Summary by Futu AI
Berkshire Hathaway Inc. has filed its annual Form 11-K report with the SEC for the fiscal year ended December 31, 2023. The report pertains to the Clayton Homes, Inc. 401(k) Retirement Plan, which is a defined contribution plan for employees of Clayton Homes, Inc. and its subsidiaries. The independent audit, conducted by LBMC, PC, concluded that the financial statements present fairly the net assets available for benefits, which amounted to $1,318,186,593 at the end of 2023, up from $1,044,852,616 in 2022. The Plan experienced a net increase in assets due to investment appreciation, interest and dividends, and contributions from both employers and participants. The Plan allows for various contributions, including pre-tax and Roth 401(k) contributions, with immediate vesting for Safe Harbor employer contributions. Investments held...Show More