Company: GHC
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0000104889-25-000053
Chunk: 5

Company: Graham Holdings Co
Filing Date: 2025-06-27
Form: 11-K
Chunk 5
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 of 4% of base salary on a pre-tax basis. The default increases at a rate of 1% on an annual basis not to exceed 10%. Participants may at any time change deferral elections and can opt out of auto-enrollment within a 30-day period. If the participant does not enroll in the Plan when they are first eligible to participate or opt out if automatically enrolled, they may enroll at any time thereafter.

• Additionally, the Plan has a feature wherein participants can elect to have pre-tax deferrals automatically increase at increments of 1%, 2%, or 3% on an annual basis up to the limits established by the Plan. Certain restrictions apply and participants always have the right to opt out or to elect a different rate of increase; and

• Participants may allocate up to 20% of their employee contributions into the Graham Holdings Company Stock Fund, in accordance with the Plan’s provisions.

Effective January 1, 2024, Leaf Group Ltd. (also known as World of Good Brands, or WGB), Saatchi Online, Inc. and Society6, LLC became participating employers in the Plan.

Effective July 1, 2024, Hoover Treated Wood Products, Inc. became a participating employer in the Plan when its plans merged with and into the Plan. Effective with these mergers, $13,052,919 from the Hoover Treated Wood Products, Inc. 401(k) Savings Plan and $6,878,488 from the Hoover Treated Wood Products, Inc. 401(k) Retirement Plan were transferred into the Plan.

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#### Contributions
Each year, participants may contribute a percentage of pre-tax and Roth annual eligible compensation to the Plan at rates specified in the Plan. The total pre-tax and Roth combined contributions, however, is subject to dollar limitations set forth by the Internal Revenue Code ($23,000 in 2024). Participants age 50 or older by the end of the plan year, may make additional pre-tax or Roth 401(k) contributions (of up to $7,500 in 2024) that are called “catch-up” contributions. Participants may also contribute a percentage of after-tax annual eligible compensation to the Plan at rates established by the Plan Administrator.

Contributions to the Berkshire Hathaway Stock Fund may not exceed 25% of a participant’s own contributions to a participant’s account. Exchanges into the Berkshire Hathaway Stock Fund from any other fund(s) may be made only if the resulting