Company: PCG-PB
Filing Date: 2025-06-24
Form Type: 11-K
Source: 0001004980-25-000121
Chunk: 4

Company: PG&E Corp
Filing Date: 2025-06-24
Form: 11-K
Chunk 4
---
Participants may elect to contribute any amount in one percent (1%) increments from one to fifty percent (50%) of their eligible compensation on a pre-tax basis, on an after-tax basis, or a combination of both. Participants may also contribute amounts representing distributions from other qualified plans into the Plan. Such “rollover” contributions are not subject to federal or state income taxes until withdrawn or distributed from the Plan.

As provided by the Internal Revenue Code (“Code”), the following table provides the dollar limitations under a 401(k) retirement plan for 2024 and 2023. Section 415(d) of the Code requires the limits to be adjusted annually for cost-of-living increases.

|                                |     | 2024 Limits |     | 2023 Limits |
| Annual compensation(1)         |     |    $345,000 |     |    $330,000 |
| Defined contribution limits(2) |     |     $69,000 |     |     $66,000 |
| Elective deferral(3)           |     |     $23,000 |     |     $22,500 |
| Catch-up contributions(4)      |     |      $7,500 |     |      $7,500 |

(1) Annual compensation is eligible compensation for the purposes of the Plan and is limited by the Code.

(2) All Plan contributions, including pre-tax and after-tax participant contributions and all employer contributions, may not exceed the lesser of hundred percent (100%) of the participant’s eligible compensation or Code limits.

(3) Participant pre-tax contributions are considered elective deferrals and are limited by the Code.

(4) Participants age 50 and older are permitted to make additional pre-tax contributions (catch-up contributions) according to the Code.

All participants hired on or after January 1, 2013 or rehired after January 1, 2013 and originally hired prior to January 1, 2013 and who had a break in service after January 1, 2013, are eligible for a seventy-five percent (75%) matching employer contribution of their elective employee contributions up to eight percent (8%) of eligible compensation.

<div align='center'>5</div>

All other participating employees hired before January 1, 2013 who elected to contribute to the Plan are eligible for a seventy-five percent (75%) matching employer contribution of their elective employee contributions not to exceed six percent (6%) of eligible compensation. In December 2013, these participants were