Company: GHC
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0000104889-25-000049
Chunk: 14

Company: Graham Holdings Co
Filing Date: 2025-06-27
Form: 11-K
Chunk 14
---
------------:|:----|:-----|:---------------------|:------|:---------------------|:-----|
| Target-date strategy funds  |     | $            | 338,587,009 |     | $ | 267,276,011 |     | None |                      | Daily |                      | None |
| Target income strategy fund |     |              |   6,837,311 |     |   |   7,640,841 |     | None |                      | Daily |                      | None |
| Total                       |     | $            | 345,424,320 |     | $ | 274,916,852 |     |      |                      |       |                      |      |

NOTE 7 – RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500

The following is a reconciliation of net assets available for benefits per the financial statements to Form 5500:

|                                                                 |     | December 31, |       2024 |     |   |       2023 |
|:----------------------------------------------------------------|:----|:-------------|-----------:|:----|:--|-----------:|
| Net assets available for benefits, per the financial statements |     | $            | 76,612,299 |     | $ | 79,264,704 |
| Participant loans reported as deemed distributions              |     |              |    -39,498 |     |   |     -3,690 |
| Net assets available for benefits, per Form 5500                |     | $            | 76,572,801 |     | $ | 79,261,014 |

<div align='center'>10</div>

The following is a reconciliation of deemed distributions of participant loans per the financial statements to Form 5500:

|                                                                                |     | Year Ended        
 December 31, 2024 |        |
|:-------------------------------------------------------------------------------|:----|:------------------|-------:|
| Certain deemed distributions of participant loans per the financial statements |     | $                 |      — |
| Add: Loans deemed distributed current year                                     |     |                   | 39,498 |
| Deduct: Loans deemed distributed prior year                                    |     | $                 | -3,690 |
| Certain deemed distributions of participant loans per the Form 5500            |     | $                 | 35,808 |

Amounts for certain deemed distributions of participant loans are recorded on the Form 5500 when the recordkeeper sends the participant a Form 1099