Ford Motor Company has filed its Form 11-K for the fiscal year ended December 31, 2023, with the United States Securities and Exchange Commission. The report details the financial statements of the Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees, including statements of net assets available for benefits and changes in net assets available for benefits. The Plan's net assets available for benefits increased from $6,518,535,000 at the end of 2022 to $7,674,504,000 at the end of 2023. The Plan, which encourages retirement savings and investment by eligible hourly employees, includes provisions for voting shares of company stock and is subject to ERISA. Contributions to the Plan can be made on a pre-tax, Roth, and/or after-tax basis, with immediate 100% vesting...Show More

Ford Motor Company has filed its Form 11-K for the fiscal year ended December 31, 2023, with the United States Securities and Exchange Commission. The report details the financial statements of the Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees, including statements of net assets available for benefits and changes in net assets available for benefits. The Plan's net assets available for benefits increased from $6,518,535,000 at the end of 2022 to $7,674,504,000 at the end of 2023. The Plan, which encourages retirement savings and investment by eligible hourly employees, includes provisions for voting shares of company stock and is subject to ERISA. Contributions to the Plan can be made on a pre-tax, Roth, and/or after-tax basis, with immediate 100% vesting for employees. The Plan's investments are held in the Ford Defined Contribution Plans Master Trust, and the financial statements have been audited by BDO USA, P.C., which expressed an unqualified opinion on their fairness and conformity with GAAP. The audit report was signed on June 5, 2024, by Matthew Dupuis, a member of the Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees Committee.