Company: BRK-A
Filing Date: 2025-06-20
Form Type: 11-K
Source: 0001193125-25-143752
Chunk: 3

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-06-20
Form: 11-K
Chunk 3
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 subject to the Employee Retirement Income Security Act of 1974 (ERISA). Contributions: Participants may voluntarily make qualified retirement contributions to the Plan which are deductible by the participants for federal income tax purposes under Section 401(k) of the Internal Revenue Code (“IRC”) or may be made after-taxin the form of a Roth 401(k) contribution. If a participant elects to contribute to the Plan, they may contribute from 1% up to 75% of their eligible wages. Participants who fail to make an affirmative election are automatically enrolled at a 4% deferral rate upon becoming eligible to participate in the Plan, increasing by 1% each year, up to 11%, and they may elect to change or discontinue deferrals at any time. Participant after-taxcontributions are limited to 18% of the participant’s eligible compensation. Participants may elect to contribute up to a maximum of $23,000 and $22,500 per participant for 2024 and 2023, respectively, plus an additional $7,500 for participants age 50 or older for both 2024 and 2023. The maximum contribution amount is adjusted annually for inflation, as announced by the United States Secretary of the Treasury. Participants’ contributions to the Plan are made by means of payroll deductions during each regular payroll period. Participants direct investments of their contributions into various investment options offered by the Plan. The Company provided a Safe Harbor match consisting of a 4% match during 2024 and 2023. Under a Safe Harbor Plan, Safe Harbor 401(k) matching contributions are immediately 100% vested. Rollover contributions from other qualified plans and individual retirement accounts are allowed by the Plan. Participant Accounts: During the Plan year, participants’ accounts are increased by the participants’ elective deferrals, the Employer’s contributions, and their respective proportionate shares of any investment earnings and increases in the fair value of the funds during the year. Participants’ accounts are reduced by any payments made from such accounts and their respective proportionate shares of any decreases in the fair market value of the funds. Allocations are based on participants’ earnings or account balances, as defined by the Plan document. The benefit to which participants are entitled is the benefit that can be provided from the participants’ vested accounts. Vesting: Participants are 100% vested in their voluntary contribution account and their Safe Harbor employer contribution account. Payment of Benefits: Benefit distributions equal to participants’ vested account balances are payable to participants or their beneficiaries upon the earlier of retirement