess contributions | 2019-12-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2019-12-31 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2019-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2019-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2019-12-31 | 45,000,000 |
Balance of carryovers at beginning of current year | 2019-12-31 | 0 |
Balance of prefunding at beginning of current year | 2019-12-31 | 149,714,814 |
Total employer contributions | 2019-12-31 | 0 |
Total employee contributions | 2019-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2019-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2019-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2019-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2019-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2019-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2019-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2019-12-31 | 7,430,327 |
Net shortfall amortization installment of oustanding balance | 2019-12-31 | 0 |
Waiver amortization installment | 2019-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2019-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2019-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2019-12-31 | 0 |
Additional cash requirement | 2019-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2019-12-31 | 0 |
Unpaid minimum required contributions for current year | 2019-12-31 | 0 |
Unpaid minimum required contributions for all years | 2019-12-31 | 0 |
Total participants, beginning-of-year | 2019-01-01 | 17,244 |
Total number of active participants reported on line 7a of the Form 5500 | 2019-01-01 | 2,549 |
Number of retired or separated participants receiving benefits | 2019-01-01 | 8,327 |
Number of other retired or separated participants entitled to future benefits | 2019-01-01 | 4,644 |
Total of all active and inactive participants | 2019-01-01 | 15,520 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2019-01-01 | 1,169 |
Total participants | 2019-01-01 | 16,689 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2019-01-01 | 0 |
2018: PHILIPS NORTH AMERICA PENSION PLAN 2018 401k membership |
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Market value of plan assets | 2018-12-31 | 1,950,020,288 |
Acturial value of plan assets | 2018-12-31 | 1,861,993,334 |
Funding target for retired participants and beneficiaries receiving payment | 2018-12-31 | 826,769,324 |
Number of terminated vested participants | 2018-12-31 | 5,321 |
Fundng target for terminated vested participants | 2018-12-31 | 262,600,687 |
Active participant vested funding target | 2018-12-31 | 489,002,084 |
Number of active participants | 2018-12-31 | 3,297 |
Total funding liabilities for active participants | 2018-12-31 | 504,476,030 |
Total participant count | 2018-12-31 | 17,966 |
Total funding target for all participants | 2018-12-31 | 1,593,846,041 |
Balance at beginning of prior year after applicable adjustments | 2018-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2018-12-31 | 51,000,000 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2018-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2018-12-31 | 0 |
Amount remaining of carryover balance | 2018-12-31 | 0 |
Amount remaining of prefunding balance | 2018-12-31 | 51,000,000 |
Present value of excess contributions | 2018-12-31 | 137,259,606 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2018-12-31 | 145,193,211 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2018-12-31 | 145,000,000 |
Reductions in caryover balances due to elections or deemed elections | 2018-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2018-12-31 | 0 |
Balance of carryovers at beginning of current year | 2018-12-31 | 0 |
Balance of prefunding at beginning of current year | 2018-12-31 | 205,287,100 |
Total employer contributions | 2018-12-31 | 0 |
Total employee contributions | 2018-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2018-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2018-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2018-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2018-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2018-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2018-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2018-12-31 | 4,317,792 |
Net shortfall amortization installment of oustanding balance | 2018-12-31 | 0 |
Waiver amortization installment | 2018-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2018-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2018-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2018-12-31 | 0 |
Additional cash requirement | 2018-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2018-12-31 | 0 |
Unpaid minimum required contributions for current year | 2018-12-31 | 0 |
Unpaid minimum required contributions for all years | 2018-12-31 | 0 |
Total participants, beginning-of-year | 2018-01-01 | 17,808 |
Total number of active participants reported on line 7a of the Form 5500 | 2018-01-01 | 2,882 |
Number of retired or separated participants receiving benefits | 2018-01-01 | 8,284 |
Number of other retired or separated participants entitled to future benefits | 2018-01-01 | 4,955 |
Total of all active and inactive participants | 2018-01-01 | 16,121 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2018-01-01 | 1,123 |
Total participants | 2018-01-01 | 17,244 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2018-01-01 | 0 |
2017: PHILIPS NORTH AMERICA PENSION PLAN 2017 401k membership |
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Market value of plan assets | 2017-12-31 | 1,667,677,559 |
Acturial value of plan assets | 2017-12-31 | 1,667,677,559 |
Funding target for retired participants and beneficiaries receiving payment | 2017-12-31 | 802,420,400 |
Number of terminated vested participants | 2017-12-31 | 5,565 |
Fundng target for terminated vested participants | 2017-12-31 | 254,085,890 |
Active participant vested funding target | 2017-12-31 | 524,961,498 |
Number of active participants | 2017-12-31 | 3,690 |
Total funding liabilities for active participants | 2017-12-31 | 543,983,191 |
Total participant count | 2017-12-31 | 18,542 |
Total funding target for all participants | 2017-12-31 | 1,600,489,481 |
Balance at beginning of prior year after applicable adjustments | 2017-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2017-12-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2017-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2017-12-31 | 0 |
Amount remaining of carryover balance | 2017-12-31 | 0 |
Amount remaining of prefunding balance | 2017-12-31 | 0 |
Present value of excess contributions | 2017-12-31 | 226,623,255 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2017-12-31 | 240,152,663 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2017-12-31 | 51,000,000 |
Balance of carryovers at beginning of current year | 2017-12-31 | 0 |
Balance of prefunding at beginning of current year | 2017-12-31 | 51,000,000 |
Total employer contributions | 2017-12-31 | 150,000,000 |
Total employee contributions | 2017-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2017-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2017-12-31 | 181,077 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2017-12-31 | 137,259,606 |
Liquidity shortfalls end of Q1 | 2017-12-31 | 0 |
Liquidity shortfalls end of Q2 | 2017-12-31 | 0 |
Liquidity shortfalls end of Q3 | 2017-12-31 | 0 |
Liquidity shortfalls end of Q4 | 2017-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2017-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2017-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2017-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2017-12-31 | 15,722,409 |
Net shortfall amortization installment of oustanding balance | 2017-12-31 | 0 |
Waiver amortization installment | 2017-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2017-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2017-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2017-12-31 | 0 |
Additional cash requirement | 2017-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2017-12-31 | 137,259,606 |
Unpaid minimum required contributions for current year | 2017-12-31 | 0 |
Unpaid minimum required contributions for all years | 2017-12-31 | 0 |
Total participants, beginning-of-year | 2017-01-01 | 18,394 |
Total number of active participants reported on line 7a of the Form 5500 | 2017-01-01 | 3,297 |
Number of retired or separated participants receiving benefits | 2017-01-01 | 8,301 |
Number of other retired or separated participants entitled to future benefits | 2017-01-01 | 5,148 |
Total of all active and inactive participants | 2017-01-01 | 16,746 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2017-01-01 | 1,062 |
Total participants | 2017-01-01 | 17,808 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2017-01-01 | 0 |
2016: PHILIPS NORTH AMERICA PENSION PLAN 2016 401k membership |
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Market value of plan assets | 2016-12-31 | 1,543,037,690 |
Acturial value of plan assets | 2016-12-31 | 1,543,037,690 |
Funding target for retired participants and beneficiaries receiving payment | 2016-12-31 | 771,943,357 |
Number of terminated vested participants | 2016-12-31 | 6,064 |
Fundng target for terminated vested participants | 2016-12-31 | 263,352,790 |
Active participant vested funding target | 2016-12-31 | 533,577,885 |
Number of active participants | 2016-12-31 | 3,924 |
Total funding liabilities for active participants | 2016-12-31 | 556,413,332 |
Total participant count | 2016-12-31 | 19,155 |
Total funding target for all participants | 2016-12-31 | 1,591,709,479 |
Balance at beginning of prior year after applicable adjustments | 2016-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2016-12-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2016-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2016-12-31 | 0 |
Amount remaining of carryover balance | 2016-12-31 | 0 |
Amount remaining of prefunding balance | 2016-12-31 | 0 |
Present value of excess contributions | 2016-12-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2016-12-31 | 14,387,942 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2016-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2016-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2016-12-31 | 0 |
Balance of carryovers at beginning of current year | 2016-12-31 | 0 |
Balance of prefunding at beginning of current year | 2016-12-31 | 0 |
Total employer contributions | 2016-12-31 | 254,890,000 |
Total employee contributions | 2016-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2016-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2016-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2016-12-31 | 232,960,575 |
Unpaid minimum required contributions for all prior years | 2016-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2016-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2016-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2016-12-31 | 1,120,782 |
Net shortfall amortization installment of oustanding balance | 2016-12-31 | 31,572,627 |
Waiver amortization installment | 2016-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2016-12-31 | 6,337,320 |
Carryover balance elected to use to offset funding requirement | 2016-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2016-12-31 | 0 |
Additional cash requirement | 2016-12-31 | 6,337,320 |
Contributions allocatedtoward minimum required contributions for current year | 2016-12-31 | 232,960,575 |
Unpaid minimum required contributions for current year | 2016-12-31 | 0 |
Unpaid minimum required contributions for all years | 2016-12-31 | 0 |
Total participants, beginning-of-year | 2016-08-01 | 18,581 |
Total number of active participants reported on line 7a of the Form 5500 | 2016-08-01 | 3,690 |
Number of retired or separated participants receiving benefits | 2016-08-01 | 8,345 |
Number of other retired or separated participants entitled to future benefits | 2016-08-01 | 5,383 |
Total of all active and inactive participants | 2016-08-01 | 17,418 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2016-08-01 | 976 |
Total participants | 2016-08-01 | 18,394 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2016-08-01 | 0 |
Measure | Date | Value |
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2023 : PHILIPS NORTH AMERICA PENSION PLAN 2023 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2023-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $146,898 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $103,080 |
Total income from all sources (including contributions) | 2023-12-31 | $50,033,785 |
Total loss/gain on sale of assets | 2023-12-31 | $0 |
Total of all expenses incurred | 2023-12-31 | $65,482,939 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $64,102,070 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $0 |
Value of total assets at end of year | 2023-12-31 | $489,016,684 |
Value of total assets at beginning of year | 2023-12-31 | $504,422,020 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $1,380,869 |
Total interest from all sources | 2023-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
Value of fidelity bond cover | 2023-12-31 | $2,000,000 |
Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
Administrative expenses (other) incurred | 2023-12-31 | $664,064 |
Liabilities. Value of operating payables at end of year | 2023-12-31 | $146,898 |
Liabilities. Value of operating payables at beginning of year | 2023-12-31 | $103,080 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
Value of net income/loss | 2023-12-31 | $-15,449,154 |
Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $488,869,786 |
Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $504,318,940 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
Value of interest in master investment trust accounts at end of year | 2023-12-31 | $489,016,684 |
Value of interest in master investment trust accounts at beginning of year | 2023-12-31 | $504,422,020 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $64,102,070 |
Did the plan have assets held for investment | 2023-12-31 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
Accountancy firm name | 2023-12-31 | JOHNSON O'CONNOR FERON & CARUCCI LL |
Accountancy firm EIN | 2023-12-31 | 203985546 |
Total unrealized appreciation/depreciation of assets | 2023-01-01 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $146,898 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $103,080 |
Total income from all sources (including contributions) | 2023-01-01 | $50,033,785 |
Total loss/gain on sale of assets | 2023-01-01 | $0 |
Total of all expenses incurred | 2023-01-01 | $65,482,939 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $64,102,070 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $0 |
Value of total assets at end of year | 2023-01-01 | $489,016,684 |
Value of total assets at beginning of year | 2023-01-01 | $504,422,020 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $1,380,869 |
Total interest from all sources | 2023-01-01 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
Value of fidelity bond cover | 2023-01-01 | $2,000,000 |
Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
Administrative expenses (other) incurred | 2023-01-01 | $664,064 |
Liabilities. Value of operating payables at end of year | 2023-01-01 | $146,898 |
Liabilities. Value of operating payables at beginning of year | 2023-01-01 | $103,080 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
Value of net income/loss | 2023-01-01 | $-15,449,154 |
Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $488,869,786 |
Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $504,318,940 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
Value of interest in master investment trust accounts at end of year | 2023-01-01 | $489,016,684 |
Value of interest in master investment trust accounts at beginning of year | 2023-01-01 | $504,422,020 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | No |
Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | No |
Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $64,102,070 |
Did the plan have assets held for investment | 2023-01-01 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
Accountancy firm name | 2023-01-01 | JOHNSON O'CONNOR FERON & CARUCCI LL |
Accountancy firm EIN | 2023-01-01 | 203985546 |
2022 : PHILIPS NORTH AMERICA PENSION PLAN 2022 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $103,080 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $295,939 |
Total income from all sources (including contributions) | 2022-12-31 | $-135,368,495 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $65,578,182 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $64,153,407 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $0 |
Value of total assets at end of year | 2022-12-31 | $504,422,020 |
Value of total assets at beginning of year | 2022-12-31 | $705,561,556 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $1,424,775 |
Total interest from all sources | 2022-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Administrative expenses professional fees incurred | 2022-12-31 | $408,980 |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $2,000,000 |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Administrative expenses (other) incurred | 2022-12-31 | $1,015,795 |
Liabilities. Value of operating payables at end of year | 2022-12-31 | $103,080 |
Liabilities. Value of operating payables at beginning of year | 2022-12-31 | $295,939 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-200,946,677 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $504,318,940 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $705,265,617 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Value of interest in master investment trust accounts at end of year | 2022-12-31 | $504,422,020 |
Value of interest in master investment trust accounts at beginning of year | 2022-12-31 | $705,561,556 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $64,153,407 |
Did the plan have assets held for investment | 2022-12-31 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | JOHNSON O'CONNOR FERON & CARUCCI LL |
Accountancy firm EIN | 2022-12-31 | 203985546 |
Total unrealized appreciation/depreciation of assets | 2022-01-01 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $103,080 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $295,939 |
Total income from all sources (including contributions) | 2022-01-01 | $-135,368,495 |
Total loss/gain on sale of assets | 2022-01-01 | $0 |
Total of all expenses incurred | 2022-01-01 | $65,578,182 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $64,153,407 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $0 |
Value of total assets at end of year | 2022-01-01 | $504,422,020 |
Value of total assets at beginning of year | 2022-01-01 | $705,561,556 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $1,424,775 |
Total interest from all sources | 2022-01-01 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
Administrative expenses professional fees incurred | 2022-01-01 | $408,980 |
Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
Value of fidelity bond cover | 2022-01-01 | $2,000,000 |
Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
Administrative expenses (other) incurred | 2022-01-01 | $1,015,795 |
Liabilities. Value of operating payables at end of year | 2022-01-01 | $103,080 |
Liabilities. Value of operating payables at beginning of year | 2022-01-01 | $295,939 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
Value of net income/loss | 2022-01-01 | $-200,946,677 |
Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $504,318,940 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $705,265,617 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
Value of interest in master investment trust accounts at end of year | 2022-01-01 | $504,422,020 |
Value of interest in master investment trust accounts at beginning of year | 2022-01-01 | $705,561,556 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $64,153,407 |
Did the plan have assets held for investment | 2022-01-01 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
Accountancy firm name | 2022-01-01 | JOHNSON O'CONNOR FERON & CARUCCI LL |
Accountancy firm EIN | 2022-01-01 | 203985546 |
2021 : PHILIPS NORTH AMERICA PENSION PLAN 2021 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $295,939 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $868,684 |
Total income from all sources (including contributions) | 2021-12-31 | $-1,440,604 |
Total loss/gain on sale of assets | 2021-12-31 | $0 |
Total of all expenses incurred | 2021-12-31 | $65,236,450 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $63,839,357 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $0 |
Value of total assets at end of year | 2021-12-31 | $705,561,556 |
Value of total assets at beginning of year | 2021-12-31 | $772,811,355 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $1,397,093 |
Total interest from all sources | 2021-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Administrative expenses professional fees incurred | 2021-12-31 | $624,051 |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $2,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-12-31 | $0 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-12-31 | $19,337,385 |
Administrative expenses (other) incurred | 2021-12-31 | $773,042 |
Liabilities. Value of operating payables at end of year | 2021-12-31 | $295,939 |
Liabilities. Value of operating payables at beginning of year | 2021-12-31 | $868,684 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $-66,677,054 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $705,265,617 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $771,942,671 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Value of interest in master investment trust accounts at end of year | 2021-12-31 | $705,561,556 |
Value of interest in master investment trust accounts at beginning of year | 2021-12-31 | $753,473,970 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $63,839,357 |
Did the plan have assets held for investment | 2021-12-31 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | JOHNSON O'CONNOR FERON & CARUCCI LL |
Accountancy firm EIN | 2021-12-31 | 203985546 |
2020 : PHILIPS NORTH AMERICA PENSION PLAN 2020 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $868,684 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $866,671 |
Total income from all sources (including contributions) | 2020-12-31 | $339,048,322 |
Total loss/gain on sale of assets | 2020-12-31 | $0 |
Total of all expenses incurred | 2020-12-31 | $1,519,452,396 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $1,514,889,016 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $0 |
Value of total assets at end of year | 2020-12-31 | $772,811,355 |
Value of total assets at beginning of year | 2020-12-31 | $1,953,213,416 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $4,563,380 |
Total interest from all sources | 2020-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Administrative expenses professional fees incurred | 2020-12-31 | $354,961 |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $1,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-12-31 | $19,337,385 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-12-31 | $0 |
Administrative expenses (other) incurred | 2020-12-31 | $2,689,021 |
Liabilities. Value of operating payables at end of year | 2020-12-31 | $868,684 |
Liabilities. Value of operating payables at beginning of year | 2020-12-31 | $866,671 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $-1,180,404,074 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $771,942,671 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $1,952,346,745 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
Investment advisory and management fees | 2020-12-31 | $1,519,398 |
Value of interest in master investment trust accounts at end of year | 2020-12-31 | $753,473,970 |
Value of interest in master investment trust accounts at beginning of year | 2020-12-31 | $1,953,213,416 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2020-12-31 | $1,260,071,043 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $254,817,973 |
Did the plan have assets held for investment | 2020-12-31 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
Accountancy firm name | 2020-12-31 | JOHNSON O'CONNOR FERON & CARUCCI LL |
Accountancy firm EIN | 2020-12-31 | 203985546 |
2019 : PHILIPS NORTH AMERICA PENSION PLAN 2019 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $866,671 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $866,671 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $440,055 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $440,055 |
Total income from all sources (including contributions) | 2019-12-31 | $380,619,051 |
Total income from all sources (including contributions) | 2019-12-31 | $380,619,051 |
Total loss/gain on sale of assets | 2019-12-31 | $0 |
Total loss/gain on sale of assets | 2019-12-31 | $0 |
Total of all expenses incurred | 2019-12-31 | $137,306,298 |
Total of all expenses incurred | 2019-12-31 | $137,306,298 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $131,187,596 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $131,187,596 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $0 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $0 |
Value of total assets at end of year | 2019-12-31 | $1,953,213,416 |
Value of total assets at end of year | 2019-12-31 | $1,953,213,416 |
Value of total assets at beginning of year | 2019-12-31 | $1,709,474,047 |
Value of total assets at beginning of year | 2019-12-31 | $1,709,474,047 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $6,118,702 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $6,118,702 |
Total interest from all sources | 2019-12-31 | $0 |
Total interest from all sources | 2019-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
Administrative expenses professional fees incurred | 2019-12-31 | $410,469 |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $1,000,000 |
Value of fidelity bond cover | 2019-12-31 | $1,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Administrative expenses (other) incurred | 2019-12-31 | $4,920,384 |
Liabilities. Value of operating payables at end of year | 2019-12-31 | $866,671 |
Liabilities. Value of operating payables at end of year | 2019-12-31 | $866,671 |
Liabilities. Value of operating payables at beginning of year | 2019-12-31 | $440,055 |
Liabilities. Value of operating payables at beginning of year | 2019-12-31 | $440,055 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Value of net income/loss | 2019-12-31 | $243,312,753 |
Value of net income/loss | 2019-12-31 | $243,312,753 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $1,952,346,745 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $1,952,346,745 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $1,709,033,992 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $1,709,033,992 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Investment advisory and management fees | 2019-12-31 | $787,849 |
Investment advisory and management fees | 2019-12-31 | $787,849 |
Value of interest in master investment trust accounts at end of year | 2019-12-31 | $1,953,213,416 |
Value of interest in master investment trust accounts at end of year | 2019-12-31 | $1,953,213,416 |
Value of interest in master investment trust accounts at beginning of year | 2019-12-31 | $1,709,474,047 |
Value of interest in master investment trust accounts at beginning of year | 2019-12-31 | $1,709,474,047 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $131,187,596 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $131,187,596 |
Did the plan have assets held for investment | 2019-12-31 | No |
Did the plan have assets held for investment | 2019-12-31 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
Accountancy firm name | 2019-12-31 | JOHNSON O'CONNOR FERON & CARUCCI LL |
Accountancy firm name | 2019-12-31 | JOHNSON O'CONNOR FERON & CARUCCI LL |
Accountancy firm EIN | 2019-12-31 | 203985546 |
Accountancy firm EIN | 2019-12-31 | 203985546 |
2018 : PHILIPS NORTH AMERICA PENSION PLAN 2018 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2018-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $440,055 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-12-31 | $134,706 |
Total income from all sources (including contributions) | 2018-12-31 | $-91,330,043 |
Total loss/gain on sale of assets | 2018-12-31 | $0 |
Total of all expenses incurred | 2018-12-31 | $154,463,042 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $149,890,094 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $0 |
Value of total assets at end of year | 2018-12-31 | $1,709,474,047 |
Value of total assets at beginning of year | 2018-12-31 | $1,954,961,783 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $4,572,948 |
Total interest from all sources | 2018-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
Administrative expenses professional fees incurred | 2018-12-31 | $242,864 |
Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
Value of fidelity bond cover | 2018-12-31 | $1,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
Administrative expenses (other) incurred | 2018-12-31 | $2,983,968 |
Liabilities. Value of operating payables at end of year | 2018-12-31 | $440,055 |
Liabilities. Value of operating payables at beginning of year | 2018-12-31 | $134,706 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Value of net income/loss | 2018-12-31 | $-245,793,085 |
Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $1,709,033,992 |
Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $1,954,827,077 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
Investment advisory and management fees | 2018-12-31 | $1,346,116 |
Value of interest in master investment trust accounts at end of year | 2018-12-31 | $1,709,474,047 |
Value of interest in master investment trust accounts at beginning of year | 2018-12-31 | $1,804,961,783 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
Employer contributions (assets) at end of year | 2018-12-31 | $0 |
Employer contributions (assets) at beginning of year | 2018-12-31 | $150,000,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $149,890,094 |
Did the plan have assets held for investment | 2018-12-31 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
Accountancy firm name | 2018-12-31 | JOHNSON O'CONNOR FERON & CARUCCI LL |
Accountancy firm EIN | 2018-12-31 | 203985546 |
2017 : PHILIPS NORTH AMERICA PENSION PLAN 2017 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2017-12-31 | $0 |
Total transfer of assets to this plan | 2017-12-31 | $79,094 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $134,706 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $213,176 |
Total income from all sources (including contributions) | 2017-12-31 | $417,715,192 |
Total loss/gain on sale of assets | 2017-12-31 | $0 |
Total of all expenses incurred | 2017-12-31 | $138,591,306 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $123,265,466 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $150,000,000 |
Value of total assets at end of year | 2017-12-31 | $1,954,961,783 |
Value of total assets at beginning of year | 2017-12-31 | $1,675,837,273 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $15,325,840 |
Total interest from all sources | 2017-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2017-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | No |
Administrative expenses professional fees incurred | 2017-12-31 | $196,130 |
Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
Value of fidelity bond cover | 2017-12-31 | $1,000,000 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2017-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
Administrative expenses (other) incurred | 2017-12-31 | $14,052,360 |
Liabilities. Value of operating payables at end of year | 2017-12-31 | $134,706 |
Liabilities. Value of operating payables at beginning of year | 2017-12-31 | $213,176 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
Value of net income/loss | 2017-12-31 | $279,123,886 |
Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $1,954,827,077 |
Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $1,675,624,097 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
Investment advisory and management fees | 2017-12-31 | $1,077,350 |
Value of interest in master investment trust accounts at end of year | 2017-12-31 | $1,804,961,783 |
Value of interest in master investment trust accounts at beginning of year | 2017-12-31 | $1,422,637,273 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
Contributions received in cash from employer | 2017-12-31 | $150,000,000 |
Employer contributions (assets) at end of year | 2017-12-31 | $150,000,000 |
Employer contributions (assets) at beginning of year | 2017-12-31 | $253,200,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $123,265,466 |
Did the plan have assets held for investment | 2017-12-31 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Disclaimer |
Accountancy firm name | 2017-12-31 | JOHNSON O'CONNOR FERON & CARUCCI LL |
Accountancy firm EIN | 2017-12-31 | 203985546 |
2016 : PHILIPS NORTH AMERICA PENSION PLAN 2016 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2016-12-31 | $0 |
Total transfer of assets to this plan | 2016-12-31 | $1,675,972,289 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $213,176 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $0 |
Total income from all sources (including contributions) | 2016-12-31 | $52,533,203 |
Total loss/gain on sale of assets | 2016-12-31 | $0 |
Total of all expenses incurred | 2016-12-31 | $52,881,395 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $51,554,987 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $254,890,000 |
Value of total assets at end of year | 2016-12-31 | $1,675,837,273 |
Value of total assets at beginning of year | 2016-12-31 | $0 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $1,326,408 |
Total interest from all sources | 2016-12-31 | $0 |
Total dividends received (eg from common stock, registered investment company shares) | 2016-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
Administrative expenses professional fees incurred | 2016-12-31 | $190,261 |
Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
Value of fidelity bond cover | 2016-12-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2016-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
Administrative expenses (other) incurred | 2016-12-31 | $599,719 |
Liabilities. Value of operating payables at end of year | 2016-12-31 | $213,176 |
Liabilities. Value of operating payables at beginning of year | 2016-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Value of net income/loss | 2016-12-31 | $-348,192 |
Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $1,675,624,097 |
Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $0 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
Investment advisory and management fees | 2016-12-31 | $536,428 |
Value of interest in master investment trust accounts at end of year | 2016-12-31 | $1,422,637,273 |
Value of interest in master investment trust accounts at beginning of year | 2016-12-31 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
Contributions received in cash from employer | 2016-12-31 | $254,890,000 |
Employer contributions (assets) at end of year | 2016-12-31 | $253,200,000 |
Employer contributions (assets) at beginning of year | 2016-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $51,554,987 |
Did the plan have assets held for investment | 2016-12-31 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Disclaimer |
Accountancy firm name | 2016-12-31 | JOHNSON O'CONNOR FERON & CARUCCI LL |
Accountancy firm EIN | 2016-12-31 | 203985546 |