Philips North America 401(k) match, vesting and fees
What Philips North America's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insur Co of America | Schedule C ↗ |
| Independent auditor | Johnson O'Connor Feron & Carucci Ll (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 203 defined-contribution plans in manufacturing with 10,000 to 49,999 participants.
| Philips North America: employer contribution per participant | $5,597 | |
| Peer median | $3,733 |
| Philips North America: average balance | $233,843 | |
| Peer median | $157,962 |
| Philips North America: admin expenses ÷ assets | <0.01% | |
| Peer median | 0.05% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $6.4B at the end of plan year 2021 to $6.4B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 27,842 | $6.4B | $152M | $5,597 | <0.01% | Not published | Form 5500 ↗ |
| 2023 | 29,489 | $5.8B | $143M | $4,842 | 0.02% | Not published | Form 5500 ↗ |
| 2022 | 30,918 | $5.2B | $157M | $5,103 | 0.02% | Not published | Form 5500 ↗ |
| 2021 | 30,341 | $6.4B | $151M | $4,988 | 0.01% | Not published | Form 5500 ↗ |
Other Philips North America plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Philips North America 401(k) Plan for Puerto Rico Employees
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Philips North America Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Telus Health | Schedule C ↗ |
| Independent auditor | Johnson O'Connor Feron & Carucci Ll (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Philips North America match 401(k) contributions?
The match terms for the Philips North America 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $152M in employer contributions, about $5,597 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Philips North America 401(k) match vested?
The vesting schedule for the Philips North America 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Philips North America 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insur Co of America. The plan administrator is Philips North America LLC.
I left Philips North America. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Philips North America LLC, (617) 245-5900) or the recordkeeper, Empower Annuity Insur Co of America. The Philips North America old 401(k) page lists the contacts from every plan filing. Find an old Philips North America 401(k)
Data from the public Form 5500 annual reports Philips North America filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Philips North America. Not financial advice. Report a correction · Methodology