GS — 10-K Filing

The firm recognizes the funded status of its defined benefit pension and postretirement plans, measured as the difference between the fair value of the plan assets and the benefit obligation, in the consolidated balance sheets. As of December 2025, other assets included $90 million (related to overfunded pension plans) and other liabilities included $358 million related to these plans. As of December 2024, other assets included $73 million (related to overfunded pension plans) and other liabilities included $344 million related to these plans. Defined Contribution PlansThe firm contributes to employer-sponsored U. S. and non-U. S. defined contribution plans. The firm’s contribution to these plans was $405 million for 2025, $382 million for 2024 and $377 million for 2023.234Goldman Sachs 2025 Form 10-KTHE GOLDMAN SACHS GROUP, INC. AND SUBSIDIARIES Notes to Consolidated Financial StatementsNote 29. Employee Incentive PlansThe cost of employee services received in exchange for a share-based award is generally measured based on the grant-date fair value of the award. Share-based awards that do not require future service (i.e., vested awards, including awards granted to retirement-eligible employees) are expensed immediately. Share-based awards that require future service are amortized over the relevant service period. Forfeitures are recorded when they occur. Cash dividend equivalents paid on RSUs are generally charged to retained earnings. If RSUs that require future service are forfeited, the related dividend equivalents originally charged to retained earnings are reclassified to compensation expense in the period in which forfeiture occurs. The firm generally issues new shares of common stock upon delivery of share-based awards.

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