Company: BRK-A
Filing Date: 2025-06-23
Form Type: 11-K
Source: 0001193125-25-144506
Chunk: 7

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-06-23
Form: 11-K
Chunk 7
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 value of the participant’s account in the Plan, including vested employer contributions. Both the Plan and the IRC allow a participant who has not attained age 59 1⁄ 2to withdraw the participant’s pre-taxand Roth contributions only in the event of hardship (as defined in the Plan). Earnings on pre-taxcontributions credited after December 31, 1988, are not available for withdrawal for hardship. No distribution from the Plan, unless in the event of hardship, attainment of age 59 1⁄ 2, or the withdrawal of rollover contributions, will be made until a participant retires, dies (in which case, payment shall be made to his or her beneficiary), becomes disabled or otherwise terminates employment with BNSF. By law, a distribution of benefits must occur or commence no later than April 1 of the calendar year following the latter of the year when a participant attains age 73 or retires. In the event of the death of a participant, the participant’s account is distributed to their beneficiary. Immediate lump-sumdistributions are required in the case of accounts valued at up to $7 thousand. Mandatory lump-sumdistributions which are greater than $1 thousand will be transferred to an individual retirement account for the benefit of the participant unless the participant elects to receive the distribution directly or roll-overthe distribution into another eligible retirement plan. 7

BURLINGTON NORTHERN SANTA FE INVESTMENT AND RETIREMENT PLAN Notes to Financial Statements (continued) Forfeited Accounts The Plan provides for the forfeiture of nonvested BNSF matching contributions related to terminated employees. Forfeitures shall be used in the following order (as described by the Plan document):

| – | First, to restore previously forfeited amounts of other participants who have resumed employment with BNSF; |

| – | Second, to offset future BNSF matching contributions; and |

| – | Finally, to pay administrative expenses of the Plan. |

Forfeitures of $1.3 million were used to offset BNSF matching contributions in 2024. At December 31, 2024 and 2023, unused forfeited balances totaled $137 thousand and $170 thousand, respectively. Plan Amendment and Termination The Plan may be amended at any time. No such amendment, however, may adversely affect the rights of participants in the Plan with respect to contributions made prior to the date of the amendment. BNSF matching contributions may be discontinued and participation by BNSF