401(k) · DOL Form 5500 · 2024

Philips North America LLC 401(k) Plan

Data updated 2026-08-25

$6.4B
Total assets Very large vs avg
18,388
Participants Very large workforce
100th
Percentile by assets National rank
$346,249
Avg per participant High balance/head
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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.

  • #17,680 in Manufacturing (17,777 peers)

Coverage in Massachusetts

Philips North America 401(k) Plan covers 18,388 participants in Massachusetts, 28x the typical Massachusetts plan (state average ~659 per filing). Assets: $6.4B.

#17,680
in Manufacturing (17,777 peers)
+10.2%
assets growth YoY
64×
vs typical plan assets (national mean)

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 2024 · DOL Form 5500

$6,366,834,511 Highest reported value at or above every one 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 401(k) Plan's mega-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 401(k) Plan is a mega filing (18,388 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • 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 →

Plan-year Form 5500 strip

Filing strip 133429115 · Philips North America LLC PY 2024 · 401(k)

Philips North America 401(k) Plan · $6.4B · 18,388 · 100th

  • EBSA $6.4B
  • PART 18,388
  • TYPE 100th
  • NET 401(k)
  • BOOK near Cummins Retirement and Savings Plan
  • VS-ST ind #17680

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

Jacobs 401(k) Plus Savings PlanJacobs 401(k) Plus Savings P…$6.4BEdison 401(k) Savings Plan$6.4BPhilips North America 401(k) PlanPhilips North America 401(k)…$6.4BCummins Retirement and Savings PlanCummins Retirement and Savin…$6.4BParamount Global 401(k) Plan (Fka Viacomcbs 401(k) Plan)Paramount Global 401(k) Plan…$6.4B
End-of-year total assets ($B) among Philips North America 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Massachusetts filing particulars

Total Assets (Beginning of Year)$5.8B
Net Assets (End of Year)$6.4B
Net Income$587M
Employer EIN133429115
Plan Effective Date1980-01-01
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 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 Scatter plot of 6 data points. 020000400006000080000 010203040 Total assets ($B) Participants Philips North America 401(k) Plan, Total assets ($B): 6.366834511 · Participants: 18388Philips North America 401(k) PlanFidelity Retirement Savings Plan, Total assets ($B): 34.201609937 · Participants: 66907Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 11.352606499 · Participants: 34618Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 7.720373045 · Participants: 14762Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 6.775289067 · Participants: 20639Boston Scientific Corporation 401(k) Retirement Savings PlanState Street Salary Savings Program, Total assets ($B): 6.532301643 · Participants: 12777State Street Salary Savings Program
Philips North America 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Philips North America 401(k) Plan side-by-side with 3 peers →

Scale composition for Philips North America 401(k) Plan

Philips North America 401(k) Plan reports $6.4B in end-of-year assets across 18,388 participants (0.052% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.020% of 93,925,755 covered participants) - about $346,249 per participant (2.5x the national average assets-per-participant) . Net income for plan year 2024 was $587M.

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 Open filing
2023 19,120 $5.8B Open filing
2024 · index core 18,388 $6.4B This page

The same sponsor also keeps 1 other index-core plan on PlainRetire:

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 Cummins Retirement and Savings Plan in IN ($6.4B); by covered participants it is Stanley Black & Decker Retirement Account Plan in CT (18,386 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($6.4B here).

Similar participant headcount

Nearest other-state filings by covered participants (18,388 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 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 123,622 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).
Which 401(k) plans cover a similar participant headcount to Philips North America 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Stanley Black & Decker Retirement Account Plan in CT (18,386 participants, $2.5B 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.