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11-K: Annual report of employee stock purchase, savings and similar plans (and amendment thereto)

SEC announcement ·  Jun 15 04:46
Summary by Futu AI
Berkshire Hathaway-B has filed its Form 11-K annual report for the fiscal year ended December 31, 2023, with the United States Securities and Exchange Commission. The report details the financial status of the BNSF Railway Company Non-Salaried Employees 401(k) Retirement Plan. The independent audit, conducted by Whitley Penn LLP, concluded that the financial statements present fairly the net assets available for benefits, which amounted to $4,156,546 at the end of 2023, an increase from $3,595,177 in 2022. The Plan saw a net increase in assets of $561,369 for the year, primarily due to investment income from the BNSF 401(k) Plans Master Trust. The Plan offers various investment options, including Berkshire Hathaway Inc. Class B common stock, mutual funds, and common/collective trusts. Participants are vested...Show More
Berkshire Hathaway-B has filed its Form 11-K annual report for the fiscal year ended December 31, 2023, with the United States Securities and Exchange Commission. The report details the financial status of the BNSF Railway Company Non-Salaried Employees 401(k) Retirement Plan. The independent audit, conducted by Whitley Penn LLP, concluded that the financial statements present fairly the net assets available for benefits, which amounted to $4,156,546 at the end of 2023, an increase from $3,595,177 in 2022. The Plan saw a net increase in assets of $561,369 for the year, primarily due to investment income from the BNSF 401(k) Plans Master Trust. The Plan offers various investment options, including Berkshire Hathaway Inc. Class B common stock, mutual funds, and common/collective trusts. Participants are vested immediately in their contributions, with BNSF Railway's matching contributions vesting over time. The Plan is subject to ERISA and is designed to comply with the Internal Revenue Code, with no uncertain tax positions as of December 31, 2023. The Plan's investments are managed by Vanguard Fiduciary Trust Company, with administrative expenses paid by BNSF Railway.

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