Company: BRK-A
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0001193125-25-149269
Chunk: 3

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-06-27
Form: 11-K
Chunk 3
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% of each employee’s eligible earnings, but not more than the maximum allowed by law. A participant upon proper notice and approval may enter into a special salary reduction agreement to make deferral          
 contributions from any employer paid cash bonuses in an amount up to 100% of such bonuses, but not more than the maximum allowed by law. Unless a participant has entered into a special salary reduction agreement with respect to bonuses, the 
 percentage deferred from any employer paid cash bonus shall be zero. Employee contributions are subject to Internal Revenue Code (the “IRC”) limitations. The maximum contribution allowed by the Plan was $23,000 in 2024. Employees who are    
 50 years or older as of December 31, 2024 and reach either the maximum before-tax contribution limit of 75% or maximum contribution allowed by the Plan may make                                                                                 
 catch-up contributions. The catch-up contribution limit was $7,500 for 2024.                                                                                                                                                                     |

The Company adopted the Safe Harbor Provision of the IRC. The Company contributes and allocates to each eligible participant’s account a safe harbor matching contribution equal to 100% of elective salary deferrals up to the first 6% of compensation. The Company may also make a discretionary profit sharing contribution to participants who are employed at the end of the year and have 1,000 hours of service. The discretionary profit sharing contribution is divided among allocations groups as defined in the Plan document. Discretionary profit sharing contributions for the year ended December 31, 2024 were $2,951,101. Any employee of the Company may roll over distributions made from a previous employer’s qualified retirement plan into the Plan.

| c. | Participant Accounts. Each participant’s account is credited with the employee’s                                                                                                                                                               
 contributions and an allocation of the Company’s contributions, investment earnings and charged with an allocation of administrative expenses. Allocations are based on participants’ earnings or account balances, as defined. The benefit to 
 which a participant is entitled is the benefit that can be provided from the participant’s vested account.                                                                                                                                     |

| d. | Vesting. Participants have a fully vested, nonforfeitable right to employee and Company 
 contributions.                                                                          |

| e. | Investment Options. All employee and Company contributions are participant-directed among twenty-four 
 investment funds and Berkshire Hathaway Class B common stock.                                         |

| f. | Payment of Benefits. Withdrawals of employer contributions from the Plan by participants can be made                                                                                                                  
 at the Plan designated normal retirement (age 55), when