Kenvue Inc.401(k) + ESOP (KSOP)
KENVUE SAVINGS PLAN · SKILLMAN, NJ · plan year 2024
Kenvue Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $1,314,278,317 across 4,671 participant accounts, with employer contributions averaging $14,756 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 52nd-largest of 2,419 plans among New Jersey employers on file, and the 251st of 13,661 in manufacturing. In 2024, the employer put in $1.01 for every $1.00 employees contributed themselves.
Kenvue Inc.'s 2024 employer contribution ran above the $5,259 median for plans its size, placing it in the top quarter of its peers. 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 881032011 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.