Company: SREA
Filing Date: 2025-06-11
Form Type: 11-K
Source: 0001032208-25-000035
Chunk: 24

Company: SEMPRA
Filing Date: 2025-06-11
Form: 11-K
Chunk 24
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 Plan permits participants to borrow against the balances in their individual accounts. A participant is limited to borrowing a maximum of 50% of the value of his/her vested account balance, or $50,000 less the participant’s highest outstanding loan balance in the preceding 12 months, whichever is less. The minimum amount that can be borrowed is $1,000. The fee charged for processing a loan is paid by the participant who takes out the loan and the participant also is charged an annual maintenance fee for each year a loan is outstanding. Participants may have up to two loans outstanding, one of which can be a primary residence loan. Primary residence loans are amortized over a maximum repayment period of 15 years, and other loans have a maximum repayment period of five years. All participant loans bear interest at 1% above the prime rate at the time the loan was made. At December 31, 2024 and 2023, interest rates on participant loans ranged from 4.25% to 9.50% for both years, and participant loans outstanding at December 31, 2024 had maturity dates through December 2039.

#### Forfeited Accounts
—If a participant’s employment terminates prior to being fully vested in their Employer contributions, the non-vested portion of their account is forfeited on the earlier of the date the participant takes a complete distribution of their vested account balance or has five consecutive one-year breaks in service. Participants’ forfeited accounts are transferred to a forfeiture account, which is maintained for the benefit of the Plan as a whole and is not attributable to any given participant. The balance of the forfeiture account is used to reduce future Employer contributions. At December 31, 2024 and 2023, the balances of forfeited non-vested accounts totaled $9,000 and $5,000, respectively. In 2024, Employer contributions were reduced by $28,000 from forfeited accounts.

#### Withdrawals
— The Plan offers a dividend pass-through withdrawal option for cash dividends received on shares of Sempra common stock held in participants’ accounts through the Sempra Stock Fund and for any of the following in-service withdrawal options:

• After-tax and rollover accounts;

• Hardship withdrawals;

• Military service withdrawals;

• Disability withdrawals; and

• Withdrawals at any time on or after a participant attains age 59-1/2.

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#### 2.

#### SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES