Philips North America 401(k) and pension plans

Philips North America LLC, Cambridge, MA. EIN 13-3429115. Annual reports 2009–2024. Also filed as Philips Electronics North America Corporation; Philips Electronics.

Philips North America LLC has 2 active retirement plans on file. The largest is the Philips North America 401(k) Plan, with 27,842 participants and $6.4 billion in assets in 2024. Empower has been its recordkeeper since 2020.

Active plans
2
Participants
30,736
Plan assets
$6.8 billion
401(k) recordkeeper
Empower
Plans on file
4
Industry
Manufacturing

All 4 plans

Active plans first

Philips North America 401(k) Plan

401(k)Active

Active. The plan filed its annual report for the 2024 plan year.

Plan number
005Employer EIN 13-3429115
Participants (2024)
27,842
Net assets (2024)
$6.4 billion
Recordkeeper
EmpowerEarlier: Vanguard (2009–2017)
Plan administrator
Philips North America LLC
222 Jacobs Street, 3RD Floor
Cambridge, MA 02141
(617) 245-5900As filed for 2024
In effect since
January 1, 1980

Plans merged into this one: Philips Electronics North America Corporation Legacy Pension Plan (2015); Genlyte Thomas Consolidated Thrift Savings Plan for Hourly Employees (2009); Genlyte Thomas Retirement Savings and Investment Plan (2009).

Earlier sponsor: Philips Electronics North America Corporation (2009–2016).

Earlier plan names: Philips Electronics North America Corp Employee Savings Plan; Philips Electronics North America Corporation Employee Savings Plan.

Year by year, 2009 to 2024
Plan yearParticipantsNet assetsRecordkeeper
202427,842$6.4 billionEmpower
202329,489$5.8 billionEmpower
202230,918$5.2 billionEmpower
202130,341$6.4 billionEmpower
202028,646$5.7 billionEmpower
201728,224$4.4 billionVanguard
201626,903$3.6 billionVanguard
201528,951$3.8 billionVanguard
201429,925$3.8 billionVanguard
201330,623$3.6 billionVanguard
201231,785$3.0 billionVanguard
201131,846$2.6 billionVanguard
201031,836$2.5 billionVanguard
200934,295$2.2 billionVanguard

Philips North America Pension Plan

Cash balance pension, frozenActive

Active. The plan filed its annual report for the 2024 plan year.

Plan number
007Employer EIN 13-3429115
Participants (2024)
2,894
Net assets (2024)
$476 million
Administered by
Telus HealthEarlier: Lifeworks (US) (2021–2023), Morneau Shepell Limited (2020), Mercer (2018–2019)
Plan administrator
Philips North America LLC
222 Jacobs Street, 3RD Floor
Cambridge, MA 02141
(617) 245-5900As filed for 2024
In effect since
August 1, 2016

Earlier sponsor: Philips Electronics North America Corporation (2016).

Earlier plan names: Philips Electronics North America Corporation Pension Plan.

Year by year, 2016 to 2024
Plan yearParticipantsNet assetsRecordkeeper
20242,894$476 millionTelus Health
20232,991$489 millionLifeworks (US)
20223,153$504 millionLifeworks (US)
20213,356$705 millionLifeworks (US)
20203,571$772 millionMorneau Shepell Limited
201916,689$2.0 billionMercer
201817,244$1.7 billionMercer
201717,808$2.0 billionnot listed
201618,394$1.7 billionnot listed

Philips Electronics North America Corporation Immediate Pension Option Plan

Cash balance pension, frozenMerged

Merged. In 2016 its assets moved to the Philips Electronics North America Corporation Legacy Pension Plan, sponsored by Philips North America LLC (EIN 13-3429115, plan 006). Accounts moved with them, so that plan is the one to contact.

Plan number
001Employer EIN 13-3429115
Participants (2015)
28,386
Net assets (2015)
$2.1 billion
Last listed administrator
Pace2014
Plan administrator
Philips Electronics North America Corporation
3000 Minuteman Road, M/S 4303
Andover, MA 01810
(978) 659-3000As filed for 2016
In effect since
January 1, 1951

Plans merged into this one: Genlyte Thomas Group LLC at Hopkinsville Ky and the IBEW Local Union 463 Afl-Cio Pension Plan (2010); Genlyte Thomas Group LLC at Sparta Tennessee and the IBEW Union No 2143 Afl-Cio Pension Plan (2010); Hourly Employees Pension Plan of Hadco-Littlestown (2010); Hourly Employees Pension Plan of Lightolier-Wilmington (2010); Genlyte Thomas Group LLC Retirement Plan for Employees Represented By Local 1028 and Local 1969 IBEW Afl-Cio (2009); Hourly Employees Pension Plan of Wide-Lite-San Marcos (2010); Hourly Employees Pension Plan of Lightolier-Fall River (2010).

Earlier plan names: Philips Electronics North America Corp Pension Plan; Philips Electronics North America Corporation Pension Plan.

Year by year, 2009 to 2016
Plan yearParticipantsNet assetsRecordkeeper
20160$0not listed
201528,386$2.1 billionnot listed
201444,247$3.2 billionPace
201349,246$3.0 billionnot listed
201256,849$3.4 billionnot listed
201158,015$3.2 billionnot listed
201058,742$2.8 billionnot listed
200958,272$2.5 billionnot listed

Philips Electronics North America Corporation Legacy Pension Plan

Cash balance pension, frozenMerged

Merged. In 2015 its assets moved to the Philips Electronics North America Corp Employees Savings Plan, sponsored by Philips North America LLC (EIN 13-3429115, plan 005). Accounts moved with them, so that plan is the one to contact.

Plan number
006Employer EIN 13-3429115
Participants (2011)
31
Net assets (2011)
$793,444
Plan administrator
Philips Electronics North America Corporation
3000 Minuteman Road M/S 4303
Andover, MA 01810
(978) 659-3000As filed for 2015
In effect since
August 3, 2015

Plans merged into this one: Philips Electronics North America Corporation Immediate Pension Option Plan (2016).

Earlier sponsor: Philips Electronics (2011–2012).

Earlier plan names: Philips/Burton Medical 401(k) Plan.

Year by year, 2011 to 2015
Plan yearParticipantsNet assetsRecordkeeper
20150$0not listed
20120$0not listed
201131$793,444not listed

If you had money in one of these plans

  1. Call Empower (empower.com), which runs the Philips North America 401(k) Plan. With your Social Security number and the plan name, it can tell you whether you still have a balance and, if not, where it went.
  2. Or call the plan administrator listed on the plan below ((617) 245-5900). That number was filed for 2024; ask for the benefits or retirement plan office.
  3. If your plan was merged, your account moved with it. Follow the link on the plan to the plan it went into, and contact that one.
  4. Still stuck? The Department of Labor's benefits advisers help for free: askebsa.dol.gov or 1-866-444-3272. Never pay anyone to find your own money.

What these numbers are

Sources: U.S. Department of Labor, Form 5500 datasets and PBGC trusteed plans. How we read them.

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