Company: SREA
Filing Date: 2025-06-11
Form Type: 11-K
Source: 0001032208-25-000035
Chunk: 42

Company: SEMPRA
Filing Date: 2025-06-11
Form: 11-K
Chunk 42
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 a Required Amendments List for individually designed plans that specifies changes in statutory and administrative requirements. The Company and Plan management believe that the Plan is currently designed and being operated in compliance with the applicable requirements of the IRC, and that the Plan and the Master Trust continue to remain tax exempt. Therefore, no provision for income taxes has been included in the Plan’s financial statements.

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#### 4.

#### INTEREST IN THE MASTER TRUST
The Plan’s investment consists of a divided interest, as discussed below, in the Master Trust. A portion of this interest in the Master Trust is held in a trust account at TRP and the remainder is held in a trust account at the Northern Trust Company, who acts as an agent for TRP and is the custodian of the custom investment funds, except the U.S. Large Cap Equity Fund for which TRP is the custodian. Use of the Master Trust permits the commingling of the trust assets of this and other similar employee benefit plans sponsored by Sempra or an affiliate for investment and administrative purposes. The Plan’s interest in the Master Trust is based on the individual Plan participants’ investment balances (divided interest). Investment income (loss) is allocated by the Trustee on a daily basis through a valuation of the Master Trust’s investments and each individual Plan participant’s share of each investment. Administrative expenses of the Master Trust are allocated to the Plan based upon each individual Plan participant’s share of each investment or the participant’s transaction in a specific investment.

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The net assets available for benefits of the Master Trust at December 31, 2024 and 2023 are summarized as follows (dollars in thousands):

|                                                       |     | December 31, 2024 |           |     |                 |           |
|:------------------------------------------------------|:----|:------------------|----------:|:----|:----------------|----------:|
|                                                       |     |                   |           |     | Plan’s Interest |           |
|                                                       |     | Master Trust      |           |     | in Master Trust |           |
|                                                       |     | Balances          |           |     | Balances        |           |
| Sempra common stock                                   |     | $                 | 1,165,804 |     | $               |   665,310 |
| Mutual funds                                          |     |                   |   400,835 |     |                 |   216,826 |
| Common/collective trusts