Company: LIN
Filing Date: 2025-06-20
Form Type: 11-K
Source: 0001628280-25-032289
Chunk: 7

Company: LINDE PLC
Filing Date: 2025-06-20
Form: 11-K
Chunk 7
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 years (thirty years for principal home loans). Principal and interest are paid ratably, generally through payroll deductions. The loans are collateralized by the balance in the participant’s account and bear interest at fixed rates determined at loan inception. The loan interest rate is set on a quarterly basis at a rate equal to the prime rate plus 1%. Interest rates on loans outstanding as of December 31, 2024 ranged from 2.25% to 9.50%, with various maturity dates through 2054 . A loan application fee of $50 is charged to the participant's account for each new loan request.

Participant loans are carried at unpaid principal balance plus accrued but unpaid interest. Participant loans are deemed delinquent 90 days after the loan repayment is due and unpaid and are recorded as a distribution in accordance with the terms of the Plan and applicable law. Notes receivable from participants on the Statements of Net Assets Available for Benefits are presented net of delinquent participant loans of $1,468,439 and $1,366,165 at December 31, 2024 and 2023, respectively.

#### Rollovers
Rollovers represent transfers of account balances of certain participants into certain investments of the Plan from other qualified plans or from individual retirement accounts.

#### Unclaimed Benefits and Forfeitures
The benefit payable on behalf of a participant who cannot be located by the Administrator may be forfeited at such time as the Administrator has made the determination. However, the forfeiture will be restored to the participant's account by the Administrator if such participant subsequently makes a valid claim for the benefit. In limited circumstances, when a participant is automatically enrolled in the Plan and then subsequently elects not to participate in the Plan, the participant's matching Company contribution will be forfeited. In addition, Company contributions made on behalf of participants employed by LG&E are forfeited if the participant does not complete three years of service with the Company. Amounts forfeited under the Plan shall be applied either to pay the Plan’s administrative expenses or to reduce future Company contributions. The amounts of forfeiture balances at December 31, 2024 and 2023 were $1,010,860 and $878,847 , respectively. The amount of forfeitures used to reduce employer contributions and pay plan expenses in 2024 and 2023 were $783,371 and $489,964 , respectively.

Note 3 - Summary of Significant Accounting Policies

#### Method of Accounting
The financial statements of the Plan are prepared under the accrual