Company: KHC
Filing Date: 2025-06-23
Form Type: 11-K
Source: 0001637459-25-000121
Chunk: 13

Company: Kraft Heinz Co
Filing Date: 2025-06-23
Form: 11-K
Chunk 13
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 the contract issuers; dissemination of a participant communication that is designed to induce participants to transfer assets from the stable value option; and events resulting in a material and adverse financial impact on the contract issuer, including changes in the Code, laws, or regulations.

As of the date of this filing, EBAB does not believe that the occurrence of any of these events, which would limit the Plan’s ability to transact with the issuer of a synthetic GIC at its contract value with participants, is probable.

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NOTES TO THE FINANCIAL STATEMENTS</div>

Contract issuers are not allowed to terminate any of the above synthetic GICs and settle at an amount different from contract value unless there is a breach of the contract that is not corrected within the applicable cure period. Actions that will result in a breach (after any relevant cure period) include, but are not limited to: material misrepresentation; failure to pay synthetic GIC fees or any other payment due under the contract; and failure to adhere to investment guidelines.

(6) MASTER TRUST:

The following table presents the net assets of the Master Trust (in thousands):

|                                 |     |              | December 31, 2024 |     |                                 |         |     |              | December 31, 2023 |     |                                 |         |
|:--------------------------------|:----|:-------------|------------------:|:----|:--------------------------------|--------:|:----|:-------------|------------------:|:----|:--------------------------------|--------:|
|                                 |     | Master Trust |                   |     | Plan’s Interest in Master Trust |         |     | Master Trust |                   |     | Plan’s Interest in Master Trust |         |
| Investments at contract value:  |     |              |                   |     |                                 |         |     |              |                   |     |                                 |         |
| Synthetic investment contracts  |     | $            |           227,557 |     | $                               |  15,782 |     | $            |           245,086 |     | $                               |  17,333 |
| Investments at fair value:      |     |              |                   |     |                                 |         |     |              |                   |     |                                 |         |
| Collective trusts               |     |              |         3,490,832 |     |                                 | 276,903 |     |              |         3,251,032 |     |                                 |