Company: BRK-A
Filing Date: 2025-06-20
Form Type: 11-K
Source: 0001193125-25-143559
Chunk: 8

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-06-20
Form: 11-K
Chunk 8
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 the Code. Accounting principles generally accepted in the United States of America require plan management to evaluate tax positions taken by the plan and recognize a tax liability if the plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

| 5. | EXCESS CONTRIBUTIONS PAYABLE |

Amounts payable to participants for contributions in excess of amounts allowed by the IRS are recorded as a liability with a corresponding reduction to contributions. The Plan distributed the 2024 excess contributions to applicable participants prior to March 15, 2025. The Plan distributed the 2023 excess contributions to applicable participants prior to March 15, 2024.

| 6. | ADMINISTRATIVE EXPENSES |

Certain expenses of maintaining the Plan are paid by the Plan, unless otherwise paid by the Company. Expenses that are paid by the Company are excluded from these financial statements. Fees related to the administration of notes receivable from participants are charged directly to the participant’s account and are included in administrative expenses. Investment related expenses are included in net appreciation of fair value of investments.

| 7. | PLAN TERMINATION |

Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. Upon termination, all participants would become 100% vested in their employer contributions and Plan assets would be distributed accordingly. 8

ACME BRICK COMPANY 401(k) RETIREMENT & SAVINGS PLAN Notes to Financial Statements - Continued

| 8. | RELATED PARTIES AND 
 PARTIES-IN-INTEREST |

The Plan holds investments in the common stock of Berkshire; a retirement bank account managed by Bank of America, N.A., which acted as trustee for only those investments as defined by the Plan; and, notes receivable from participant loans. Transactions in such investments qualify as party-in-interesttransactions, which are exempt from the prohibited transaction rules.

| 9. | RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500 |

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

|                                                                |     |   |        Year Ended 
 December 31, 2024 |   |     |   |        Year Ended 
 December 31, 2023 |   |