401(k) · DOL Form 5500 · 2024

Philips North America LLC 401(k) Plan

Data updated 2026-07-24

$6.4B
Total assets: 18,388
Participants: 100th
Percentile by assets: $346,249
Avg per participant

Official DOL plan name: Philips North America 401(k) Plan · Sponsored by Philips North America LLC · Massachusetts · Manufacturing

$6.4B in assets, 18,388 participants

Philips North America LLC's Philips North America 401(k) Plan reported $6.4B in total assets and 18,388 participants in its 2024 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 116,472 plans)

Coverage in Massachusetts

Philips North America 401(k) Plan covers 18,388 participants in Massachusetts, 29x the typical Massachusetts plan (state average ~641 per filing). Assets: $6.4B.

$6.4B
total plan assets (2024 EOY): 18,388
covered participants: 100th
percentile by assets (of 116,472 plans): $346,249
avg assets per participant

Philips North America 401(k) Plan end-of-year assets rose from $5.8B in the plan year 2023 filing to $6.4B in the plan year 2024 filing.
Philips North America 401(k) Plan reported participants fell from 19,120 in the plan year 2023 filing to 18,388 in the plan year 2024 filing.
Philips North America 401(k) Plan reported net income fell from $599M in the plan year 2023 filing to $587M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Massachusetts

Industry

Manufacturing

Participants vs Massachusetts filers

In Massachusetts, the average filing covers about 641 participants across 3,941 plans. Philips North America 401(k) Plan reports 18,388 participants - 29x that state average ($6.4B EOY assets).

Massachusetts filing particulars

Total Assets (Beginning of Year)	$5.8B
Net Assets (End of Year)	$6.4B
Net Income	$587M
Employer EIN	133429115
Plan Effective Date	1980-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Philips North America LLC)

Total plan assets by year, all Philips North America LLC plans on file

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 $34.2B · 66,907
Liberty Mutual 401(k) Plan $11.4B · 34,618
Massachusetts Institute of Technology Supplemental 401(k) Plan $7.7B · 14,762
Boston Scientific Corporation 401(k) Retirement Savings Plan $6.8B · 20,639
State Street Salary Savings Program $6.5B · 12,777

Compare Philips North America 401(k) Plan side-by-side with 3 peers →

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.

Cummins Retirement and Savings Plan (IN) $6.4B · 30,272
Paramount Global 401(k) Plan (Fka Viacomcbs 401(k) Plan) (NY) $6.4B · 17,755
Jacobs 401(k) Plus Savings Plan (TX) $6.4B · 15,962
Edison 401(k) Savings Plan (CA) $6.4B · 14,119

Frequently Asked Questions

How did Philips North America 401(k) Plan assets move in 2024? ▼

Philips North America 401(k) Plan grew at a solid clip - up 10.2% during 2024, from $5.8B to $6.4B. Reported net income was $587M.

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 401(k) Plan rank by assets among Form 5500 filers? ▼

Philips North America 401(k) Plan ranks in the 100th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).

Which 401(k) plans are similar in size to Philips North America 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Cummins Retirement and Savings Plan in IN ($6.4B, 30,272 participants).

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

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.