Philips North America Llc 401(k) Plan: Login, Facts & Contact Information

Philips North America Llc 401(k) Plan Facts

Plan name
PHILIPS NORTH AMERICA 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PHILIPS NORTH AMERICA LLC
Participants
29,491 (17,066 active employees)
Former employees with a balance
9,347
Plan assets
$6,366,834,511 at Dec 31, 2024
Average account balance
$233,843 across 27,227 accounts
Employer contributions
$152,390,233 in plan year 2024 (38% of all contributions)
Recordkeeper
Empower Annuity Insur Co Of America
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1980
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $397.9 million went into the plan in contributions, $152.4 million of it from the employer (38%).
  • $736.6 million was paid out to participants.
  • Investment and other income added $927.3 million.
  • Administrative expenses were $352,392, about $13 per account.

How the Philips North America Llc 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201929,514$4.90 billion$142.5 million$589.4 million
202028,428$5.66 billion$144.2 million$472.2 million
202128,646$6.38 billion$150.8 million$603.7 million
202230,245$5.18 billion$157.2 million$504.2 million
202330,810$5.78 billion$142.8 million$742.2 million
202429,491$6.37 billion$152.4 million$736.6 million

Philips North America Llc 401(k) Contact Information

Phone
617-245-5900
Mailing address
222 JACOBS STREET, 3RD FLOOR, CAMBRIDGE MA 02141
Plan sponsor
PHILIPS NORTH AMERICA LLC
Employer identification number (EIN)
13-3429115
Plan number
005

Questions about the Philips North America Llc 401(k)

Does Philips North America Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $152.4 million, 38% of all contributions.

Does the Philips North America Llc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Philips North America Llc 401(k) plan?

29,491 participants at the start of plan year 2024, 17,066 of them active employees, and 9,347 former employees who still had money in the plan.

What is the average 401(k) balance at Philips North America Llc?

About $233,843 per account: $6.37 billion in plan assets across 27,227 accounts with a balance at the end of plan year 2024.

Who manages the Philips North America Llc 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INSUR CO OF AMERICA) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Philips North America Llc. How do I access my 401(k)?

Your account stays with Empower after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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