Summary by Futu 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 of the Johnson & Johnson Retirement Savings Plan, which is a defined contribution plan for eligible employees. The financial statements, audited by PricewaterhouseCoopers LLP, present the net assets available for benefits and the changes in net assets available for benefits, which are in conformity with U.S. generally accepted accounting principles. The Plan's net assets available for benefits decreased from $511,419,208 at the beginning of the year to $500,054,550 at the end of the year. The Plan includes various investment options and is fully vested for participants. The Plan's investments are managed by State Street Bank and Trust Company and include equity securities, debt instruments, and common collective trusts, among others. The Plan also engages in derivative transactions to manage risk. The Plan's financial statements and supplemental schedules were signed off on June 24, 2024, by Peter Fasolo, Chairman of the Pension and Benefits Committee.