401(k) · DOL Form 5500 · 2022
Philips North America LLC 401(k) Plan
Data updated 2026-08-25
- $5.2B
- Total assets Very large vs avg
- 19,750
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $262,291
- Avg per participant Above avg balance/head
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.
- #20,508 in Manufacturing (20,602 peers)
Coverage in Massachusetts
Philips North America 401(k) Plan covers 19,750 participants in Massachusetts, 30x the typical Massachusetts plan (state average ~659 per filing). Assets: $5.2B.
- #20,508
- in Manufacturing (20,602 peers)
- -18.9%
- assets change YoY
- 52×
- vs typical plan assets (national mean)
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.
Philips North America 401(k) Plan's outsized position by total assets
Philips North America 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$5,180,251,859 Highest reported value at or above every one 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 401(k) Plan's mega-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 401(k) Plan is a mega filing (19,750 participants), the rightmost band on the breakdown.
DOL schedule card
Filing strip 133429115 · Philips North America LLC PY 2022 · 401(k)
Philips North America 401(k) Plan · $5.2B · 19,750 · 100th
- EIN $5.2B
- EIN 19,750
- EIN 100th
- EIN 401(k)
- EIN near Exelon Corporation Employee Savings Plan
- EIN ind #20508
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 401(k) Plan in the asset neighbourhood
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)
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 401(k) Plans in Massachusetts
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- 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 (0.042% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.021% of 93,925,755 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)
Philips North America 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Massachusetts, the nearest 401(k) by assets is Exelon Corporation Employee Savings Plan in IL ($5.2B); by covered participants it is Bricklayers and Trowel Trades Int'l Retirement Savings Plan in DC (19,760 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($5.2B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (19,750 participants); asset peers above are excluded.
- Bricklayers and Trowel Trades Int'l Retirement Savings Plan (DC) 19,760 · 10 off
- Engage Peo Retirement Savings Plan (FL) 19,783 · 33 off
- Csx Corporation Capital Builder Plan (FL) 19,812 · 62 off
- Shaw Industries Group, Inc. Retirement Savings Plan (GA) 19,674 · 76 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.