Defined Benefit (Pension) · DOL Form 5500 · 2023
Philips North America LLC Pension Plan
Data updated 2026-08-25
- $489M
- Total assets Above avg plan size
- 1,670
- Participants Near avg headcount
- 97th
- Percentile by assets National rank
- $292,824
- Avg per participant High balance/head
Official DOL plan name: Philips North America Pension Plan · Sponsored by Philips North America LLC · Massachusetts · Manufacturing
$489M in assets, 1,670 participants
Philips North America LLC's Philips North America Pension Plan reported $489M in total assets and 1,670 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.
- #17,916 in Manufacturing (18,722 peers)
Coverage in Massachusetts
Philips North America Pension Plan covers 1,670 participants in Massachusetts, 2.5x the typical Massachusetts plan (state average ~659 per filing). Assets: $489M.
- #17,916
- in Manufacturing (18,722 peers)
- -3.1%
- assets change YoY
- 4.9×
- vs typical plan assets (national mean)
The plan reported a net loss of $15M 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 2023 · DOL Form 5500
$489,016,684 Top 3% higher than 97% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Philips North America Pension Plan's large-plan peer group by participant headcount
Plan-year 2023 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 (1,670 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Philips North America Pension Plan reported net income rose from -$201M in the plan year 2022 filing to -$15M in the plan year 2023 filing.
- Philips North America Pension Plan reported participants fell from 1,976 in the plan year 2022 filing to 1,670 in the plan year 2023 filing.
- Philips North America Pension Plan end-of-year assets fell from $504M in the plan year 2022 filing to $489M in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 133429115 · Philips North America LLC PY 2023 · Defined Benefit (Pension)
Philips North America Pension Plan · $489M · 1,670 · 97th
- VS-ST $489M
- BOY 1,670
- SCH 97th
- EBSA Defined Benefit (Pension)
- PART near Retirement Plan for Employees of Learjet Inc., Bombardier Aerospace Corporation and Affiliates
- TYPE ind #17916
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) | $504M |
|---|---|
| Net Assets (End of Year) | $489M |
| Net Income | -$15M |
| 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 $10.3B · 58,745
- New England Teamsters Pension Fund $9.1B · 21,786
- Liberty Mutual Retirement Benefit Plan $6.9B · 37,145
- Massachusetts Institute of Technology Basic Retirement Plan $5.4B · 11,888
- N. Atlantic States Carp. Pension Fund $5.0B · 17,166
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 Retirement Plan for Employees of Learjet Inc., Bombardier Aerospace Corporation and Affiliates in ($489M); by covered participants it is No Calif Glaziers, Architectural Metal and Glassworkers Pension Plan in CA (1,669 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($489M here).
- Retirement Plan for Employees of Learjet Inc., Bombardier Aerospace Corporation and Affiliates () $489M · 982
- Vns Health Care Pension Plan (NY) $489M · 3,781
- Bss Retirement Plan (WA) $490M · 142
- Pension Fund United Scenic Artists Local 829 (NJ) $488M · 3,050
Similar participant headcount
Nearest other-state filings by covered participants (1,670 participants); asset peers above are excluded.
- No Calif Glaziers, Architectural Metal and Glassworkers Pension Plan (CA) 1,669 · 1 off
- Guild-Times Adjustable Pension Plan (NY) 1,672 · 2 off
- Afscme Employees Pension Plan (DC) 1,668 · 2 off
- Hawaii Electricians Pension Plan (HI) 1,668 · 2 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.