Summary by Futu AI
Microsoft Corporation has filed its annual 11-K report with the SEC for the fiscal year ended December 31, 2023. The report details the financial status of the Microsoft Corporation Savings Plus 401(k) Plan, which is subject to ERISA. The Plan's net assets available for benefits saw a significant increase from $39,586,056,567 in 2022 to $53,206,926,788 by the end of 2023. The report, signed by members of the 401(k) Administrative Committee on June 25, 2024, includes comprehensive financial statements and supplemental schedules. It also confirms the Plan's compliance with ERISA's financial reporting requirements and presents the independent auditor's opinion, which states the financial statements fairly present the net assets and changes therein in conformity with GAAP.