Company: BRK-A
Filing Date: 2025-06-23
Form Type: 11-K
Source: 0001193125-25-144508
Chunk: 5

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-06-23
Form: 11-K
Chunk 5
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 first 4% of employee-elected before-tax contributions and/or Roth
contributions for each pay period for employees whose collective bargaining agreement provides for a BNSF Railway match. Beginning January 1, 2024, former Montana Rail Link (MRL) employees, less than 1,000 in total, began participating in the
Plan. And the BNSF match for members of the MRL collective bargaining unit is 50% of the first 8% of employee-elected before-tax contributions and/or Roth contributions. Matching contributions are made in
cash, as soon as practicable after the end of each pay period.

In addition, participants under certain collective bargaining agreements
may elect to have BNSF Railway make sick leave deposits into the Plan in lieu of compensation for unused sick time in accordance with an agreement between BNSF Railway and their respective union.

The BLET contribution provides a single vested contribution equal to 25% of 1% of the qualified earnings for each employee in the
engineer’s craft during the preceding calendar year. Qualified earnings include gross earnings paid in the engineer’s craft and any profit-sharing payment made to the eligible employee, including any deferrals made under this Plan, and
excluding certain retroactive payments.

During the 2024 Plan year, in accordance with the provisions of the IRC, no participant could
elect more than $30.5 thousand in before-tax and/or Roth contributions, which included a $7.5 thousand limit for catch-up contributions for participants age 50
or older before the close of the Plan year. This limitation does not include BNSF Railway’s matching. In addition, the Plan provides that annual contributions for highly-compensated employees (as defined by the IRC) may be limited based on the
average rate of contributions for lower-compensated employees. In no event may the total of employee-elected pre-tax contributions, employee after-tax contributions, and
BNSF Railway’s matching contributions exceed the lesser of $69 thousand ($76.5 thousand including catch-up contributions) or 100% of a participant’s compensation, as defined in IRC
Section 415(c)(3), for any participant in a calendar year, subject to certain cost-of-living adjustments. Contributions with respect to any participant may be
further reduced to the extent necessary to prevent disqualification of the Plan under Section 415 of the IRC, which imposes additional limitations on contributions and benefits with regard to employees who participate in other qualified plans.

Participant Accounts

Each participant’s account is credited