Retirement plan

PHILIPS LIGHTING NORTH AMERICA CORPORATION 401(K) PLAN

Name: PHILIPS LIGHTING NORTH AMERICA CORPORATION - PHILIPS LIGHTING NORTH AMERICA CORPORATION 401(K) PLAN (2018) Form 5500
Creator: PHILIPS LIGHTING NORTH AMERICA CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHILIPS LIGHTING NORTH AMERICA CORPORATION 401(K) PLAN, PHILIPS LIGHTING NORTH AMERICA CORPORATION

PHILIPS LIGHTING NORTH AMERICA CORPORATIONEIN 04-3391805Plan #002PY 2018

200 FRANKLIN SQUARE DRIVE - SOMERSET, NJ 08873888-339-4363

Other plans on this EIN

1 filing

#003Retirement-$511.9M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed October 7, 2016 (most recent of 3 filings on file)

Plan administrator

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200 Minuteman Road, Suite 205

Andover State: MA Zip Code: 01810

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Plans declared (1)

Philips Lighting North America Corporation Nonqualified 4% Plan25 emp

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Total assets (EOY)

$549.1M

-12.7% from 2017

Total participants

4,233

+3.8% from 2017

Average account balance

$138,004

-16.6% from 2017

Annual return

-4.69%

-17.47 pp from 2017

Benchmarks

See 831 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort831 peers

Snapshot2018

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.02B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$237K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

4,288

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

91.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$44.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.38%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$83

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.3+ years Filed as: VANGUARD GROUP INC. Service code 15 · EIN 23-1945930	Recordkeeping	$223,440
PAVILLION ADVISORY GROUP, INC.2 years Filed as: PAVILLION ADVISORY GROUP INC. Service code 27 · EIN 04-3831795	Advisory (Plan)	$95,000
EISNERAMPER LLP2 years Filed as: EISNERAMPER, LLP Service code 10 · EIN 13-1639826	Accounting	$38,402
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN, LEWIS & BOCKIUS, LLP Service code 29 · EIN 23-0891050	Legal	$17,499

Plan features & details

Pension benefit codes2E2F2J2S2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$410K

$165 / participant

Investment mgmt$95K23.2%
Contract admin$240K58.5%
Other / not subdivided$75K18.3%

% of EOY assets

0.075%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: EISNERAMPER LLP
Auditor EIN: 131639826
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$138,004

$78,852+75.0%

$76,768+79.8%

$75,289+83.3%

Participation rate

89.8%

85.0%+4.8pp

77.0%+12.8pp

72.4%+17.3pp

Annual return

-4.69%

-1.29%-3.4pp

2.43%-7.1pp

-0.04%-4.7pp

Employer contribution / active EE

$5,693

$2,794+103.7%

$2,485+129.1%

$2,405+136.7%

Participant deferral / active EE

$7,512

$4,800+56.5%

$3,852+95.0%

$3,739+100.9%

Admin fee / account holder

$103

$79+30.6%

$6,676-98.5%

$102+0.8%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.3+ years

Filed as: VANGUARD GROUP INC.

Service code 15 · EIN 23-1945930

Recordkeeping

$223,440

PAVILLION ADVISORY GROUP, INC.2 years

Filed as: PAVILLION ADVISORY GROUP INC.

Service code 27 · EIN 04-3831795

Advisory (Plan)

$95,000

EISNERAMPER LLP2 years

Filed as: EISNERAMPER, LLP

Service code 10 · EIN 13-1639826

Accounting

$38,402

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN, LEWIS & BOCKIUS, LLP

Service code 29 · EIN 23-0891050

Legal

$17,499

PHILIPS LIGHTING NORTH AMERICA CORPORATION 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHILIPS LIGHTING NORTH AMERICA CORPORATION 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion