Defined Benefit (Pension) · DOL Form 5500 · 2022
Philips North America LLC Pension Plan
Data updated 2026-08-11
- $504M
- Total assets
- 1,976
- Participants
- 98th
- Percentile by assets
- $255,274
- Avg per participant
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.
- 98th percentile by assets (of 139,126 plans)
- #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.
- $504M
- total plan assets (2022 EOY)
- 1,976
- covered participants
- 98th
- percentile by assets (of 139,126 plans)
- $255,274
- avg assets per participant
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.
Participants vs Massachusetts filers
In Massachusetts, the average filing covers about 659 participants across 4,265 plans. Philips North America Pension Plan reports 1,976 participants - 3.0x that state average ($504M EOY assets).
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)
| 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.
Philips North America Pension Plan vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants
- 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
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Philips North America Pension Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Philips North America Pension Plan assets move in 2022? ▼
How have Philips North America LLC plan assets changed over time? ▼
Where does Philips North America Pension Plan rank by assets among Form 5500 filers? ▼
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Next read for Philips North America Pension Plan
Filing takeaways
Ways to act on Philips North America Pension Plan's numbers.
- By total assets, Philips North America Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Massachusetts. Compare plans
- Philips North America LLC's sponsor-wide assets have grown 20.4% since 2022 across 3 plan years on file. More Manufacturing plans