# Philips North America Pension Plan

Philips North America Pension Plan is a Pension Fund based in Cambridge, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Cambridge, United States
- **Region:** North America
- **Address:** Cambridge, MA, United States
- **Founded:** 1995
- **Assets under management:** Undisclosed
- **Website:** philips.empower-retirement.com
- **LinkedIn:** linkedin.com/company/philips-north-america-llc

## Regulatory record

- **Reports private funds:** No

## About

The Philips North America Pension Plan functions as the primary retirement vehicle for the company's North American workforce. It supplies defined-benefit income solutions to active and former employees. No public information exists on the plan's founding date or original sponsor structure. The plan executed a single large-scale risk transfer in late 2020. That transaction moved $1.2 billion of liabilities and associated assets to two insurers. No additional asset-class allocations, co-investment activity, or geographic deployment details appear in available records. Participant administration occurs exclusively through the Empower Retirement portal. No separate offices, investment staff count, or affiliated philanthropic vehicles are disclosed. The 2020 transfer remains the only dated operational event on record.

## Questions

### Who administers accounts for the Philips North America Pension Plan?

Empower Retirement operates the participant portal. Retirees and deferred participants log in to view balances and payment details.

### What happened to the plan's obligations in 2020?

The plan transferred approximately $1.2 billion of liabilities covering 11,000 participants to Principal Financial Group and MetLife.

### Does the plan publish current asset figures?

No current AUM is disclosed. The only published figure is the $1.2 billion transferred in late 2020.

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Last updated: 2026-06-03T20:00:00.000Z

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