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

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 by the Plan include mutual funds, collective trusts, and Berkshire Hathaway Class B common stock. The Plan is in compliance with the Internal Revenue Code and ERISA, with no uncertain tax positions as of the reporting date. The Plan is subject to routine audits but has no current audits in progress. Berkshire Hathaway Inc. retains the right to discontinue contributions or terminate the Plan, although no intention to do so has been expressed.