PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEE SAVINGS PLAN
Plan Contact
- Address: 3000 MINUTEMAN ROAD, M/S 4303,ANDOVER,MA
- Phone: (978) 659-3000
Plan General Information
PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEE SAVINGS PLAN Total Retirement Plan Assets
At the end of 2016, the total retirement plan assets of PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEE SAVINGS PLAN is $3,640,020,114.00.This plan was established in 1980.
PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEE SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2016, the total number of retirement plan participants in PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEE SAVINGS PLAN is 28951
PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEE SAVINGS PLAN Average Participant Retirement Account Value
In 2016, the average participant retirement account value for PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEE SAVINGS PLAN is $125,730.00
PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEE SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2016, the estimated average employee contribution amount per participant for PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEE SAVINGS PLAN is $10,491.00.
PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEE SAVINGS PLAN Estimated Average Employer Match
In 2016, the estimated average employer match for an employee in PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEE SAVINGS PLAN is approximately $4,035.00
Investing in this additonal $4,035.00 for 20 years would give you extra $258,291.00, assuming a 10% annual return.
Investing in this additonal $4,035.00 for 20 years would give you extra $258,291.00, assuming a 10% annual return.
PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEE SAVINGS PLAN Total Employer Contribution and Match Rate
In 2016, PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEE SAVINGS PLAN allocates $116,840,365.00 to match its employees' contributions, providing an employer match rate of 76.93% of their contributions
PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEE SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2016, the total retirement plan asset growth rate of PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEE SAVINGS PLAN is -3.02%.
PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEE SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2016, the estimated aggregate retirement account investment gain/loss for PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEE SAVINGS PLAN is -5.48%. This measures the effectiveness of the plan participants' investments in the year.
PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEE SAVINGS PLAN Expense Ratio
In 2016, the investment and administrative expense ratio of PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEE SAVINGS PLAN is 0.02%.
Enrollment Features
PHILIPS ELECTRONICS NORTH AMERICA CORPORATION EMPLOYEE SAVINGS PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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