Company: SNY
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0001104659-25-063672
Chunk: 8

Company: Sanofi
Filing Date: 2025-06-27
Form: 11-K
Chunk 8
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 with a balance in the Plan as of the last business day of each calendar quarter. The administrative budget shall be calculated on a quarterly basis after the end of each quarter and established as an account in the trust in accordance with directions provided by the Company. The administrative budget may be used to pay certain administrative expenses of the Plan, as directed by the Plan's named fiduciary, as defined in Section 402(a)(2) of ERISA. Any amounts credited to the administrative budget and not used in the year so credited shall be allocated as determined by the named fiduciary.For the Plan years 2024 and 2023, TRP contributed $5,023 and $10,948, respectively, to the Plan’s administrative budget account. For 2024 and 2023, the Plan used $769 and $18,822, respectively, of the administrative budget to off-set Plan expenses. In addition, during both 2024 and 2023, $-0- were allocated to participant accounts. As of December 31, 2024 and 2023, the balance of the administrative budget accounts was $9,297 and $4,189, respectively. Included within the year end balances for the Plan Years 2024 and 2023 are revenue sharing contribution receivables of $1,162 and $1,239, respectively, and amounts payable (included in accrued administrative expenses) fromthe administrative budget account of $500 for both years.

| 2. | Summary of Significant Accounting Policies |

Basis of Accounting – The financial statements of the Plan have been prepared in accordance with accounting principles generally
accepted in the United States of America (U.S. GAAP).

Use of Estimates –The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.

Investment Valuation – For investment and administrative purposes, the Plan’s assets are held within the custody of the Master Trust. The Plan’s investment in the Master Trust represents the Plan’s interest in the net assets of the Master Trust.The Plan’s interest in the Master Trust isstated at fair value, except for fully benefit-responsive investment contracts (“FBRICs”) which are reported at contract value, and is based on the beginning of year value of the Plan’s interest in the trust plus actual contributions and allocated investment income or loss less actual