401(k) · DOL Form 5500 · 2022
Philips North America LLC 401(k) Plan
Data updated 2026-08-06
- $5.2B
- Total assets
- 19,750
- Participants
- 100th
- Percentile by assets
- $262,291
- Avg per participant
Official DOL plan name: Philips North America 401(k) Plan · Sponsored by Philips North America LLC · Massachusetts · Manufacturing
$5.2B in assets, 19,750 participants
Philips North America LLC's Philips North America 401(k) Plan reported $5.2B in total assets and 19,750 participants in its 2022 DOL Form 5500 filing, ranking in the 100th 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.
- 100th percentile by assets (of 139,258 plans)
- #20,535 in Manufacturing (20,629 peers)
Coverage in Massachusetts
Philips North America 401(k) Plan covers 19,750 participants in Massachusetts, 31x the typical Massachusetts plan (state average ~641 per filing). Assets: $5.2B.
- $5.2B
- total plan assets (2022 EOY)
- 19,750
- covered participants
- 100th
- percentile by assets (of 139,258 plans)
- $262,291
- avg assets per participant
The plan reported a net loss of $1.2B 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 641 participants across 3,941 plans. Philips North America 401(k) Plan reports 19,750 participants - 31x that state average ($5.2B EOY assets).
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $6.4B |
|---|---|
| Net Assets (End of Year) | $5.2B |
| Net Income | -$1.2B |
| Employer EIN | 133429115 |
| Plan Effective Date | 1980-01-01 |
| 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 401(k) Plans in Massachusetts
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Philips North America 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
- Fidelity Retirement Savings Plan $23.0B · 52,036
- Liberty Mutual 401(k) Plan $8.8B · 32,843
- Massachusetts Institute of Technology Supplemental 401(k) Plan $5.8B · 13,690
- Boston Scientific Corporation 401(k) Retirement Savings Plan $4.9B · 18,359
- State Street Salary Savings Program $4.8B · 12,421
Scale composition for Philips North America 401(k) Plan
Philips North America 401(k) Plan reports $5.2B in end-of-year assets across 19,750 participants (0.044% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.022% of 89,805,449 covered participants) - about $262,291 per participant (1.9x the national average assets-per-participant) . Net income for plan year 2022 was -$1.2B.
This plan identity (EIN 133429115, plan #005) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $5.2B to $6.4B (+22.9%) while covered participants moved from 19,750 to 18,388 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 19,750 | $5.2B | This page |
| 2023 | 19,120 | $5.8B | Open filing |
| 2024 · index core | 18,388 | $6.4B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Philips North America 401(k) Plan (401(k), $6.4B, 18,388 participants)
- Philips North America Pension Plan (Defined Benefit (Pension), $477M, 1,514 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Philips North America 401(k) Plan by total assets, not by location.
- Exelon Corporation Employee Savings Plan (IL) $5.2B · 31,774
- 401(k) Savings and Profit Sharing Plan for Employees of Nike, Inc. (OR) $5.2B · 36,913
- National Grid USA Co. Incentive Thrift Plan (NY) $5.2B · 20,346
- Elevator Constructors Annuity and 401(k) Retirement Plan (PA) $5.2B · 32,089
Frequently Asked Questions
How did Philips North America 401(k) Plan assets move in 2022? ▼
How have Philips North America LLC plan assets changed over time? ▼
Where does Philips North America 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Philips North America 401(k) Plan? ▼
Next read for Philips North America 401(k) Plan
Filing takeaways
Ways to act on Philips North America 401(k) Plan's numbers.
- By total assets, Philips North America 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) 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