Massachusetts › Manufacturing › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2025 to 31 Dec 2025
The Gillette Company Employee Stock Ownership Plan
Sponsored by The Gillette Company LLC, Boston, MA
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 31 Dec 2025, The Gillette Company Employee Stock Ownership Plan covered 1,117 participants and held $294M in net assets. The plan is an employee stock ownership plan sponsored by The Gillette Company LLC of Boston, Massachusetts.
Net assets came to $313,816 per participant in plan year 2024, well above the $50,295 median for defined contribution plans with 1,000 to 4,999 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.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $57K: $51.46 per participant, well below the same-size median of $82.08. Administrative expenses charged to the plan were $59K. 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 $436M in 2021 to $294M in 2025 (down 33%), and participants from 1,354 to 1,117 (down 18%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $313,816 | $50,295 | $62,303 | $53,102 |
| Employer contributions per active participant | — | $2,045 | $2,187 | $2,175 |
| Schedule C compensation per participant | $50.99 | $82.08 | $136 | $123 |
| Schedule C compensation, share of net assets | 0.02% | 0.17% | 0.24% | 0.26% |
| Administrative expenses per participant | $52.19 | $82.20 | $131 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 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 |
|---|---|---|---|---|---|---|
| 2025 | 1,117 | $294M | $262,807 | — | — | $57K |
| 2024 | 1,172 | $368M | $313,816 | — | — | $60K |
| 2023 | 1,234 | $349M | $282,954 | — | — | $61K |
| 2022 | 1,291 | $381M | $294,995 | — | — | $62K |
| 2021 | 1,354 | $436M | $321,662 | — | — | $61K |
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$367,792,322
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results−$42,291,752
- Benefits paid$32,632,651
- Administrative expenses$58,711
- Total expenses$32,691,362
- Net income−$74,983,114
- Net transfers$745,361
- Net assets, end of year$293,554,569
Participants
- Active participants101
- Retired or separated, receiving benefits716
- Retired or separated, entitled to future benefits150
- Participants with account balances1,114
- Total participants, end of year1,117
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Alight Solutions LLC | Recordkeeping and information management; Investment management | $30,356 | $0 |
| Northern Trust Company | Trustee (bank, trust company, or similar financial institution); Other services | $27,130 | $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$30,356
- Trustee and custodial fees$27,130
- Other administrative expenses$1,225
- Total administrative expenses$58,711
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.
- Employer securities$290M · 98.8%
- Registered investment companies (mutual funds)$3.1M · 1.1%
- Common/collective trusts$231K · 0.1%
- Corporate stocks$114K · 0.0%
- Receivables$5,657 · 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 lateNo
- 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
2FERISA section 404(c) plan2OESOP other than a leveraged ESOP3HPlan sponsor(s) is (are) a member(s) of a controlled group3JU.S.-based plan that covers residents of Puerto Rico and is qualified under both codes
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 332900: Other Fabricated Metal Product Mfg.
Other plans of The Gillette Company LLC
| Plan | Participants | Net assets |
|---|---|---|
| The Gillette Co. Ret. Plan for Collectively-Bargained Employees | 769 | $40.5M |
Similar plans in Massachusetts
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Lantheus Medical Imaging, Inc. Retirement Savings Plan | Lantheus Medical Imaging, Inc. | 1,162 | $147M | $126,890 |
| Rebuild Manufacturing 401(k) Plan | Rebuild Manufacturing, LLC | 1,111 | $66.1M | $59,491 |
| Imprivata, Inc. 401(k) Plan | Imprivata, Inc. | 1,191 | $140M | $117,968 |
| Sappi North America, Inc. Salaried Investment Plan | Sappi North America, Inc. | 1,060 | $405M | $382,462 |
| Mestek, Inc. 401(k) & Profit Sharing Plan | Mestek, Inc. | 1,223 | $148M | $120,912 |
| Analogic 401(k) Plan | Analogic Corporation | 982 | $179M | $182,577 |
Defined contribution plans in manufacturing closest in size.
Questions and answers
How big is The Gillette Company Employee Stock Ownership Plan?
1,117 participants at the end of the plan year ending 31 Dec 2025, of whom 101 were active employees, with net assets of $293,554,569. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does The Gillette Company LLC contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $57,486 in compensation to service provider organisations, $51.46 per participant or 0.02% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $58,711. 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 Gillette Company LLC. Recordkeeping or administration: Alight Solutions LLC. Investment advisory or management: Alight Solutions LLC. Trustee or custodian: Northern Trust Company. 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 Jan 2025 to 31 Dec 2025, received by the Department of Labor on 16 Jun 2026. 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 81-3268325, plan 007, received 16 Jun 2026; 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.