Defined Benefit (Pension) · DOL Form 5500 · 2022
Philips North America LLC Pension Plan
Data updated 2026-08-25
- $504M
- Total assets Above avg plan size
- 1,976
- Participants Near avg headcount
- 98th
- Percentile by assets National rank
- $255,274
- Avg per participant Above avg balance/head
Official DOL plan name: Philips North America Pension Plan · Sponsored by Philips North America LLC · Massachusetts · Manufacturing
$504M in assets, 1,976 participants
Philips North America LLC's Philips North America Pension Plan reported $504M in total assets and 1,976 participants in its 2022 DOL Form 5500 filing, ranking in the 98th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #19,879 in Manufacturing (20,602 peers)
Coverage in Massachusetts
Philips North America Pension Plan covers 1,976 participants in Massachusetts, 3.0x the typical Massachusetts plan (state average ~659 per filing). Assets: $504M.
- #19,879
- in Manufacturing (20,602 peers)
- -28.5%
- assets change YoY
- 5.1×
- vs typical plan assets (national mean)
The plan reported a net loss of $201M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Philips North America Pension Plan's outsized position by total assets
Philips North America Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$504,422,020 Top 2% higher than 98% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Philips North America Pension Plan's large-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Philips North America Pension Plan lands in the large band (1,976 participants).
EBSA filing schedule strip
Filing strip 133429115 · Philips North America LLC PY 2022 · Defined Benefit (Pension)
Philips North America Pension Plan · $504M · 1,976 · 98th
- IND $504M
- IND 1,976
- IND 98th
- IND Defined Benefit (Pension)
- IND near Teamsters Local Union No. 727 Pension Plan
- IND ind #19879
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Massachusetts →
Philips North America Pension Plan in the asset neighbourhood
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $706M |
|---|---|
| Net Assets (End of Year) | $504M |
| Net Income | -$201M |
| Employer EIN | 133429115 |
| Plan Effective Date | 2016-08-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Philips North America LLC)
Sponsor-wide plan assets over time
All Philips North America LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- $6.8B 20.38353868074197% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 21,726 | $5.7B |
| 2023 | 2 | 20,790 | $6.3B |
| 2024 | 2 | 19,902 | $6.8B |
Nearby Defined Benefit (Pension) Plans in Massachusetts
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Consolidated Cash Balance Program of Mass General Brigham and Member Organizations $9.1B · 55,495
- Liberty Mutual Retirement Benefit Plan $6.8B · 33,087
- Massachusetts Institute of Technology Basic Retirement Plan $5.3B · 11,835
- N. Atlantic States Carp. Pension Fund $4.8B · 17,323
- N. Atlantic States Carp. Guaranteed Annuity Fund $3.6B · 10,962
Philips North America Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Massachusetts, the nearest Defined Benefit (Pension) by assets is Teamsters Local Union No. 727 Pension Plan in IL ($505M); by covered participants it is University of Maryland Medical System Corporation Pension Plan in MD (1,978 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($504M here).
- Teamsters Local Union No. 727 Pension Plan (IL) $505M · 2,423
- Munich Reinsurance America, Inc. Pension Plan (NJ) $504M · 349
- Yale-New Haven Hospital Cash Account Pension Plan (CT) $505M · 16,544
- Retirement Plan for Employees of United Jewish (NY) $506M · 5,049
Similar participant headcount
Nearest other-state filings by covered participants (1,976 participants); asset peers above are excluded.
- University of Maryland Medical System Corporation Pension Plan (MD) 1,978 · 2 off
- Medstar Health, Inc. Pension Equity Plan (MD) 1,971 · 5 off
- Colony Brands, Inc. Pension Plan (WI) 1,982 · 6 off
- U.a. Local No. 393 Defined Benefit Pension Plan (CA) 1,970 · 6 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.