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PHILIPS NORTH AMERICA PENSION PLAN 401k Plan overview

Plan NamePHILIPS NORTH AMERICA PENSION PLAN
Plan identification number 007

PHILIPS NORTH AMERICA PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
  • U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Puerto Rico Code.

401k Sponsoring company profile

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

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

Additional information about PHILIPS NORTH AMERICA LLC

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

More information about PHILIPS NORTH AMERICA LLC

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0072023-01-01KRISTINE FORTIN2024-10-14 KRISTINE FORTIN2024-10-14
0072022-01-01KRISTINE FORTIN2023-10-09 KRISTINE FORTIN2023-10-09
0072021-01-01KRISTINE FORTIN2022-10-12 KRISTINE FORTIN2022-10-12
0072020-01-01KRISTINE FORTIN2021-10-07 KRISTINE FORTIN2021-10-07
0072019-01-01KRISTINE FORTIN2020-10-07 KRISTINE FORTIN2020-10-07
0072018-01-01KRISTINE FORTIN2019-10-05 KRISTINE FORTIN2019-10-05
0072017-01-01
0072016-08-01
0072016-08-01

Plan Statistics for PHILIPS NORTH AMERICA PENSION PLAN

401k plan membership statisitcs for PHILIPS NORTH AMERICA PENSION PLAN

Measure Date Value
2023: PHILIPS NORTH AMERICA PENSION PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-013,153
Total number of active participants reported on line 7a of the Form 55002023-01-011,514
Number of retired or separated participants receiving benefits2023-01-01327
Number of other retired or separated participants entitled to future benefits2023-01-011,019
Total of all active and inactive participants2023-01-012,860
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-01131
Total participants2023-01-012,991
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: PHILIPS NORTH AMERICA PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-31705,265,617
Acturial value of plan assets2022-12-31637,164,702
Funding target for retired participants and beneficiaries receiving payment2022-12-3140,815,001
Number of terminated vested participants2022-12-311,224
Fundng target for terminated vested participants2022-12-3198,227,126
Active participant vested funding target2022-12-31324,475,011
Number of active participants2022-12-311,976
Total funding liabilities for active participants2022-12-31331,489,900
Total participant count2022-12-313,408
Total funding target for all participants2022-12-31470,532,027
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31209,570,141
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31209,570,141
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-3145,000,000
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31164,151,001
Total employer contributions2022-12-310
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-311,400,000
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-013,356
Total number of active participants reported on line 7a of the Form 55002022-01-011,670
Number of retired or separated participants receiving benefits2022-01-01254
Number of other retired or separated participants entitled to future benefits2022-01-011,095
Total of all active and inactive participants2022-01-013,019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-01134
Total participants2022-01-013,153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: PHILIPS NORTH AMERICA PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-31771,507,717
Acturial value of plan assets2021-12-31694,356,946
Funding target for retired participants and beneficiaries receiving payment2021-12-3115,160,521
Number of terminated vested participants2021-12-311,294
Fundng target for terminated vested participants2021-12-31107,531,413
Active participant vested funding target2021-12-31347,784,347
Number of active participants2021-12-312,230
Total funding liabilities for active participants2021-12-31357,197,362
Total participant count2021-12-313,625
Total funding target for all participants2021-12-31479,889,296
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31184,388,765
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31184,388,765
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-3110,000,000
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-31209,570,141
Total employer contributions2021-12-310
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-311,807,106
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-013,571
Total number of active participants reported on line 7a of the Form 55002021-01-011,976
Number of retired or separated participants receiving benefits2021-01-01167
Number of other retired or separated participants entitled to future benefits2021-01-011,054
Total of all active and inactive participants2021-01-013,197
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-01159
Total participants2021-01-013,356
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: PHILIPS NORTH AMERICA PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-311,952,346,745
Acturial value of plan assets2020-12-311,817,654,320
Funding target for retired participants and beneficiaries receiving payment2020-12-31889,555,345
Number of terminated vested participants2020-12-314,836
Fundng target for terminated vested participants2020-12-31285,586,912
Active participant vested funding target2020-12-31398,939,114
Number of active participants2020-12-312,549
Total funding liabilities for active participants2020-12-31410,082,164
Total participant count2020-12-3116,858
Total funding target for all participants2020-12-311,585,224,421
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31149,714,814
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-31149,714,814
Present value of excess contributions2020-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-31184,388,765
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-314,385,187
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-0116,689
Total number of active participants reported on line 7a of the Form 55002020-01-012,230
Number of retired or separated participants receiving benefits2020-01-0165
Number of other retired or separated participants entitled to future benefits2020-01-011,115
Total of all active and inactive participants2020-01-013,410
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-01161
Total participants2020-01-013,571
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: PHILIPS NORTH AMERICA PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-311,709,033,992
Acturial value of plan assets2019-12-311,775,757,909
Funding target for retired participants and beneficiaries receiving payment2019-12-31869,706,300
Number of terminated vested participants2019-12-315,152
Fundng target for terminated vested participants2019-12-31287,069,134
Active participant vested funding target2019-12-31444,661,309
Number of active participants2019-12-312,882
Total funding liabilities for active participants2019-12-31457,209,361
Total participant count2019-12-3117,409
Total funding target for all participants2019-12-311,613,984,795
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31205,287,100
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-31205,287,100
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-3145,000,000
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-31149,714,814
Total employer contributions2019-12-310
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-317,430,327
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-01-0117,244
Total number of active participants reported on line 7a of the Form 55002019-01-012,549
Number of retired or separated participants receiving benefits2019-01-018,327
Number of other retired or separated participants entitled to future benefits2019-01-014,644
Total of all active and inactive participants2019-01-0115,520
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-011,169
Total participants2019-01-0116,689
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: PHILIPS NORTH AMERICA PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-311,950,020,288
Acturial value of plan assets2018-12-311,861,993,334
Funding target for retired participants and beneficiaries receiving payment2018-12-31826,769,324
Number of terminated vested participants2018-12-315,321
Fundng target for terminated vested participants2018-12-31262,600,687
Active participant vested funding target2018-12-31489,002,084
Number of active participants2018-12-313,297
Total funding liabilities for active participants2018-12-31504,476,030
Total participant count2018-12-3117,966
Total funding target for all participants2018-12-311,593,846,041
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-3151,000,000
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-3151,000,000
Present value of excess contributions2018-12-31137,259,606
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31145,193,211
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-31145,000,000
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31205,287,100
Total employer contributions2018-12-310
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-314,317,792
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
Total participants, beginning-of-year2018-01-0117,808
Total number of active participants reported on line 7a of the Form 55002018-01-012,882
Number of retired or separated participants receiving benefits2018-01-018,284
Number of other retired or separated participants entitled to future benefits2018-01-014,955
Total of all active and inactive participants2018-01-0116,121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011,123
Total participants2018-01-0117,244
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: PHILIPS NORTH AMERICA PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-311,667,677,559
Acturial value of plan assets2017-12-311,667,677,559
Funding target for retired participants and beneficiaries receiving payment2017-12-31802,420,400
Number of terminated vested participants2017-12-315,565
Fundng target for terminated vested participants2017-12-31254,085,890
Active participant vested funding target2017-12-31524,961,498
Number of active participants2017-12-313,690
Total funding liabilities for active participants2017-12-31543,983,191
Total participant count2017-12-3118,542
Total funding target for all participants2017-12-311,600,489,481
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-31226,623,255
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31240,152,663
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-3151,000,000
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-3151,000,000
Total employer contributions2017-12-31150,000,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-31181,077
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31137,259,606
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-3115,722,409
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31137,259,606
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
Total participants, beginning-of-year2017-01-0118,394
Total number of active participants reported on line 7a of the Form 55002017-01-013,297
Number of retired or separated participants receiving benefits2017-01-018,301
Number of other retired or separated participants entitled to future benefits2017-01-015,148
Total of all active and inactive participants2017-01-0116,746
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-011,062
Total participants2017-01-0117,808
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: PHILIPS NORTH AMERICA PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-311,543,037,690
Acturial value of plan assets2016-12-311,543,037,690
Funding target for retired participants and beneficiaries receiving payment2016-12-31771,943,357
Number of terminated vested participants2016-12-316,064
Fundng target for terminated vested participants2016-12-31263,352,790
Active participant vested funding target2016-12-31533,577,885
Number of active participants2016-12-313,924
Total funding liabilities for active participants2016-12-31556,413,332
Total participant count2016-12-3119,155
Total funding target for all participants2016-12-311,591,709,479
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3114,387,942
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31254,890,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31232,960,575
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-311,120,782
Net shortfall amortization installment of oustanding balance2016-12-3131,572,627
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-316,337,320
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-316,337,320
Contributions allocatedtoward minimum required contributions for current year2016-12-31232,960,575
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-08-0118,581
Total number of active participants reported on line 7a of the Form 55002016-08-013,690
Number of retired or separated participants receiving benefits2016-08-018,345
Number of other retired or separated participants entitled to future benefits2016-08-015,383
Total of all active and inactive participants2016-08-0117,418
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-08-01976
Total participants2016-08-0118,394
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-08-010

Financial Data on PHILIPS NORTH AMERICA PENSION PLAN

Measure Date Value
2024 : PHILIPS NORTH AMERICA PENSION PLAN 2024 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2024-01-01$309,723
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2024-01-01$146,898
Total income from all sources (including contributions)2024-01-01$13,049,789
Total of all expenses incurred2024-01-01$25,652,231
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2024-01-01$24,309,172
Value of total assets at end of year2024-01-01$476,577,067
Value of total assets at beginning of year2024-01-01$489,016,684
Total of administrative expenses incurred including professional, contract, advisory and management fees2024-01-01$1,343,059
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2024-01-01Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2024-01-01$0
Was this plan covered by a fidelity bond2024-01-01Yes
Value of fidelity bond cover2024-01-01$2,000,000
Were there any nonexempt tranactions with any party-in-interest2024-01-01No
Administrative expenses (other) incurred2024-01-01$632,800
Liabilities. Value of operating payables at end of year2024-01-01$309,723
Liabilities. Value of operating payables at beginning of year2024-01-01$146,898
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2024-01-01No
Value of net income/loss2024-01-01$-12,602,442
Value of net assets at end of year (total assets less liabilities)2024-01-01$476,267,344
Value of net assets at beginning of year (total assets less liabilities)2024-01-01$488,869,786
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2024-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2024-01-01No
Were any leases to which the plan was party in default or uncollectible2024-01-01No
Value of interest in master investment trust accounts at end of year2024-01-01$476,577,067
Value of interest in master investment trust accounts at beginning of year2024-01-01$489,016,684
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2024-01-01No
Was there a failure to transmit to the plan any participant contributions2024-01-01No
Has the plan failed to provide any benefit when due under the plan2024-01-01No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2024-01-01$24,309,172
Did the plan have assets held for investment2024-01-01No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2024-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2024-01-01No
Opinion of an independent qualified public accountant for this plan2024-01-011
Accountancy firm name2024-01-01JOHNSON O'CONNOR FERON & CARUCCI LL
Accountancy firm EIN2024-01-01203985546
2023 : PHILIPS NORTH AMERICA PENSION PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$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 assets2023-12-31$0
Total of all expenses incurred2023-12-31$65,482,939
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$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 year2023-12-31$489,016,684
Value of total assets at beginning of year2023-12-31$504,422,020
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$1,380,869
Total interest from all sources2023-12-31$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 year2023-12-31No
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$2,000,000
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Administrative expenses (other) incurred2023-12-31$664,064
Liabilities. Value of operating payables at end of year2023-12-31$146,898
Liabilities. Value of operating payables at beginning of year2023-12-31$103,080
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$-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)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in master investment trust accounts at end of year2023-12-31$489,016,684
Value of interest in master investment trust accounts at beginning of year2023-12-31$504,422,020
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$64,102,070
Did the plan have assets held for investment2023-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31JOHNSON O'CONNOR FERON & CARUCCI LL
Accountancy firm EIN2023-12-31203985546
Total unrealized appreciation/depreciation of assets2023-01-01$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 assets2023-01-01$0
Total of all expenses incurred2023-01-01$65,482,939
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$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 year2023-01-01$489,016,684
Value of total assets at beginning of year2023-01-01$504,422,020
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$1,380,869
Total interest from all sources2023-01-01$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 year2023-01-01No
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$2,000,000
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Administrative expenses (other) incurred2023-01-01$664,064
Liabilities. Value of operating payables at end of year2023-01-01$146,898
Liabilities. Value of operating payables at beginning of year2023-01-01$103,080
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$-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)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Value of interest in master investment trust accounts at end of year2023-01-01$489,016,684
Value of interest in master investment trust accounts at beginning of year2023-01-01$504,422,020
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$64,102,070
Did the plan have assets held for investment2023-01-01No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01JOHNSON O'CONNOR FERON & CARUCCI LL
Accountancy firm EIN2023-01-01203985546
2022 : PHILIPS NORTH AMERICA PENSION PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$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 assets2022-12-31$0
Total of all expenses incurred2022-12-31$65,578,182
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$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 year2022-12-31$504,422,020
Value of total assets at beginning of year2022-12-31$705,561,556
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$1,424,775
Total interest from all sources2022-12-31$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 year2022-12-31No
Administrative expenses professional fees incurred2022-12-31$408,980
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$2,000,000
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Administrative expenses (other) incurred2022-12-31$1,015,795
Liabilities. Value of operating payables at end of year2022-12-31$103,080
Liabilities. Value of operating payables at beginning of year2022-12-31$295,939
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-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)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in master investment trust accounts at end of year2022-12-31$504,422,020
Value of interest in master investment trust accounts at beginning of year2022-12-31$705,561,556
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$64,153,407
Did the plan have assets held for investment2022-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31JOHNSON O'CONNOR FERON & CARUCCI LL
Accountancy firm EIN2022-12-31203985546
Total unrealized appreciation/depreciation of assets2022-01-01$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 assets2022-01-01$0
Total of all expenses incurred2022-01-01$65,578,182
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$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 year2022-01-01$504,422,020
Value of total assets at beginning of year2022-01-01$705,561,556
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$1,424,775
Total interest from all sources2022-01-01$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 year2022-01-01No
Administrative expenses professional fees incurred2022-01-01$408,980
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$2,000,000
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Administrative expenses (other) incurred2022-01-01$1,015,795
Liabilities. Value of operating payables at end of year2022-01-01$103,080
Liabilities. Value of operating payables at beginning of year2022-01-01$295,939
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-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)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in master investment trust accounts at end of year2022-01-01$504,422,020
Value of interest in master investment trust accounts at beginning of year2022-01-01$705,561,556
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$64,153,407
Did the plan have assets held for investment2022-01-01No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01JOHNSON O'CONNOR FERON & CARUCCI LL
Accountancy firm EIN2022-01-01203985546
2021 : PHILIPS NORTH AMERICA PENSION PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$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 assets2021-12-31$0
Total of all expenses incurred2021-12-31$65,236,450
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$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 year2021-12-31$705,561,556
Value of total assets at beginning of year2021-12-31$772,811,355
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$1,397,093
Total interest from all sources2021-12-31$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 year2021-12-31No
Administrative expenses professional fees incurred2021-12-31$624,051
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$2,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$19,337,385
Administrative expenses (other) incurred2021-12-31$773,042
Liabilities. Value of operating payables at end of year2021-12-31$295,939
Liabilities. Value of operating payables at beginning of year2021-12-31$868,684
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-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)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in master investment trust accounts at end of year2021-12-31$705,561,556
Value of interest in master investment trust accounts at beginning of year2021-12-31$753,473,970
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$63,839,357
Did the plan have assets held for investment2021-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31JOHNSON O'CONNOR FERON & CARUCCI LL
Accountancy firm EIN2021-12-31203985546
2020 : PHILIPS NORTH AMERICA PENSION PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$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 assets2020-12-31$0
Total of all expenses incurred2020-12-31$1,519,452,396
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$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 year2020-12-31$772,811,355
Value of total assets at beginning of year2020-12-31$1,953,213,416
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$4,563,380
Total interest from all sources2020-12-31$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 year2020-12-31No
Administrative expenses professional fees incurred2020-12-31$354,961
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$19,337,385
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Administrative expenses (other) incurred2020-12-31$2,689,021
Liabilities. Value of operating payables at end of year2020-12-31$868,684
Liabilities. Value of operating payables at beginning of year2020-12-31$866,671
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$-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)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$1,519,398
Value of interest in master investment trust accounts at end of year2020-12-31$753,473,970
Value of interest in master investment trust accounts at beginning of year2020-12-31$1,953,213,416
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$1,260,071,043
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$254,817,973
Did the plan have assets held for investment2020-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31JOHNSON O'CONNOR FERON & CARUCCI LL
Accountancy firm EIN2020-12-31203985546
2019 : PHILIPS NORTH AMERICA PENSION PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$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 assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$137,306,298
Total of all expenses incurred2019-12-31$137,306,298
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$131,187,596
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$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 year2019-12-31$1,953,213,416
Value of total assets at end of year2019-12-31$1,953,213,416
Value of total assets at beginning of year2019-12-31$1,709,474,047
Value of total assets at beginning of year2019-12-31$1,709,474,047
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$6,118,702
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$6,118,702
Total interest from all sources2019-12-31$0
Total interest from all sources2019-12-31$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 year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Administrative expenses professional fees incurred2019-12-31$410,469
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$1,000,000
Value of fidelity bond cover2019-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Administrative expenses (other) incurred2019-12-31$4,920,384
Liabilities. Value of operating payables at end of year2019-12-31$866,671
Liabilities. Value of operating payables at end of year2019-12-31$866,671
Liabilities. Value of operating payables at beginning of year2019-12-31$440,055
Liabilities. Value of operating payables at beginning of year2019-12-31$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 appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$243,312,753
Value of net income/loss2019-12-31$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)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$787,849
Investment advisory and management fees2019-12-31$787,849
Value of interest in master investment trust accounts at end of year2019-12-31$1,953,213,416
Value of interest in master investment trust accounts at end of year2019-12-31$1,953,213,416
Value of interest in master investment trust accounts at beginning of year2019-12-31$1,709,474,047
Value of interest in master investment trust accounts at beginning of year2019-12-31$1,709,474,047
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$131,187,596
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$131,187,596
Did the plan have assets held for investment2019-12-31No
Did the plan have assets held for investment2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31JOHNSON O'CONNOR FERON & CARUCCI LL
Accountancy firm name2019-12-31JOHNSON O'CONNOR FERON & CARUCCI LL
Accountancy firm EIN2019-12-31203985546
Accountancy firm EIN2019-12-31203985546
2018 : PHILIPS NORTH AMERICA PENSION PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$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 assets2018-12-31$0
Total of all expenses incurred2018-12-31$154,463,042
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$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 year2018-12-31$1,709,474,047
Value of total assets at beginning of year2018-12-31$1,954,961,783
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$4,572,948
Total interest from all sources2018-12-31$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 year2018-12-31No
Administrative expenses professional fees incurred2018-12-31$242,864
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Administrative expenses (other) incurred2018-12-31$2,983,968
Liabilities. Value of operating payables at end of year2018-12-31$440,055
Liabilities. Value of operating payables at beginning of year2018-12-31$134,706
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-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)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$1,346,116
Value of interest in master investment trust accounts at end of year2018-12-31$1,709,474,047
Value of interest in master investment trust accounts at beginning of year2018-12-31$1,804,961,783
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Employer contributions (assets) at end of year2018-12-31$0
Employer contributions (assets) at beginning of year2018-12-31$150,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$149,890,094
Did the plan have assets held for investment2018-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31JOHNSON O'CONNOR FERON & CARUCCI LL
Accountancy firm EIN2018-12-31203985546
2017 : PHILIPS NORTH AMERICA PENSION PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total transfer of assets to this plan2017-12-31$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 assets2017-12-31$0
Total of all expenses incurred2017-12-31$138,591,306
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$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 year2017-12-31$1,954,961,783
Value of total assets at beginning of year2017-12-31$1,675,837,273
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$15,325,840
Total interest from all sources2017-12-31$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 year2017-12-31No
Administrative expenses professional fees incurred2017-12-31$196,130
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$1,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Administrative expenses (other) incurred2017-12-31$14,052,360
Liabilities. Value of operating payables at end of year2017-12-31$134,706
Liabilities. Value of operating payables at beginning of year2017-12-31$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 appraiser2017-12-31No
Value of net income/loss2017-12-31$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)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$1,077,350
Value of interest in master investment trust accounts at end of year2017-12-31$1,804,961,783
Value of interest in master investment trust accounts at beginning of year2017-12-31$1,422,637,273
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$150,000,000
Employer contributions (assets) at end of year2017-12-31$150,000,000
Employer contributions (assets) at beginning of year2017-12-31$253,200,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$123,265,466
Did the plan have assets held for investment2017-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31JOHNSON O'CONNOR FERON & CARUCCI LL
Accountancy firm EIN2017-12-31203985546
2016 : PHILIPS NORTH AMERICA PENSION PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total transfer of assets to this plan2016-12-31$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 assets2016-12-31$0
Total of all expenses incurred2016-12-31$52,881,395
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$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 year2016-12-31$1,675,837,273
Value of total assets at beginning of year2016-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$1,326,408
Total interest from all sources2016-12-31$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 year2016-12-31No
Administrative expenses professional fees incurred2016-12-31$190,261
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$1,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Administrative expenses (other) incurred2016-12-31$599,719
Liabilities. Value of operating payables at end of year2016-12-31$213,176
Liabilities. Value of operating payables at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-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)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$536,428
Value of interest in master investment trust accounts at end of year2016-12-31$1,422,637,273
Value of interest in master investment trust accounts at beginning of year2016-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$254,890,000
Employer contributions (assets) at end of year2016-12-31$253,200,000
Employer contributions (assets) at beginning of year2016-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$51,554,987
Did the plan have assets held for investment2016-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31JOHNSON O'CONNOR FERON & CARUCCI LL
Accountancy firm EIN2016-12-31203985546

Form 5500 Responses for PHILIPS NORTH AMERICA PENSION PLAN

2023: PHILIPS NORTH AMERICA PENSION PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: PHILIPS NORTH AMERICA PENSION PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: PHILIPS NORTH AMERICA PENSION PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PHILIPS NORTH AMERICA PENSION PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planYes
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PHILIPS NORTH AMERICA PENSION PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: PHILIPS NORTH AMERICA PENSION PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: PHILIPS NORTH AMERICA PENSION PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PHILIPS NORTH AMERICA PENSION PLAN 2016 form 5500 responses
2016-08-01Type of plan entitySingle employer plan
2016-08-01First time form 5500 has been submittedYes
2016-08-01Submission has been amendedNo
2016-08-01This submission is the final filingNo
2016-08-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-08-01Plan is a collectively bargained planYes
2016-08-01Plan funding arrangement – TrustYes
2016-08-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

METLIFE, INC (National Association of Insurance Commissioners NAIC id number: 97136 )
Policy contract number39175
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number2-21778
Policy instance 2
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number2-21779
Policy instance 3

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