Company: BRK-A
Filing Date: 2025-06-23
Form Type: 11-K
Source: 0001193125-25-144508
Chunk: 7

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-06-23
Form: 11-K
Chunk 7
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 Receivable from Participants Participants may borrow from their accounts a minimum of $1 thousand up to a maximum equal to the lesser of $50 thousand or 50% of their vested account balance. Participants may have up to two loans outstanding at any time. Loan transactions are treated as a transfer to (from) the investment fund from (to) the participant loan account. Loan terms can be up to five years, or fifteen years for the purchase of a primary residence. The loans are collateralized by the balance in the participant’s account and bear fixed interest at the prime rate as of the first business day of the quarter in which the loan is made plus 1%. Interest rates on loans outstanding as of December 31, 2024 and 2023, range from 4.25% to 11.50% and 4.25% to 10.50%, respectively. Principal and interest are paid ratably through payroll deductions for active employees. Benefit Payments to Participants Subject to certain Plan and IRC restrictions, a participant may, at any time, elect to withdraw all or a specified portion of the value of the participant’s account in the Plan, including vested BNSF Railway’s matching contributions. Both the Plan and the IRC allow a participant who has not attained age 59 1⁄ 2to withdraw the participant’s pre-taxand Roth contributions only in the event of hardship (as defined in the Plan). Earnings on pre-taxcontributions credited after December 31, 1988, are not available for withdrawal for hardship. No distribution from the Plan, unless in the event of hardship, attainment of age 59 1⁄ 2, or withdrawal of rollover contributions, will be made until a participant retires, dies (in which case, payment shall be made to his or her beneficiary), becomes disabled or otherwise terminates employment with BNSF Railway. By law, a distribution of benefits must occur or commence no later than April 1 of the calendar year following the latter of the year when a participant attains age 73 or retires. In the event of the death of a participant, the participant’s account is distributed to their beneficiary. Immediate lump-sumdistributions are required in the case of accounts valued at up to $7 thousand. Mandatory lump-sumdistributions which are greater than $1 thousand will be transferred to an individual retirement account for the benefit of the participant unless the participant elects to receive the distribution directly or roll-over the distribution into another eligible retirement plan. 7