Company: BRK-A
Filing Date: 2025-06-23
Form Type: 11-K
Source: 0001193125-25-144508
Chunk: 8

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-06-23
Form: 11-K
Chunk 8
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BNSF RAILWAY COMPANY NON-SALARIED EMPLOYEES 401(k) RETIREMENT PLAN Notes to Financial Statements (continued) Forfeited Accounts The Plan provides for the forfeiture of nonvested BNSF Railway matching contributions related to terminated employees. Forfeitures shall be used in the following order (as described by the Plan document):

| – | First, to restore previously forfeited amounts of other participants who have resumed employment with BNSF 
 Railway;                                                                                                   |

| – | Second, to offset future BNSF Railway matching contributions; and |

| – | Finally, to pay administrative expenses of the Plan. |

Forfeitures of $17 thousand were used to offset BNSF Railway matching contributions in 2024. At December 31, 2024 and 2023, unused forfeited balances totaled $23 thousand and $7 thousand, respectively. Plan Amendment and Termination The Plan may be amended at any time. No such amendment, however, may adversely affect the rights of participants in the Plan with respect to contributions made prior to the date of the amendment. BNSF Railway matching contributions are subject to collective bargaining and, based on mutual agreement between the union and BNSF Railway, may be discontinued. The Plan may be terminated at any time at the election of BNSF Railway. However, if there has been no mutual agreement to end matching contributions, such contributions must be made to another plan in which the bargained employees are eligible to participate. In the event the Plan is terminated, each participant shall receive the full amount of Plan assets in their respective accounts. The Plan is subject to the provisions of ERISA applicable to defined contribution plans. The Plan provides for an individual account for each participating employee. Plan benefits are based solely on the amount contributed to the participating employee’s account plus any income, expenses, gains and losses attributed to such account. Consequently, Plan benefits are not insured by the Pension Benefit Guaranty Corporation pursuant to Title IV of ERISA. Voting Rights Each participant is entitled to exercise voting rights attributable to the shares of Berkshire’s Class B common stock allocated to the participant’s account. NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES The following accounting policies, which conform with accounting principles generally accepted in the United States of America (GAAP) and with the requirements of ERISA,have been used consistently in the preparation of the Plan’s financial statements. Basis of Accounting The Plan’s financial statements have been prepared under the accrual basis of accounting in accordance