Berkshire Hathaway Inc. has filed its annual Form 11-K report with the SEC for the fiscal year ended December 31, 2023. The report includes audited financial statements for the RC Willey Home Furnishings Combined Retirement Investment Savings Plan, which is a defined contribution plan for employees of the company. The independent audit, conducted by Tanner LLC, concluded that the financial statements present fairly the net assets available for benefits, which amounted to $167,702,590 at the end of 2023, an increase from $142,783,066 in the previous year. The Plan saw a net appreciation in the fair value of investments of $24,762,106 and total investment and interest income of $27,851,558 for the year. Contributions from participants and the employer totaled $11,432,628, while deductions for benefits and administrative expenses were $14,364,662. The...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 includes audited financial statements for the RC Willey Home Furnishings Combined Retirement Investment Savings Plan, which is a defined contribution plan for employees of the company. The independent audit, conducted by Tanner LLC, concluded that the financial statements present fairly the net assets available for benefits, which amounted to $167,702,590 at the end of 2023, an increase from $142,783,066 in the previous year. The Plan saw a net appreciation in the fair value of investments of $24,762,106 and total investment and interest income of $27,851,558 for the year. Contributions from participants and the employer totaled $11,432,628, while deductions for benefits and administrative expenses were $14,364,662. The Plan's investments are primarily in mutual funds, common stock, and a common/collective trust fund, with Berkshire Hathaway Class B common stock being one of the investment options. The Plan is subject to the provisions of ERISA and is believed to be in compliance with the IRC, maintaining its qualified status and tax-exempt trust. The audit firm Tanner LLC has been the Plan's auditor since 2019.