Company: LBRDK
Filing Date: 2025-06-17
Form Type: 11-K
Source: 0001611983-25-000024
Chunk: 4

Company: Liberty Broadband Corp
Filing Date: 2025-06-17
Form: 11-K
Chunk 4
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 Contributions, which will be included in the participant's current earnings for federal income tax purposes and are not taxable upon distribution.

Eligible employees of the Company may elect, if certain requirements are met, to reduce their eligible compensation in any amount up to 50% of such compensation subject to a maximum of $23,000 in 2024 and $22,500 in 2023. Contributions may be made as salary reduction or Roth 401(k) contributions or a combination of both.

Compensation considered for all Plan purposes is subject to a compensation ceiling of $345,000 and $330,000 in 2024 and 2023, respectively. Participants who have attained age 50 before the end of the plan year are eligible to make catch-up contributions of no more than $7,500 per year for the years ended December 31, 2024 and 2023. Participant catch-up contributions are not eligible for Company matching contributions.

The Plan allows up to 100% matching of employee contributions. Company matching contributions made to the Plan may be invested in any Plan offered investment choice at any time by the participant. The Plan currently offers various mutual funds, common stock of Liberty Broadband and other investments through a self-directed brokerage account option. For the years ended December 31, 2024 and 2023, the Company matched 100% of participant's contributions, up to a maximum match of 10% of each participant's eligible compensation, for employees of GCICC, UUI, and Unicom.

Matching amounts contributed to the Plan by the Company are not taxed to the participant until distribution. Plan earnings on Company matching contributions are taxable to the employee either upon distribution or, in the case of certain qualifying Liberty Broadband common stock distributions, upon eventual disposition of the stock.

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GCI 401(k) Plan Notes to Financial Statements December 31, 2024 and 2023

Rollovers Participants may elect to rollover amounts from other qualified plans or individual retirement accounts in the Plan, provided that certain conditions are met. Participant Accounts Each participant account is credited with the participant's contributions, employer matching contributions and allocations of Plan earnings and losses, as determined by the Plan document. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account. Vesting Participant contributions and rollover contributions are always fully vested. The participant's interest in the Company matching contribution portion of their account (“Matching Account”) is vested based upon years