Plan Ledger DOL Form 5500 · updated monthly

Air Products & Chemicals, Inc.401(k) + ESOP (KSOP)

AIR PRODUCTS & CHEMICALS, INC. RETIREMENT SAVINGS PLAN · ALLENTOWN, PA · plan year 2025

Reported admin expense ratio · 2025
0.02%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Air Products & Chemicals, Inc. reported $476,602 in plan administrative expenses for 2025: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,913 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio fell from 0.019% to 0.017%. The plan sits in the over $1B size bracket, benchmarked here against 141 comparable plans and shown alongside other manufacturing employers. By assets it is the 26th-largest of 3,651 plans among Pennsylvania employers on file, and the 118th of 13,661 in manufacturing. In 2025, employees put in $1.29 for every $1.00 the employer contributed; active participation has grown from 5,733 to 6,515 since 2022.

Plan summary
Net assets, end of year$2,817,992,791
Participants with balances8,690
Active participants6,515
Employer contributions$51,551,218
Employee contributions$66,702,795
Employer contribution per active participant$7,913
Average account balance$324,280
Benefits paid to participants$333,734,836
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$2.8B · 8,690 accts · $51.6M emplr
2024$2.7B · 9,202 accts · $53.9M emplr
2023$2.6B · 9,036 accts · $48.8M emplr
2022$2.4B · 8,599 accts · $42.3M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$232,938
Investment management$145,939
Total administrative$476,602
The Air Products & Chemicals, Inc. 401(k) match · 2025
Employer contribution per active participant$7,913
Median for plans this size$5,084
2025$7,913 per active participant
2024$7,800 per active participant
2023$7,915 per active participant
2022$7,380 per active participant

Air Products & Chemicals, Inc.'s 2025 employer contribution ran above the $5,084 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$235,016
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$145,939
TOWERS WATSON INVESTMENT SERVICES · Investment advisory (plan)$97,725

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$476,602 · 0.02%
2024$457,369 · 0.02%
2023$495,663 · 0.02%
2022$500,588 · 0.02%
Same employer
Similar plansManufacturing · Pennsylvania
Glaxosmithkline LLC PA$10.0B · 0.09%
Ppg Industries, Inc. PA$4.3B · 0.08%
Kraft Heinz Foods Company PA$3.9B · 0.03%
The Hershey Company PA$2.1B · 0.09%
Ametek, Inc. PA$1.9B · 0.08%
Saint-Gobain Corporation PA$1.8B · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231274455 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.