Summary by Moomoo AI
Johnson & Johnson has filed its annual Form 11-K report with the SEC for the fiscal year ended December 31, 2023. The report details the financial statements and supplemental schedules for the Johnson & Johnson Savings Plan, which is an employee stock purchase, savings, and similar plan. The financial statements, audited by PricewaterhouseCoopers LLP, indicate that the Plan's net assets available for benefits increased from $21.19 billion in 2022 to $22.18 billion in 2023. The Plan experienced a net investment income of approximately $2.67 billion and contributions totaling over $3.65 billion, while benefit payments and administrative expenses amounted to approximately $1.69 billion. The Plan includes various investment options and allows for employee and employer contributions. The Plan's assets are held in the Johnson & Johnson Pension and Savings Plans Master Trust, managed by State Street Bank and Trust Company. The Plan also includes provisions for loans to participants, with outstanding loans totaling $94 million at the end of 2023. The report was signed by Peter Fasolo, Chairman of the Pension and Benefits Committee, on June 24, 2024.