Employers › Air Products and Chemicals
Recordkeeping fees per participant · Air Products & Chemicals, Inc. Retirement Savings Plan · plan year 2024
$31.52
Higher than 45% of the 790 plans over $1B that report it.
= $290,070 / 9,202
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250708151748NAL0007147232001, received 2025-07-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250708151748NAL0007147232001, received 2025-07-08
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-08.
Administrative expenses excluding investment management, per participant
$39.68
Higher than 41% of the 1,045 plans over $1B that report it.
= $365,103 / 9,202
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250708151748NAL0007147232001, received 2025-07-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250708151748NAL0007147232001, received 2025-07-08
Administrative expenses per participant
$49.70
Higher than 29% of the 1,076 plans over $1B that report it.
= $457,369 / 9,202
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250708151748NAL0007147232001, received 2025-07-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250708151748NAL0007147232001, received 2025-07-08
Administrative expenses as a share of assets
0.017%
Higher than 14% of the 1,076 plans over $1B that report it.
= $457,369 / $2,732,907,838
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250708151748NAL0007147232001, received 2025-07-08
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250708151748NAL0007147232001, received 2025-07-08
Employer contributions per participant
$5,861
Higher than 75% of the 1,135 plans over $1B that report it.
= $53,932,485 / 9,202
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250708151748NAL0007147232001, received 2025-07-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250708151748NAL0007147232001, received 2025-07-08
Employer share of total contributions
36.9%
Higher than 64% of the 1,135 plans over $1B that report it.
= $53,932,485 / $146,001,622
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250708151748NAL0007147232001, received 2025-07-08
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250708151748NAL0007147232001, received 2025-07-08
Employer match
“Since 1 January 2022, the Company will match 50% of the first 6% of an eligible Participant's annual salary that is deferred to the Plan as a before-tax contribution or a Roth 401(k) contribution.”
Form 11-K filed 2026-06-23, for the year ended 2025-12-31 · plan description note, contributions · source document
Vesting
“Participants are immediately vested in 100% of their elected salary deferrals, rollover contributions, the Company’s matching contributions, Company core contributions, and earnings thereon.”
Form 11-K filed 2026-06-23, for the year ended 2025-12-31 · plan description note, vesting · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2A age/service-weighted · 2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2S pre-approved plan document · 2T default investment (QDIA) · 3F · 3H controlled-group sponsor · 2R participant brokerage window · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250708151748NAL0007147232001, received 2025-07-08
| Field | Value | Source |
|---|---|---|
| Plan sponsor | AIR PRODUCTS & CHEMICALS, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Plan name | AIR PRODUCTS & CHEMICALS, INC. RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Sponsor EIN / plan number | 23-1274455 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Sponsor location | ALLENTOWN, PA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Industry (business code) | 325900, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Filing received | 2025-07-08 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Participants, beginning of year | 9,128 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Active participants | 6,914 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Participants, end of year | 10,309 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Participants with an account balance | 9,202 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Total assets, beginning of year | $2,582,151,131 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Total assets, end of year | $2,732,907,838 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Net assets, end of year | $2,730,747,770 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Total income | $489,068,013 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Net income | $149,603,031 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Employer contributions | $53,932,485 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Participant contributions | $69,608,561 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Other contributions (incl. rollovers) | $22,460,576 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Total contributions | $146,001,622 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Benefit payments | $339,007,613 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Total expenses (incl. benefit payments) | $339,464,982 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Total administrative expenses | $457,369 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Contract administrator fees | $3,300 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Recordkeeping fees | $290,070 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Investment advisory and management fees | $92,266 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Administrative expenses excluding investment management | $365,103 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Held in common/collective trusts | $1,707,920,378 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Held in mutual funds | $382,861,797 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250708151748NAL0007147232001, received 2025-07-08 |
| Independent auditor | DELOITTE & TOUCHE LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250708151748NAL0007147232001, received 2025-07-08 |
Position = column in the DOL layout for form year 2024. Filing 20250708151748NAL0007147232001, received 2025-07-08.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $298,500 | yes |
| STRATEGIC ADVISORS, INC. | ADVISOR | 27 Investment advisory (plan) | $92,266 | no |
| TOWERS WATSON INVESTMENT SERVICES | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $71,733 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250708151748NAL0007147232001, received 2025-07-08.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $2,582,151,131 | $2,732,907,838 | 5.8% |
| Participants with a balance | 9,036 | 9,202 | 1.8% |
| Administrative expenses | $495,663 | $457,369 | -7.7% |
| Recordkeeping fees per participant | $37.96 | $31.52 | -17.0% |
| Employer contributions | $48,837,729 | $53,932,485 | 10.4% |
Prior filing 20240710091105NAL0031468722001, received 2024-07-10; the plan years are contiguous.
Sponsor name as filed: AIR PRODUCTS & CHEMICALS, INC.; SEC registrant: Air Products & Chemicals, Inc. (CIK 2969, matched by EIN; display name from the Form 11-K cover).