Company: GHC
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0000104889-25-000049
Chunk: 5

Company: Graham Holdings Co
Filing Date: 2025-06-27
Form: 11-K
Chunk 5
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 always have the right to opt out or to elect a different rate of increase; and

• Participants can allocate up to 20% of certain contributions into the Graham Holdings Company Stock Fund, in accordance with the Plan’s provisions.

#### Contributions
Each year, participants may contribute a percentage of pre-tax and Roth annual eligible compensation to the Plan at rates specified in the Plan. The total pre-tax and Roth combined contributions, however, is subject to dollar limitations set forth by the Internal Revenue Code ($23,000 in 2024). Participants age 50 or older by the end of the plan year, may make additional pre-tax or Roth 401(k) contributions (of up to $7,500 in 2024) that are called “catch-up” contributions. Participants may also contribute a percentage of after-tax annual eligible compensation to the Plan at rates established by the Plan Administrator. Eligible participants in the Plan receive Company Matching Contributions equal to 100% of their pre-tax and after-tax contributions up to 1% of their base salary, which does not apply to employees covered under a collectively bargained union or employees of Clyde’s. Union employees may be eligible for a Matching Contribution up to 3% of their base salary depending on their position and length of service. Clyde’s may make a discretionary Company Matching Contribution for its participating employees equal to a percentage (to be determined at the discretion of Clyde’s) of the employees’ pre-tax or Roth contributions not in excess of a percentage (to be determined at the discretion of Clyde’s) of the employee’s compensation. The parameters of this discretionary Company Matching Contribution, and whether it will be made, will be communicated

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to participants on an annual basis. Additionally, the Company may at its discretion contribute a supplemental contribution to the Plan. No such discretionary or supplemental contributions were made in 2024.

Contributions to the Berkshire Hathaway Stock Fund may not exceed 25% of a participant’s own contributions or 25% of the employer contributions to a participant’s account. Exchanges into the Berkshire Hathaway Stock Fund from any other fund(s) may be made only if the resulting investment in the Berkshire Hathaway Stock Fund immediately following the exchange is no more than 25% of the participant’s total account balance.

All investments are participant-directed. If no investment direction is provided, a participant’s contributions will be invested in a Vanguard Target Date Retirement Fund with the target date closest to the year in which the participant reaches age 65. This serves