Company: SNY
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0001104659-25-063669
Chunk: 4

Company: Sanofi
Filing Date: 2025-06-27
Form: 11-K
Chunk 4
---
 |     |      |               |     |      |               |
| Distributions                                                     |     |      |   764,248,179 |     |      |   650,151,065 |
| Fees and administrative expenses                                  |     |      |     1,019,893 |     |      |     1,294,898 |
| Total deductions                                                  |     |      |   765,268,072 |     |      |   651,445,963 |
| Increase in net assets available for benefits                     |     |      |   694,335,468 |     |      |   959,839,288 |
| Transfer in (see Note1)                                           |     |      |             - |     |      |     9,648,885 |
| NET ASSETS AVAILABLE FOR BENEFITS                                 |     |      |               |     |      |               |
| Beginning of year                                                 |     |      | 7,800,386,450 |     |      | 6,830,898,277 |
| End of year                                                       |     |      | 8,494,721,918 |     | $    | 7,800,386,450 |

<div align='center'>The accompanying notes are an integral part of these financial statements.

5</div>

Sanofi U.S. Group Savings Plan

Notes to the Financial Statements

December 31, 2024 and 2023

| 1. | Description of the Plan |

The following description of the Sanofi
U.S. Group Savings Plan (the “Plan”) provides only general information. Participants should refer to the Plan document for
a more complete description of the Plan’s provisions.

Plan Description – The
Plan is a defined contribution plan that covers substantially all employees of Sanofi U.S. Inc.; Sanofi U.S. LLC; Sanofi Pasteur Inc.;
and Sanofi Genzyme (the “Company”), as they meet the prescribed eligibility requirements. All employees are eligible to participate
in the Plan beginning on the first day of employment. The Plan is subject to the provisions of the Employee Retirement Income Security
Act of 1974 (“ERISA”).

Plan Merger – Effective
December 1, 2023, certain participant account balances of the Trinet 401(k) plan, sponsored by ProventionBio Inc., were transferred
into the Plan. As a result of the transfer the Plan received total assets of $9,648,885