Liquidation: BERKSHIRE HATHAWAY INC
Form Type: 11-K
Filing Date: 2025-06-27
Corporate Action: Liquidation
Type: New
Accession Number: 000119312525149269
Filing Summary: This document is the annual report for the LiquidPower Specialty Products Inc. 401(k) and Profit Sharing Plan for the fiscal year ended December 31, 2024. The total net assets available for benefits increased to $89,276,929 from $69,917,043 due to additions primarily from investment income and contributions. The report includes an auditor's opinion from Pannell Kerr Forster of Texas, P.C., stating that the financial statements present fairly, in all material respects, the net assets available for benefits and the changes in net assets. The plan is subject to the provisions of ERISA and offers various investment options including Berkshire Hathaway Class B common stock. The plan includes detailed information regarding contributions, investment performance, and provisions for hardship distributions. A significant aspect of the report denotes that the plan has the right to discontinue contributions at any time, potentially indicating a risk of liquidation of the plan. Additionally, issues related to late participant contributions and their corrections are noted as a prohibited transaction. No relevant subsequent events were reported as of June 20, 2025.
Additional details:
Full Title Of Plan: LiquidPower Specialty Products Inc. 401(k) and Profit Sharing Plan
Address Of Plan: 3555 Farnam Street Omaha, Nebraska 68131
Auditor Name: Pannell Kerr Forster of Texas, P.C.
Previous Auditor Service Since: 2019
Net Assets Beginning Of Year: 69,917,043
Net Assets End Of Year: 89,276,929
Investment Income Total: 12,218,369
Participant Contributions Total: 5,081,338
Company Contributions Total: 6,236,941
Net Increase In Net Assets: 19,359,886
Discretionary Profit Sharing Contribution: 2,951,101
Total Deductions: 5,441,750
Benefit And Withdrawal Payments: 5,391,843
Administrative Expenses: 49,907
Tax Status Of Plan: qualified under Section 401(a)
Plan Trustee: Fidelity Management Trust Company
Company Name: LiquidPower Specialty Products Inc.
Company Status: wholly-owned subsidiary of Berkshire Hathaway Inc.
Plan Termination Rights: The Company has the right to discontinue contributions and terminate the Plan at any time.
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