Ohio › Manufacturing › 25,000 or more participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
The Procter & Gamble Savings Plan
Sponsored by The Procter & Gamble Company, Cincinnati, OH
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 30 Jun 2025, The Procter & Gamble Savings Plan covered 42,915 participants and held $5.37B in net assets. The plan is an ESOP with a 401(k) feature sponsored by The Procter & Gamble Company of Cincinnati, Ohio.
Net assets came to $125,138 per participant, well above the $62,774 median for defined contribution plans with 25,000 or more participants and well above the $62,303 median for defined contribution plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $96K during the year, or $3 per active participant against a same-size median of $2,417; participants contributed $253M and $10.3M arrived as rollovers and other contributions. Benefits paid out totalled $408M.
Schedule C lists 4 service provider organisations paid $5,000 or more, with reported compensation of $3.1M: $71.18 per participant, well above the same-size median of $36.41. Administrative expenses charged to the plan were $3.1M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $2.28B in 2009 to $5.37B in 2024 (up 136%), and participants from 47,444 to 42,915 (down 10%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $125,138 | $62,774 | $62,303 | $53,102 |
| Employer contributions per active participant | $3 | $2,417 | $2,187 | $2,175 |
| Schedule C compensation per participant | $71.18 | $36.41 | $136 | $123 |
| Schedule C compensation, share of net assets | 0.06% | 0.07% | 0.24% | 0.26% |
| Administrative expenses per participant | $71.25 | $38.81 | $131 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 25,000 or more participants (608 plans), manufacturing (11,377) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 42,915 | $5.37B | $125,138 | $96K | $253M | $3.1M |
| 2023 | 42,171 | $5.05B | $119,791 | — | $230M | $2.4M |
| 2022 | 41,362 | $4.54B | $109,642 | — | $207M | $2.7M |
| 2021 | 40,336 | $4.11B | $101,809 | — | $186M | $2.2M |
| 2020 | 37,877 | $4.53B | $119,557 | — | $168M | $2.2M |
| 2019 | 36,740 | $3.67B | $100,016 | $0 | $148M | $2.1M |
| 2018 | 36,111 | $3.58B | $99,121 | $4,000 | $133M | $2.1M |
| 2017 | 36,357 | $3.21B | $88,243 | $8,000 | $110M | $2.1M |
| 2016 | 35,332 | $3.20B | $90,567 | $2,000 | $102M | $2.4M |
| 2015 | 37,204 | $3.05B | $81,966 | $1,000 | $104M | $1.3M |
| 2014 | 38,579 | $3.08B | $79,731 | $14K | $106M | $1.5M |
| 2013 | 39,823 | $3.11B | $78,000 | $100K | $101M | $1.6M |
| 2012 | 40,599 | $2.83B | $69,821 | $7,000 | $100M | $1.6M |
| 2011 | 43,423 | $2.52B | $58,031 | $30K | $108M | $1.9M |
| 2010 | 46,053 | $2.56B | $55,654 | $6,000 | $105M | $1.8M |
| 2009 | 47,444 | $2.28B | $47,964 | $21K | $106M | $1.7M |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$5,051,717,235
- Employer contributions$96,040
- Participant contributions$252,919,399
- Rollovers and other contributions$10,314,381
- Total contributions$263,329,820
- Total income, including investment results$730,215,719
- Benefits paid$408,026,962
- Administrative expenses$3,057,714
- Total expenses$411,350,391
- Net income$318,865,328
- Net transfers−$298,468
- Net assets, end of year$5,370,284,095
Participants
- Active participants30,424
- Retired or separated, receiving benefits238
- Retired or separated, entitled to future benefits11,782
- Participants with account balances40,150
- Total participants, end of year42,915
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Alight Solutions LLC | Recordkeeping and information management; Investment management | $1,659,429 | $0 |
| BlackRock | Trustee (bank, trust company, or similar financial institution); Trustee (discretionary); Investment management | $1,097,823 | $0 |
| Northern Trust Company | Trustee (bank, trust company, or similar financial institution) | $173,910 | $0 |
| State Street Bank & Trust Co. | Custodial (other than securities); Custodial (securities); Investment management | $123,402 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Contract administrator fees$1,478,859
- Investment advisory and management fees$1,221,225
- Recordkeeping fees$180,570
- Trustee and custodial fees$173,910
- Other administrative expenses$3,150
- Total administrative expenses$3,057,714
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$3.55B · 66.0%
- Employer securities$1.23B · 22.9%
- Corporate stocks$366M · 6.8%
- Cash (interest and non-interest bearing)$200M · 3.7%
- Participant loans$26.7M · 0.5%
- Receivables$770K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmDeloitte & Touche LLP
- Participant contributions reported as transmitted lateYes, $73,268
- Covered by a fidelity bondYes, $10,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2GTotal participant-directed account plan2IStock bonus2JCode section 401(k) feature2OESOP other than a leveraged ESOP2S401(k) plan or 403(b) plan that provides for automatic enrollment2TTotal or partial participant-directed account plan with a default investment account3FPlan sponsor(s) received services of leased employees3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 325600: Soap, Cleaning Compound, & Toilet Preparation Mfg.
Other plans of The Procter & Gamble Company
| Plan | Participants | Net assets |
|---|---|---|
| Procter & Gamble Profit Sharing Trust & Employee Stock Ownership Plan | 69,403 | $21.2B |
| Procter & Gamble Master Retirement Plan | 10,655 | $1.14B |
Similar plans in Ohio
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Nestle 401(k) Savings Plan | Nestle USA, Inc. Savings Plan Administration | 50,509 | $7.46B | $147,650 |
| Parker Retirement Savings Plan | Parker Hannifin Corporation | 42,434 | $9.01B | $212,331 |
| The Sherwin-Williams Company Salaried Employees' Revised Pension Investment Plan | The Sherwin-Williams Company | 52,893 | $1.72B | $32,467 |
| Eaton Savings Plan | Eaton Corporation | 37,536 | $8.39B | $223,641 |
| The Sherwin-Williams Company 401(k) Plan | The Sherwin-Williams Company | 62,829 | $10.6B | $168,132 |
| Marathon Petroleum Thrift Plan | Marathon Petroleum Company LP | 28,057 | $8.33B | $296,722 |
Defined contribution plans in manufacturing closest in size.
Questions and answers
How big is The Procter & Gamble Savings Plan?
42,915 participants at the end of the plan year ending 30 Jun 2025, of whom 30,424 were active employees, with net assets of $5,370,284,095. Among defined contribution plans that places it in the 25,000 or more participants band, which held 608 plans in plan year 2024.
What does The Procter & Gamble Company contribute per participant?
The filing reports $96,040 in employer contributions for the year, which is $3 per active participant; the median for plans of the same type and size was $2,417 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $3,054,564 in compensation to service provider organisations, $71.18 per participant or 0.06% of net assets. The same-size median among plans reporting any Schedule C compensation was $36.41 per participant. Administrative expenses on Schedule H were $3,057,714. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is The Procter & Gamble Company. Recordkeeping or administration: Alight Solutions LLC. Investment advisory or management: Alight Solutions LLC, BlackRock and State Street Bank & Trust Co.. Trustee or custodian: BlackRock, Northern Trust Company and State Street Bank & Trust Co.. The financial statements were audited by Deloitte & Touche LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 5 Dec 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 31-0411980, plan 042, received 5 Dec 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.