Plan Ledger DOL Form 5500 · updated monthly

The Procter & Gamble CompanyESOP

PROCTER & GAMBLE PROFIT SHARING TRUST & EMPLOYEE STOCK OWNERSHIP PLAN · CINCINNATI, OH · plan year 2023

Reported admin expense ratio · 2023
0.01%

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

The Procter & Gamble Company reported $2,657,600 in plan administrative expenses for 2023: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $10,224 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 has held roughly steady near 0.014%. The plan sits in the over $1B size bracket, benchmarked here against 1,075 comparable plans and shown alongside other manufacturing employers. By assets it is the 2nd-largest of 3,295 plans among Ohio employers on file, and the 13th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$22,293,464,477
Participants with balances58,791
Active participants33,968
Employer contributions$347,278,785
Employee contributions—
Employer contribution per active participant$10,224
Average account balance$379,199
Benefits paid to participants$1,420,585,751
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.2B · 60,100 accts · $448.0M emplr
2023$22.3B · 58,791 accts · $347.3M emplr
2022$21.1B · 57,901 accts · $317.9M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,858,641
Investment management$394,104
Trustee / custodial$399,080
Total administrative$2,657,600
Employer contributions to the The Procter & Gamble Company plan · 2023
Employer contribution per active participant$10,224
Median for plans this size$5,237
2024$12,734 per active participant
2023$10,224 per active participant
2022$9,845 per active participant

The Procter & Gamble Company's 2023 employer contribution ran above the $5,237 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.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
ALIGHT SOLUTIONS LLC · Recordkeeping$1,858,641
NORTHERN TRUST COMPANY · Trustee$394,680
BLACKROCK · Trustee · Trustee (discretionary)$314,664
STATE STREET BANK & TRUST CO. · Custodial · Custodial (securities)$79,440

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

Recordkeeper by year2
2024Alight
2023Alight

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$3,116,430 · 0.01%
2023$2,657,600 · 0.01%
2022$2,998,204 · 0.01%
All plans at this employer2
PROCTER & GAMBLE PROFIT SHARING TRUST & EMPLOYEE STOCK OWNERSHIP PLANESOP
THE PROCTER & GAMBLE SAVINGS PLAN401(k) + ESOP (KSOP)
Same employer
Similar plansManufacturing · Ohio
General Electric Company OH$24.8B · 0.01%
Johnson and Johnson NJ$23.6B · 0.18%
Caterpillar Inc. TX$23.0B · 0.04%
Pfizer Inc NY$22.0B · 0.05%
Chevron Corporation CA$20.4B · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310411980 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.