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Overview

Plan Information

  • Plan Year07/01/2018 — 06/30/2019
  • Date of Plan02/28/1990
  • Net Assets as of 06/30/2019 $3,579,369,402
  • Plan Number42
  • Plan Type Single Employer
  • Is the plan collectively bargained?Yes
  • Did the plan file for an extension of time or the DFVC Program? No
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 06/30/2019

  • Active (Eligible) Participants24,466
  • Retired or separated participants receiving benefits186
  • Other retired or separated participants entitled to future benefits11,153
  • Subtotal35,805
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits306
  • Total36,111
  • Total number of participants as of 07/01/201836,006
  • Number of participants with account balances32,950
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • AddressP and G Tax Division P.O. Box 599
  • CityCincinnati
  • StateOH
  • Zip45201
  • Telephone(513) 983-7777
  • EIN31-0411980
  • Industry Code325600

Plan Administrator Information

  • Administrator NameThe Procter & Gamble U.S. Business Services Company
  • AddressTe-3 Attn-Paul Augustine 2 Procter and Gamble Plaza
  • CityCincinnati
  • StateOH
  • Zip45202-3315
  • Telephone(513) 983-7777
  • Administrator EIN26-0048600

Audit Information

  • Audit StatusAudited
  • AuditorDeloitte & Touche LLP
  • Auditor EIN13-3891517
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2I Stock bonus A stock bonus plan is a type of profit-sharing by which a corporation uses its own stock to make contributions and distributions.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2O ESOP other than a leveraged ESOP An Employee Stock Ownership Plan (ESOP) is a type of employee benefit plan designed to invest primarily in employer stock.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3F Leased Employees Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? Yes $3,707
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $10,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $648,616,886
Contributions $137,424,716
Cash Contributions $137,424,716
Cash from Employers $3,911
Cash from Participants $133,249,957
Others (including rollovers) $4,170,848
Noncash Contributions $0
Total Earnings on Investments $511,192,170
Total Interest $5,002,668
Interest-Bearing Cash $4,107,728
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $894,940
Interest from Other Investments $0
Total Dividends $32,995,608
Preferred Stock $0
Common Stock $32,995,608
Rents $0
Net gain (loss) on sale of assets $27,768,291
Aggregate Proceeds $188,356,697
Aggregate Carrying Amount $160,588,406
Total Unrealized Appreciation (depreciation) of assets $323,524,618
Real Estate $0
Other $323,524,618
Net investment gain (loss) from common/collective trusts $121,900,985
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $0
Expenses $277,575,445
Total Benefit Payments $275,234,785
Directly to participants or beneficiaries, including direct rollovers $275,234,785
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $218,212
Interest expense $0
Total Administrative Expenses $2,122,448
Professional Fees $1,489,904
Contract Administrator Fees $0
Investment Advisory and management fees $632,544
Other Administrative Fees $0
Net Income $371,041,441
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

06/30/2019 06/30/2018 Change YOY
Total Assets $3,579,527,781 $3,208,397,407 11.57%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $336,031 $262,363 28.08%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $336,031 $262,363 28.08%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $1,662,077 $1,795,668 -7.44%
Preferred $0 $0 0.0%
Common $1,662,077 $1,795,668 -7.44%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $17,967,834 $18,074,077 -0.59%
Value of interest in common/collective trusts $2,400,615,007 $2,249,580,494 6.71%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $0 $0 0.0%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $1,158,946,832 $938,684,805 23.46%
Employer Securities $1,158,946,832 $938,684,805 23.46%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $158,379 $160,055 -1.05%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $158,379 $160,055 -1.05%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $3,579,369,402 $3,208,237,352 11.57%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Alight Solutions LLC Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management, Direct payment from the plan, Investment management fees paid directly by plan NONE $1,312,155 $0 $1,312,155
Blackrock Trustee (bank, trust company, or similar financial institution), Trustee (discretionary), Investment management, Direct payment from the plan, Investment management fees paid directly by plan, Other fees NONE $533,655 $0 $533,655
Northern Trust Company Trustee (bank, trust company, or similar financial institution), Direct payment from the plan, Float revenue, Soft dollars commissions, Securities brokerage commissions and fees NONE $177,749 $0 $177,749
State Street Bank & Trust Co. Custodial (other than securities), Custodial (securities), Investment management, Direct payment from the plan, Investment management fees paid directly by plan, Investment management fees paid indirectly by plan NONE $98,889 $0 $98,889
Total $2,122,448 $0 $2,122,448

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Msci Acwi Imi Index Non-Lend Fund F Blackrock Institutional Trust Co Na DFE: Common/Collective Trust $868,804,995
Equity Index Non-Lendable Fund Ex Blackrock Institutional Trust Co Na DFE: Common/Collective Trust $382,562,259
Russell 2000 Index Non-Lend Fund E Blackrock Institutional Trust Co Na DFE: Common/Collective Trust $328,672,902
Msci Acwi Ex-Us Index Non-Lend Fd F Blackrock Institutional Trust Co Na DFE: Common/Collective Trust $264,105,469
Us Debt Index Non-Lend Fund E Blackrock Institutional Trust Co Na DFE: Common/Collective Trust $204,473,889
Short-Term Investment Fund W Blackrock Institutional Trust Co Na DFE: Common/Collective Trust $171,276,174
Real Ret X-Natl Res Eq Nl Fd Cl C State Street Bank and Trust Company DFE: Common/Collective Trust $105,844,224
Us Short Term Govt Credit Bd Idx C State Street Bank and Trust Company DFE: Common/Collective Trust $65,414,629
Nt Coltv Short Term Investment Fund Northern Trust Investments, Inc. DFE: Common/Collective Trust $9,460,466
Total $2,400,615,007

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.