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Pension Funds

Berkshire Hathaway subsidiaries plan $193 million in pension contributions

Berkshire Hathaway, Omaha, Neb., said its sponsoring subsidiaries expect to contribute $193 million to their pension plans in 2019, the company disclosed Monday in its 10-K filing with the SEC.

In its filing, the company did not provide further information on how the contributions will be broken down, noting that several subsidiaries sponsor pension plans and can make discretionary contributions as they see fit. In 2018, consolidated employer contributions totaled $593 million.

As of Dec. 31, Berkshire Hathaway's consolidated pension plan assets totaled $14.96 billion, while projected benefit obligations totaled $16.92 billion, for a funding ratio of 88.4%, down from 90.4% the year before.

The discount rate for the pension plans was 3.9% in 2018, up from 3.3% in 2017.

As of Dec. 31, the asset allocation for the plans was 51.3% equity, 22.7% investment funds and other, 11.5% government obligations, 8.8% cash and cash equivalents, and the rest in other fixed maturity securities.