Company: ADP
Filing Date: 2025-08-06
Form Type: 10-K
Source: 0000008670-25-000037
Chunk: 130

Company: AUTOMATIC DATA PROCESSING INC
Filing Date: 2025-08-06
Form: 10-K
Item: Item 8
Chunk 130
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 spreads, two-sided markets, benchmark securities, bids, offers, reference data, new issue data, and monthly payment information. The pension plans have no Level 1 and Level 3 investments at June 30, 2025.  

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The following table presents the investments of the pension plans measured at fair value at June 30, 2025:  Level 1Level 2Level 3TotalCommingled trusts$— $501.6 $— $501.6 Government securities— 532.4 — 532.4 Corporate and municipal bonds— 783.6 — 783.6 Mortgage-backed security bonds— 15.7 — 15.7 Total pension asset investments$— $1,833.3 $— $1,833.3 In addition to the investments in the above table, the pension plans also held cash and cash equivalents of $104.9 million as of June 30, 2025, which have been classified as Level 1 in the fair value hierarchy.  The following table presents the investments of the pension plans measured at fair value at June 30, 2024:  Level 1Level 2Level 3TotalCommingled trusts$— $679.5 $— $679.5 Government securities— 490.4 — 490.4 Corporate and municipal bonds— 695.4 — 695.4 Mortgage-backed security bonds— 3.9 — 3.9 Total pension asset investments$— $1,869.2 $— $1,869.2 In addition to the investments in the above table, the pension plans also held cash and cash equivalents of $10.4 million as of June 30, 2024, which have been classified as Level 1 in the fair value hierarchy.   Contributions    During fiscal 2025, the Company contributed $20.1 million to the pension plans. The Company expects to contribute $9.7 million to the pension plans during fiscal 2026.Estimated Future Benefit PaymentsThe benefits expected to be paid in each year from fiscal 2026 to the year ended June 30, 2030 are $142.4 million, $154.7 million, $157.4 million, $130.0 million, and $130.3 million, respectively. The aggregate benefits expected to