Summary by Moomoo AI
On November 26, 2024, Procter & Gamble released its annual report for the Savings Plan, covering the fiscal year ending June 30, 2024. The report highlights net assets available for benefits totaling $5.05 billion, up from $4.54 billion in 2023. The increase is attributed to a net appreciation in the fair value of investments, which rose by $611 million, and total investment income of $654.7 million.The plan's participant-directed investments, including P&G common stock and common collective trust funds, reached a fair value of $5.03 billion. Employee contributions amounted to $230.5 million, while benefits paid to participants were $372.8 million. The report also includes a supplemental schedule audited by Deloitte & Touche LLP, confirming compliance with ERISA regulations.The Procter & Gamble Savings Plan remains a robust 401(k) option for employees, offering various investment choices and maintaining compliance with IRS regulations. The plan's management continues to ensure the fair presentation of financial statements, as confirmed by independent audits.
