Company: SNY
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0001104659-25-063669
Chunk: 6

Company: Sanofi
Filing Date: 2025-06-27
Form: 11-K
Chunk 6
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 prescribed by
the Plan document. Eligible participants are allowed to contribute up to 75% of their eligible compensation as either pre-tax contributions,
Roth contributions, or any combination of pre-tax and Roth contributions, and up to 10% in non-Roth after-tax contributions. Contributions
are subject to certain Internal Revenue Code (“IRC”) limitations. IRC limitations for pre-tax and Roth contributions were
$23,000 for 2024 and $22,500 for 2023. Employees 50 years old or older may make an additional catch-up contribution of up to $7,500 for
both 2024 and 2023.

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Sanofi U.S. Group Savings Plan

Notes to the Financial Statements

December 31, 2024 and 2023

Plan participants may make a direct
or indirect rollover contribution to the Plan from a former employer’s tax qualified plan. Participants can also rollover IRA distributions
(excluding minimum required distributions and nondeductible contributions).

The Plan was amended effective October 1,
2018, to prohibit any further investment into the Company Stock Fund including future contributions, reallocations or transfers of existing
account balances, dividends on Company Stock held in the Company Stock Fund, and loan repayments.

Employer Matching Contributions
– The Company matching contribution is 150% of the pre-tax and/or Roth contributions for all participants, up to 6% of eligible
compensation.

Participant Accounts –
Each participant’s account is credited with the participants’ contributions, Company matching contributions, and Plan earnings.
Participant accounts are charged with an allocation of administrative expenses and Plan losses. Allocations are based on participant earnings,
account balances, or specific participant transactions, as defined. The benefit to which a participant is entitled is the benefit that
can be provided from the participant’s vested account.

Upon enrollment into the Plan a participant
may direct employee contributions into any of the Plan’s investment options. Participants may change their investment options at
any time. If a participant does not make investment elections their contributions are defaulted to the age-appropriate target date fund
within the year the participant would reach age 65. Company contributions are allocated in the same manner as that of the participant’s
elective contributions.

Vesting – Effective April 1,
2012, all eligible employees hired on or before March 31, 2012 became 100% vested in their Company matching contribution account.
Employees hired on or after April 1, 2012 will