Company: BRK-A
Filing Date: 2025-06-20
Form Type: 11-K
Source: 0001193125-25-143752
Chunk: 6

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-06-20
Form: 11-K
Chunk 6
---
 net assets available for benefits.                                                                                                                                                 |

Notes Receivable from Participants: Notes receivable from participants are reported at their unpaid principal balance plus any accrued but unpaid interest, with no allowance for credit losses, as repayments of principal and interest are received through payroll deductions and the notes are collateralized by the participants’ account balances. Notes receivable from participants are $54,193,299 and $43,380,105 as of December 31, 2024 and 2023, respectively. Payment of Benefits: Benefits are recorded when paid. Events Occurring After Reporting Date: Plan management has evaluated events and transactions that occurred between December 31, 2024 and the issuance of the report for possible recognition or disclosure in the financial statements. NOTE 3 – TAX STATUS OF PLAN The Plan obtained a favorable determination letter on February 13, 2017, in which the Internal Revenue Service (“IRS”) state that the Plan was in compliance with the applicable requirement of the IRC. The Plan is required to operate in conformity with the IRC to maintain its qualification. The Plan has been amended since receiving the determination letter. However, the Plan Administrator believes that the Plan is designed and is currently being operated in compliance with the applicable provisions of the IRC. Accounting principles generally accepted in the United States of America require plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS.

| 8. |

CLAYTON HOMES, INC. 401(K) RETIREMENT PLAN NOTES TO FINANCIAL STATEMENTS December 31, 2024 and 2023 NOTE 3 – TAX STATUS OF PLAN(Continued) The Plan Administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. NOTE 4 – PLAN TERMINATION Although it has not expressed any intention to do so, the Company has the right to discontinue contributions at any time and to terminate the Plan subject to the related provisions of ERISA. NOTE 5 – PARTY-IN-INTERESTTRANSACTIONS Parties-in-interestare defined under Department of Labor regulations as any fiduci