Company: SREA
Filing Date: 2025-06-11
Form Type: 11-K
Source: 0001032208-25-000035
Chunk: 8

Company: SEMPRA
Filing Date: 2025-06-11
Form: 11-K
Chunk 8
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2024 and 2023, interest rates on participant loans ranged from 4.25% to 9.50% for both years, and participant loans outstanding at December 31, 2024 had maturity dates through October 2039.

#### Forfeited Accounts
— If a participant’s employment terminates prior to being fully vested in their Employer contributions, the non-vested portion of their account is forfeited on the earlier of the date the participant takes a complete distribution of their vested account balance or has five consecutive one-year breaks in service. Participants’ forfeited accounts are transferred to a forfeiture account, which is maintained for the benefit of the Plan as a whole and is not attributable to any given participant. The balance of the forfeiture account is used to reduce future Employer contributions. At December 31, 2024 and 2023, the balances of forfeited non-vested accounts totaled $5,000 for both years. In 2024, Employer contributions were reduced by $63,000 from forfeited accounts.

#### Withdrawals
— The Plan offers a dividend pass-through withdrawal option for cash dividends received on shares of Sempra common stock held in participants’ accounts through the Sempra Stock Fund and for any of the following in-service withdrawal options:

• After-tax and rollover accounts;

• Hardship withdrawals;

• Military service withdrawals;

• Disability withdrawals; and

• Withdrawals at any time on or after a participant attains age 59-1/2.

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#### 2.

#### SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

#### Basis of Accounting
— The accompanying financial statements have been prepared in accordance with U.S. GAAP.

#### Use of Estimates
— The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and changes therein, and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates.

#### Risks and Uncertainties
— As discussed in Notes 1 and 4, the Plan invests in various investment instruments in the Master Trust. Investments, in general, are exposed to various risks and uncertainties, such as interest rate risk, credit risk, and market risk. Market risks include global events which could impact the value of investments, such as a pandemic or international conflict. Due to the level of risk associated with certain investments, it is reasonably possible that changes in the values of