Defined Benefit (Pension) · DOL Form 5500 · 2024

Philips North America LLC Pension Plan

Data updated 2026-08-25

$477M
Total assets Above avg plan size
1,514
Participants Near avg headcount
97th
Percentile by assets National rank
$314,780
Avg per participant High balance/head
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Official DOL plan name: Philips North America Pension Plan · Sponsored by Philips North America LLC · Massachusetts · Manufacturing

$477M in assets, 1,514 participants

Philips North America LLC's Philips North America Pension Plan reported $477M in total assets and 1,514 participants in its 2024 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.

  • #16,953 in Manufacturing (17,777 peers)

Coverage in Massachusetts

Philips North America Pension Plan covers 1,514 participants in Massachusetts, 2.3x the typical Massachusetts plan (state average ~659 per filing). Assets: $477M.

#16,953
in Manufacturing (17,777 peers)
-2.5%
assets change YoY
4.8×
vs typical plan assets (national mean)

The plan reported a net loss of $13M 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 2024 · DOL Form 5500

$476,577,067 Top 3% higher than 97% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Philips North America Pension Plan's large-plan peer group by participant headcount

Plan-year 2024 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 (1,514 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Philips North America Pension Plan reported net income rose from -$15M in the plan year 2023 filing to -$13M in the plan year 2024 filing.
  • Philips North America Pension Plan reported participants fell from 1,670 in the plan year 2023 filing to 1,514 in the plan year 2024 filing.
  • Philips North America Pension Plan end-of-year assets fell from $489M in the plan year 2023 filing to $477M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 133429115 · Philips North America LLC PY 2024 · Defined Benefit (Pension)

Philips North America Pension Plan · $477M · 1,514 · 97th

  • EOY $477M
  • EOY 1,514
  • EOY 97th
  • EOY Defined Benefit (Pension)
  • EOY near W.R. Grace & Co. Retirement Plan for Salaried Employees
  • EOY ind #16953

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

Brown-Forman Corporation Salaried Employees Retirement PlanBrown-Forman Corporation Sal…$478MMoog Inc. Employees' Retirement PlanMoog Inc. Employees' Retirem…$477MW.R. Grace & Co. Retirement Plan for Salaried EmployeesW.R. Grace & Co. Retirement …$477MPhilips North America Pension PlanPhilips North America Pensio…$477MThe Retirement Plan of Rady Childrens Hospital and Health CenterThe Retirement Plan of Rady …$475M
End-of-year total assets ($M) among Philips North America Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Massachusetts filing particulars

Total Assets (Beginning of Year)$489M
Net Assets (End of Year)$476M
Net Income-$13M
Employer EIN133429115
Plan Effective Date2016-08-01
Filing StatusFILING 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
$5.5B$6B$6.5B$7B 202220232024 $5.68B $6.84B ▲ +20.4%
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 Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Philips North America Pension Plan, Total assets ($B): 0.476577067 · Participants: 1514Philips North America Pension PlanConsolidated Cash Balance Program of Mass General Brigham and Member Organizations, Total assets ($B): 11.586293172 · Participants: 60621Consolidated Cash Balance Program of Mass General Brigham and Member OrganizationsNew England Teamsters Pension Fund, Total assets ($B): 9.093299462 · Participants: 21577New England Teamsters Pension FundLiberty Mutual Retirement Benefit Plan, Total assets ($B): 6.250686483 · Participants: 34910Liberty Mutual Retirement Benefit PlanMassachusetts Institute of Technology Basic Retirement Plan, Total assets ($B): 5.888715533 · Participants: 12533Massachusetts Institute of Technology Basic Retirement PlanN. Atlantic States Carp. Pension Fund, Total assets ($B): 5.086051556 · Participants: 16946N. Atlantic States Carp. Pension Fund
Philips North America Pension Plan vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants
Compare Philips North America Pension Plan side-by-side with 3 peers →

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 W.R. Grace & Co. Retirement Plan for Salaried Employees in MD ($477M); by covered participants it is IBEW Local Union No. 22/NECA Defined Benefit Pension Fund, Plan a in NE (1,513 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,514 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Philips North America Pension Plan assets move in 2024? ▼
Philips North America Pension Plan edged down modestly - down 2.5% during 2024, from $489M to $477M. Reported net income was -$13M.
How have Philips North America LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Philips North America LLC's sponsor-wide assets grew 20.4%, from $5.7B to $6.8B.
Where does Philips North America Pension Plan rank by assets among Form 5500 filers? ▼
Philips North America Pension Plan ranks in the 97th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Philips North America Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is W.R. Grace & Co. Retirement Plan for Salaried Employees in MD ($477M, 541 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Philips North America Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is IBEW Local Union No. 22/NECA Defined Benefit Pension Fund, Plan a in NE (1,513 participants, $210M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 133429115.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.