Company: BRK-A
Filing Date: 2025-06-25
Form Type: 11-K
Source: 0001193125-25-146903
Chunk: 6

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-06-25
Form: 11-K
Chunk 6
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 Once a participant’s employment ends and the participant reaches age 72, the participant must make the required minimum distributions as imposed by IRS guidelines. If a participant remains employed by the Company after reaching age 72, the participant may delay the distribution of their account until retirement. Distributions are paid directly to an eligible retirement plan specified by the participant (or designated beneficiary) in a direct rollover or to an Individual Retirement Account. Distributions can also be paid in cash, if so elected. In addition, terminated employees with account balances in excess of $7,000 may elect to leave their account balance in the Plan and share in future investment results only. Under the Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”), Plan participants may take a distribution of up to $5,000 as a penalty-free early withdrawal from their retirement plan to help cover expenses related to the adoption or birth of a child. The distribution may be repaid at a later date if the participant so chooses. 5

BENJAMIN MOORE & CO. DEFERRED SAVINGS AND INVESTMENT PLAN Notes to Financial Statements December 31, 2024 and 2023 N OTEA - D ESCRIPTION OFP LAN(C ONTINUED) Effective January 1, 2024, participants who self-certify they have been a victim of domestic abuse shall be permitted to take a withdrawal, without penalty, in an amount up to the lesser of $10,000 (adjusted for cost of living increases) or 50% of the sum of the vested balances in the participant’s account.

| [6] | Notes receivable from participants: |

Participants may borrow from their participant-directed account balance, with a minimum loan amount of $500, up to a maximum equal to the lesser of $50,000 or 50 percent of their account balance. No more than one loan per participant may be outstanding at any time. All loans are evidenced by a promissory note. The loans are secured by the balance in the participant’s account and interest is accrued at the defined prime rate at the beginning of the month that the loan was originated plus one percentage point. Principal plus interest on participant loans is generally repaid in five years in equal installments through payroll deductions each pay period. The maximum term for participant loans used for first-time home purchases is fifteen years. Delinquent notes receivable from participants are reclassified as distributions based upon the terms of the Plan Document. When an employee terminates