11-K 1 a401k11k2024.htm 11-K Document

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

Form 11-K

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2024

or

TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______ to _______

Commission File Number: 001-14965

A.    Full title of the plan and the address of the plan, if different from that of issuer named below:

The Goldman Sachs 401(k) Plan

B.    Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

THE GOLDMAN SACHS GROUP, INC.
200 West Street
New York, NY 10282


THE GOLDMAN SACHS 401(k) PLAN
FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES
INDEX
Page No.
Fair Value Measurements
*All other schedules required by 29 CFR §2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, as amended, are not included because they are not applicable.




Report of Independent Registered Public Accounting Firm

To the Administrator and Plan Participants of The Goldman Sachs 401(k) Plan

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of The Goldman Sachs 401(k) Plan (the “Plan”) as of December 31, 2024 and 2023 and the related statements of changes in net assets available for benefits for the years then ended including the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2024 and 2023, and the changes in net assets available for benefits for the years then ended in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.




Supplemental Information

The supplemental schedule of assets (held at end of year) as of December 31, 2024, schedule of assets (acquired and disposed of within year) for the year ended December 31, 2024 and schedule of reportable transactions for the year ended December 31, 2024 have been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental schedules are the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental schedules reconcile to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedules. In forming our opinion on the supplemental schedules, we evaluated whether the supplemental schedules, including their form and content, are presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental schedules are fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ PricewaterhouseCoopers LLP

New York, New York
June 12, 2025

We have served as the Plan’s auditor since at least 1983. We have not been able to determine the specific year we began serving as auditor of the Plan.



1

THE GOLDMAN SACHS 401(k) PLAN
Statements of Net Assets Available for Benefits
As of December
$ in thousands20242023
Assets
Investment assets (at fair value)$12,558,192 $11,147,098 
Receivables:
Employee contributions67 65 
Employer contributions200,759 206,873 
Notes receivable from participants31,125 28,726 
Interest and dividends13,055 15,133 
Due from brokers and other receivables4,755 30,744 
Total assets12,807,953 11,428,639 
Liabilities
Investment liabilities (at fair value)2 4,319 
Due to brokers and other payables41,841 97,196 
Accrued expenses5,167 4,941 
Total liabilities47,010 106,456 
Net assets available for benefits$12,760,943 $11,322,183 

The accompanying notes are an integral part of these financial statements.

2

THE GOLDMAN SACHS 401(k) PLAN
Statements of Changes in Net Assets Available for Benefits
Year Ended December
$ in thousands20242023
Additions
Investment income:
Net appreciation in the fair value of investments$1,687,677 $1,612,595 
Interest and dividends121,689 118,568 
Less: Investment management fees and other expenses(16,117)(14,915)
Total investment income1,793,249 1,716,248 
Interest income on notes receivable from participants2,050 1,552 
Contributions:
Employee393,787 372,102 
Employer200,759 206,873 
Assets transferred  7,980 
Total contributions594,546 586,955 
Total additions2,389,845 2,304,755 
Deductions
Benefits paid951,085 613,799 
Total deductions951,085 613,799 
Net increase in net assets available for benefits1,438,760 1,690,956 
Net assets available for benefits, beginning balance11,322,183 9,631,227 
Net assets available for benefits, ending balance$12,760,943 $11,322,183 

The accompanying notes are an integral part of these financial statements.

3

THE GOLDMAN SACHS 401(k) PLAN
Notes to Financial Statements

Note 1.
Plan Description
The following description of The Goldman Sachs 401(k) Plan (the Plan) is provided for general information purposes only. The Plan sponsor is The Goldman Sachs Group, Inc. (the firm). Participants should refer to the Plan document, as most recently amended and restated, for a more complete description of the Plan’s provisions. Items referenced in italics are defined in the Plan document.
The Plan became effective on January 1, 1945 as the “Goldman Sachs Employees’ Profit Sharing Retirement Income Plan” and is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA). Effective January 1, 2008, the Goldman Sachs Employees’ Profit Sharing Retirement Income Plan was amended to incorporate a 401(k) safe harbor design and was renamed “The Goldman Sachs 401(k) Plan.” The Plan has been subsequently amended for various reasons, including to reflect changes in law.
General
The Plan is a defined contribution plan to which participants may elect to make pre-tax, after-tax, and “Roth” after-tax, contributions each year from their 401(k) Compensation (as determined under the Plan), and to which they can roll over amounts from certain other qualified retirement arrangements. Eligible participants have the option to convert existing eligible non-Roth Plan balances to a Roth 401(k) account in the Plan. The Plan’s Plan Year is the 12-month period commencing on January 1 and ending on the following December 31.
The Plan offers a dollar-for-dollar Matching Contribution on participants’ elective deferrals up to 6% of Safe Harbor Compensation, capped at a maximum match of $12,500. If an eligible participant’s Safe Harbor Compensation is less than $125,000, the firm will also allocate to that eligible participant’s account a Fixed Contribution equal to 2% of Safe Harbor Compensation. In addition to these contributions, the firm will allocate to each eligible participant an Additional Retirement Contribution of up to $4,000. Collectively, the Matching Contribution, Fixed Contribution and Additional Retirement Contribution are herein referred to as the Firm Contributions.



The Plan has two named fiduciaries, the Retirement Committee and the Administrative Committee. The Retirement Committee has the power to appoint one or more investment managers, as well as certain other duties relating to the investment of the funds held by the trustee. The Administrative Committee is responsible for administering the terms and provisions of the Plan. In general, each committee’s members are employees of the firm or its affiliates, although in certain cases non-employees may serve on either committee. Callan LLC (Callan) is the Retirement Committee’s investment adviser. Participants direct their contributions and the Firm Contributions into various investment options available from time to time under the Plan through the Goldman Sachs Profit Sharing Master Trust (the Master Trust). The Plan is the sole investor in the Master Trust. Participants’ directed investments can be allocated to mutual funds, collective trusts, separately managed accounts and a bank deposit account. Alight Solutions is the Plan’s record keeper.
The Plan offers participants the option to invest in the Stock Fund, which is a separately managed account and substantially all of its investments are shares of the firm’s common stock. In accordance with a policy adopted by the Retirement Committee, no more than 20% of any contribution made on behalf of each participant can be invested in the Stock Fund. When a participant reallocates his or her total investment balance, he or she is limited to reallocating 20% of his or her total investment balance into the Stock Fund. In addition, participants are restricted from transferring into or out of the Stock Fund during certain periods in accordance with the firm’s compliance procedures designed to avoid violations of applicable securities laws.
The Plan’s investments are owned by the Master Trust, which is subject to a trust agreement (the Trust Agreement) with The Bank of New York Mellon Corporation (the Trustee).
Assets transferred into the Plan were $8 million during 2023, substantially all of which related to the firm’s acquisition of NN Investment Partners.
4

THE GOLDMAN SACHS 401(k) PLAN
Notes to Financial Statements

Eligibility
Employees become eligible to make pre-tax, after-tax, and “Roth” after-tax, contributions to the Plan as of the first day of the month after they join the firm or its affiliates as eligible employees. In addition, employees become eligible for Matching Contributions and Fixed Contributions generally as of the first day of the month following hire date and attainment of age 21. In addition, to be eligible for the Fixed Contribution, the employee generally must be employed on the last day of the firm’s fiscal year that ends with or within the Plan Year.
Generally, to be eligible for the Additional Retirement Contribution, employees must have been (i) active or on authorized leave of absence for no longer than two years as of November 26, 2004, (ii) age 46 or older as of November 26, 2004, and (iii) employed by the firm or its affiliates as of the last day of the current fiscal year.
Vesting
Participants are immediately fully vested in their own 401(k) contributions. A participant’s Matching Contributions, Fixed Contributions and Additional Contributions fully vest upon the earliest to occur of: (i) completion of a two-year period of service for the Matching Contributions and Fixed Contributions or three-year period of service for the Additional Contributions, (ii) attainment of age 65 while employed by the firm or its affiliates, (iii) disability retirement, (iv) death while employed by the firm or on military duty or (v) Plan termination. There is no partial vesting of Matching Contributions, Fixed Contributions or Additional Contributions.
Benefits
Any benefits provided by the Plan are paid from net assets available for benefits. The benefit to which a Plan participant is entitled equals the amount that can be provided by the vested contributions and net earnings (or losses) thereon (including net realized and unrealized investment appreciation and depreciation) allocated to such participant’s account. All or a portion of benefits can generally be distributed when an employee (i) leaves the firm or (ii) reaches age 59 ½.
Notes Receivable from Participants
A participant in the Plan is permitted to borrow between $1,000 and $50,000, reduced by (i) the highest outstanding balance of loans to such participant from the Plan during the one-year period ending on the day before the date on which such new loan is made, less (ii) the outstanding balance of loans to such participant from the Plan on the date of such new loan, subject to an overall cap of the lesser of (a) one-half of the participant’s total vested account balance (including Firm Contributions) or (b) the balance in the participant’s 401(k) and rollover contribution accounts. A participant may not borrow any amounts attributable to the Firm Contributions.
Interest on loans is fixed at the U.S. prime rate plus one percent for the life of the respective loan. Loans generally must be repaid within five years, or in some cases, ten years, with certain exceptions. Loans are repaid (principal and interest) and added back to participants’ account balances generally through regular after-tax payroll deductions.
Risks and Uncertainties
Investments are exposed to various risks, such as interest rate, market, currency and credit risk. Due to the level of risk associated with certain investments and the level of uncertainty related to changes in the value of investments, it is possible that changes in risks in the near term could materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits and the statements of changes in net assets available for benefits.

Note 2.
Basis of Presentation
These financial statements are prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP).
All references to 2024 and 2023 refer to the Plan’s years ended, or the dates, as the context requires, December 31, 2024 and December 31, 2023, respectively.

5

THE GOLDMAN SACHS 401(k) PLAN
Notes to Financial Statements

Note 3.
Significant Accounting Policies
Use of Estimates
Preparation of these financial statements requires management to make certain estimates and assumptions, the most important of which relate to the fair value measurement of the Plan’s investments. These estimates and assumptions are based on the best available information, but actual results could be materially different.
Payment of Benefits
Benefits are recorded when paid.
Notes Receivable from Participants
Participant loans are measured at their unpaid principal balance, plus any accrued but unpaid interest.
Expenses
Investment management fees charged by managers of mutual funds are borne by the Plan, and are included in net appreciation in the fair value of investments. Investment management fees charged by managers of collective trusts are borne by the Plan, and are included in net appreciation in the fair value of investments or investment management fees and other expenses based on the underlying trust agreements.
Investment management fees charged by managers of separately managed accounts are borne by the Plan, and are included in investment management fees and other expenses.
Other expenses borne by the Plan, unless paid by the firm, consist of custodial, administrative and investment advisory fees. Investment advisory fees are paid to Callan, which advises the Retirement Committee on the selection and oversight of Plan investments. These Plan expenses, unless paid by the firm, are included in investment management fees and other expenses.
Investments
The investments of the Plan are reported at fair value.
The Bank Deposit Option is a deposit obligation of Goldman Sachs Bank USA (GS Bank USA), a Federal Deposit Insurance Corporation (FDIC) insured New York State-chartered bank and a member of the Federal Reserve System. The Bank Deposit Option offers an FDIC-insured deposit with a floating rate coupon generally tied to the Federal Funds Rate.
Mutual funds and collective trust funds represent investments with various investment managers. Mutual funds are valued based on the quoted net asset value per share held. Collective trust funds are valued based on the net asset value per unit as reported by the investment managers.


Investments within separately managed accounts are described below:
Cash and cash equivalents include cash and certain short-term interest-bearing investments.
Securities purchased under agreements to resell (resale agreements) are transactions in which the Plan purchases financial instruments from a seller, typically in exchange for cash, and simultaneously enters into an agreement to resell the same or substantially the same financial instruments to the seller at a stated price plus accrued interest at a future date. Even though resale agreements involve the legal transfer of ownership of financial instruments, they are accounted for as financing arrangements because they require the financial instruments to be resold at the maturity of the agreement. The financial instruments purchased in resale agreements typically include U.S. government and federal agency obligations, investment-grade sovereign obligations, corporate debt instruments and equity securities. The Plan receives financial instruments purchased under resale agreements. To mitigate credit exposure, the investment managers monitor the market value of the resale agreements on a daily basis, and deliver or obtain additional collateral due to changes in the market value of the financial instruments, as appropriate. For resale agreements, the Plan typically requires collateral with a fair value approximately equal to the carrying value of the relevant assets in the statements of net assets available for benefits.
Fixed income securities, common and preferred stocks, real estate investment trusts, commodities, and interests in exchange-traded options and futures contracts traded in active markets are valued at closing prices on the last business day of each period presented. Securities traded in markets that are not considered active are valued based on broker or dealer quotations or alternative pricing sources with reasonable levels of price transparency. Securities that trade infrequently and therefore have little or no price transparency are valued using the investment managers’ (or independent third parties on behalf of the investment managers) best estimate of fair value.
Mutual funds, as described above, may also be investments held within separately managed accounts.
6

THE GOLDMAN SACHS 401(k) PLAN
Notes to Financial Statements

Forward foreign currency contracts are valued at fair value, as determined by the investment managers (or independent third parties on behalf of the investment managers), using quoted forward foreign currency exchange rates. At the end of each period presented, open contracts are valued at the current forward foreign currency exchange rates and the change in market value is recorded as an unrealized gain or loss. When the contract is closed or delivery taken, the Plan records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.
Swap contracts are valued at fair value, as determined by the investment managers (or independent third parties on behalf of the investment managers) utilizing their proprietary models and taking into consideration exchange quotations on underlying instruments, dealer quotations and other market information.
See Note 10 for further information about derivatives.
Investments denominated in currencies other than the U.S. dollar are translated using exchange rates prevailing at the end of the periods presented. Purchases and sales of these investments are translated at the rate of exchange on the respective dates of such transactions.
Interest income and expense are recorded on an accrual basis. Dividend income is recorded on the ex-dividend date.
Purchases and sales of the investments within the Plan are reflected on a trade-date basis.
Due from Brokers and Other Receivables and Due to Brokers and Other Payables
Due from brokers and other receivables includes cash balances held with brokers, receivables from unsettled sales transactions, and collateral posted in connection with certain derivative transactions. Amounts due from brokers may be restricted to the extent that they serve as deposits for investment liabilities. Due to brokers and other payables includes payables from unsettled purchase transactions and collateral received in connection with certain derivative transactions. Certain of the Plan’s securities held by the clearing brokers or prime brokers are pledged to the brokers on terms that permit them to repledge the securities to others, subject to certain limitations. Securities held at custodians under custody agreements cannot be repledged to others by the custodian.

Note 4.
Fair Value Measurements
The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial instruments are marked at closing prices. Fair value measurements do not include transaction costs.
The best evidence of fair value is a quoted price in an active market. If quoted prices in active markets are not available, fair value is determined by reference to prices for similar instruments, quoted prices or recent transactions in less active markets, or internally developed models that primarily use market-based or independently sourced inputs, including, but not limited to, interest rates, volatilities, equity or debt prices, foreign exchange rates, commodity prices, credit spreads and funding spreads (i.e., the spread or difference between the interest rate at which a borrower could finance a given financial instrument relative to a benchmark interest rate).
U.S. GAAP has a three-level hierarchy for disclosure of fair value measurements. This hierarchy prioritizes inputs to the valuation techniques used to measure fair value, giving the highest priority to level 1 inputs and the lowest priority to level 3 inputs. A financial instrument’s level in this hierarchy is based on the lowest level of input that is significant to its fair value measurement. The fair value hierarchy is as follows:
Level 1. Inputs are unadjusted quoted prices in active markets to which the Plan had access at the measurement date for identical, unrestricted assets or liabilities.
Level 2. Inputs to valuation techniques are observable, either directly or indirectly.
Level 3. One or more inputs to valuation techniques are significant and unobservable.
The investment managers and custodian, on behalf of the Plan, use independent pricing sources to value Plan assets traded on exchanges and independent quoted prices or developed models for all assets not traded on exchanges. Investment managers review their valuation approaches on an ongoing basis and revise as necessary based on changing market conditions to ensure their valuations represent fair value. Subsequently, the Plan uses other methodologies to determine fair value (e.g., relevant broker quotations), which vary based on the type of instrument.
7

THE GOLDMAN SACHS 401(k) PLAN
Notes to Financial Statements

Level 1 Investments
Level 1 investments include bank deposit, mutual funds, collective trusts, and within separately managed accounts, cash and cash equivalents, certain fixed income securities, most common and preferred stocks, mutual funds and most real estate investment trusts. These instruments are valued using quoted prices for identical unrestricted instruments in active markets.
The Plan determines active markets for equity instruments based on the average daily trading volume both in absolute terms and relative to the market capitalization for the instrument. The Plan determines active markets for debt instruments based on both the average daily trading volume and the number of days with trading activity.
Level 2 Investments
Level 2 investments include resale agreements, most fixed income securities, certain real estate investment trusts, commodities and derivatives within separately managed accounts.
The valuation of level 2 investments can be verified to quoted prices, recent trading activity for identical or similar instruments, broker or dealer quotations or alternative pricing sources with reasonable levels of price transparency. Consideration is given to the nature of the quotations (e.g., indicative or executable) and the relationship of recent market activity to the prices provided from alternative pricing sources.
Level 3 Investments
Level 3 investments have one or more significant valuation inputs that are not observable. Absent evidence to the contrary, level 3 instruments are initially valued at transaction price, which is considered to be the best initial estimate of fair value. Subsequently, the Plan uses other methodologies to determine fair value, which vary based on the type of instrument and include relevant broker quotations. Valuation inputs and assumptions are changed when corroborated by substantive observable evidence, including values realized on sales of financial assets.
As of December 2024, the Plan had no level 3 investment assets. As of December 2023, the Plan’s level 3 investment assets consisted of certain common stocks.
See Notes 3 and 5 for further information about investment assets and investment liabilities.

Note 5.
Investment Assets and Investment Liabilities
Fair Value of Investment Assets and Investment Liabilities by Level
The table below presents investment assets and investment liabilities of the Plan by level within the fair value hierarchy.
$ in thousandsLevel 1Level 2Level 3Total
As of December 2024
Assets
Bank deposit$268,894 $ $ $268,894 
Mutual funds1,264,164   1,264,164 
Collective trusts7,842,009   7,842,009 
Separately managed accounts:
Cash and cash equivalents410   410 
Resale agreements 83,200  83,200 
Fixed income securities82,565 121,271  203,836 
Common and preferred
stocks2,468,185   2,468,185 
Mutual funds105,443   105,443 
Real estate investment trusts289,889 563  290,452 
Commodities 30,895  30,895 
Derivatives 704  704 
Total investment assets$12,321,559 $236,633 $ $12,558,192 
Liabilities
Separately managed accounts:
Derivatives$ $(2)$ $(2)
Total investment liabilities$ $(2)$ $(2)
As of December 2023
Assets
Bank deposit$285,429 $— $— $285,429 
Mutual funds1,374,779 — — 1,374,779 
Collective trusts6,478,586 — — 6,478,586 
Separately managed accounts:
Cash and cash equivalents2,408 — — 2,408 
Resale agreements— 139,200 — 139,200 
Fixed income securities111,485 128,650 — 240,135 
Common and preferred
stocks2,232,114 — 289 2,232,403 
Mutual funds83,421 — — 83,421 
Real estate investment trusts278,708 547 — 279,255 
Commodities— 24,558 — 24,558 
Derivatives— 6,924 — 6,924 
Total investment assets$10,846,930 $299,879 $289 $11,147,098 
Liabilities
Separately managed accounts:
Derivatives$— $(4,319)$— $(4,319)
Total investment liabilities$— $(4,319)$— $(4,319)
8

THE GOLDMAN SACHS 401(k) PLAN
Notes to Financial Statements

In the table above:
Investment assets are shown as positive amounts and investment liabilities are shown as negative amounts.
Mutual funds within separately managed accounts consist of money market funds, exchange-traded funds and investments in funds that primarily consist of fixed income securities.
Level 3 Rollforward
The table below presents the changes in fair value for level 3 investment assets.
Year Ended December
$ in thousands20242023
Common and preferred stocks
Beginning balance$289 $763 
Net unrealized gains/(losses)(289)— 
Sales (474)
Ending balance $ $289 
In the table above:
Changes in fair value are presented for all investment assets that are classified in level 3 as of the end of the period.
Net unrealized gains/(losses) relates to investment assets that were still held at period-end.
For level 3 investment assets, increases are shown as positive amounts, while decreases are shown as negative amounts.
Level 3 Rollforward Commentary
Year Ended December 2024. There were no net realized gains/(losses) on level 3 investment assets for 2024. The net unrealized losses on level 3 investment assets of $0.3 million for 2024 were reported in net appreciation in the fair value of investments.
The drivers of net unrealized losses on level 3 investment assets for 2024 were not material.
There were no transfers into or out of level 3 investment assets during 2024.
Year Ended December 2023. There were no net realized or unrealized gains/(losses) on level 3 investment assets for 2023.
There were no transfers into or out of level 3 investment assets during 2023.

Note 6.
Related-Party and Party-In-Interest Transactions
The Plan offers the Stock Fund as an investment option, which has substantially all of its investments in the firm’s common stock.The Stock Fund is managed by State Street Global Advisors. As of December 2024, the Plan’s interest in the Stock Fund represented 501,941 shares of the firm’s common stock with a fair market value of $287.4 million. As of December 2023, the Plan’s interest in the Stock Fund represented 532,692 shares of the firm’s common stock with a fair market value of $205.5 million. Purchases of $8.8 million and sales of $8.6 million of the firm’s common stock were made through the Stock Fund during 2024. Purchases of $15.8 million and sales of $8.6 million of the firm’s common stock were made through the Stock Fund during 2023.
Beginning in 2024, Goldman Sachs Asset Management, L.P., an affiliate of the firm, manages a laddered fixed income separately managed account investment option in the Plan. As of December 2023, this investment was managed by GSAM Stable Value, LLC, an affiliate of the firm, which was merged into Goldman Sachs Asset Management, L.P. in April 2024. No fees were paid during both 2024 and 2023, or were payable by the Plan to affiliates to manage this separately managed account as of both December 2024 and December 2023.
GS Bank USA, an affiliate of the firm, has a deposit obligation to the Plan under the Plan’s Bank Deposit Option. No fees were paid during both 2024 and 2023, or were payable by the Plan to GS Bank USA as of both December 2024 and December 2023, for this bank deposit obligation.

Note 7.
Plan Termination
The firm intends to continue the Plan indefinitely, but reserves the right to discontinue or amend the Plan at any time, subject to the provisions of ERISA. In the event of discontinuance, affected participants will become fully vested in the Firm Contributions and the related investment income as required by ERISA.

Note 8.
Income Tax Status
The Internal Revenue Service has determined, and informed the firm by a letter dated April 14, 2017, that the terms of the Plan conform to the requirements of section 401(a) of the Internal Revenue Code of 1986, as amended.

9

THE GOLDMAN SACHS 401(k) PLAN
Notes to Financial Statements

Note 9.
Reconciliation of Financial Statements to the Form 5500
The tables below present the reconciliations from the Plan’s financial statements to the Form 5500.
As of December
$ in thousands20242023
Net assets available for benefits, per statements
of net assets available for benefits$12,760,943 $11,322,183 
Amounts allocated to withdrawing participants(2,806)(48,158)
Net assets, per the Form 5500$12,758,137 $11,274,025 
As of December
$ in thousands20242023
Benefits paid, per statements of changes in
net assets available for benefits $951,085 $613,799 
Amounts allocated to withdrawing participants,
ending balance2,806 48,158 
Amounts allocated to withdrawing participants,
beginning balance(48,158)(20,383)
Benefits paid to participants and certain
deemed distributions of participant loans,
per the Form 5500$905,733 $641,574 
Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit claims that have been processed and approved for payment prior to both December 2024 and December 2023, but had not yet been paid as of that date.

Note 10.
Financial Instruments with Off-Balance Sheet Risk
In accordance with the investment strategy of the separately managed accounts, the Plan’s investment managers execute transactions in various financial instruments that may give rise to varying degrees of off-balance sheet market and credit risk, including investment liabilities. These investment liabilities involve obligations to deliver specified securities at contracted prices and thereby create a liability to purchase the securities at prevailing future market prices. Accordingly, these transactions result in off-balance sheet risk as the Plan’s ultimate obligation to satisfy the sale of investment liabilities may exceed the amount recognized in the financial statements.
Derivatives are instruments that derive their value from underlying asset prices, indices, reference rates and other inputs, or a combination of these factors. Derivatives may be traded on an exchange (exchange-traded) or they may be privately negotiated contracts, which are usually referred to as over-the-counter (OTC) derivatives.
The Plan enters into various types of derivatives, including:
Futures and Forwards. Contracts that commit counterparties to purchase or sell financial instruments, commodities or currencies in the future.
Swaps. Contracts that require counterparties to exchange cash flows, such as currency or interest payment streams. The amounts exchanged are based on the specific terms of the contract with reference to specified rates, financial instruments, commodities, currencies or indices.
Options. Contracts in which the option purchaser has the right, but not the obligation, to purchase from or sell to the option writer financial instruments, commodities or currencies within a defined time period for a specified price.
As a writer of option contracts, the Plan receives a premium to become obligated to buy or sell financial instruments for a period of time at the holder’s option. During this period, the Plan bears the risk of an unfavorable change in the market value of the financial instrument underlying the option, but has no credit risk, as the counterparty has no performance obligation to the Plan once it has paid its cash premium.
Derivatives are recorded on a gross basis in the statements of net assets available for benefits and are accounted for at fair value.
Risk Management
Market risk includes risk that arises from the potential for changes in value of financial instruments resulting from fluctuations in interest and foreign exchange rates, in prices of commodities, and in prices of debt and equity securities. In many cases, these financial instruments serve to reduce, rather than increase, the Plan’s exposure to losses from market or other risks. In addition, the measurement of market risk is meaningful only when all related and offsetting transactions are identified. The investment managers may limit the Plan’s market risk by holding or purchasing offsetting positions.
The Plan is subject to credit risk of counterparty nonperformance on derivative assets, except for written options, which obligate the Plan to perform and do not give rise to any counterparty credit risk.
10

THE GOLDMAN SACHS 401(k) PLAN
Notes to Financial Statements

The tables below present information about derivative contracts by major product type.
Fair Value as of December
20242023
$ in thousandsDerivative
Assets
Derivative
Liabilities
Derivative
Assets
Derivative
Liabilities
Interest rates$68 $ $6,038 $3,549 
Credit  321 59 
Currencies  218 687 
Commodities292 2 347 24 
Equities344  — — 
Total gross fair value$704 $2 $6,924 $4,319 
Not offset in the statements of net assets available for benefits
Counterparty netting$(2)$(2)$(4,001)$(4,001)
Cash collateral netting(702) (2,923)(318)
Total$ $ $— $— 
Notional Amounts as of December
$ in thousands20242023
Interest rates$85,638 $559,716 
Credit 54,575 
Currencies 3,200 
Commodities117,891 235,526 
Equities128,447 12,800 
Total $331,976 $865,817 
In the tables above:
The amount of derivative assets and liabilities reported on the statements of net assets available for benefits is the gross fair value and excludes the impact of any legally enforceable master netting agreements and cash collateral held by the Plan.
Notional amounts, which represent the sum of gross long and short derivative contracts, provide an indication of the volume of the Plan’s derivative activity and do not represent anticipated losses.
The table below presents the net appreciation/(depreciation) in the fair value of derivatives (including gains and losses on derivatives bought and sold, as well as held during the year) by major product type.
Year Ended December
$ in thousands20242023
Interest rates$(1,683)$1,738 
Credit65 41 
Currencies480 44 
Commodities(1,274)(9,003)
Equities(1,327)214 
Total $(3,739)$(6,966)
Credit Derivatives
The Plan’s investment managers enter into various credit derivative transactions.
The Plan enters into credit default swaps. Single-name credit default swaps protect the buyer against the loss of principal on one or more bonds, loans or mortgages (reference obligations) in the event the issuer of the reference obligations suffers a credit event. The buyer of protection pays an initial or periodic premium to the seller and receives protection for the period of the contract. If there is no credit event, as defined in the contract, the seller of protection makes no payments to the buyer. If a credit event occurs, the seller of protection is required to make a payment to the buyer, calculated according to the terms of the contract.
The Plan had no written credit derivative transactions and all of the Plan’s purchased credit derivative transactions are with financial institutions and are subject to stringent collateral thresholds. These amounts were not material as of December 2024 and December 2023.

Note 11.
Subsequent Events
The Plan has evaluated subsequent events through June 12, 2025, the date the financial statements were issued, and determined that there were no material events or transactions that would require recognition or additional disclosure in these financial statements.

11

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
Bank Deposit
*GOLDMAN SACHS BANK USA BANK DEPOSIT ACCOUNT 268,894,490 $268,894,490 
Total Bank Deposit$268,894,490 
Mutual Funds
AMERICAN FUNDS AMERICAN HIGH-INCOME TRUST21,353,141 $208,406,652 
DODGE & COX INTERNATIONAL STOCK FUND1,515,254 75,611,196 
RBC EMERGING MARKETS EQUITY FUND5,440,513 71,325,122 
SSGA HEDGED INTERNATIONAL DEVELOPED EQUITY INDEX FUND1,112,534 134,149,291 
VANGUARD CASH RESERVES FEDERAL MONEY MARKET676,785,052 676,785,052 
VANGUARD INFLATION-PROTECTED SECURITIES FUND10,674,706 97,887,054 
Total Mutual Funds$1,264,164,367 
Collective Trusts
BLACKROCK 20+ YR TREASURY BOND INDEX FUND1,861,019 $68,705,854 
BLACKROCK EQUITY GROWTH INDEX FUND7,406,051 609,179,568 
BLACKROCK EQUITY VALUE INDEX FUND6,377,678 411,153,564 
BLACKROCK LIFEPATH® 2030 INDEX NON-LENDABLE FUND5,236,956 203,754,252 
BLACKROCK LIFEPATH® 2035 INDEX NON-LENDABLE FUND6,480,366 284,571,033 
BLACKROCK LIFEPATH® 2040 INDEX NON-LENDABLE FUND7,293,025 356,881,241 
BLACKROCK LIFEPATH® 2045 INDEX NON-LENDABLE FUND9,240,460 496,747,703 
BLACKROCK LIFEPATH® 2050 INDEX NON-LENDABLE FUND8,010,647 459,969,763 
BLACKROCK LIFEPATH® 2055 INDEX NON-LENDABLE FUND12,096,622 506,842,420 
BLACKROCK LIFEPATH® 2060 INDEX NON-LENDABLE FUND9,351,315 223,085,904 
BLACKROCK LIFEPATH® 2065 INDEX NON-LENDABLE FUND416,913 7,087,396 
BLACKROCK LIFEPATH® RETIREMENT INDEX NON-LENDABLE FUND7,805,390 207,123,057 
BLACKROCK MSCI EAFE EQUITY INDEX NON-LENDABLE FUND3,307,647 113,421,532 
FIDELITY INSTITUTIONAL ASSET MANAGEMENT CORE PLUS5,345,649 122,415,364 
SSGA EMERGING MARKETS INDEX NON-LENDING SERIES FUND4,271,204 155,719,550 
SSGA RUSSELL 2000® INDEX NON-LENDING SERIES FUND7,100,559 334,486,033 
SSGA S&P 500® INDEX NON-LENDING SERIES FUND50,414,806 2,850,856,873 
SSGA S&P MIDCAP® INDEX NON-LENDING SERIES FUND5,370,678 355,044,784 
SSGA U.S. BOND INDEX NON-LENDING SERIES FUND6,666,943 74,963,112 
Total Collective Trusts$7,842,009,003 
Separately Managed Accounts
Cash and Cash Equivalents
ARS (ARGENTINE PESO)12,560 $12 
AUD (AUSTRALIAN DOLLARS)5,000 3,096 
CAD (CANADIAN DOLLARS)11,851 8,240 
CHF (SWISS FRANC)4,228 4,666 
DKK (DANISH KRONE)15 2 
EUR (EURO)335,691 347,608 
GBP (GREAT BRITISH POUNDS)59,506 43,031 
HKD (HONG KONG DOLLARS)66 9 
HUF (HUNGARIAN FORINT)277,145 698 
JPY (JAPANESE YEN)66  
KRW (SOUTH KOREAN WON)2,684,090 1,823 
PHP (PHILIPPINES PESO)676 12 
SEK (SWEDISH KRONA)77 7 
SGD (SINGAPORE DOLLARS)561 411 
Total Cash and Cash Equivalents$409,615 
12

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
Securities Purchased Under Agreements to Resell
J P MORGAN CHASE REV REPO 4.550% 01/03/25 DD 01/02/2538,700,000 $38,700,000 
J P MORGAN CHASE REV REPO 4.700% 01/02/25 DD 12/31/2438,100,000 38,100,000 
J P MORGAN CHASE REV REPO 4.580% 01/02/25 DD 12/31/246,400,000 6,400,000 
Total Securities Purchased Under Agreements to Resell$83,200,000 
Fixed Income Securities
1988 CLO 5 LTD 5A A1 144A VAR RT 07/15/37 DD 06/27/24450,000 $450,000 
7-ELEVEN INC 144A 0.950% 02/10/26 DD 02/10/21125,000 119,541 
ABBVIE INC 2.950% 11/21/26 DD 05/21/20750,000 728,547 
ABBVIE INC 4.800% 03/15/27 DD 02/26/242,135,000 2,147,414 
AIR LEASE CORP 1.875% 08/15/26 DD 05/24/21550,000 524,233 
AMERICAN EXPRESS CO VAR RT 05/01/26 DD 05/01/23760,000 760,202 
AMERICAN EXPRESS CO VAR RT 07/26/28 DD 07/26/24600,000 603,078 
AMERICAN EXPRESS CREDIT AC 1 A 4.870% 05/15/28 DD 06/14/23500,000 502,636 
AMERICAN EXPRESS CREDIT AC 3 A 4.650% 07/15/29 DD 07/23/24500,000 500,984 
AMERICAN HONDA FINANCE CORP VAR RT 02/12/25 DD 01/17/24600,000 600,183 
AMGEN INC 2.600% 08/19/26 DD 08/19/16700,000 676,992 
AMORTIZING RESIDENTIAL CO 1 A5 VAR RT 10/25/34 DD 09/25/04127,149 125,829 
AVANGRID INC 3.200% 04/15/25 DD 04/09/20275,000 273,614 
AVOLON HOLDINGS FUNDING L 144A 2.875% 02/15/25 DD 01/14/20350,000 348,851 
BA CREDIT CARD TRUST A1 A1 3.530% 11/15/27 DD 06/16/22825,000 821,207 
BA CREDIT CARD TRUST A1 A1 4.790% 05/15/28 DD 06/16/23500,000 502,187 
BAIN CAPITAL CREDIT 3A A1 144A VAR RT 07/16/37 DD 06/27/241,200,000 1,200,000 
BANK OF AMERICA CORP VAR RT 01/20/27 DD 01/20/232,190,000 2,196,244 
BANK OF AMERICA CORP VAR RT 04/02/26 DD 03/22/221,200,000 1,203,165 
BANK OF AMERICA CORP VAR RT 09/15/27 DD 09/15/23300,000 305,404 
BANK OF MONTREAL VAR RT 01/22/27 DD 01/22/211,030,000 989,196 
BANK OF MONTREAL VAR RT 09/10/27 DD 09/10/24100,000 100,394 
BANK OF NOVA SCOTIA/THE 4.750% 02/02/26 DD 02/02/231,625,000 1,625,382 
BANK OF NOVA SCOTIA/THE 5.400% 06/04/27 DD 06/04/24500,000 507,943 
BANK5 2024-5YR11 5YR11 A3 5.893% 11/15/57 DD 11/01/24350,000 360,023 
BARCLAYS DRYROCK ISSUANCE 1 A 4.720% 02/15/29 DD 04/25/23700,000 701,878 
BARCLAYS PLC VAR RT 03/12/28 DD 03/12/24200,000 202,482 
BARCLAYS PLC VAR RT 05/09/27 DD 05/09/231,235,000 1,248,265 
BARCLAYS PLC VAR RT 09/13/27 DD 09/13/23200,000 204,824 
BAT CAPITAL CORP 3.557% 08/15/27 DD 08/15/181,337,000 1,293,537 
BENCHMARK 2021-B28 MORTGAGE TRUST B28 ASB 1.980% 08/15/54 DD 08/01/21300,000 266,677 
BERKSHIRE HATHAWAY ENERGY CO 4.050% 04/15/25 DD 10/15/20250,000 249,572 
BMW VEHICLE OWNER TRUST A A2A 5.720% 04/27/26 DD 07/18/2330,457 30,497 
BNP PARIBAS SA 144A VAR RT 06/09/26 DD 06/09/20200,000 197,415 
BOEING CO/THE 2.750% 02/01/26 DD 11/02/20490,000 477,976 
BRIDGECREST LENDING AUTO 1 A2 5.820% 09/15/26 DD 01/24/2429,429 29,438 
BROADCOM INC 5.050% 07/12/27 DD 07/12/241,670,000 1,685,284 
BX TRUST 2021-BXMF BXMF A 144A VAR RT 10/15/26 DD 11/08/21323,210 321,796 
CANADIAN IMPERIAL BANK OF COMMERCE 5.615% 07/17/26 DD 07/17/23780,000 789,837 
CANADIAN NATURAL RESOURCES LTD 2.050% 07/15/25 DD 06/24/20300,000 295,499 
CARDINAL HEALTH INC 4.700% 11/15/26 DD 11/22/241,438,000 1,435,133 
CARMAX AUTO OWNER TRUST 1 A2A 5.300% 03/15/27 DD 01/24/24439,817 440,996 
CARMAX AUTO OWNER TRUST 2 2 A3 3.490% 02/16/27 DD 04/28/22331,086 329,790 
CARMAX AUTO OWNER TRUST 2 4 A3 5.340% 08/16/27 DD 10/31/22456,041 458,313 
CARMAX AUTO OWNER TRUST 3 A2A 5.210% 09/15/27 DD 07/30/24500,000 502,419 
CARVAL CLO XI C LTD 3A A1 144A VAR RT 10/20/37 DD 09/25/241,000,000 1,000,000 
CARVANA AUTO RECEIVABLES P2 A2 5.630% 11/10/27 DD 06/12/24372,146 373,902 
CARVANA AUTO RECEIVABLES P2 A4 0.800% 01/10/27 DD 06/24/21328,507 323,202 
CATERPILLAR FINANCIAL SERVICES 4.800% 01/06/26 DD 01/06/23910,000 912,517 
13

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
CENTERPOINT ENERGY INC 5.250% 08/10/26 DD 08/10/23550,000 554,282 
CHARTER COMMUNICATIONS OPERATION 4.908% 07/23/25 DD 07/23/16202,000 201,764 
CHASE AUTO OWNER TRUST 1A A2 144A 5.480% 04/26/27 DD 03/27/24398,393 399,795 
CHASE MORTGAGE FINANCE A1 1A1 VAR RT 02/25/37 DD 02/01/0712,334 12,127 
CITIBANK NA 4.929% 08/06/26 DD 08/06/24300,000 301,412 
CITIBANK NA 5.438% 04/30/26 DD 04/30/24400,000 403,641 
CITIBANK NA 5.488% 12/04/26 DD 12/04/23250,000 253,690 
CITIBANK NA VAR RT 11/19/27 DD 11/19/24860,000 860,701 
CITIGROUP INC VAR RT 06/09/27 DD 06/09/21895,000 852,140 
CITIZENS BANK NA/PROVIDENCE RI 2.250% 04/28/25 DD 04/30/20425,000 421,496 
CONSTELLATION BRANDS INC 4.750% 12/01/25 DD 12/04/15936,000 935,947 
CVS HEALTH CORP 5.000% 02/20/26 DD 02/21/23760,000 759,300 
DELL INTERNATIONAL LLC / EMC C 6.020% 06/15/26 DD 06/15/21392,000 397,657 
DEUTSCHE BANK AG/NEW YORK NY 4.162% 05/13/25 DD 05/13/22285,000 284,190 
DIAMONDBACK ENERGY INC 5.200% 04/18/27 DD 04/18/24825,000 833,058 
DISCOVER CARD EXECUTION NOTE A4 A 5.030% 10/15/27 DD 11/28/22200,000 201,019 
DRIVE AUTO RECEIVABLES TRUST 1 A2 5.830% 12/15/26 DD 02/21/24122,526 122,661 
DTE ENERGY CO 1.050% 06/01/25 DD 08/06/20225,000 221,529 
ECMC GROUP STUDENT LOAN 2A A 144A VAR RT 09/25/68 DD 10/10/18375,998 371,208 
ELP COMMERCIAL MORTGAGE ELP A 144A VAR RT 11/15/38 DD 11/17/21399,535 399,285 
EQUITABLE FINANCIAL LIFE 144A 1.400% 07/07/25 DD 07/07/20250,000 245,900 
EXETER AUTOMOBILE RECEIVABLES 1A A2 5.530% 10/15/26 DD 01/31/2491,601 91,655 
EXETER AUTOMOBILE RECEIVABLES 1A A3 5.310% 08/16/27 DD 01/31/24500,000 501,136 
EXETER AUTOMOBILE RECEIVABLES 2A A2 5.700% 05/15/26 DD 04/05/24120,267 120,319 
EXETER AUTOMOBILE RECEIVABLES 2A A3 5.630% 10/15/26 DD 04/05/24250,000 250,264 
EXETER AUTOMOBILE RECEIVABLES 3A A3 5.650% 12/15/27 DD 05/28/24500,000 503,429 
EXETER AUTOMOBILE RECEIVABLES 5A A3 6.320% 03/15/27 DD 11/15/23349,724 350,626 
FHLMC MULTICLASS MTG 3179 FP VAR RT 07/15/36 DD 07/15/063,030 2,990 
FHLMC MULTICLASS MTG 4594 PA 3.000% 11/15/44 DD 06/01/16111,442 105,260 
FHLMC MULTICLASS MTG 4604 HA 2.500% 05/15/45 DD 08/01/16112,002 101,252 
FHLMC MULTICLASS MTG 4709 EA 3.000% 01/15/46 DD 08/01/17124,021 117,389 
FHLMC MULTICLASS MTG 4718 DA 3.000% 02/15/47 DD 09/01/17106,254 96,544 
FHLMC MULTICLASS MTG 4839 A 4.000% 04/15/51 DD 10/01/182,583,906 2,450,918 
FHLMC MULTICLASS MTG 4874 AT 3.000% 09/15/48 DD 03/01/19117,919 101,871 
FHLMC MULTICLASS MTG 5473 FA VAR RT 11/25/54 DD 10/25/24472,525 468,385 
FHLMC MULTICLASS MTG 5495 AF VAR RT 01/25/55 DD 12/25/24100,000 100,000 
FHLMC MULTICLASS STRIP 278 F1 VAR RT 09/15/42 DD 09/15/1235,619 35,025 
FHLMC POOL #SD-8475 5.500% 10/01/54 DD 10/01/242,471,892 2,439,524 
FIFTH THIRD AUTO TRUST 2 1 A2A 5.800% 11/16/26 DD 08/23/23100,343 100,545 
FIRSTENERGY CORP 2.050% 03/01/25 DD 02/20/20175,000 173,848 
FLORIDA POWER & LIGHT CO 2.850% 04/01/25 DD 03/27/20175,000 174,161 
FNMA GTD REMIC P/T 06-30 KF VAR RT 05/25/36 DD 04/25/0611,673 11,529 
FNMA GTD REMIC P/T 15-92 PA 2.500% 12/25/41 DD 11/01/1539,475 35,750 
FNMA GTD REMIC P/T 18-27 WF VAR RT 05/25/58 DD 04/01/18376,550 367,599 
FNMA GTD REMIC P/T 24-104 FA VAR RT 01/25/55 DD 12/25/24100,000 99,938 
FNMA POOL #0555678 5.000% 08/01/33 DD 07/01/03247,511 245,983 
FNMA POOL #0735676 5.000% 07/01/35 DD 06/01/0582,081 81,382 
FNMA POOL #0AB0130 5.000% 05/01/38 DD 05/01/0925,301 25,107 
FNMA POOL #0AL1674 VAR RT 05/01/42 DD 05/01/1211,141 11,445 
FNMA POOL #0AL5548 VAR RT 05/01/38 DD 07/01/1423,294 24,170 
FNMA POOL #0BM2007 4.000% 09/01/48 DD 08/01/18112,060 103,881 
FNMA POOL #0BN5342 4.000% 03/01/49 DD 03/01/19148,007 137,067 
FORD CREDIT AUTO LEASE TRUST A A2A 5.240% 07/15/26 DD 01/22/24564,423 565,362 
FORD CREDIT AUTO LEASE TRUST B A2B VAR RT 02/15/27 DD 07/23/24769,936 770,378 
FORD MOTOR CREDIT CO LLC 5.850% 05/17/27 DD 05/17/24425,000 429,451 
GE HEALTHCARE TECHNOLOGIES INC 5.650% 11/15/27 DD 05/15/23800,000 819,435 
14

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
GENERAL MOTORS FINANCIAL CO INC 3.800% 04/07/25 DD 04/07/22725,000 722,714 
GEORGIA POWER CO VAR RT 05/08/25 DD 11/08/23700,000 701,505 
GLENCORE FUNDING LLC 144A 1.625% 09/01/25 DD 09/01/20325,000 318,035 
GM FINANCIAL CONSUMER AUTOMOBILE 1 A2A 5.120% 02/16/27 DD 01/17/24294,019 294,633 
GM FINANCIAL CONSUMER AUTOMOBILE 3 A2A 5.740% 09/16/26 DD 07/19/2376,093 76,243 
GNMA GTD REMIC P/T 16-H20 FG VAR RT 08/20/66 DD 09/20/162,688 2,691 
GNMA GTD REMIC P/T 17-H05 FC VAR RT 02/20/67 DD 02/20/17645,070 644,281 
GNMA GTD REMIC P/T 18-H15 FG VAR RT 08/20/68 DD 09/20/1842,341 42,195 
GNMA GTD REMIC P/T 24-H04 FA VAR RT 02/20/74 DD 03/20/24583,900 583,222 
GNMA GTD REMIC P/T 24-H07 FC VAR RT 02/20/74 DD 04/20/24434,101 433,478 
GNMA II POOL #0MA1376 4.000% 10/20/43 DD 10/01/13196,641 185,470 
GNMA II POOL #0MA5332 5.000% 07/20/48 DD 07/01/18395,322 389,892 
GNMA II POOL #0MA5530 5.000% 10/20/48 DD 10/01/18207,005 204,002 
GNMA II POOL #0MA5596 4.500% 11/20/48 DD 11/01/1817,014 16,308 
GNMA II POOL #0MA5711 4.500% 01/20/49 DD 01/01/199,312 8,925 
GNMA II POOL #0MA5764 4.500% 02/20/49 DD 02/01/1937,564 36,002 
GNMA II POOL #0MA5818 4.500% 03/20/49 DD 03/01/1950,235 48,146 
GNMA II POOL #0MA5819 5.000% 03/20/49 DD 03/01/1918,298 17,984 
GNMA II POOL #0MA5877 4.500% 04/20/49 DD 04/01/1973,470 70,410 
GNMA II POOL #0MA5987 4.500% 06/20/49 DD 06/01/1925,527 24,368 
GNMA II POOL #0MA5988 5.000% 06/20/49 DD 06/01/19558,591 549,194 
GOLUB CAPITAL PARTNERS 74A A 144A VAR RT 07/25/37 DD 06/20/24825,000 825,000 
GREAT-WEST LIFECO US FINANCE 144A 0.904% 08/12/25 DD 08/12/20150,000 146,513 
HCA INC 5.625% 09/01/28 DD 08/23/18375,000 379,966 
HONDA AUTO RECEIVABLES 20 1 A2 5.360% 09/15/26 DD 02/21/24304,344 305,170 
HONDA AUTO RECEIVABLES 20 2 A2 5.410% 04/15/26 DD 05/30/23123,833 124,006 
HONDA AUTO RECEIVABLES 20 4 A2 5.870% 06/22/26 DD 11/08/23366,072 367,467 
HSBC HOLDINGS PLC VAR RT 03/10/26 DD 03/10/22325,000 323,711 
HSBC HOLDINGS PLC VAR RT 04/18/26 DD 08/18/20825,000 816,858 
HYUNDAI AUTO RECEIVABLES A A2A 5.290% 04/15/27 DD 03/20/24547,951 549,788 
HYUNDAI AUTO RECEIVABLES A A3 4.990% 02/15/29 DD 03/20/24700,000 705,158 
HYUNDAI CAPITAL AMERICA 144A 5.800% 06/26/25 DD 06/26/23255,000 255,919 
INTERNATIONAL BANK FOR RECONSTRUCTION 0.500% 10/28/25 DD 10/28/202,590,000 2,508,603 
INTERNATIONAL FLAVORS & FRAGRANCES 4.450% 09/26/28 DD 09/26/18875,000 855,363 
INTUIT INC 0.950% 07/15/25 DD 06/29/20175,000 171,672 
JP MORGAN CHASE & CO VAR RT 01/23/28 DD 01/23/24555,000 557,018 
JP MORGAN CHASE & CO VAR RT 04/26/26 DD 04/26/221,000,000 1,003,607 
JP MORGAN CHASE & CO VAR RT 09/22/27 DD 09/22/21875,000 827,798 
KREDITANSTALT FUER WIEDERAUFBAU 5.125% 09/29/25 DD 10/18/23850,000 854,490 
MANUFACTURERS & TRADERS TRUST 4.650% 01/27/26 DD 01/27/23730,000 727,919 
MASSACHUSETTS EDUCATIONAL 1 A1 VAR RT 04/25/38 DD 07/02/0868,572 68,598 
MERRILL LYNCH MORTGAGE INVESTORS E A1 VAR RT 11/25/29 DD 09/23/0435,692 31,880 
MONDELEZ INTERNATIONAL INC 1.500% 05/04/25 DD 05/04/20225,000 222,440 
MORGAN STANLEY BANK NA 5.882% 10/30/26 DD 11/01/23600,000 612,595 
MORGAN STANLEY MORTGAGE 11AR 1A1 VAR RT 01/25/35 DD 12/29/0447,145 43,823 
MORGAN STANLEY VAR RT 01/28/27 DD 01/19/232,254,000 2,261,894 
MORGAN STANLEY VAR RT 04/28/26 DD 04/28/20400,000 396,430 
MPLX LP 1.750% 03/01/26 DD 08/18/20575,000 555,124 
NEXTERA ENERGY CAPITAL HOLDING 1.875% 01/15/27 DD 12/13/21274,000 258,888 
NEXTERA ENERGY CAPITAL HOLDING 4.625% 07/15/27 DD 06/23/22810,000 808,854 
NEXTERA ENERGY CAPITAL HOLDING 6.051% 03/01/25 DD 03/01/23380,000 380,674 
NISOURCE INC 3.490% 05/15/27 DD 05/22/17112,000 109,030 
NOMURA HOLDINGS INC 5.099% 07/03/25 DD 07/06/22200,000 200,090 
NXP BV / NXP FUNDING LLC / NXP 3.875% 06/18/26 DD 12/18/21500,000 493,118 
ORACLE CORP 2.650% 07/15/26 DD 07/07/161,244,000 1,206,417 
O’REILLY AUTOMOTIVE INC 5.750% 11/20/26 DD 11/20/231,495,000 1,520,802 
15

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
OTIS WORLDWIDE CORP 2.056% 04/05/25 DD 02/27/20840,000 833,527 
PARK BLUE CLO 2024- 5A A1 144A VAR RT 07/25/37 DD 06/27/24700,000 700,000 
PENSKE TRUCK LEASING CO LP 144A 5.250% 07/01/29 DD 06/21/24830,000 832,941 
PENSKE TRUCK LEASING CO LP 144A 5.350% 01/12/27 DD 01/12/24215,000 216,436 
PFIZER INVESTMENT ENTERPRISES 4.450% 05/19/26 DD 05/19/231,675,000 1,672,654 
PHILIP MORRIS INTERNATIONAL INC 5.000% 11/17/25 DD 11/17/22650,000 652,523 
PNC FINANCIAL SERVICES GROUP INC VAR RT 01/26/27 DD 01/24/23935,000 933,684 
PROTECTIVE LIFE GLOBAL FUND 144A VAR RT 03/28/25 DD 03/31/22825,000 826,574 
PROVINCE OF QUEBEC CANADA 0.600% 07/23/25 DD 07/23/20880,000 861,426 
QUANTA SERVICES INC 4.750% 08/09/27 DD 08/09/241,419,000 1,416,945 
RAD CLO 25 LTD 25A A1 144A VAR RT 07/20/37 DD 06/27/24825,000 825,000 
REVVITY INC 1.900% 09/15/28 DD 09/10/21355,000 317,760 
ROCHE HOLDINGS INC 144A 5.265% 11/13/26 DD 11/13/23495,000 501,937 
ROCK TRUST 2024-CN CNTR A 144A 5.388% 11/13/41 DD 10/01/24500,000 498,546 
ROYAL BANK OF CANADA VAR RT 07/23/27 DD 07/23/24500,000 502,265 
SANTANDER DRIVE AUTO RECEIVABLES 1 A2 5.710% 02/16/27 DD 01/18/24144,232 144,500 
SANTANDER DRIVE AUTO RECEIVABLES 1 A3 5.250% 04/17/28 DD 01/18/24500,000 502,182 
SANTANDER DRIVE AUTO RECEIVABLES 4 A2 6.180% 02/16/27 DD 08/23/23167,480 167,695 
SANTANDER DRIVE AUTO RECEIVABLES 5 A2 6.310% 07/15/27 DD 10/18/2363,518 63,640 
SANTANDER DRIVE AUTO RECEIVABLES 6 A3 5.930% 07/17/28 DD 11/21/23600,000 606,251 
SBA GTD PARTN CTFS 2008-20G 1 5.870% 07/01/28 DD 07/16/088,715 8,790 
SBNA AUTO RECEIVABLE A A2 144A 5.700% 03/15/27 DD 03/28/24181,608 181,886 
SIEMENS CAP CORP DISC 04/29/252,541,000 2,483,133 
SOCIETE GENERALE SA 144A 4.351% 06/13/25 DD 06/15/22680,000 678,652 
SOLVENTUM CORP 144A 5.450% 02/25/27 DD 02/27/24825,000 832,724 
SOUTHERN CALIFORNIA EDISON CO 4.400% 09/06/26 DD 09/06/24100,000 99,599 
SOUTHERN CALIFORNIA EDISON CO 4.875% 02/01/27 DD 01/11/24200,000 200,631 
SOUTHERN CALIFORNIA EDISON CO 5.350% 03/01/26 DD 03/01/24100,000 100,655 
SOUTHERN CO/THE 5.150% 10/06/25 DD 10/06/22345,000 346,173 
SOUTHERN POWER CO 0.900% 01/15/26 DD 01/08/21100,000 96,052 
SUMITOMO MITSUI FINANCIAL GROUP 2.632% 07/14/26 DD 07/14/161,750,000 1,696,175 
SYNCHRONY BANK 5.400% 08/22/25 DD 08/23/22280,000 280,349 
SYNCHRONY CARD FUNDING LLC A2 A 4.930% 07/15/30 DD 07/30/24700,000 704,436 
SYNCHRONY FINANCIAL 4.875% 06/13/25 DD 06/13/22430,000 429,581 
TESLA AUTO LEASE TRUST A A3 144A 5.300% 06/21/27 DD 03/13/24325,000 326,892 
THE CAMPBELL’S COMPANY 5.200% 03/19/27 DD 03/21/24495,000 499,558 
THERMO FISHER SCIENTIFIC INC 5.000% 12/05/26 DD 12/05/23825,000 832,837 
T-MOBILE USA INC 2.250% 02/15/26 DD 01/14/21425,000 412,793 
T-MOBILE USA INC 2.625% 04/15/26 DD 03/23/21992,000 966,719 
T-MOBILE USA INC 3.500% 04/15/25 DD 04/15/21575,000 572,405 
T-MOBILE USA INC 3.750% 04/15/27 DD 04/15/21475,000 464,011 
TORONTO-DOMINION BANK/THE 5.103% 01/09/26 DD 01/10/23915,000 919,245 
TOYOTA AUTO RECEIVABLES 2 A A3 4.630% 09/15/27 DD 01/30/23476,257 476,563 
TOYOTA AUTO RECEIVABLES B A2B VAR RT 03/15/27 DD 04/30/24495,974 496,022 
TOYOTA MOTOR CREDIT CORP 3.950% 06/30/25 DD 06/30/22720,000 717,549 
TRESTLES CLO VII LT 7A A1 144A VAR RT 10/25/37 DD 09/06/241,300,000 1,300,000 
TRINITAS CLO XXX L 30A A1 144A VAR RT 10/23/37 DD 09/20/24800,000 800,000 
TRUIST FINANCIAL CORP VAR RT 01/24/35 DD 01/24/24820,000 826,447 
U S TREASURY NOTE 0.250% 07/31/25 DD 07/31/205,090,000 4,974,232 
U S TREASURY NOTE 0.500% 02/28/26 DD 02/28/214,580,000 4,387,855 
U S TREASURY NOTE 0.500% 04/30/27 DD 04/30/20630,000 577,828 
U S TREASURY NOTE 0.625% 05/15/30 DD 05/15/201,280,000 1,050,150 
U S TREASURY NOTE 0.625% 08/15/30 DD 08/15/207,480,000 6,073,702 
U S TREASURY NOTE 0.750% 04/30/26 DD 04/30/212,470,000 2,359,139 
U S TREASURY NOTE 1.000% 07/31/28 DD 07/31/211,150,000 1,023,635 
U S TREASURY NOTE 1.125% 01/15/25 DD 01/15/22490,000 489,439 
16

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
U S TREASURY NOTE 1.125% 02/29/28 DD 02/28/212,130,000 1,931,810 
U S TREASURY NOTE 1.250% 06/30/28 DD 06/30/215,010,000 4,513,501 
U S TREASURY NOTE 1.375% 08/31/26 DD 08/31/198,670,000 8,273,415 
U S TREASURY NOTE 2.625% 12/31/25 DD 12/31/185,140,000 5,061,535 
U S TREASURY NOTE 2.750% 06/30/25 DD 06/30/182,230,000 2,214,007 
U S TREASURY NOTE 2.750% 08/31/25 DD 08/31/182,260,000 2,237,824 
U S TREASURY NOTE 2.875% 05/31/25 DD 05/31/18270,000 268,437 
U S TREASURY NOTE 3.000% 07/15/25 DD 07/15/224,440,000 4,411,348 
U S TREASURY NOTE 3.000% 10/31/25 DD 10/31/1813,100,000 12,966,953 
U S TREASURY NOTE 3.500% 04/30/30 DD 04/30/23850,000 813,311 
U S TREASURY NOTE 3.750% 05/31/30 DD 05/31/23510,000 493,564 
U S TREASURY NOTE 3.750% 06/30/30 DD 06/30/23750,000 725,449 
U S TREASURY NOTE 4.000% 02/28/30 DD 02/28/233,878,900 3,806,625 
U S TREASURY NOTE 4.125% 03/31/31 DD 03/31/24480,000 471,131 
U S TREASURY NOTE 4.375% 05/15/34 DD 05/15/242,160,000 2,127,263 
U S TREASURY NOTE 4.500% 07/15/26 DD 07/15/233,150,000 3,161,197 
U S TREASURY NOTE 4.500% 12/31/31 DD 12/31/24950,000 950,742 
UBS AG/LONDON 5.800% 09/11/25 DD 09/11/231,660,000 1,672,391 
UBS AG/STAMFORD CT 3.700% 02/21/25 DD 04/07/22665,000 663,670 
UNITEDHEALTH GROUP INC 3.700% 12/15/25 DD 12/17/181,187,000 1,177,102 
UNITEDHEALTH GROUP INC 4.600% 04/15/27 DD 03/21/24830,000 830,916 
US TREAS-CPI INFLAT 0.125% 07/15/26 DD 07/15/16131,686 128,596 
US TREAS-CPI INFLAT 0.250% 07/15/29 DD 07/15/19394,883 365,713 
US TREAS-CPI INFLAT 0.375% 07/15/27 DD 07/15/17154,847 149,421 
US TREAS-CPI INFLAT 0.625% 01/15/26 DD 01/15/16132,844 131,009 
US TREAS-CPI INFLAT 0.750% 02/15/45 DD 02/15/15187,663 135,980 
US TREAS-CPI INFLAT 0.875% 02/15/47 DD 02/15/1726,153 18,920 
US TREAS-CPI INFLAT 1.375% 02/15/44 DD 02/15/14176,071 146,512 
US TREAS-CPI INFLAT 1.875% 07/15/34 DD 07/15/241,508,940 1,462,507 
US TREAS-CPI INFLAT 2.500% 01/15/29 DD 01/15/09411,656 418,854 
US TREAS-CPI INFLAT 3.375% 04/15/32 DD 10/15/0117,783 19,249 
VERALTO CORP 5.500% 09/18/26 DD 03/18/241,668,000 1,687,302 
VERIZON COMMUNICATIONS INC 4.125% 03/16/27 DD 03/16/171,270,000 1,255,552 
VERSAILLES CDS DISC 02/04/25921,000 909,045 
VOLKSWAGEN AUTO LEASE TRUST A A2A 5.400% 12/21/26 DD 03/27/24629,753 632,879 
VOLKSWAGEN GROUP OF AMERICA 144A 3.950% 06/06/25 DD 06/08/22400,000 398,377 
WAMU MORTGAGE PASS-THROUGH AR13 A1A VAR RT 11/25/34 DD 11/23/0472,907 70,420 
WELLS FARGO & CO VAR RT 04/30/26 DD 04/30/20500,000 495,483 
WELLS FARGO & CO VAR RT 06/17/27 DD 06/17/191,295,000 1,264,976 
WELLS FARGO & CO VAR RT 08/15/26 DD 08/15/22676,000 674,644 
WELLS FARGO BANK NA 5.254% 12/11/26 DD 12/11/23700,000 708,281 
WILLIAMS COS INC/THE 4.000% 09/15/25 DD 03/03/15500,000 497,441 
WORLD OMNI AUTO RECEIVABLES B A2A 5.480% 09/15/27 DD 05/22/24334,125 335,553 
WORLD OMNI SELECT AUTO TRUST A A2A 5.370% 02/15/28 DD 07/24/24500,000 502,009 
XCEL ENERGY INC 1.750% 03/15/27 DD 11/03/21850,000 795,884 
XCEL ENERGY INC 3.350% 12/01/26 DD 12/01/16266,000 259,334 
Total Fixed Income Securities$203,835,774 
17

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
Common Stock
3M CO 48,665 $6,282,165 
ABBOTT LABORATORIES 131,809 14,908,916 
ABBVIE INC 15,491 2,752,751 
ABERCROMBIE & FITCH CO 12,361 1,847,599 
ACCENTURE PLC 7,831 2,754,867 
ACCOR SA 28,846 1,405,086 
ACV AUCTIONS INC 52,986 1,144,498 
ADDUS HOMECARE CORP 11,658 1,461,330 
ADIDAS AG 10,570 2,591,832 
ADOBE INC 347 154,304 
ADVANTEST CORP 19,909 1,165,201 
ADYEN NV 1,807 2,688,841 
AEROVIRONMENT INC 9,176 1,412,095 
AGCO CORP 56,600 5,290,968 
AGILENT TECHNOLOGIES INC 33,300 4,473,522 
AIA GROUP LTD HK/01299690,376 5,003,658 
AIB GROUP PLC 109,238 604,882 
AIR LEASE CORP 50,049 2,412,862 
AIR LIQUIDE SA 10,671 1,733,938 
AIRBNB INC 2,265 297,644 
AKAMAI TECHNOLOGIES INC 60,100 5,748,565 
AKERO THERAPEUTICS INC 33,120 921,398 
AKZO NOBEL NV 5,205 312,392 
ALCON AG 31,885 2,706,718 
ALFA LAVAL AB 69,656 2,916,294 
ALIBABA GROUP HOLDING LTD ADR19,985 1,694,528 
ALIGNMENT HEALTHCARE INC 188,719 2,123,089 
ALIMENTATION COUCHE-TARD INC 57,172 3,169,066 
ALKERMES PLC 29,464 847,385 
ALLEGRO MICROSYSTEMS INC 39,646 866,662 
ALLFUNDS GROUP PLC 85,801 447,789 
ALLIANT ENERGY CORP 173,100 10,237,134 
ALLIANZ SE 21,445 6,570,843 
ALLSTATE CORP/THE 9,932 1,914,790 
ALPHA METALLURGICAL RESOURCES 2,049 410,046 
ALPHABET INC 212,467 40,462,215 
AMAZON.COM INC 273,300 59,959,287 
AMBEV SA ADR513,085 949,207 
AMENTUM HOLDINGS INC 164,745 3,464,587 
AMERANT BANCORP INC 135,035 3,026,134 
AMERICAN EAGLE OUTFITTERS INC 52,506 875,275 
AMERICAN FINANCIAL GROUP INC/O 51,000 6,983,430 
AMERICAN INTERNATIONAL GROUP INC169,209 12,318,415 
AMERICAN SUPERCONDUCTOR CORP 24,138 594,519 
AMERICAN VANGUARD CORP 55,869 258,673 
AMERICAN WATER WORKS CO INC 51,925 6,464,143 
AMERIS BANCORP 53,030 3,318,087 
AMICUS THERAPEUTICS INC 87,386 823,176 
AMPHENOL CORP 58,314 4,049,907 
ANGLO AMERICAN PLC 51,307 1,519,033 
ANZ GROUP HOLDINGS LTD 115,222 2,036,035 
AON PLC 17,381 6,242,560 
APELLIS PHARMACEUTICALS INC 9,896 315,781 
API GROUP CORP 46,576 1,675,339 
APOGEE THERAPEUTICS INC 13,818 625,955 
18

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
APPLE INC 283,293 70,942,233 
APPLOVIN CORP 11,251 3,643,411 
APTARGROUP INC 33,175 5,211,793 
APTIV PLC 56,900 3,441,312 
ARCADIUM LITHIUM PLC 239,794 1,230,143 
ARDENT HEALTH PARTNERS INC 9,204 157,204 
ARES MANAGEMENT CORP 11,789 2,087,007 
ARGAN INC 20,120 2,757,245 
ARGENX SE 2,627 1,632,155 
ARGENX SE ADR16,066 9,880,590 
ARISTA NETWORKS INC 100,915 11,154,135 
ARKEMA SA 5,065 385,756 
ARTHUR J GALLAGHER & CO 5,085 1,443,377 
ASCENDIS PHARMA A/S ADR44,501 6,126,453 
ASML HOLDING NV 5,211 3,658,043 
ASSA ABLOY AB 62,666 1,853,451 
ASSURED GUARANTY LTD 25,400 2,286,254 
ASTRAZENECA PLC 25,080 3,288,019 
ATKORE INC 12,125 1,011,831 
ATLANTA BRAVES HOLDINGS INC 47,084 1,801,434 
ATLAS COPCO AB 173,536 2,651,904 
ATLASSIAN CORP 22,543 5,486,515 
ATMUS FILTRATION TECHNOLOGIES 35,498 1,390,812 
ATRICURE INC 19,319 590,389 
AUTOZONE INC 2,429 7,777,658 
AVERY DENNISON CORP 21,200 3,967,156 
AVIDITY BIOSCIENCES INC 45,400 1,320,232 
AVIENT CORP 38,902 1,589,536 
AXA SA 33,931 1,205,852 
AXALTA COATING SYSTEMS LTD 174,900 5,985,078 
AXSOME THERAPEUTICS INC 10,059 851,092 
AYVENS SA 32,983 223,537 
AZEK CO INC/THE 94,713 4,496,026 
AZZ INC 52,926 4,335,698 
BAE SYSTEMS PLC 70,225 1,010,103 
BAKER HUGHES CO 215,200 8,827,504 
BANC OF CALIFORNIA INC 116,020 1,793,669 
BANCA MONTE DEI PASCHI DI SIENA98,350 693,133 
BANCO BILBAO VIZCAYA ARGENTARIA356,538 3,489,632 
BANK OF AMERICA CORP 205,351 9,025,176 
*BANK OF NEW YORK MELLON CORP27,200 2,089,776 
BANNER CORP 24,480 1,634,530 
BARRICK GOLD CORP 32,395 502,075 
BAWAG GROUP AG 22,072 1,854,728 
BEAZLEY PLC 138,183 1,413,038 
BECTON DICKINSON & CO 24,645 5,591,211 
BERKSHIRE HATHAWAY INC 39,366 17,843,821 
BEST BUY CO INC 10,591 908,708 
BHP GROUP LTD ADR48,284 2,357,708 
BICARA THERAPEUTICS INC 15,867 276,403 
BIOHAVEN LTD 15,067 562,752 
BJ’S WHOLESALE CLUB HOLDINGS INC83,400 7,451,790 
BKV CORP 17,381 413,320 
BLACKSTONE INC 58,338 10,058,638 
BLOCK INC 26,488 2,251,215 
BLOOM ENERGY CORP 37,852 840,693 
19

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
BLUEPRINT MEDICINES CORP 16,083 1,402,759 
BOISE CASCADE CO 14,639 1,739,992 
BOOKING HOLDINGS INC 821 4,079,073 
BOOT BARN HOLDINGS INC 19,309 2,931,492 
BORGWARNER INC 202,500 6,437,475 
BRAZE INC 21,087 883,124 
BRENNTAG SE 12,380 741,992 
BRIGHT HORIZONS FAMILY SOLUTIONS9,180 1,017,603 
BRINKER INTERNATIONAL INC 3,777 499,659 
BRINK’S CO/THE 8,751 811,830 
BRITISH AMERICAN TOBACCO PLC 58,839 2,122,271 
BROADCOM INC 93,502 21,677,504 
BROOKDALE SENIOR LIVING INC 355,063 1,785,967 
BT GROUP PLC 511,306 922,438 
BUILDERS FIRSTSOURCE INC 23,234 3,320,836 
BUREAU VERITAS SA 12,654 384,448 
C3.AI INC 8,918 307,047 
CABOT CORP 31,441 2,870,878 
CACTUS INC 19,989 1,166,558 
CADENCE BANK 93,908 3,235,131 
CANADIAN NATIONAL RAILWAY CO 14,201 1,441,544 
CAPGEMINI SE 2,705 442,983 
CAPITAL CITY BANK GROUP INC 13,176 482,900 
CARGO THERAPEUTICS INC 22,143 319,302 
CARGURUS INC 177,586 6,488,992 
CARMAX INC 79,820 6,526,083 
CARPENTER TECHNOLOGY CORP 7,287 1,236,677 
CARRIER GLOBAL CORP 57,000 3,890,820 
CASELLA WASTE SYSTEMS INC 43,635 4,617,019 
CASTLE BIOSCIENCES INC 18,591 495,450 
CATERPILLAR INC 13,596 4,932,085 
CBRE GROUP INC 21,210 2,784,661 
CCC INTELLIGENT SOLUTIONS HOLDINGS234,925 2,755,670 
CELLDEX THERAPEUTICS INC 31,017 783,800 
CELSIUS HOLDINGS INC 18,126 477,439 
CENTRUS ENERGY CORP 2,365 157,533 
CENTURY ALUMINUM CO 17,953 327,104 
CENTURY COMMUNITIES INC 17,340 1,272,062 
CF INDUSTRIES HOLDINGS INC 65,700 5,605,524 
CG ONCOLOGY INC 19,322 554,155 
CHAMPION HOMES INC 53,296 4,695,378 
CHAMPIONX CORP 14,412 391,862 
CHART INDUSTRIES INC 11,868 2,264,889 
CHEESECAKE FACTORY INC/THE 16,033 760,606 
CHEFS’ WAREHOUSE INC/THE 54,341 2,680,098 
CHENIERE ENERGY INC 5,582 1,199,404 
CHIBA BANK LTD/THE 269,860 2,099,159 
CHIPOTLE MEXICAN GRILL INC 91,523 5,518,837 
CHORD ENERGY CORP 46,700 5,460,164 
CHUGAI PHARMACEUTICAL CO LTD 127,700 5,687,021 
CIE FINANCIERE RICHEMONT SA 8,246 1,254,757 
CINEMARK HOLDINGS INC 78,216 2,423,132 
CIVITAS RESOURCES INC 8,866 406,683 
CLEAR SECURE INC 120,799 3,218,085 
CLEARWATER ANALYTICS HOLDINGS 40,175 1,105,616 
COCA-COLA CO/THE 134,787 8,391,839 
20

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
COEUR MINING INC 69,399 396,962 
COHERENT CORP 19,569 1,853,771 
COLGATE-PALMOLIVE CO 55,845 5,076,869 
COLOPLAST A/S 12,310 1,343,885 
COMMERCIAL METALS CO 18,161 900,786 
COMMERZBANK AG 31,143 507,109 
COMSTOCK RESOURCES INC 77,368 1,409,645 
CONOCOPHILLIPS 114,622 11,367,064 
CONSOL ENERGY INC 4,678 499,049 
CONSTELLIUM SE 17,455 179,263 
COOPER COS INC/THE 75,500 6,940,715 
COTERRA ENERGY INC 259,800 6,635,292 
CREDICORP LTD 9,937 1,821,651 
CREDO TECHNOLOGY GROUP HOLDING 27,517 1,849,418 
CRESCENT ENERGY CO 79,807 1,165,980 
CRINETICS PHARMACEUTICALS INC 28,695 1,467,175 
CRODA INTERNATIONAL PLC 6,339 268,734 
CROWN HOLDINGS INC 96,500 7,979,585 
CVC CAPITAL PARTNERS PLC 47,831 1,052,987 
CYBERARK SOFTWARE LTD 1,225 408,109 
CYTOKINETICS INC 26,346 1,239,316 
DAIFUKU CO LTD 69,300 1,455,141 
DAIICHI SANKYO CO LTD 54,200 1,500,881 
DAIKIN INDUSTRIES LTD 6,419 762,144 
DAIMLER TRUCK HOLDING AG 27,361 1,044,046 
DASSAULT AVIATION SA 1,377 281,184 
DASSAULT SYSTEMES SE 46,040 1,597,093 
DATADOG INC 25,382 3,626,834 
DAY ONE BIOPHARMACEUTICALS INC 36,111 457,526 
DBS GROUP HOLDINGS LTD 184,181 5,902,649 
DECKERS OUTDOOR CORP 16,817 3,415,365 
DEERE & CO 9,968 4,223,442 
DENALI THERAPEUTICS INC 29,661 604,491 
DENSO CORP 43,340 610,692 
DEUTSCHE POST AG 28,281 995,103 
DEUTSCHE TELEKOM AG 67,117 2,007,845 
DEVON ENERGY CORP 122,800 4,019,244 
DEXCOM INC 28,444 2,212,090 
DIAMONDBACK ENERGY INC 35,787 5,862,984 
DIASORIN SPA 3,942 406,398 
DICK’S SPORTING GOODS INC 6,257 1,431,852 
DIGITALOCEAN HOLDINGS INC 113,494 3,866,741 
DIME COMMUNITY BANCSHARES INC 21,387 657,329 
DISC MEDICINE INC 12,133 769,232 
DISCO CORP 10,499 2,854,557 
DOMINION ENERGY INC 61,423 3,308,243 
DOORDASH INC 61,479 10,313,102 
DORMAN PRODUCTS INC 4,848 628,058 
DR HORTON INC 79,731 11,147,988 
DSM-FIRMENICH AG 3,360 339,995 
DUTCH BROS INC 21,777 1,140,679 
DXP ENTERPRISES INC/TX 21,000 1,735,020 
E.ON SE 109,827 1,278,847 
EASTERN BANKSHARES INC 125,809 2,170,205 
EATON CORP PLC 13,110 4,350,816 
EBAY INC 97,600 6,046,320 
21

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
EDWARDS LIFESCIENCES CORP 17,444 1,291,379 
ELEMENT SOLUTIONS INC 52,197 1,327,370 
ELF BEAUTY INC 5,297 665,038 
ELI LILLY & CO 23,444 18,098,768 
ENGIE SA 106,656 1,690,871 
ENN ENERGY HOLDINGS LTD HK/02688328,400 2,361,130 
ENSIGN GROUP INC/THE 10,681 1,419,078 
ENTERPRISE FINANCIAL SERVICES 38,894 2,193,622 
EPIROC AB 106,322 1,852,823 
EQUIFAX INC 10,085 2,570,162 
ERSTE GROUP BANK AG 9,856 608,883 
ESC GLOBIX CORPORATION 1,200  
EUROGROUP LAMINATIONS SPA 30,505 88,383 
EVOLENT HEALTH INC 104,396 1,174,455 
EVOLUTION MINING LTD 232,230 691,607 
EXACT SCIENCES CORP 23,249 1,306,361 
EXPEDIA GROUP INC 38,300 7,136,439 
EXPERIAN PLC 13,936 601,271 
FABRINET 3,695 812,457 
FAIR ISAAC CORP 2,713 5,401,393 
FANUC CORP 54,447 1,446,400 
FERGUSON ENTERPRISES INC 31,996 5,553,546 
FIDELITY NATIONAL FINANCIAL INC 119,800 6,725,572 
FINECOBANK BANCA FINECO SPA 75,017 1,304,249 
FIRST INTERSTATE BANCSYSTEM INC28,040 910,459 
FIRST QUANTUM MINERALS LTD 20,589 265,272 
FIVE POINT HOLDINGS LLC 56,877 214,995 
FIVERR INTERNATIONAL LTD 111,568 3,540,053 
FLEX LTD 82,200 3,155,658 
FLOWSERVE CORP 19,918 1,145,683 
FLUENCE ENERGY INC 37,648 597,850 
FOMENTO ECONOMICO MEXICANO SAB ADR31,438 2,687,635 
FORTIVE CORP 24,832 1,862,400 
FRANCO-NEVADA CORP 58,200 6,843,738 
FREEPORT-MCMORAN INC 112,564 4,286,437 
FRESHPET INC 12,902 1,910,915 
FTI CONSULTING INC 23,600 4,510,668 
FUJITSU LTD 47,800 851,464 
GALDERMA GROUP AG 8,107 900,291 
GENERAL MOTORS CO 150,464 8,015,217 
GENIUS SPORTS LTD 153,344 1,326,426 
GENMAB A/S 7,284 1,509,577 
GENPACT LTD 165,400 7,103,930 
GEO GROUP INC/THE 33,029 924,151 
GERON CORP 236,857 838,474 
GITLAB INC 41,367 2,331,030 
GLAUKOS CORP 18,898 2,833,566 
GLENCORE PLC 185,863 822,626 
GLOBAL PAYMENTS INC 31,875 3,571,913 
GLOBANT SA 25,700 5,510,594 
GODADDY INC 9,577 1,890,212 
*GOLDMAN SACHS GROUP INC/THE 501,941 287,421,455 
GOODYEAR TIRE & RUBBER CO/THE 188,102 1,692,918 
GRAB HOLDINGS LTD 175,799 829,771 
GROUP 1 AUTOMOTIVE INC 3,102 1,307,431 
GRUPO FINANCIERO BANORTE SAB DE CV212,300 1,371,855 
22

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
GSK PLC 103,041 1,737,639 
GUARDANT HEALTH INC 17,683 540,216 
GUIDEWIRE SOFTWARE INC 5,842 984,844 
GULFPORT ENERGY CORP 15,760 2,902,992 
HA SUSTAINABLE INFRASTRUCTURE 55,953 1,501,219 
HAEMONETICS CORP 19,229 1,501,400 
HAIER SMART HOME CO LTD HK/06690635,200 2,248,727 
HAKUHODO DY HOLDINGS INC 38,400 292,838 
HALEON PLC 1,583,899 7,486,390 
HAMILTON INSURANCE GROUP LTD 60,484 1,151,011 
HAMILTON LANE INC 13,153 1,947,302 
HANESBRANDS INC 69,638 566,853 
HARMONIC INC 138,352 1,830,397 
HARTFORD INSURANCE GROUP INC/THE116,712 12,768,293 
HAYWARD HOLDINGS INC 98,995 1,513,634 
HB FULLER CO 19,865 1,340,490 
HCA HEALTHCARE INC 16,967 5,092,645 
HCI GROUP INC 9,435 1,099,461 
HDFC BANK LTD ADR79,416 5,071,506 
HEALTH CATALYST INC 140,349 992,267 
HEALTHEQUITY INC 12,464 1,195,921 
HECLA MINING CO 88,170 432,915 
HELIOS TECHNOLOGIES INC 30,240 1,349,914 
HERITAGE COMMERCE CORP 69,645 653,270 
HERMES INTERNATIONAL SCA 808 1,942,780 
HILTON WORLDWIDE HOLDINGS INC 11,200 2,768,192 
HOLCIM AG 11,783 1,135,849 
HOLOGIC INC 78,200 5,637,438 
HOME BANCSHARES INC/AR 119,752 3,388,982 
HOME DEPOT INC/THE 16,595 6,455,289 
HONDA MOTOR CO LTD 106,900 1,044,105 
HSBC HOLDINGS PLC 206,860 2,034,488 
HUBBELL INC 12,393 5,191,304 
HUBSPOT INC 10,501 7,316,782 
HUNTINGTON BANCSHARES INC/OH 335,625 5,460,619 
ICHOR HOLDINGS LTD 56,303 1,814,083 
ICON PLC 17,900 3,753,809 
IDACORP INC 22,289 2,435,742 
ILLUMINA INC 14,527 1,941,243 
IMCD NV 3,883 576,991 
IMI PLC 41,079 936,856 
IMMUNOCORE HOLDINGS PLC ADR15,981 471,440 
IMPERIAL BRANDS PLC 37,520 1,199,656 
IMPINJ INC 1,357 197,118 
INCHCAPE PLC 80,387 774,707 
INDUSTRIA DE DISENO TEXTIL SA 29,769 1,530,193 
INFINEON TECHNOLOGIES AG 90,021 2,927,006 
INGERSOLL RAND INC 20,461 1,850,902 
INGEVITY CORP 28,384 1,156,648 
INGRAM MICRO HOLDING CORP 42,337 820,914 
INSIGHT ENTERPRISES INC 10,261 1,560,698 
INSMED INC 47,776 3,298,455 
INSULET CORP 7,817 2,040,784 
INTELLIA THERAPEUTICS INC 21,734 253,418 
INTERDIGITAL INC 527 102,090 
INTERMEDIATE CAPITAL GROUP PLC 17,182 444,577 
23

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
INTERNATIONAL BUSINESS MACHINES32,969 7,247,575 
INTERNATIONAL GAME TECHNOLOGY 11,800 208,388 
INTERNATIONAL PAPER CO 57,843 3,113,110 
INTUIT INC 9,668 6,076,338 
INTUITIVE SURGICAL INC 27,232 14,214,015 
IRHYTHM TECHNOLOGIES INC 29,857 2,692,206 
ISUZU MOTORS LTD 92,000 1,263,566 
ITOCHU CORP 19,896 991,508 
ITRON INC 16,121 1,750,418 
JAMF HOLDING CORP 48,194 677,126 
JANUX THERAPEUTICS INC 7,630 408,510 
JB HUNT TRANSPORT SERVICES INC 34,700 5,921,902 
JCDECAUX SE 33,314 522,969 
JOHNSON & JOHNSON 33,320 4,818,738 
KAISER ALUMINUM CORP 2,089 146,794 
KANSAI ELECTRIC POWER CO INC/THE45,206 504,382 
KBC GROUP NV 15,712 1,212,749 
KDDI CORP 36,817 1,181,161 
KENNAMETAL INC 48,536 1,165,835 
KEYCORP 271,574 4,654,778 
KEYENCE CORP 7,065 2,905,389 
KKR & CO INC 75,569 11,177,411 
KNIGHT-SWIFT TRANSPORTATION HOLDINGS125,400 6,651,216 
KODIAK GAS SERVICES INC 35,428 1,446,525 
KOITO MANUFACTURING CO LTD 28,880 368,994 
KOMATSU LTD 74,100 2,050,999 
KYMERA THERAPEUTICS INC 19,205 772,617 
L3HARRIS TECHNOLOGIES INC 15,970 3,358,172 
LABCORP HOLDINGS INC 19,753 4,529,758 
LAM RESEARCH CORP 33,780 2,439,929 
LANDSTAR SYSTEM INC 26,400 4,537,104 
LATTICE SEMICONDUCTOR CORP 88,162 4,994,377 
LA-Z-BOY INC 15,269 665,270 
LEGRAND SA 12,281 1,195,904 
LENDINGCLUB CORP 20,452 331,118 
LIBERTY MEDIA CORP-LIBERTY FORMULA ONE47,444 4,396,161 
LIFESTANCE HEALTH GROUP INC 197,319 1,454,241 
LINCOLN ELECTRIC HOLDINGS INC 18,800 3,524,436 
LINDE PLC 5,651 2,365,904 
LIVE NATION ENTERTAINMENT INC 35,325 4,574,588 
LONDON STOCK EXCHANGE GROUP PLC 12,072 1,706,176 
L’OREAL SA 8,088 2,863,036 
LOUISIANA-PACIFIC CORP 9,346 967,778 
LPL FINANCIAL HOLDINGS INC 5,760 1,880,698 
LUKOIL PJSC ADR41,527  
LULULEMON ATHLETICA INC 12,600 4,818,366 
LUNDIN MINING CORP 72,016 619,412 
LVMH MOET HENNESSY LOUIS VUITTON1,277 840,343 
MACOM TECHNOLOGY SOLUTIONS HOLDINGS23,944 3,110,565 
MAGNITE INC 223,814 3,563,119 
MAKITA CORP 14,320 441,281 
MANULIFE FINANCIAL CORP 152,900 4,694,802 
MAPLEBEAR INC 75,500 3,127,210 
MARTIN MARIETTA MATERIALS INC 7,239 3,738,944 
MARVELL TECHNOLOGY INC 30,449 3,363,092 
MASTERCARD INC 48,232 25,397,524 
24

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
MATADOR RESOURCES CO 28,794 1,619,950 
MBX BIOSCIENCES INC 17,542 323,299 
MCDONALD’S CORP 22,993 6,665,441 
MCGRATH RENTCORP 11,064 1,237,176 
MCKESSON CORP 10,202 5,814,222 
MEDTRONIC PLC 56,098 4,481,108 
MERCADOLIBRE INC 4,683 7,963,161 
MERUS NV 7,046 296,284 
META PLATFORMS INC 72,551 42,479,336 
METHANEX CORP 9,027 450,848 
MGIC INVESTMENT CORP 51,865 1,229,719 
MICROSOFT CORP 116,606 49,149,429 
MIDDLEBY CORP/THE 46,600 6,311,970 
MIDWESTONE FINANCIAL GROUP INC 23,296 678,380 
MISUMI GROUP INC 42,700 667,018 
MITSUBISHI CORP 49,500 820,171 
MITSUBISHI ELECTRIC CORP 18,281 312,554 
MITSUBISHI HEAVY INDUSTRIES LTD45,400 642,175 
MITSUI & CO LTD 41,400 872,203 
MITSUI FUDOSAN CO LTD 192,000 1,551,540 
MIZUHO FINANCIAL GROUP INC 52,230 1,287,139 
MKS INSTRUMENTS INC 48,400 5,052,476 
MONGODB INC 3,363 782,940 
MONOLITHIC POWER SYSTEMS INC 4,838 2,862,645 
MONSTER BEVERAGE CORP 15,799 830,395 
MOOG INC 11,305 2,225,276 
MOTOROLA SOLUTIONS INC 3,600 1,664,028 
MR COOPER GROUP INC 15,389 1,477,498 
MS&AD INSURANCE GROUP HOLDINGS 56,200 1,233,353 
MVB FINANCIAL CORP 18,067 373,987 
NASDAQ INC 68,498 5,295,580 
NATERA INC 10,582 1,675,131 
NATIONAL BANK HOLDINGS CORP 24,532 1,056,348 
NATIONAL GRID PLC 185,405 2,205,912 
NATURAL GROCERS BY VITAMIN COTTAGE9,576 380,359 
NESTLE SA ADR34,136 2,788,911 
NET POWER INC 18,380 194,644 
NETFLIX INC 26,486 23,607,502 
NEXT PLC 9,985 1,187,745 
NEXTRACKER INC 47,871 1,748,728 
NIPPON TELEGRAPH & TELEPHONE CORP815,900 820,261 
NISSAN MOTOR CO LTD 39,300 120,031 
NOBLE CORP PLC  8 
NORTHEAST BANK 7,956 729,804 
NOVAGOLD RESOURCES INC 60,898 202,790 
NOVANTA INC 11,283 1,723,704 
NOVARTIS AG 27,177 2,659,972 
NOVO NORDISK A/S 43,751 3,792,126 
NOVONESIS (NOVOZYMES) B 21,458 1,214,789 
NU HOLDINGS LTD/CAYMAN ISLANDS 66,521 689,158 
NURIX THERAPEUTICS INC 36,750 692,370 
NUTANIX INC 22,947 1,403,897 
NUVALENT INC 9,048 708,277 
NVIDIA CORP 545,830 73,299,511 
NVR INC 517 4,228,492 
ODDITY TECH LTD 7,845 329,647 
25

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
OLD NATIONAL BANCORP/IN 102,452 2,223,721 
OLD REPUBLIC INTERNATIONAL CORP165,500 5,989,445 
OLEMA PHARMACEUTICALS INC 52,270 304,734 
ON SEMICONDUCTOR CORP 73,600 4,640,480 
ONE GAS INC 32,620 2,258,935 
ONESPAWORLD HOLDINGS LTD 73,684 1,466,312 
ONTO INNOVATION INC 16,461 2,743,555 
OPTION CARE HEALTH INC 103,388 2,398,602 
ORACLE CORP 82,349 13,722,637 
ORORA LTD 113,520 172,903 
OTSUKA HOLDINGS CO LTD 17,100 935,734 
PACKAGING CORP OF AMERICA 23,200 5,223,016 
PACS GROUP INC 21,281 278,994 
PALO ALTO NETWORKS INC 21,016 3,824,071 
PAPA JOHN’S INTERNATIONAL INC 7,910 324,864 
PARKER-HANNIFIN CORP 3,920 2,493,238 
PARSONS CORP 23,931 2,207,635 
PAYONEER GLOBAL INC 141,739 1,423,060 
PAYPAL HOLDINGS INC 73,708 6,290,978 
PEABODY ENERGY CORP 19,676 412,015 
PERELLA WEINBERG PARTNERS 94,341 2,249,089 
PERFORMANCE FOOD GROUP CO 44,800 3,787,840 
PFIZER INC 265,035 7,031,379 
PING AN INSURANCE GROUP CO OF HK/02318193,500 1,147,108 
POPULAR INC 7,999 752,386 
POWER INTEGRATIONS INC 22,198 1,369,617 
PRIMO BRANDS CORP 32,340 995,102 
PRIVIA HEALTH GROUP INC 72,414 1,415,694 
PROSPERITY BANCSHARES INC 82,100 6,186,235 
PROSUS NV 45,999 1,826,686 
PROTAGONIST THERAPEUTICS INC 18,656 720,122 
PTC THERAPEUTICS INC 22,488 1,015,108 
PURE STORAGE INC 48,378 2,971,861 
QIAGEN NV 18,146 808,823 
QUANTA SERVICES INC 29,998 9,480,868 
QUEST DIAGNOSTICS INC 54,900 8,282,214 
RADIUS RECYCLING INC 6,126 93,238 
RALPH LAUREN CORP 15,650 3,614,837 
RAMBUS INC 36,935 1,952,384 
RECRUIT HOLDINGS CO LTD 27,337 1,938,603 
RED ROCK RESORTS INC 6,678 308,791 
REGAL REXNORD CORP 65,818 10,210,346 
REGENERON PHARMACEUTICALS INC 2,874 2,047,236 
RENASANT CORP 34,200 1,222,650 
RENAULT SA 20,864 1,016,500 
RENESAS ELECTRONICS CORP 51,358 668,772 
REPLIMUNE GROUP INC 37,459 453,628 
REPUBLIC SERVICES INC 13,400 2,695,812 
REVOLUTION MEDICINES INC 46,084 2,015,714 
RHEINMETALL AG 1,100 700,060 
RIGETTI COMPUTING INC 13,393 204,377 
RIO TINTO PLC 42,167 2,494,214 
ROBINHOOD MARKETS INC 63,124 2,352,000 
ROCHE HOLDING AG 13,750 3,876,552 
ROCKET PHARMACEUTICALS INC 45,398 570,653 
ROSS STORES INC 49,400 7,472,738 
26

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
RPM INTERNATIONAL INC 47,300 5,820,738 
RYANAIR HOLDINGS PLC ADR12,515 545,529 
RYDER SYSTEM INC 27,009 4,236,632 
SAFRAN SA 6,805 1,494,579 
SAGE GROUP PLC/THE 12,537 199,878 
SAIA INC 8,141 3,710,098 
SALESFORCE INC 22,036 7,367,296 
SAMSARA INC 27,233 1,189,810 
SAMSUNG ELECTRONICS CO LTD GDR3,933 3,579,030 
SANSAN INC 22,762 332,392 
SAP SE 3,367 823,867 
SAP SE ADR7,805 1,921,669 
SAVARA INC 122,171 375,065 
SCHNEIDER ELECTRIC SE 26,432 6,593,514 
SCHNEIDER NATIONAL INC 130,058 3,808,098 
SCHOLAR ROCK HOLDING CORP 28,014 1,210,765 
SEADRILL LTD 26,470 1,030,477 
SEKISUI HOUSE LTD 30,700 738,785 
SEMTECH CORP 32,041 1,981,736 
SERVICENOW INC 14,796 15,685,536 
SHAKE SHACK INC 22,255 2,888,699 
SHELL PLC 179,190 5,556,579 
SHIFT4 PAYMENTS INC 6,066 629,529 
SHIMANO INC 7,600 1,034,385 
SHIONOGI & CO LTD 106,600 1,505,125 
SHOALS TECHNOLOGIES GROUP INC 133,684 739,273 
SHOPIFY INC 91,249 9,702,506 
SIEMENS AG 7,898 1,542,115 
SILICON LABORATORIES INC 17,060 2,119,193 
SINGAPORE TELECOMMUNICATIONS LTD 526,249 1,188,130 
SIRIUSPOINT LTD 125,839 2,062,501 
SITIME CORP 1,958 420,050 
SITIO ROYALTIES CORP 54,678 1,048,724 
SKANDINAVISKA ENSKILDA BANKEN 178,243 2,443,143 
SMARTFINANCIAL INC 9,200 285,016 
SMITH DOUGLAS HOMES CORP 14,411 369,498 
SMURFIT WESTROCK PLC 90,700 4,885,102 
SOCIETE GENERALE SA 39,197 1,102,383 
SOLENO THERAPEUTICS INC 17,811 800,604 
SONOVA HOLDING AG 5,114 1,672,031 
SONY GROUP CORP 346,261 7,422,711 
SOUNDHOUND AI INC 29,173 578,792 
SOUTHSTATE CORP 7,284 724,612 
SPIRE INC 20,696 1,403,810 
SPOTIFY TECHNOLOGY SA 37,756 16,891,280 
SPROUTS FARMERS MARKET INC 12,620 1,603,623 
SPS COMMERCE INC 8,540 1,571,275 
SPYRE THERAPEUTICS INC 25,660 597,365 
SS&C TECHNOLOGIES HOLDINGS INC 72,762 5,513,904 
SSR MINING INC 35,597 247,755 
STARBUCKS CORP 86,244 7,869,765 
STEPSTONE GROUP INC 34,141 1,976,081 
STEVANATO GROUP SPA 10,198 222,214 
STRUCTURE THERAPEUTICS INC ADR18,051 489,543 
SUMITOMO MITSUI TRUST GROUP INC24,022 564,324 
SUNRUN INC 24,805 229,446 
27

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
SURGERY PARTNERS INC 75,457 1,597,425 
SWEETGREEN INC 97,724 3,133,031 
SYMRISE AG 17,555 1,865,992 
SYNAPTICS INC 11,705 893,326 
SYNDAX PHARMACEUTICALS INC 34,947 461,999 
SYNOPSYS INC 9,852 4,781,766 
SYNOVUS FINANCIAL CORP 26,150 1,339,665 
SYSCO CORP 94,453 7,221,876 
SYSMEX CORP 189,950 3,525,001 
T ROWE PRICE GROUP INC 43,500 4,919,415 
TABOOLA.COM LTD 458,853 1,674,813 
TAIWAN SEMICONDUCTOR MANUFACTURING ADR62,760 12,394,473 
TAKE-TWO INTERACTIVE SOFTWARE 8,896 1,637,576 
TALANX AG 19,582 1,665,769 
TARGET CORP 81,555 11,024,605 
TDK CORP 57,275 755,297 
TECAN GROUP AG 1,447 323,489 
TECHTRONIC INDUSTRIES CO LTD HK/00669170,500 2,249,789 
TECNOGLASS INC 29,538 2,342,954 
TELKOM INDONESIA PERSERO TBK PT9,900,700 1,667,030 
TENCENT HOLDINGS LTD HK/0070056,200 3,016,935 
TERUMO CORP 42,200 822,196 
TESCO PLC 385,268 1,777,083 
TESLA INC 67,906 27,423,159 
TEXAS CAPITAL BANCSHARES INC 29,342 2,294,544 
TEXAS INSTRUMENTS INC 44,947 8,428,012 
TEXTRON INC 72,325 5,532,139 
THERMO FISHER SCIENTIFIC INC 2,128 1,107,049 
TOKYO ELECTRON LTD 7,121 1,095,835 
TOTALENERGIES SE 87,930 4,859,419 
TOWNE BANK/PORTSMOUTH VA 21,438 730,178 
TRADE DESK INC/THE 24,610 2,892,413 
TRADEWEB MARKETS INC 30,431 3,984,027 
TRAINLINE PLC 102,330 553,643 
TRANE TECHNOLOGIES PLC 14,868 5,491,496 
TRANSDIGM GROUP INC 6,431 8,149,878 
TRANSUNION 45,100 4,181,221 
TRELLEBORG AB 21,712 743,957 
TRIMBLE INC 89,775 6,343,502 
TRINET GROUP INC 43,981 3,992,155 
TRIUMPH FINANCIAL INC 4,181 379,969 
TRUPANION INC 64,010 3,085,282 
TRUSTMARK CORP 40,901 1,446,668 
TWIST BIOSCIENCE CORP 50,597 2,351,243 
TXNM ENERGY INC 34,132 1,678,270 
TYLER TECHNOLOGIES INC 12,638 7,287,576 
UBER TECHNOLOGIES INC 57,179 3,449,037 
UCB SA 5,252 1,045,269 
ULTRAGENYX PHARMACEUTICAL INC 17,470 734,963 
UMB FINANCIAL CORP 26,856 3,030,968 
UNICHARM CORP 156,300 1,295,373 
UNICREDIT SPA 25,866 1,031,863 
UNILEVER PLC 66,699 3,799,118 
UNION PACIFIC CORP 34,321 7,826,561 
UNITED OVERSEAS BANK LTD 92,450 2,462,035 
URANIUM ENERGY CORP 47,283 316,323 
28

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
US FOODS HOLDING CORP 181,152 12,220,514 
VALARIS LTD 15,715 695,232 
VALEO SE 19,388 186,950 
VALLEY NATIONAL BANCORP 222,290 2,013,947 
VALMONT INDUSTRIES INC 6,057 1,857,500 
VAXCYTE INC 20,870 1,708,418 
VEEVA SYSTEMS INC 11,001 2,312,960 
VERACYTE INC 76,589 3,032,925 
VERICEL CORP 24,910 1,367,808 
VERISK ANALYTICS INC 7,369 2,029,644 
VERONA PHARMA PLC ADR20,052 931,215 
VERRA MOBILITY CORP 29,677 717,590 
VERTIV HOLDINGS CO 38,528 4,377,166 
VIAVI SOLUTIONS INC 228,089 2,303,699 
VINCI SA 10,519 1,086,410 
VIPER ENERGY INC 76,389 3,748,408 
VISA INC 16,174 5,111,631 
VISTEON CORP 15,573 1,381,637 
VITA COCO CO INC/THE 20,180 744,844 
VITAL FARMS INC 11,817 445,383 
WALMART INC 42,225 3,815,029 
WARRIOR MET COAL INC 9,450 512,568 
WASTE MANAGEMENT INC 27,639 5,577,274 
WELLS FARGO & CO 46,451 3,262,718 
WERNER ENTERPRISES INC 63,380 2,276,610 
WEST PHARMACEUTICAL SERVICES INC23,297 7,631,165 
WESTINGHOUSE AIR BRAKE TECHNOLOGIES10,580 2,005,862 
WESTLAKE CORP 54,800 6,282,820 
WHITE MOUNTAINS INSURANCE GROUP 451 877,222 
WHITEHAVEN COAL LTD 84,808 325,555 
WILLIS TOWERS WATSON PLC 32,600 10,211,624 
WINGSTOP INC 4,128 1,173,178 
WISDOMTREE INC 106,688 1,120,224 
WISE PLC 43,574 581,738 
WIX.COM LTD 3,321 712,521 
WOLTERS KLUWER NV 3,582 594,949 
WORTHINGTON ENTERPRISES INC 4,912 197,020 
WORTHINGTON STEEL INC 4,405 140,167 
WPP PLC 90,293 935,648 
WW GRAINGER INC 2,675 2,819,584 
XCEL ENERGY INC 74,200 5,009,984 
XYLEM INC/NY 64,058 7,432,009 
ZEBRA TECHNOLOGIES CORP 13,500 5,213,970 
ZENAS BIOPHARMA INC 16,839 137,911 
ZETA GLOBAL HOLDINGS CORP 26,352 474,072 
ZSCALER INC 13,333 2,405,407 
ZTO EXPRESS CAYMAN INC ADR84,321 1,648,128 
Total Common Stock$2,468,184,683 
29

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
Mutual Funds
DREYFUS INS RSRV PR MONEY 6546 84,186,148 $84,186,148 
ISHARES CORE MSCI EAFE ETF 53,731 3,776,215 
ISHARES RUSSELL 2000 ETF 23,661 5,228,135 
PIMCO FDS SHORT TERM FLTG NAV PORT II1,223,133 12,252,118 
Total Mutual Funds$105,442,616 
Real Estate Investment Trusts
ACADIA REALTY TRUST 46,291 $1,118,391 
AGREE REALTY CORP 48,580 3,422,461 
ALEXANDRIA REAL ESTATE EQUITIES49,330 4,812,142 
AMERICAN HEALTHCARE REIT INC 194,249 5,520,556 
AMERICAN HOMES 4 RENT 5,730 214,417 
AMERICAN TOWER CORP 3.375% 10/15/26 DD 05/13/16275,000 268,607 
AMERICOLD REALTY TRUST INC 84,410 1,806,374 
BRIXMOR PROPERTY GROUP INC 174,540 4,859,194 
BROADSTONE NET LEASE INC 91,936 1,458,105 
BXP INC 50,470 3,752,949 
CAMDEN PROPERTY TRUST 124,730 14,473,669 
CARETRUST REIT INC 62,690 1,695,765 
COUSINS PROPERTIES INC 120,330 3,686,911 
CROWN CASTLE INC 1.350% 07/15/25 DD 06/15/20300,000 294,251 
CUBESMART 43,420 1,860,547 
DIAMONDROCK HOSPITALITY CO 141,722 1,279,750 
DIGITAL REALTY TRUST INC 66,500 11,792,445 
DOUGLAS EMMETT INC 42,350 786,016 
EASTGROUP PROPERTIES INC 12,417 1,992,804 
ELME COMMUNITIES 14,320 218,666 
EMPIRE STATE REALTY TRUST INC 20,340 209,909 
EQUINIX INC 20,040 18,895,516 
EQUITY LIFESTYLE PROPERTIES INC68,300 4,548,780 
EQUITY RESIDENTIAL 104,560 7,503,226 
ESSENTIAL PROPERTIES REALTY TRUST 88,569 2,770,438 
EXTRA SPACE STORAGE INC 81,163 12,141,985 
FEDERAL REALTY INVESTMENT TRUST23,010 2,575,970 
FIRST INDUSTRIAL REALTY TRUST 45,740 2,292,946 
HEALTHPEAK PROPERTIES INC 256,380 5,196,823 
HOST HOTELS & RESORTS INC 258,250 4,524,540 
INDEPENDENCE REALTY TRUST INC 149,652 2,969,096 
INVENTRUST PROPERTIES CORP 29,191 879,525 
INVITATION HOMES INC 272,180 8,701,595 
IRON MOUNTAIN INC 42,500 4,467,175 
KILROY REALTY CORP 26,070 1,054,532 
KIMCO REALTY CORP 189,200 4,432,956 
KITE REALTY GROUP TRUST 86,170 2,174,931 
KKR REAL ESTATE FINANCE TRUST 37,830 382,083 
KLEPIERRE SA 59,161 1,703,062 
LADDER CAPITAL CORP 81,641 913,563 
LAMAR ADVERTISING CO 77,310 9,411,719 
LINEAGE INC 79,190 4,638,158 
MACERICH CO/THE 163,516 3,257,238 
NATIONAL HEALTH INVESTORS INC 13,588 941,648 
NETSTREIT CORP 65,370 924,986 
NNN REIT INC 256,426 10,475,002 
OMEGA HEALTHCARE INVESTORS INC 68,530 2,593,861 
OUTFRONT MEDIA INC 130,825 2,320,836 
30

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
PEBBLEBROOK HOTEL TRUST 49,791 674,668 
PROLOGIS INC 139,430 14,737,751 
PUBLIC STORAGE 18,750 5,614,500 
REALTY INCOME CORP 117,994 6,302,060 
REDWOOD TRUST INC 74,730 487,987 
REXFORD INDUSTRIAL REALTY INC 91,860 3,551,308 
SBA COMMUNICATIONS CORP 51,498 10,495,292 
SIMON PROPERTY GROUP INC 43,110 7,423,973 
SL GREEN REALTY CORP 38,281 2,600,045 
STOCKLAND 355,544 1,056,648 
SUN COMMUNITIES INC 36,350 4,469,960 
SUNSTONE HOTEL INVESTORS INC 44,887 531,462 
TANGER INC 86,777 2,961,699 
TPG RE FINANCE TRUST INC 50,266 427,261 
UDR INC 202,050 8,770,991 
VENTAS INC 140,920 8,298,779 
VICI PROPERTIES INC 224,640 6,561,734 
VORNADO REALTY TRUST 45,800 1,925,432 
WELLTOWER INC 106,870 13,468,826 
XENIA HOTELS & RESORTS INC 126,205 1,875,209 
Total Real Estate Investment Trusts$290,451,704 
Commodities
GOLD BARS 119 $30,895,372 
Total Commodities$30,895,372 
Derivative Assets
BRENT CRUDE FUTURE (ICE) EXP JUL 251,318,518 $ 
BRENT CRUDE FUTURE (ICE) EXP MAR 25447,846  
BRENT CRUDE OIL (ICE) EXP DEC 26977,074  
BRENT CRUDE OIL (ICE) EXP JUN 251,691,903  
BRENT CRUDE OIL (ICE) EXP OCT 251,302,138  
BRENT CRUDE OIL FUTURE (ICE) EXP SEP 254,503,122  
CA CARBON ALLOW FUTURE (IFE) EXP DEC 254,166,565  
COCOA FUTURE (NYB) EXP MAR 25233,502  
COFFEE 'C' FUTURE (NYB) EXP JUL 25231,340  
COFFEE 'C' FUTURE (NYB) EXP MAR 25119,907  
COFFEE 'C' FUTURE (NYB) EXP MAY 25354,209  
COM FWD EUROBOBCO CAL25 2025 DEC 3112,000 26,952 
COM FWD EUROBOBCO 3Q25 11.35 2025 SEP 303,000 1,687 
COMMIT TO PUR FNMA SF MTG 5.500% 01/01/55 DD 01/01/252,500,000 33,775 
COMMIT TO PUR FNMA SF MTG 5.500% 02/01/55 DD 02/01/252,400,000 34,112 
COPPER FUTURE (CMX) EXP MAR 25100,664  
CORN FUTURE (CBT) EXP JUL 25351,578  
CORN FUTURE (CBT) EXP MAY 2593,154  
CRUDE OIL FUTURE (NYM) EXP JUL 251,396,820  
CRUDE OIL FUTURE (NYM) EXP SEP 252,351,134  
ECX EMISSION (EDX) EXP MAR 25148,223  
GASOLINE RBOB FUTURE (NYM) EXP APR 25748,448  
GASOLINE RBOB FUTURE (NYM) EXP DEC 25552,933  
GASOLINE RBOB FUTURE (NYM) EXP FEB 2584,387  
GASOLINE RBOB FUTURE (NYM) EXP SEP 25442,118  
HENRY HB LD1 (IFE) EXP FEB 3034,004  
HENRY HB LD1 (IFE) EXP FEB 3116,877  
HENRY HB LD1 (IFE) EXP JAN 3033,144  
HENRY HB LD1 (IFE) EXP JAN 3116,877  
31

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
HENRY HB LD1 FUT (IFE) EXP APR 3034,004  
HENRY HB LD1 FUT (IFE) EXP APR 3116,877  
HENRY HB LD1 FUT (IFE) EXP AUG 3034,004  
HENRY HB LD1 FUT (IFE) EXP AUG 3116,877  
HENRY HB LD1 FUT (IFE) EXP DEC 3034,004  
HENRY HB LD1 FUT (IFE) EXP DEC 3116,877  
HENRY HB LD1 FUT (IFE) EXP JUN 3034,004  
HENRY HB LD1 FUT (IFE) EXP JUN 3116,877  
HENRY HB LD1 FUT (IFE) EXP MAR 3034,004  
HENRY HB LD1 FUT (IFE) EXP MAR 3116,877  
HENRY HB LD1 FUT (IFE) EXP MAY 3034,004  
HENRY HB LD1 FUT (IFE) EXP MAY 3116,877  
HENRY HB LD1 FUT (IFE) EXP NOV 3034,004  
HENRY HB LD1 FUT (IFE) EXP NOV 3116,877  
HENRY HB LD1 FUT (IFE) EXP OCT 3034,004  
HENRY HB LD1 FUT (IFE) EXP OCT 3116,877  
HENRY HB LD1 FUT (IFE) EXP SEP 3034,004  
HENRY HB LD1 FUT (IFE) EXP SEP 3116,877  
HENRY HUB LD1 FUT (IFE) EXP JUL 3034,004  
HENRY HUB LD1 FUT (IFE) EXP JUL 3116,877  
KC HRW WHEAT FUTURE (CBT) EXP MAR 25727,051  
LIVE CATTLE FUTURE (CME) EXP APR 25699,399  
LIVE CATTLE FUTURE (CME) EXP FEB 25153,282  
NATURAL GAS FUTURE (ICE) EXP MAR 25233,281  
NATURAL GAS FUTURE (NYM) EXP APR 2592,103  
NATURAL GAS FUTURE (NYM) EXP JUL 2570,442  
NATURAL GAS FUTURE (NYM) EXP MAR 25991,392  
NATURAL GAS FUTURE (NYM) EXP MAR 26339,939  
NATURAL GAS FUTURE (NYM) EXP OCT 25904,775  
NY HARB ULSD FUTURE (NYM) EXP FEB 2597,290  
NY HARB ULSD FUTURE (NYM) EXP JUN 25842,873  
NY HARB ULSD FUTURE (NYM) EXP MAR 25481,829  
SILVER FUTURE (CMX) EXP MAR 251,169,688  
SINGM92U VS BR1STL FUT (ISF) EXP FEB 255,451  
SINGM92U VS BR1STL FUT (ISF) EXP MAR 255,451  
SOYBEAN FUTURE (CBT) EXP MAR 251,061,046  
SOYBEAN FUTURE (CBT) EXP NOV 25102,527  
SOYBEAN MEAL FUTURE (CBT) EXP MAR 252,059,915  
SUGAR #11 WORLD FUTURE (NYB) EXP JUL 25156,808  
SUGAR #11 WORLD FUTURE (NYB) EXP MAY 2539,986  
TRS EL BCOMF1NTC INDEX P 0% 2025 FEB 187,186,207 2,062 
TRS EL JMABFNJ2 EQUITY P 0% 2026 JAN 301,833,114  
TRS EL SPGCESTR EQUITY P TBILDI3M 16 BPS 2025 FEB 1851,544,659 148,213 
TRS EL SPGCESTR EQUITY P TBILDI3M 17 BPS 2025 FEB 1815,722,515 43,583 
TRS EL SPGCESTR EQUITY P TBILL 17 BPS 2025 FEB 187,829,847 22,902 
TRS EL SPGCESTR INDEX P TBILDI3M +16BPS 2025 FEB 1844,063,954 127,125 
TTF NAT GAS F FUTURE (EDX) EXP APR 2628,784  
TTF NAT GAS F FUTURE (EDX) EXP FEB 2568,041  
TTF NAT GAS F FUTURE (EDX) EXP FEB 2691,052  
TTF NAT GAS F FUTURE (EDX) EXP JAN 26102,541  
TTF NAT GAS F FUTURE (EDX) EXP JUN 2627,714  
TTF NAT GAS F FUTURE (EDX) EXP MAR 2537,498  
TTF NAT GAS F FUTURE (EDX) EXP MAR 2697,602  
TTF NAT GAS F FUTURE (EDX) EXP MAY 2628,985  
US 2YR TREAS NTS FUTURE (CBT) EXP MAR 2553,253,087  
US 5YR TREAS NTS FUTURE (CBT) EXP MAR 253,508,088  
32

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
US 10YR TREAS NTS FUTURE (CBT) EXP MAR 2510,113,843  
VARS GOLDLNPM 0.06325225 JPM 2026 APR 107,078,000 263,772 
WTI CRUDE FUTURE (NYM) EXP AUG 251,389,820  
WTI CRUDE FUTURE (NYM) EXP DEC 26328,705  
WTI CRUDE FUTURE (NYM) EXP MAR 2571,251  
WTI CRUDE FUTURE (NYM) EXP OCT 25481,677  
ZINC FUTURE (LME) EXP MAR 25223,529  
Total Derivative Assets$704,183 
Total Investment Assets (at fair value)$12,558,191,807 
Separately Managed Accounts
Derivative Liabilities
ALUMINUM HG FUTURE (LME) EXP MAR 25702,628 $ 
BRENT CRUDE FUTURE (ICE) APR 25 CALL APR 25 090.000 ED 02252510  
BRENT CRUDE FUTURE (ICE) EXP AUG 25437,646  
BRENT CRUDE FUTURE (ICE) EXP DEC 27687,810  
BRENT CRUDE FUTURE (ICE) EXP MAY 251,773,144  
BRENT CRUDE FUTURE (ICE) EXP NOV 25648,639  
BRENT CRUDE FUTURE (ICE) MAR 25 CALL MAR 25 085.000 ED 01282510  
BRENT CRUDE OIL (ICE) EXP DEC 251,220,787  
BRENT CRUDE OIL (ICE) EXP FEB 26633,082  
BRENT CRUDE OIL (ICE) EXP JAN 261,716,984  
BRENT CRUDE OIL FUTURE (ICE) EXP APR 25593,928  
BRT/DUBAI 1ST LN FUTURE (ISF) EXP APR 25882  
BRT/DUBAI 1ST LN FUTURE (ISF) EXP JUN 25862  
BRT/DUBAI 1ST LN FUTURE (ISF) EXP MAR 251,284  
BRT/DUBAI 1ST LN FUTURE (ISF) EXP MAY 25401  
COFF ROBUSTA 10TN FUTURE (ICE) EXP MAR 25487,510  
COFF ROBUSTA 10TN FUTURE (ICE) EXP MAY 25192,204  
COM FWD EUROBOBCO 1Q25 8.35 2025 MAR 316,000 (1,654)
COM FWD EUROBOBCO 3Q25 11.35 2025 SEP 303,000  
COM FWD EUROBOBCO CAL25 2025 DEC 3112,000  
CORN FUTURE (CBT) EXP DEC 25155,320  
CORN FUTURE (CBT) EXP MAR 252,430,156  
COTTON NO 2 FUTURE (NYB) EXP JUL 25352,510  
COTTON NO 2 FUTURE (NYB) EXP MAR 25239,407  
COTTON NO 2 FUTURE (NYB) EXP MAY 25104,238  
CRUDE OIL FUTURE (NYM) EXP APR 25708,610  
CRUDE OIL FUTURE (NYM) EXP DEC 25477,337  
CRUDE OIL FUTURE (NYM) EXP DEC 27257,364  
CRUDE OIL FUTURE (NYM) EXP FEB 25143,442  
CRUDE OIL FUTURE (NYM) EXP JUN 251,964,788  
CRUDE OIL FUTURE (NYM) EXP MAY 25705,010  
CRUDE OIL FUTURE (NYM) EXP NOV 25685,010  
CRUDE OIL FUTURE OPT MAR 25 CALL FEB 24 078.000 ED 02142510  
GAS OIL FUTURE (ICE) EXP JUN 251,825,227  
GASOLINE RBOB FUTURE (NYM) EXP JUN 25557,480  
GASOLINE RBOB FUTURE (NYM) EXP OCT 25409,442  
GOLD 100 OZ FUTURE (CMX) APR 25 CALL FEB 25 2900.000 ED 02252510  
GOLD 100 OZ FUTURE (CMX) EXP APR 2530,392,514  
GOLD 100 OZ FUTURE (CMX) EXP FEB 253,433,313  
GOLD 100 OZ FUTURE (CMX) FEB 25 CALL JAN 25 2750.000 ED 01282510  
HENRY HB LD1 (IFE) EXP FEB 2617,722  
HENRY HB LD1 (IFE) EXP JAN 2617,722  
33

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
HENRY HB LD1 (IFE) EXP MAR 2617,722  
HENRY HB LD1 FUT (IFE) EXP APR 2617,722  
HENRY HB LD1 FUT (IFE) EXP DEC 2617,722  
HENRY HB LD1 FUT (IFE) EXP MAY 2617,722  
HENRY HB LD1 FUT (IFE) EXP NOV 2617,722  
HENRY HB LD1 FUT (IFE) EXP OCT 2617,722  
HENRY HUB LD1 FUT (IFE) EXP AUG 2617,722  
HENRY HUB LD1 FUT (IFE) EXP JUL 2617,722  
HENRY HUB LD1 FUT (IFE) EXP JUN 2617,722  
HENRY HUB LD1 FUT (IFE) EXP SEP 2617,722  
IRON ORE 62% (SGX) EXP MAR 2550,035  
KC HRW WHEAT FUTURE (CBT) EXP JUL 25432,015  
KC HRW WHEAT FUTURE (CBT) EXP MAY 2528,389  
LEAD FUTURE (LME) EXP MAR 25340,932  
LEAN HOGS FUTURE (CME) EXP APR 25588,727  
LEAN HOGS FUTURE (CME) EXP FEB 25162,605  
LOW SU GASOIL G FUTURE (ICE) EXP MAR 25481,607  
NATURAL GAS FUTURE (NYM) EXP FEB 251,562,233  
NATURAL GAS FUTURE (NYM) EXP JAN 261,583,074  
NATURAL GAS FUTURE (NYM) EXP MAY 25315,710  
NICKEL FUTURE (LME) EXP MAR 25826,389  
PALLADIUM FUTURE (NYM) EXP MAR 25181,962  
PLATINUM FUTURE (NYM) EXP APR 25227,630  
SNG KEROS V SNG GA EXP MAR 25802  
SNG KEROS VS SNG GASOIL (ISF) EXP APR 25431  
SNG KEROS VS SNG GASOIL (ISF) EXP JUN 25431  
SNG KEROS VS SNG GASOIL (ISF) EXP MAY 25431  
SNG KEROS VS SNG GASOIL EXP AUG 25702  
SNG KEROS VS SNG GASOIL EXP JUL 25702  
SNG KEROS VS SNG GASOIL EXP SEP 25702  
SOYBEAN FUTURE (CBT) EXP JUL 25362,170  
SOYBEAN FUTURE (CBT) EXP MAY 25102,227  
SOYBEAN MEAL FUTURE (CBT) EXP JUL 25327,610  
SOYBEAN MEAL FUTURE (CBT) EXP MAY 2596,813  
SOYBEAN OIL FUTURE (CBT) EXP JUL 25122,825  
SOYBEAN OIL FUTURE (CBT) EXP MAR 25242,170  
SOYBEAN OIL FUTURE (CBT) EXP MAY 2524,415  
SUGAR #11 (WORLD) FUTURE EXP MAR 25453,016  
TRS_FL BCOMF1NTC INDEX P 0% 2025 FEB 1856,439  
TRS_FL JMABFNJ2 EQUITY P 0% 2026 JAN 3017,294  
TRS_FL SPGCESTR EQUITY P TBILDI3M 16 BPS 2025 FEB 1883,777  
TRS_FL SPGCESTR EQUITY P TBILDI3M 17 BPS 2025 FEB 1824,670  
TRS_FL SPGCESTR EQUITY P TBILL 17 BPS 2025 FEB 1812,962  
TRS_FL SPGCESTR INDEX P TBILDI3M +16BPS 2025 FEB 1871,860  
TTF NAT GAS F FUTURE (EDX) EXP APR 2536,135  
TTF NAT GAS F FUTURE (EDX) EXP AUG 25147,137  
TTF NAT GAS F FUTURE (EDX) EXP JUL 25147,652  
TTF NAT GAS F FUTURE (EDX) EXP JUN 2535,880  
TTF NAT GAS F FUTURE (EDX) EXP MAY 2537,160  
TTF NAT GAS F FUTURE (EDX) EXP SEP 25142,618  
US 10YR TREAS NTS FUTURE (CBT) EXP MAR 257,395,068  
US 10YR ULTRA FUTURE (CBT) EXP MAR 251,558,389  
US TREAS BD FUTURE (CBT) EXP MAR 254,553,790  
US ULTRA BOND (CBT) EXP MAR 25356,722  
VARS GOLDLNPM 0.06325225 JPM 2026 APR 107,078,000  
WHEAT FUTURE (CBT) EXP JUL 25170,856  
34

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2024

Identity of issue, borrower, lessor, or similar party, including maturity date,
 rate of interest, collateral, par, or maturity value Shares / Par ValueCurrent Value
WHEAT FUTURE (CBT) EXP MAR 251,654,560  
WHEAT FUTURE (CBT) EXP MAY 2556,252  
WTI CRUDE FUTURE (ICE) EXP DEC 25340,955  
WTI CRUDE FUTURE (ICE) EXP JUN 25771,881  
WTI CRUDE FUTURE (ICE) EXP MAR 25926,263  
WTI CRUDE FUTURE (NYM) CALL JAN 25 084.000 ED 01152510  
WTI CRUDE FUTURE (NYM) EXP FEB 26338,005  
WTI CRUDE FUTURE (NYM) EXP JAN 26678,810  
Total Derivative Liabilities$(1,654)
Total Investment Liabilities (at fair value)$(1,654)
Total Investment Assets less Investment Liabilities$12,558,190,153 
*Notes Receivable from Participants with interest rates ranging from 4.25% to 9.50% with maturities up to 30 years$31,125,348 
Total Investments, net$12,589,315,501 
* Denotes party-in-interest
Note: Par value is reflected in the underlying currency of the security, where applicable.
35

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
December 31, 2024
Identity of issue, borrower, lessor, or similar party, including maturity date,Proceeds of
rate of interest, collateral, par or maturity valueShares / Par ValueDispositions
Securities Purchased Under Agreements to Resell
BARCLAYS CAPITAL REV REPO 5.300% 03/11/24 DD 03/08/2459,600,000 $59,600,000 
BARCLAYS CAPITAL REV REPO 5.310% 02/23/24 DD 02/22/24100,000 100,000 
BARCLAYS CAPITAL REV REPO 5.320% 01/23/24 DD 01/22/24100,000 100,000 
BARCLAYS CAPITAL REV REPO 5.320% 02/21/24 DD 02/20/24100,000 100,000 
BARCLAYS CAPITAL REV REPO 5.320% 04/19/24 DD 04/18/24100,000 100,000 
BARCLAYS CAPITAL REV REPO 5.330% 02/16/24 DD 02/15/24100,000 100,000 
BARCLAYS CAPITAL REV REPO 5.330% 04/22/24 DD 04/19/24100,000 100,000 
BARCLAYS CAPITAL REV REPO 5.340% 03/06/24 DD 03/05/2460,000,000 60,000,000 
BARCLAYS CAPITAL REV REPO 5.340% 05/21/24 DD 05/20/24100,000 100,000 
BARCLAYS CAPITAL REV REPO 5.350% 02/07/24 DD 02/06/2458,900,000 58,900,000 
BARCLAYS CAPITAL REV REPO 5.350% 04/25/24 DD 04/24/2454,400,000 54,400,000 
BARCLAYS CAPITAL REV REPO 5.350% 05/09/24 DD 05/08/24100,000 100,000 
BARCLAYS CAPITAL REV REPO 5.350% 05/14/24 DD 05/13/2450,800,000 50,800,000 
BARCLAYS CAPITAL REV REPO 5.360% 01/09/24 DD 01/08/2461,700,000 61,700,000 
BARCLAYS CAPITAL REV REPO 5.370% 04/08/24 DD 04/05/249,800,000 9,800,000 
BARCLAYS CAPITAL REV REPO 5.380% 01/26/24 DD 01/25/24100,000 100,000 
BARCLAYS CAPITAL REV REPO 5.390% 07/08/24 DD 07/05/24100,000 100,000 
BARCLAYS CAPITAL REV REPO 5.400% 06/05/24 DD 06/04/2451,000,000 51,000,000 
BARCLAYS CAPITAL REV REPO 5.420% 04/04/24 DD 04/03/24100,000 100,000 
BARCLAYS CAPITAL REV REPO 5.420% 07/11/24 DD 07/10/2456,200,000 56,200,000 
BARCLAYS CAPITAL REV REPO 5.430% 07/19/24 DD 07/18/24100,000 100,000 
BARCLAYS CAPITAL REV REPO 5.430% 08/14/24 DD 08/13/24100,000 100,000 
BARCLAYS CAPITAL REV REPO 5.450% 07/29/24 DD 07/26/24100,000 100,000 
BARCLAYS CAPITAL REV REPO 5.460% 01/05/24 DD 01/04/2460,200,000 60,200,000 
BNP PARIBAS REV REPO 4.260% 12/20/24 DD 12/19/2444,500,000 44,500,000 
BNP PARIBAS REV REPO 4.300% 12/23/24 DD 12/20/245,700,000 5,700,000 
BNP PARIBAS REV REPO 4.300% 12/24/24 DD 12/23/24100,000 100,000 
BNP PARIBAS REV REPO 4.340% 12/26/24 DD 12/24/2437,700,000 37,700,000 
BNP PARIBAS REV REPO 4.380% 12/24/24 DD 12/23/245,600,000 5,600,000 
BNP PARIBAS REV REPO 4.480% 12/31/24 DD 12/30/246,100,000 6,100,000 
BNP PARIBAS REV REPO 4.560% 11/20/24 DD 11/19/2439,400,000 39,400,000 
BNP PARIBAS REV REPO 4.560% 12/31/24 DD 12/30/2438,000,000 38,000,000 
BNP PARIBAS REV REPO 4.580% 11/27/24 DD 11/26/2444,100,000 44,100,000 
BNP PARIBAS REV REPO 4.600% 11/18/24 DD 11/15/2443,500,000 43,500,000 
BNP PARIBAS REV REPO 4.600% 11/19/24 DD 11/18/2443,500,000 43,500,000 
BNP PARIBAS REV REPO 4.600% 11/21/24 DD 11/20/2441,100,000 41,100,000 
BNP PARIBAS REV REPO 4.600% 11/29/24 DD 11/27/2444,300,000 44,300,000 
BNP PARIBAS REV REPO 4.600% 12/19/24 DD 12/18/2448,000,000 48,000,000 
BNP PARIBAS REV REPO 4.610% 12/30/24 DD 12/27/246,100,000 6,100,000 
BNP PARIBAS REV REPO 4.620% 11/13/24 DD 11/12/2446,200,000 46,200,000 
BNP PARIBAS REV REPO 4.620% 12/13/24 DD 12/12/245,400,000 5,400,000 
BNP PARIBAS REV REPO 4.630% 11/14/24 DD 11/13/2445,500,000 45,500,000 
BNP PARIBAS REV REPO 4.640% 11/12/24 DD 11/08/2446,900,000 46,900,000 
BNP PARIBAS REV REPO 4.640% 11/26/24 DD 11/25/2443,700,000 43,700,000 
BNP PARIBAS REV REPO 4.650% 12/05/24 DD 12/04/246,800,000 6,800,000 
BNP PARIBAS REV REPO 4.650% 12/09/24 DD 12/06/2425,200,000 25,200,000 
BNP PARIBAS REV REPO 4.650% 12/16/24 DD 12/13/247,000,000 7,000,000 
BNP PARIBAS REV REPO 4.710% 12/11/24 DD 12/10/2441,600,000 41,600,000 
BNP PARIBAS REV REPO 4.770% 11/07/24 DD 11/06/2446,600,000 46,600,000 
BNP PARIBAS REV REPO 4.800% 10/11/24 DD 10/10/245,500,000 5,500,000 
BNP PARIBAS REV REPO 4.800% 11/06/24 DD 11/05/2444,800,000 44,800,000 
BNP PARIBAS REV REPO 4.820% 10/29/24 DD 10/28/246,300,000 6,300,000 
BNP PARIBAS REV REPO 4.830% 10/15/24 DD 10/11/2448,900,000 48,900,000 
BNP PARIBAS REV REPO 4.830% 10/28/24 DD 10/25/2446,700,000 46,700,000 
BNP PARIBAS REV REPO 4.830% 10/31/24 DD 10/30/245,600,000 5,600,000 
36

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
December 31, 2024
Identity of issue, borrower, lessor, or similar party, including maturity date,Proceeds of
rate of interest, collateral, par or maturity valueShares / Par ValueDispositions
BNP PARIBAS REV REPO 4.840% 10/21/24 DD 10/18/2447,100,000 47,100,000 
BNP PARIBAS REV REPO 4.850% 11/05/24 DD 11/04/2444,800,000 44,800,000 
BNP PARIBAS REV REPO 4.850% 11/08/24 DD 11/07/2447,400,000 47,400,000 
BNP PARIBAS REV REPO 4.870% 10/04/24 DD 10/03/2447,700,000 47,700,000 
BNP PARIBAS REV REPO 4.870% 10/07/24 DD 10/04/246,300,000 6,300,000 
BNP PARIBAS REV REPO 4.870% 10/08/24 DD 10/07/2450,200,000 50,200,000 
BNP PARIBAS REV REPO 4.870% 10/16/24 DD 10/15/2451,000,000 51,000,000 
BNP PARIBAS REV REPO 4.870% 10/23/24 DD 10/22/2445,600,000 45,600,000 
BNP PARIBAS REV REPO 4.870% 10/24/24 DD 10/23/2445,800,000 45,800,000 
BNP PARIBAS REV REPO 4.880% 10/10/24 DD 10/09/2449,900,000 49,900,000 
BNP PARIBAS REV REPO 4.890% 09/26/24 DD 09/25/2448,300,000 48,300,000 
BNP PARIBAS REV REPO 4.890% 09/27/24 DD 09/26/2447,400,000 47,400,000 
BNP PARIBAS REV REPO 4.890% 11/01/24 DD 10/31/2442,900,000 42,900,000 
BNP PARIBAS REV REPO 4.900% 09/30/24 DD 09/27/2447,500,000 47,500,000 
BNP PARIBAS REV REPO 4.900% 11/04/24 DD 11/01/2444,800,000 44,800,000 
BNP PARIBAS REV REPO 4.910% 10/17/24 DD 10/16/2447,300,000 47,300,000 
BNP PARIBAS REV REPO 4.930% 10/18/24 DD 10/17/2450,200,000 50,200,000 
BNP PARIBAS REV REPO 5.270% 02/22/24 DD 02/21/2464,300,000 64,300,000 
BNP PARIBAS REV REPO 5.270% 02/23/24 DD 02/22/2460,900,000 60,900,000 
BNP PARIBAS REV REPO 5.270% 06/25/24 DD 06/24/242,900,000 2,900,000 
BNP PARIBAS REV REPO 5.280% 01/23/24 DD 01/22/2461,800,000 61,800,000 
BNP PARIBAS REV REPO 5.280% 02/21/24 DD 02/20/2464,800,000 64,800,000 
BNP PARIBAS REV REPO 5.280% 04/19/24 DD 04/18/2459,500,000 59,500,000 
BNP PARIBAS REV REPO 5.290% 01/22/24 DD 01/19/2462,000,000 62,000,000 
BNP PARIBAS REV REPO 5.290% 01/24/24 DD 01/23/2462,000,000 62,000,000 
BNP PARIBAS REV REPO 5.290% 02/16/24 DD 02/15/2461,000,000 61,000,000 
BNP PARIBAS REV REPO 5.290% 02/29/24 DD 02/28/2410,300,000 10,300,000 
BNP PARIBAS REV REPO 5.290% 03/20/24 DD 03/19/2410,900,000 10,900,000 
BNP PARIBAS REV REPO 5.290% 03/21/24 DD 03/20/2463,300,000 63,300,000 
BNP PARIBAS REV REPO 5.300% 01/25/24 DD 01/24/2461,700,000 61,700,000 
BNP PARIBAS REV REPO 5.300% 02/14/24 DD 02/13/2460,200,000 60,200,000 
BNP PARIBAS REV REPO 5.300% 02/26/24 DD 02/23/2461,000,000 61,000,000 
BNP PARIBAS REV REPO 5.300% 02/29/24 DD 02/28/2460,500,000 60,500,000 
BNP PARIBAS REV REPO 5.300% 03/06/24 DD 03/05/2410,300,000 10,300,000 
BNP PARIBAS REV REPO 5.300% 04/24/24 DD 04/23/2453,900,000 53,900,000 
BNP PARIBAS REV REPO 5.300% 05/16/24 DD 05/15/248,100,000 8,100,000 
BNP PARIBAS REV REPO 5.300% 05/20/24 DD 05/17/24100,000 100,000 
BNP PARIBAS REV REPO 5.300% 05/21/24 DD 05/20/2447,300,000 47,300,000 
BNP PARIBAS REV REPO 5.300% 05/22/24 DD 05/21/2451,900,000 51,900,000 
BNP PARIBAS REV REPO 5.300% 05/23/24 DD 05/22/24100,000 100,000 
BNP PARIBAS REV REPO 5.310% 01/10/24 DD 01/09/2461,400,000 61,400,000 
BNP PARIBAS REV REPO 5.310% 01/30/24 DD 01/29/2411,200,000 11,200,000 
BNP PARIBAS REV REPO 5.310% 01/31/24 DD 01/30/2464,700,000 64,700,000 
BNP PARIBAS REV REPO 5.310% 02/07/24 DD 02/06/2410,000,000 10,000,000 
BNP PARIBAS REV REPO 5.310% 02/08/24 DD 02/07/24100,000 100,000 
BNP PARIBAS REV REPO 5.310% 02/09/24 DD 02/08/2459,700,000 59,700,000 
BNP PARIBAS REV REPO 5.310% 03/05/24 DD 03/04/2461,100,000 61,100,000 
BNP PARIBAS REV REPO 5.310% 03/13/24 DD 03/12/2458,000,000 58,000,000 
BNP PARIBAS REV REPO 5.310% 03/14/24 DD 03/13/2466,800,000 66,800,000 
BNP PARIBAS REV REPO 5.310% 03/19/24 DD 03/18/2461,800,000 61,800,000 
BNP PARIBAS REV REPO 5.310% 03/25/24 DD 03/22/2458,300,000 58,300,000 
BNP PARIBAS REV REPO 5.310% 04/11/24 DD 04/10/2456,900,000 56,900,000 
BNP PARIBAS REV REPO 5.310% 04/15/24 DD 04/12/2456,800,000 56,800,000 
BNP PARIBAS REV REPO 5.310% 05/06/24 DD 05/03/248,300,000 8,300,000 
BNP PARIBAS REV REPO 5.310% 05/07/24 DD 05/06/2450,400,000 50,400,000 
BNP PARIBAS REV REPO 5.310% 05/08/24 DD 05/07/2450,000,000 50,000,000 
37

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
December 31, 2024
Identity of issue, borrower, lessor, or similar party, including maturity date,Proceeds of
rate of interest, collateral, par or maturity valueShares / Par ValueDispositions
BNP PARIBAS REV REPO 5.310% 05/13/24 DD 05/10/2450,900,000 50,900,000 
BNP PARIBAS REV REPO 5.310% 05/15/24 DD 05/14/2450,600,000 50,600,000 
BNP PARIBAS REV REPO 5.310% 05/17/24 DD 05/16/2450,800,000 50,800,000 
BNP PARIBAS REV REPO 5.310% 06/24/24 DD 06/21/249,300,000 9,300,000 
BNP PARIBAS REV REPO 5.320% 01/11/24 DD 01/10/24100,000 100,000 
BNP PARIBAS REV REPO 5.320% 01/12/24 DD 01/11/24100,000 100,000 
BNP PARIBAS REV REPO 5.320% 01/16/24 DD 01/12/2461,600,000 61,600,000 
BNP PARIBAS REV REPO 5.320% 01/19/24 DD 01/18/2461,800,000 61,800,000 
BNP PARIBAS REV REPO 5.320% 01/30/24 DD 01/29/2464,800,000 64,800,000 
BNP PARIBAS REV REPO 5.320% 02/12/24 DD 02/09/2459,200,000 59,200,000 
BNP PARIBAS REV REPO 5.320% 02/16/24 DD 02/15/249,700,000 9,700,000 
BNP PARIBAS REV REPO 5.320% 02/23/24 DD 02/22/2410,200,000 10,200,000 
BNP PARIBAS REV REPO 5.320% 02/28/24 DD 02/27/2460,300,000 60,300,000 
BNP PARIBAS REV REPO 5.320% 03/04/24 DD 03/01/24100,000 100,000 
BNP PARIBAS REV REPO 5.320% 03/18/24 DD 03/15/2467,100,000 67,100,000 
BNP PARIBAS REV REPO 5.320% 03/25/24 DD 03/22/249,600,000 9,600,000 
BNP PARIBAS REV REPO 5.320% 04/05/24 DD 04/04/249,100,000 9,100,000 
BNP PARIBAS REV REPO 5.320% 04/10/24 DD 04/09/2457,200,000 57,200,000 
BNP PARIBAS REV REPO 5.320% 05/06/24 DD 05/03/2450,000,000 50,000,000 
BNP PARIBAS REV REPO 5.320% 05/28/24 DD 05/24/2451,900,000 51,900,000 
BNP PARIBAS REV REPO 5.320% 06/14/24 DD 06/13/2459,100,000 59,100,000 
BNP PARIBAS REV REPO 5.320% 06/17/24 DD 06/14/249,400,000 9,400,000 
BNP PARIBAS REV REPO 5.320% 06/24/24 DD 06/21/2456,300,000 56,300,000 
BNP PARIBAS REV REPO 5.320% 06/25/24 DD 06/24/2457,000,000 57,000,000 
BNP PARIBAS REV REPO 5.320% 09/13/24 DD 09/12/2443,400,000 43,400,000 
BNP PARIBAS REV REPO 5.330% 01/08/24 DD 01/05/2462,900,000 62,900,000 
BNP PARIBAS REV REPO 5.330% 01/17/24 DD 01/16/2464,000,000 64,000,000 
BNP PARIBAS REV REPO 5.330% 01/18/24 DD 01/17/2411,400,000 11,400,000 
BNP PARIBAS REV REPO 5.330% 01/19/24 DD 01/18/2410,600,000 10,600,000 
BNP PARIBAS REV REPO 5.330% 01/23/24 DD 01/22/2410,600,000 10,600,000 
BNP PARIBAS REV REPO 5.330% 02/01/24 DD 01/31/2463,200,000 63,200,000 
BNP PARIBAS REV REPO 5.330% 03/08/24 DD 03/07/249,600,000 9,600,000 
BNP PARIBAS REV REPO 5.330% 03/21/24 DD 03/20/246,000,000 6,000,000 
BNP PARIBAS REV REPO 5.330% 03/26/24 DD 03/25/2458,400,000 58,400,000 
BNP PARIBAS REV REPO 5.330% 04/08/24 DD 04/05/2443,000,000 43,000,000 
BNP PARIBAS REV REPO 5.330% 04/09/24 DD 04/08/2457,200,000 57,200,000 
BNP PARIBAS REV REPO 5.330% 04/18/24 DD 04/17/249,100,000 9,100,000 
BNP PARIBAS REV REPO 5.330% 04/19/24 DD 04/18/242,900,000 2,900,000 
BNP PARIBAS REV REPO 5.330% 04/26/24 DD 04/25/2464,300,000 64,300,000 
BNP PARIBAS REV REPO 5.330% 05/01/24 DD 04/30/248,400,000 8,400,000 
BNP PARIBAS REV REPO 5.330% 05/03/24 DD 05/02/2452,400,000 52,400,000 
BNP PARIBAS REV REPO 5.330% 05/14/24 DD 05/13/247,900,000 7,900,000 
BNP PARIBAS REV REPO 5.330% 05/29/24 DD 05/28/2451,800,000 51,800,000 
BNP PARIBAS REV REPO 5.330% 06/21/24 DD 06/20/249,100,000 9,100,000 
BNP PARIBAS REV REPO 5.340% 01/18/24 DD 01/17/2462,300,000 62,300,000 
BNP PARIBAS REV REPO 5.340% 01/24/24 DD 01/23/2410,400,000 10,400,000 
BNP PARIBAS REV REPO 5.340% 01/26/24 DD 01/25/2461,400,000 61,400,000 
BNP PARIBAS REV REPO 5.340% 02/02/24 DD 02/01/2463,900,000 63,900,000 
BNP PARIBAS REV REPO 5.340% 02/06/24 DD 02/05/2457,100,000 57,100,000 
BNP PARIBAS REV REPO 5.340% 03/15/24 DD 03/14/2457,100,000 57,100,000 
BNP PARIBAS REV REPO 5.340% 03/22/24 DD 03/21/2437,500,000 37,500,000 
BNP PARIBAS REV REPO 5.340% 04/05/24 DD 04/04/2457,500,000 57,500,000 
BNP PARIBAS REV REPO 5.340% 04/11/24 DD 04/10/248,800,000 8,800,000 
BNP PARIBAS REV REPO 5.340% 04/12/24 DD 04/11/249,700,000 9,700,000 
BNP PARIBAS REV REPO 5.340% 04/16/24 DD 04/15/2464,300,000 64,300,000 
BNP PARIBAS REV REPO 5.340% 04/24/24 DD 04/23/249,800,000 9,800,000 
38

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
December 31, 2024
Identity of issue, borrower, lessor, or similar party, including maturity date,Proceeds of
rate of interest, collateral, par or maturity valueShares / Par ValueDispositions
BNP PARIBAS REV REPO 5.340% 04/29/24 DD 04/26/24100,000 100,000 
BNP PARIBAS REV REPO 5.340% 05/09/24 DD 05/08/248,300,000 8,300,000 
BNP PARIBAS REV REPO 5.340% 05/10/24 DD 05/09/248,600,000 8,600,000 
BNP PARIBAS REV REPO 5.340% 05/13/24 DD 05/10/248,200,000 8,200,000 
BNP PARIBAS REV REPO 5.340% 05/16/24 DD 05/15/2450,500,000 50,500,000 
BNP PARIBAS REV REPO 5.340% 05/20/24 DD 05/17/247,800,000 7,800,000 
BNP PARIBAS REV REPO 5.340% 05/21/24 DD 05/20/247,700,000 7,700,000 
BNP PARIBAS REV REPO 5.340% 05/23/24 DD 05/22/248,900,000 8,900,000 
BNP PARIBAS REV REPO 5.340% 05/29/24 DD 05/28/248,600,000 8,600,000 
BNP PARIBAS REV REPO 5.340% 06/06/24 DD 06/05/246,600,000 6,600,000 
BNP PARIBAS REV REPO 5.340% 06/11/24 DD 06/10/249,900,000 9,900,000 
BNP PARIBAS REV REPO 5.340% 06/18/24 DD 06/17/2454,000,000 54,000,000 
BNP PARIBAS REV REPO 5.340% 07/01/24 DD 06/28/2466,600,000 66,600,000 
BNP PARIBAS REV REPO 5.340% 07/09/24 DD 07/08/249,200,000 9,200,000 
BNP PARIBAS REV REPO 5.340% 08/19/24 DD 08/16/2453,600,000 53,600,000 
BNP PARIBAS REV REPO 5.350% 02/02/24 DD 02/01/249,100,000 9,100,000 
BNP PARIBAS REV REPO 5.350% 02/05/24 DD 02/02/24100,000 100,000 
BNP PARIBAS REV REPO 5.350% 02/13/24 DD 02/12/2410,400,000 10,400,000 
BNP PARIBAS REV REPO 5.350% 03/12/24 DD 03/11/249,400,000 9,400,000 
BNP PARIBAS REV REPO 5.350% 03/14/24 DD 03/13/24100,000 100,000 
BNP PARIBAS REV REPO 5.350% 03/27/24 DD 03/26/2458,100,000 58,100,000 
BNP PARIBAS REV REPO 5.350% 04/30/24 DD 04/29/2455,000,000 55,000,000 
BNP PARIBAS REV REPO 5.350% 05/02/24 DD 05/01/2453,500,000 53,500,000 
BNP PARIBAS REV REPO 5.350% 05/08/24 DD 05/07/248,300,000 8,300,000 
BNP PARIBAS REV REPO 5.350% 05/10/24 DD 05/09/2450,700,000 50,700,000 
BNP PARIBAS REV REPO 5.350% 05/15/24 DD 05/14/24100,000 100,000 
BNP PARIBAS REV REPO 5.350% 05/30/24 DD 05/29/2451,800,000 51,800,000 
BNP PARIBAS REV REPO 5.350% 06/11/24 DD 06/10/2446,700,000 46,700,000 
BNP PARIBAS REV REPO 5.350% 06/21/24 DD 06/20/24100,000 100,000 
BNP PARIBAS REV REPO 5.350% 06/26/24 DD 06/25/2457,400,000 57,400,000 
BNP PARIBAS REV REPO 5.350% 07/08/24 DD 07/05/2455,800,000 55,800,000 
BNP PARIBAS REV REPO 5.350% 07/09/24 DD 07/08/2456,300,000 56,300,000 
BNP PARIBAS REV REPO 5.360% 01/09/24 DD 01/08/2410,500,000 10,500,000 
BNP PARIBAS REV REPO 5.360% 01/10/24 DD 01/09/249,200,000 9,200,000 
BNP PARIBAS REV REPO 5.360% 01/11/24 DD 01/10/2410,100,000 10,100,000 
BNP PARIBAS REV REPO 5.360% 01/16/24 DD 01/12/2410,600,000 10,600,000 
BNP PARIBAS REV REPO 5.360% 02/06/24 DD 02/05/2411,500,000 11,500,000 
BNP PARIBAS REV REPO 5.360% 02/27/24 DD 02/26/249,400,000 9,400,000 
BNP PARIBAS REV REPO 5.360% 03/01/24 DD 02/29/2461,500,000 61,500,000 
BNP PARIBAS REV REPO 5.360% 04/09/24 DD 04/08/249,500,000 9,500,000 
BNP PARIBAS REV REPO 5.360% 05/03/24 DD 05/02/245,300,000 5,300,000 
BNP PARIBAS REV REPO 5.360% 06/06/24 DD 06/05/2449,000,000 49,000,000 
BNP PARIBAS REV REPO 5.360% 06/10/24 DD 06/07/2447,600,000 47,600,000 
BNP PARIBAS REV REPO 5.360% 07/05/24 DD 07/03/249,400,000 9,400,000 
BNP PARIBAS REV REPO 5.360% 07/10/24 DD 07/09/2456,100,000 56,100,000 
BNP PARIBAS REV REPO 5.360% 07/15/24 DD 07/12/2456,500,000 56,500,000 
BNP PARIBAS REV REPO 5.360% 07/22/24 DD 07/19/2454,500,000 54,500,000 
BNP PARIBAS REV REPO 5.360% 07/23/24 DD 07/22/2454,500,000 54,500,000 
BNP PARIBAS REV REPO 5.360% 07/24/24 DD 07/23/2451,500,000 51,500,000 
BNP PARIBAS REV REPO 5.370% 01/29/24 DD 01/26/2410,700,000 10,700,000 
BNP PARIBAS REV REPO 5.370% 03/04/24 DD 03/01/2410,200,000 10,200,000 
BNP PARIBAS REV REPO 5.370% 03/26/24 DD 03/25/249,400,000 9,400,000 
BNP PARIBAS REV REPO 5.370% 03/28/24 DD 03/27/2458,000,000 58,000,000 
BNP PARIBAS REV REPO 5.370% 05/29/24 DD 05/28/24100,000 100,000 
BNP PARIBAS REV REPO 5.370% 06/13/24 DD 06/12/248,400,000 8,400,000 
BNP PARIBAS REV REPO 5.370% 07/10/24 DD 07/09/249,200,000 9,200,000 
39

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
December 31, 2024
Identity of issue, borrower, lessor, or similar party, including maturity date,Proceeds of
rate of interest, collateral, par or maturity valueShares / Par ValueDispositions
BNP PARIBAS REV REPO 5.370% 07/25/24 DD 07/24/2451,000,000 51,000,000 
BNP PARIBAS REV REPO 5.370% 07/30/24 DD 07/29/247,100,000 7,100,000 
BNP PARIBAS REV REPO 5.370% 07/31/24 DD 07/30/246,600,000 6,600,000 
BNP PARIBAS REV REPO 5.370% 09/06/24 DD 09/05/2447,100,000 47,100,000 
BNP PARIBAS REV REPO 5.380% 02/01/24 DD 01/31/2410,600,000 10,600,000 
BNP PARIBAS REV REPO 5.380% 04/01/24 DD 03/28/2456,800,000 56,800,000 
BNP PARIBAS REV REPO 5.380% 04/04/24 DD 04/03/2456,400,000 56,400,000 
BNP PARIBAS REV REPO 5.380% 07/08/24 DD 07/05/249,000,000 9,000,000 
BNP PARIBAS REV REPO 5.380% 07/30/24 DD 07/29/2450,100,000 50,100,000 
BNP PARIBAS REV REPO 5.380% 08/30/24 DD 08/29/2451,800,000 51,800,000 
BNP PARIBAS REV REPO 5.380% 09/11/24 DD 09/10/2445,100,000 45,100,000 
BNP PARIBAS REV REPO 5.380% 09/16/24 DD 09/13/2443,900,000 43,900,000 
BNP PARIBAS REV REPO 5.390% 01/05/24 DD 01/04/2411,800,000 11,800,000 
BNP PARIBAS REV REPO 5.390% 04/04/24 DD 04/03/249,100,000 9,100,000 
BNP PARIBAS REV REPO 5.390% 05/30/24 DD 05/29/248,300,000 8,300,000 
BNP PARIBAS REV REPO 5.390% 06/03/24 DD 05/31/2453,200,000 53,200,000 
BNP PARIBAS REV REPO 5.390% 06/04/24 DD 06/03/247,700,000 7,700,000 
BNP PARIBAS REV REPO 5.390% 06/10/24 DD 06/07/246,800,000 6,800,000 
BNP PARIBAS REV REPO 5.390% 06/12/24 DD 06/11/248,000,000 8,000,000 
BNP PARIBAS REV REPO 5.390% 07/16/24 DD 07/15/2455,400,000 55,400,000 
BNP PARIBAS REV REPO 5.390% 07/19/24 DD 07/18/2453,000,000 53,000,000 
BNP PARIBAS REV REPO 5.390% 08/15/24 DD 08/14/2453,200,000 53,200,000 
BNP PARIBAS REV REPO 5.400% 03/27/24 DD 03/26/249,400,000 9,400,000 
BNP PARIBAS REV REPO 5.400% 06/06/24 DD 06/05/24100,000 100,000 
BNP PARIBAS REV REPO 5.400% 06/10/24 DD 06/07/24100,000 100,000 
BNP PARIBAS REV REPO 5.400% 06/18/24 DD 06/17/248,700,000 8,700,000 
BNP PARIBAS REV REPO 5.400% 06/20/24 DD 06/18/249,800,000 9,800,000 
BNP PARIBAS REV REPO 5.400% 06/27/24 DD 06/26/2457,400,000 57,400,000 
BNP PARIBAS REV REPO 5.400% 07/18/24 DD 07/17/2455,000,000 55,000,000 
BNP PARIBAS REV REPO 5.400% 07/23/24 DD 07/22/246,900,000 6,900,000 
BNP PARIBAS REV REPO 5.400% 08/05/24 DD 08/02/242,400,000 2,400,000 
BNP PARIBAS REV REPO 5.400% 08/08/24 DD 08/07/2451,300,000 51,300,000 
BNP PARIBAS REV REPO 5.400% 08/26/24 DD 08/23/2450,700,000 50,700,000 
BNP PARIBAS REV REPO 5.410% 03/28/24 DD 03/27/24100,000 100,000 
BNP PARIBAS REV REPO 5.410% 05/31/24 DD 05/30/248,800,000 8,800,000 
BNP PARIBAS REV REPO 5.410% 06/28/24 DD 06/27/2456,700,000 56,700,000 
BNP PARIBAS REV REPO 5.410% 07/11/24 DD 07/10/248,100,000 8,100,000 
BNP PARIBAS REV REPO 5.410% 07/12/24 DD 07/11/248,900,000 8,900,000 
BNP PARIBAS REV REPO 5.410% 08/16/24 DD 08/15/2453,000,000 53,000,000 
BNP PARIBAS REV REPO 5.410% 08/27/24 DD 08/26/243,200,000 3,200,000 
BNP PARIBAS REV REPO 5.410% 09/05/24 DD 09/04/2448,200,000 48,200,000 
BNP PARIBAS REV REPO 5.420% 06/28/24 DD 06/27/2410,100,000 10,100,000 
BNP PARIBAS REV REPO 5.420% 08/02/24 DD 08/01/248,400,000 8,400,000 
BNP PARIBAS REV REPO 5.420% 08/13/24 DD 08/12/247,200,000 7,200,000 
BNP PARIBAS REV REPO 5.420% 09/18/24 DD 09/17/2445,900,000 45,900,000 
BNP PARIBAS REV REPO 5.430% 03/28/24 DD 03/27/248,800,000 8,800,000 
BNP PARIBAS REV REPO 5.430% 04/01/24 DD 03/28/249,300,000 9,300,000 
BNP PARIBAS REV REPO 5.440% 06/03/24 DD 05/31/24100,000 100,000 
BNP PARIBAS REV REPO 5.440% 06/27/24 DD 06/26/249,500,000 9,500,000 
BNP PARIBAS REV REPO 5.440% 07/16/24 DD 07/15/249,400,000 9,400,000 
BNP PARIBAS REV REPO 5.440% 07/17/24 DD 07/16/249,200,000 9,200,000 
BNP PARIBAS REV REPO 5.440% 07/18/24 DD 07/17/246,800,000 6,800,000 
BNP PARIBAS REV REPO 5.450% 07/02/24 DD 07/01/2410,000,000 10,000,000 
BNP PARIBAS REV REPO 5.450% 07/26/24 DD 07/25/247,700,000 7,700,000 
BNP PARIBAS REV REPO 5.450% 08/28/24 DD 08/27/2411,400,000 11,400,000 
BNP PARIBAS REV REPO 5.450% 08/29/24 DD 08/28/2453,300,000 53,300,000 
40

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
December 31, 2024
Identity of issue, borrower, lessor, or similar party, including maturity date,Proceeds of
rate of interest, collateral, par or maturity valueShares / Par ValueDispositions
BNP PARIBAS REV REPO 5.460% 04/02/24 DD 04/01/249,000,000 9,000,000 
BNP PARIBAS REV REPO 5.460% 07/29/24 DD 07/26/248,800,000 8,800,000 
BNP PARIBAS REV REPO 5.460% 08/28/24 DD 08/27/2440,700,000 40,700,000 
BNP PARIBAS REV REPO 5.480% 01/03/24 DD 01/02/249,000,000 9,000,000 
CITIGROUP GLOBAL REV REPO 4.960% 11/01/24 DD 10/31/241,100,000 1,100,000 
CITIGROUP GLOBAL REV REPO 5.320% 06/25/24 DD 06/24/243,000,000 3,000,000 
CITIGROUP GLOBAL REV REPO 5.320% 07/08/24 DD 07/05/243,100,000 3,100,000 
CITIGROUP GLOBAL REV REPO 5.330% 07/23/24 DD 07/22/243,100,000 3,100,000 
CITIGROUP GLOBAL REV REPO 5.340% 06/28/24 DD 06/27/243,900,000 3,900,000 
CITIGROUP GLOBAL REV REPO 5.340% 07/12/24 DD 07/11/243,100,000 3,100,000 
CITIGROUP GLOBAL REV REPO 5.350% 06/21/24 DD 06/20/242,300,000 2,300,000 
CITIGROUP GLOBAL REV REPO 5.350% 07/09/24 DD 07/08/243,000,000 3,000,000 
CITIGROUP GLOBAL REV REPO 5.360% 07/11/24 DD 07/10/243,200,000 3,200,000 
CITIGROUP GLOBAL REV REPO 5.370% 09/16/24 DD 09/13/244,400,000 4,400,000 
CITIGROUP GLOBAL REV REPO 5.380% 06/26/24 DD 06/25/243,700,000 3,700,000 
CITIGROUP GLOBAL REV REPO 5.380% 07/15/24 DD 07/12/242,800,000 2,800,000 
CITIGROUP GLOBAL REV REPO 5.380% 07/30/24 DD 07/29/243,100,000 3,100,000 
CITIGROUP GLOBAL REV REPO 5.390% 07/16/24 DD 07/15/242,800,000 2,800,000 
CITIGROUP GLOBAL REV REPO 5.390% 08/14/24 DD 08/13/242,900,000 2,900,000 
CITIGROUP GLOBAL REV REPO 5.400% 07/01/24 DD 06/28/244,000,000 4,000,000 
CITIGROUP GLOBAL REV REPO 5.400% 07/24/24 DD 07/23/243,200,000 3,200,000 
CITIGROUP GLOBAL REV REPO 5.410% 07/05/24 DD 07/03/243,200,000 3,200,000 
CITIGROUP GLOBAL REV REPO 5.410% 07/17/24 DD 07/16/242,800,000 2,800,000 
CITIGROUP GLOBAL REV REPO 5.420% 07/02/24 DD 07/01/243,100,000 3,100,000 
CITIGROUP GLOBAL REV REPO 5.420% 07/26/24 DD 07/25/243,600,000 3,600,000 
CITIGROUP GLOBAL REV REPO 5.450% 08/01/24 DD 07/31/243,200,000 3,200,000 
CITIGROUP GLOBAL REV REPO 5.460% 08/02/24 DD 08/01/243,300,000 3,300,000 
DEUTSCHE BK FINL REV REPO 5.310% 03/21/24 DD 03/20/241,600,000 1,600,000 
DEUTSCHE BK FINL REV REPO 5.330% 06/24/24 DD 06/21/243,100,000 3,100,000 
DEUTSCHE BK FINL REV REPO 5.350% 08/19/24 DD 08/16/243,100,000 3,100,000 
DEUTSCHE BK FINL REV REPO 5.360% 07/19/24 DD 07/18/243,500,000 3,500,000 
DEUTSCHE BK FINL REV REPO 5.360% 08/15/24 DD 08/14/242,900,000 2,900,000 
DEUTSCHE BK FINL REV REPO 5.370% 07/22/24 DD 07/19/243,300,000 3,300,000 
DEUTSCHE BK FINL REV REPO 5.370% 08/16/24 DD 08/15/243,000,000 3,000,000 
DEUTSCHE BK FINL REV REPO 5.380% 07/10/24 DD 07/09/243,100,000 3,100,000 
DEUTSCHE BK FINL REV REPO 5.390% 07/25/24 DD 07/24/243,200,000 3,200,000 
DEUTSCHE BK FINL REV REPO 5.400% 06/27/24 DD 06/26/243,700,000 3,700,000 
DEUTSCHE BK FINL REV REPO 5.400% 07/18/24 DD 07/17/243,000,000 3,000,000 
DEUTSCHE BK FINL REV REPO 5.420% 07/03/24 DD 07/02/243,100,000 3,100,000 
DEUTSCHE BK FINL REV REPO 5.420% 07/29/24 DD 07/26/243,600,000 3,600,000 
J P MORGAN CHASE REV REPO 4.330% 12/23/24 DD 12/20/2438,300,000 38,300,000 
J P MORGAN CHASE REV REPO 4.380% 12/26/24 DD 12/24/24100,000 100,000 
J P MORGAN CHASE REV REPO 4.600% 11/22/24 DD 11/21/2443,400,000 43,400,000 
J P MORGAN CHASE REV REPO 4.620% 12/31/24 DD 12/30/24100,000 100,000 
J P MORGAN CHASE REV REPO 4.640% 12/16/24 DD 12/13/2425,000,000 25,000,000 
J P MORGAN CHASE REV REPO 4.660% 12/05/24 DD 12/04/2435,500,000 35,500,000 
J P MORGAN CHASE REV REPO 4.660% 12/13/24 DD 12/12/2436,400,000 36,400,000 
J P MORGAN CHASE REV REPO 4.670% 12/10/24 DD 12/09/2442,000,000 42,000,000 
J P MORGAN CHASE REV REPO 4.670% 12/30/24 DD 12/27/2438,200,000 38,200,000 
J P MORGAN CHASE REV REPO 4.690% 12/17/24 DD 12/16/2438,100,000 38,100,000 
J P MORGAN CHASE REV REPO 4.850% 09/24/24 DD 09/23/2449,100,000 49,100,000 
J P MORGAN CHASE REV REPO 4.860% 10/31/24 DD 10/30/2438,100,000 38,100,000 
J P MORGAN CHASE REV REPO 4.880% 10/30/24 DD 10/29/2440,800,000 40,800,000 
J P MORGAN CHASE REV REPO 4.890% 10/07/24 DD 10/04/2441,200,000 41,200,000 
J P MORGAN CHASE REV REPO 4.890% 10/09/24 DD 10/08/2434,500,000 34,500,000 
J P MORGAN CHASE REV REPO 4.900% 09/25/24 DD 09/24/2448,700,000 48,700,000 
41

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
December 31, 2024
Identity of issue, borrower, lessor, or similar party, including maturity date,Proceeds of
rate of interest, collateral, par or maturity valueShares / Par ValueDispositions
J P MORGAN CHASE REV REPO 4.900% 10/29/24 DD 10/28/2440,500,000 40,500,000 
J P MORGAN CHASE REV REPO 5.120% 10/02/24 DD 10/01/2446,700,000 46,700,000 
J P MORGAN CHASE REV REPO 5.320% 02/15/24 DD 02/14/2410,400,000 10,400,000 
J P MORGAN CHASE REV REPO 5.320% 02/20/24 DD 02/16/2410,400,000 10,400,000 
J P MORGAN CHASE REV REPO 5.320% 03/01/24 DD 02/29/2410,000,000 10,000,000 
J P MORGAN CHASE REV REPO 5.320% 08/23/24 DD 08/22/2450,000,000 50,000,000 
J P MORGAN CHASE REV REPO 5.320% 09/03/24 DD 08/30/2451,600,000 51,600,000 
J P MORGAN CHASE REV REPO 5.330% 02/15/24 DD 02/14/2460,500,000 60,500,000 
J P MORGAN CHASE REV REPO 5.330% 03/20/24 DD 03/19/2462,900,000 62,900,000 
J P MORGAN CHASE REV REPO 5.330% 09/12/24 DD 09/11/2443,200,000 43,200,000 
J P MORGAN CHASE REV REPO 5.330% 09/19/24 DD 09/18/246,200,000 6,200,000 
J P MORGAN CHASE REV REPO 5.340% 01/08/24 DD 01/05/2410,200,000 10,200,000 
J P MORGAN CHASE REV REPO 5.340% 02/08/24 DD 02/07/2410,000,000 10,000,000 
J P MORGAN CHASE REV REPO 5.340% 02/14/24 DD 02/13/2410,500,000 10,500,000 
J P MORGAN CHASE REV REPO 5.340% 02/20/24 DD 02/16/2460,700,000 60,700,000 
J P MORGAN CHASE REV REPO 5.340% 03/05/24 DD 03/04/249,200,000 9,200,000 
J P MORGAN CHASE REV REPO 5.340% 03/22/24 DD 03/21/2430,700,000 30,700,000 
J P MORGAN CHASE REV REPO 5.340% 05/16/24 DD 05/15/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.340% 05/24/24 DD 05/23/2460,300,000 60,300,000 
J P MORGAN CHASE REV REPO 5.350% 01/31/24 DD 01/30/2410,300,000 10,300,000 
J P MORGAN CHASE REV REPO 5.350% 02/08/24 DD 02/07/2458,800,000 58,800,000 
J P MORGAN CHASE REV REPO 5.350% 02/09/24 DD 02/08/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.350% 02/12/24 DD 02/09/249,600,000 9,600,000 
J P MORGAN CHASE REV REPO 5.350% 02/13/24 DD 02/12/2460,300,000 60,300,000 
J P MORGAN CHASE REV REPO 5.350% 02/28/24 DD 02/27/2410,000,000 10,000,000 
J P MORGAN CHASE REV REPO 5.350% 03/12/24 DD 03/11/2458,400,000 58,400,000 
J P MORGAN CHASE REV REPO 5.350% 03/13/24 DD 03/12/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.350% 03/25/24 DD 03/22/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.350% 04/12/24 DD 04/11/2456,400,000 56,400,000 
J P MORGAN CHASE REV REPO 5.350% 04/18/24 DD 04/17/2460,400,000 60,400,000 
J P MORGAN CHASE REV REPO 5.350% 04/25/24 DD 04/24/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.350% 05/09/24 DD 05/08/2450,300,000 50,300,000 
J P MORGAN CHASE REV REPO 5.350% 05/10/24 DD 05/09/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.350% 05/17/24 DD 05/16/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.350% 06/25/24 DD 06/24/246,000,000 6,000,000 
J P MORGAN CHASE REV REPO 5.360% 01/11/24 DD 01/10/2460,300,000 60,300,000 
J P MORGAN CHASE REV REPO 5.360% 01/12/24 DD 01/11/249,600,000 9,600,000 
J P MORGAN CHASE REV REPO 5.360% 02/27/24 DD 02/26/2461,000,000 61,000,000 
J P MORGAN CHASE REV REPO 5.360% 03/04/24 DD 03/01/2461,000,000 61,000,000 
J P MORGAN CHASE REV REPO 5.360% 03/18/24 DD 03/15/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.360% 06/17/24 DD 06/14/2453,700,000 53,700,000 
J P MORGAN CHASE REV REPO 5.360% 06/24/24 DD 06/21/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.360% 06/25/24 DD 06/24/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.370% 02/01/24 DD 01/31/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.370% 04/08/24 DD 04/05/244,000,000 4,000,000 
J P MORGAN CHASE REV REPO 5.370% 08/20/24 DD 08/19/2447,900,000 47,900,000 
J P MORGAN CHASE REV REPO 5.370% 08/27/24 DD 08/26/2447,200,000 47,200,000 
J P MORGAN CHASE REV REPO 5.380% 01/18/24 DD 01/17/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.380% 01/26/24 DD 01/25/2411,800,000 11,800,000 
J P MORGAN CHASE REV REPO 5.380% 01/29/24 DD 01/26/2463,500,000 63,500,000 
J P MORGAN CHASE REV REPO 5.380% 04/29/24 DD 04/26/2454,800,000 54,800,000 
J P MORGAN CHASE REV REPO 5.380% 06/18/24 DD 06/17/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.380% 08/21/24 DD 08/20/2447,800,000 47,800,000 
J P MORGAN CHASE REV REPO 5.390% 02/05/24 DD 02/02/2469,900,000 69,900,000 
J P MORGAN CHASE REV REPO 5.390% 06/04/24 DD 06/03/2451,900,000 51,900,000 
J P MORGAN CHASE REV REPO 5.390% 06/05/24 DD 06/04/245,700,000 5,700,000 
42

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
December 31, 2024
Identity of issue, borrower, lessor, or similar party, including maturity date,Proceeds of
rate of interest, collateral, par or maturity valueShares / Par ValueDispositions
J P MORGAN CHASE REV REPO 5.390% 07/22/24 DD 07/19/248,900,000 8,900,000 
J P MORGAN CHASE REV REPO 5.400% 06/05/24 DD 06/04/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.400% 06/07/24 DD 06/06/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.400% 07/19/24 DD 07/18/248,900,000 8,900,000 
J P MORGAN CHASE REV REPO 5.400% 07/22/24 DD 07/19/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.400% 07/23/24 DD 07/22/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.400% 09/09/24 DD 09/06/2447,000,000 47,000,000 
J P MORGAN CHASE REV REPO 5.410% 05/01/24 DD 04/30/2454,000,000 54,000,000 
J P MORGAN CHASE REV REPO 5.410% 05/31/24 DD 05/30/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.410% 06/20/24 DD 06/18/2453,700,000 53,700,000 
J P MORGAN CHASE REV REPO 5.410% 06/26/24 DD 06/25/249,900,000 9,900,000 
J P MORGAN CHASE REV REPO 5.410% 07/12/24 DD 07/11/2455,400,000 55,400,000 
J P MORGAN CHASE REV REPO 5.410% 07/15/24 DD 07/12/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.410% 07/25/24 DD 07/24/247,000,000 7,000,000 
J P MORGAN CHASE REV REPO 5.410% 08/13/24 DD 08/12/2444,900,000 44,900,000 
J P MORGAN CHASE REV REPO 5.410% 09/19/24 DD 09/18/2435,900,000 35,900,000 
J P MORGAN CHASE REV REPO 5.420% 07/11/24 DD 07/10/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.420% 09/04/24 DD 09/03/2451,500,000 51,500,000 
J P MORGAN CHASE REV REPO 5.430% 07/05/24 DD 07/03/2456,000,000 56,000,000 
J P MORGAN CHASE REV REPO 5.430% 07/16/24 DD 07/15/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.430% 07/26/24 DD 07/25/2449,900,000 49,900,000 
J P MORGAN CHASE REV REPO 5.430% 09/17/24 DD 09/16/2445,500,000 45,500,000 
J P MORGAN CHASE REV REPO 5.440% 07/02/24 DD 07/01/2457,300,000 57,300,000 
J P MORGAN CHASE REV REPO 5.440% 07/17/24 DD 07/16/2455,600,000 55,600,000 
J P MORGAN CHASE REV REPO 5.440% 07/18/24 DD 07/17/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.450% 04/03/24 DD 04/02/2457,200,000 57,200,000 
J P MORGAN CHASE REV REPO 5.450% 07/29/24 DD 07/26/2449,100,000 49,100,000 
J P MORGAN CHASE REV REPO 5.460% 07/03/24 DD 07/02/2457,400,000 57,400,000 
J P MORGAN CHASE REV REPO 5.460% 08/02/24 DD 08/01/2444,900,000 44,900,000 
J P MORGAN CHASE REV REPO 5.470% 01/04/24 DD 01/03/248,800,000 8,800,000 
J P MORGAN CHASE REV REPO 5.470% 01/05/24 DD 01/04/24100,000 100,000 
J P MORGAN CHASE REV REPO 5.490% 01/04/24 DD 01/03/2463,400,000 63,400,000 
MERRILL LYNCH REV REPO 4.350% 12/24/24 DD 12/23/2437,800,000 37,800,000 
MERRILL LYNCH REV REPO 4.520% 12/26/24 DD 12/24/246,100,000 6,100,000 
MERRILL LYNCH REV REPO 4.530% 12/27/24 DD 12/26/2437,900,000 37,900,000 
MERRILL LYNCH REV REPO 4.580% 11/15/24 DD 11/14/2443,300,000 43,300,000 
MERRILL LYNCH REV REPO 4.580% 11/25/24 DD 11/22/2443,100,000 43,100,000 
MERRILL LYNCH REV REPO 4.590% 12/06/24 DD 12/05/2442,200,000 42,200,000 
MERRILL LYNCH REV REPO 4.610% 12/02/24 DD 11/29/2444,200,000 44,200,000 
MERRILL LYNCH REV REPO 4.630% 12/09/24 DD 12/06/2417,400,000 17,400,000 
MERRILL LYNCH REV REPO 4.640% 12/12/24 DD 12/11/2442,100,000 42,100,000 
MERRILL LYNCH REV REPO 4.640% 12/16/24 DD 12/13/2412,000,000 12,000,000 
MERRILL LYNCH REV REPO 4.650% 12/18/24 DD 12/17/247,100,000 7,100,000 
MERRILL LYNCH REV REPO 4.660% 12/04/24 DD 12/03/2442,600,000 42,600,000 
MERRILL LYNCH REV REPO 4.660% 12/17/24 DD 12/16/246,300,000 6,300,000 
MERRILL LYNCH REV REPO 4.670% 12/03/24 DD 12/02/2443,400,000 43,400,000 
MERRILL LYNCH REV REPO 4.680% 12/18/24 DD 12/17/2438,300,000 38,300,000 
MERRILL LYNCH REV REPO 4.690% 12/27/24 DD 12/26/245,800,000 5,800,000 
MERRILL LYNCH REV REPO 4.810% 09/20/24 DD 09/19/2442,800,000 42,800,000 
MERRILL LYNCH REV REPO 4.810% 10/30/24 DD 10/29/242,800,000 2,800,000 
MERRILL LYNCH REV REPO 4.820% 10/11/24 DD 10/10/2443,900,000 43,900,000 
MERRILL LYNCH REV REPO 4.830% 10/22/24 DD 10/21/2445,700,000 45,700,000 
MERRILL LYNCH REV REPO 4.840% 09/23/24 DD 09/20/2445,800,000 45,800,000 
MERRILL LYNCH REV REPO 4.850% 10/25/24 DD 10/24/2447,200,000 47,200,000 
MERRILL LYNCH REV REPO 4.860% 10/09/24 DD 10/08/2415,700,000 15,700,000 
MERRILL LYNCH REV REPO 4.940% 10/03/24 DD 10/02/2445,800,000 45,800,000 
43

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
December 31, 2024
Identity of issue, borrower, lessor, or similar party, including maturity date,Proceeds of
rate of interest, collateral, par or maturity valueShares / Par ValueDispositions
MERRILL LYNCH REV REPO 4.950% 10/01/24 DD 09/30/2446,800,000 46,800,000 
MERRILL LYNCH REV REPO 5.290% 03/07/24 DD 03/06/249,100,000 9,100,000 
MERRILL LYNCH REV REPO 5.300% 04/22/24 DD 04/19/248,800,000 8,800,000 
MERRILL LYNCH REV REPO 5.300% 04/23/24 DD 04/22/248,700,000 8,700,000 
MERRILL LYNCH REV REPO 5.300% 05/15/24 DD 05/14/248,400,000 8,400,000 
MERRILL LYNCH REV REPO 5.300% 08/22/24 DD 08/21/2451,300,000 51,300,000 
MERRILL LYNCH REV REPO 5.310% 03/11/24 DD 03/08/248,700,000 8,700,000 
MERRILL LYNCH REV REPO 5.310% 03/15/24 DD 03/14/248,500,000 8,500,000 
MERRILL LYNCH REV REPO 5.310% 03/19/24 DD 03/18/246,700,000 6,700,000 
MERRILL LYNCH REV REPO 5.310% 05/17/24 DD 05/16/248,100,000 8,100,000 
MERRILL LYNCH REV REPO 5.310% 05/22/24 DD 05/21/248,500,000 8,500,000 
MERRILL LYNCH REV REPO 5.320% 02/26/24 DD 02/23/2410,300,000 10,300,000 
MERRILL LYNCH REV REPO 5.320% 03/13/24 DD 03/12/249,000,000 9,000,000 
MERRILL LYNCH REV REPO 5.320% 04/10/24 DD 04/09/249,400,000 9,400,000 
MERRILL LYNCH REV REPO 5.320% 04/15/24 DD 04/12/247,600,000 7,600,000 
MERRILL LYNCH REV REPO 5.320% 04/25/24 DD 04/24/248,900,000 8,900,000 
MERRILL LYNCH REV REPO 5.320% 05/07/24 DD 05/06/248,200,000 8,200,000 
MERRILL LYNCH REV REPO 5.330% 03/07/24 DD 03/06/2460,100,000 60,100,000 
MERRILL LYNCH REV REPO 5.330% 03/08/24 DD 03/07/2459,100,000 59,100,000 
MERRILL LYNCH REV REPO 5.330% 04/17/24 DD 04/16/249,800,000 9,800,000 
MERRILL LYNCH REV REPO 5.330% 04/22/24 DD 04/19/2453,600,000 53,600,000 
MERRILL LYNCH REV REPO 5.330% 04/23/24 DD 04/22/2453,600,000 53,600,000 
MERRILL LYNCH REV REPO 5.340% 04/08/24 DD 04/05/249,600,000 9,600,000 
MERRILL LYNCH REV REPO 5.340% 05/20/24 DD 05/17/2446,900,000 46,900,000 
MERRILL LYNCH REV REPO 5.340% 05/23/24 DD 05/22/2452,400,000 52,400,000 
MERRILL LYNCH REV REPO 5.340% 05/28/24 DD 05/24/248,700,000 8,700,000 
MERRILL LYNCH REV REPO 5.340% 08/06/24 DD 08/05/2451,700,000 51,700,000 
MERRILL LYNCH REV REPO 5.350% 05/02/24 DD 05/01/248,100,000 8,100,000 
MERRILL LYNCH REV REPO 5.350% 05/08/24 DD 05/07/24100,000 100,000 
MERRILL LYNCH REV REPO 5.360% 01/12/24 DD 01/11/2461,400,000 61,400,000 
MERRILL LYNCH REV REPO 5.360% 06/07/24 DD 06/06/247,500,000 7,500,000 
MERRILL LYNCH REV REPO 5.370% 01/17/24 DD 01/16/2410,400,000 10,400,000 
MERRILL LYNCH REV REPO 5.370% 04/08/24 DD 04/05/24100,000 100,000 
MERRILL LYNCH REV REPO 5.370% 04/17/24 DD 04/16/2455,700,000 55,700,000 
MERRILL LYNCH REV REPO 5.370% 05/03/24 DD 05/02/24100,000 100,000 
MERRILL LYNCH REV REPO 5.370% 06/03/24 DD 05/31/246,800,000 6,800,000 
MERRILL LYNCH REV REPO 5.370% 06/13/24 DD 06/12/2448,800,000 48,800,000 
MERRILL LYNCH REV REPO 5.370% 07/24/24 DD 07/23/248,400,000 8,400,000 
MERRILL LYNCH REV REPO 5.370% 09/10/24 DD 09/09/2445,100,000 45,100,000 
MERRILL LYNCH REV REPO 5.380% 07/15/24 DD 07/12/248,200,000 8,200,000 
MERRILL LYNCH REV REPO 5.380% 08/14/24 DD 08/13/246,800,000 6,800,000 
MERRILL LYNCH REV REPO 5.390% 04/30/24 DD 04/29/24100,000 100,000 
MERRILL LYNCH REV REPO 5.390% 06/11/24 DD 06/10/24100,000 100,000 
MERRILL LYNCH REV REPO 5.390% 06/12/24 DD 06/11/2448,800,000 48,800,000 
MERRILL LYNCH REV REPO 5.390% 06/21/24 DD 06/20/2455,600,000 55,600,000 
MERRILL LYNCH REV REPO 5.390% 07/10/24 DD 07/09/24100,000 100,000 
MERRILL LYNCH REV REPO 5.390% 07/31/24 DD 07/30/2448,200,000 48,200,000 
MERRILL LYNCH REV REPO 5.390% 08/07/24 DD 08/06/2451,400,000 51,400,000 
MERRILL LYNCH REV REPO 5.390% 08/09/24 DD 08/08/2450,900,000 50,900,000 
MERRILL LYNCH REV REPO 5.390% 08/12/24 DD 08/09/2452,000,000 52,000,000 
MERRILL LYNCH REV REPO 5.400% 06/07/24 DD 06/06/2448,000,000 48,000,000 
MERRILL LYNCH REV REPO 5.400% 08/14/24 DD 08/13/2445,300,000 45,300,000 
MERRILL LYNCH REV REPO 5.410% 05/31/24 DD 05/30/2453,200,000 53,200,000 
MERRILL LYNCH REV REPO 5.410% 06/20/24 DD 06/18/24100,000 100,000 
MERRILL LYNCH REV REPO 5.410% 07/31/24 DD 07/30/243,200,000 3,200,000 
MERRILL LYNCH REV REPO 5.410% 08/05/24 DD 08/02/2454,300,000 54,300,000 
44

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
December 31, 2024
Identity of issue, borrower, lessor, or similar party, including maturity date,Proceeds of
rate of interest, collateral, par or maturity valueShares / Par ValueDispositions
MERRILL LYNCH REV REPO 5.420% 04/03/24 DD 04/02/248,600,000 8,600,000 
MERRILL LYNCH REV REPO 5.420% 07/03/24 DD 07/02/247,600,000 7,600,000 
MERRILL LYNCH REV REPO 5.440% 07/17/24 DD 07/16/24100,000 100,000 
MERRILL LYNCH REV REPO 5.440% 08/01/24 DD 07/31/2452,100,000 52,100,000 
MERRILL LYNCH REV REPO 5.450% 04/02/24 DD 04/01/2456,600,000 56,600,000 
SOCIETE GENERALE REV REPO 5.280% 02/21/24 DD 02/20/2410,800,000 10,800,000 
SOCIETE GENERALE REV REPO 5.280% 02/22/24 DD 02/21/246,700,000 6,700,000 
SOCIETE GENERALE REV REPO 5.310% 01/22/24 DD 01/19/249,900,000 9,900,000 
SOCIETE GENERALE REV REPO 5.330% 01/25/24 DD 01/24/2410,200,000 10,200,000 
SOCIETE GENERALE REV REPO 5.330% 02/09/24 DD 02/08/249,900,000 9,900,000 
SOCIETE GENERALE REV REPO 5.350% 04/29/24 DD 04/26/249,200,000 9,200,000 
SOCIETE GENERALE REV REPO 5.350% 04/30/24 DD 04/29/249,000,000 9,000,000 
TORONTO DOMINION REV REPO 5.320% 01/22/24 DD 01/19/24300,000 300,000 
Total Securities Purchased Under Agreements to Resell$14,437,000,000 
Fixed Income Securities
ABU DHABI GOVERNMENT INTERNATIONAL 144A 5.500% 04/30/54 DD 04/30/24400,000 $402,422 
ARGENTINA TREASURY BOND BONCER 0.000% 03/31/2612,338,000 12,470 
AUSTRALIA GOVERNMENT BOND REGS 3.500% 12/21/261,600,000 944,461 
BANK OF AMERICA CORP VAR RT 07/23/31 DD 07/23/20600,000 507,295 
BARCLAYS PLC REGS VAR RT 08/08/30400,000 449,160 
BRAZIL LETRAS DO TESOURO NACIO 0.000% 04/01/254,000,000 669,589 
BUNDESOBLIGATION REGS 2.500% 10/11/293,400,000 3,613,196 
BUNDESREPUBLIK DEUTSCHLAND REGS 2.500% 08/15/541,200,000 1,250,274 
BUNDESREPUBLIK DEUTSCHLAND REGS 2.600% 08/15/261,400,000 1,507,209 
CHARTER COMMUNICATIONS OPERATION 3.500% 03/01/42 DD 10/12/21200,000 138,326 
CHASE HOME LENDING RPL2 A1A 144A VAR RT 08/25/64 DD 05/01/24962,858 849,740 
DANSKE BANK A/S 144A VAR RT 03/01/30 DD 03/01/24200,000 197,396 
DANSKE BANK A/S 144A VAR RT 10/02/30 DD 10/02/24400,000 389,880 
DEUTSCHE BANK AG REGS VAR RT 09/05/30200,000 224,098 
DEVELOPMENT BANK OF JAPAN REGS 0.010% 09/09/25500,000 528,042 
FRENCH REPUBLIC GOVERNMENT 144A 3.000% 11/25/26600,000 627,957 
GLENCORE FUNDING LLC 144A 5.371% 04/04/29 DD 04/04/24400,000 404,182 
GOVERNMENT OF CANADA 2.500% 01-DEC-2032 BD SER P329900,000 624,395 
GOVERNMENT OF CANADA 3.500% 01-SEP-20291,200,000 913,613 
GOVERNMENT OF CANADA 4.000% 01-MAR-2029 SER Q9882,000,000 1,474,905 
HSBC HOLDINGS PLC REGS VAR RT 03/10/32400,000 453,023 
HUNGARY GOVERNMENT INTERNATIONAL 144A 5.500% 03/26/36 DD 01/10/24400,000 382,649 
ITALY BUONI POLIENNALI DE REGS 0.000% 04/01/261,200,000 1,221,662 
ITALY BUONI POLIENNALI DE REGS 3.850% 02/01/354,800,000 5,198,174 
ITALY BUONI POLIENNALI DE REGS 3.850% 09/15/26200,000 215,411 
JAPAN GOVERNMENT FIVE YEAR BOND 0.400% 06/20/29100,000,000 635,718 
JAPAN GOVERNMENT TEN YEAR BOND 0.900% 09/20/261,180,000,000 7,484,745 
JAPAN GOVERNMENT THIRTY YEAR BOND 1.600% 12/20/539,000,000 50,051 
JAPAN GOVERNMENT THIRTY YEAR BOND 1.800% 03/20/54170,000,000 991,037 
JAPAN GOVERNMENT THIRTY YEAR BOND 2.200% 06/20/54110,000,000 702,057 
JAPAN GOVERNMENT TWO YEAR BOND 0.100% 01/01/2680,000,000 513,237 
JAPAN TREASURY DISCOUNT BILL 0.000% 04/08/24220,000,000 1,489,173 
JAPAN TREASURY DISCOUNT BILL 0.000% 04/15/24300,000,000 2,030,662 
JAPAN TREASURY DISCOUNT BILL 0.000% 05/07/24380,000,000 2,572,292 
JAPAN TREASURY DISCOUNT BILL 0.000% 05/20/25120,000,000 771,586 
JAPAN TREASURY DISCOUNT BILL 0.000% 05/27/24330,000,000 2,233,853 
JAPAN TREASURY DISCOUNT BILL 0.000% 06/03/24340,000,000 2,301,536 
JAPAN TREASURY DISCOUNT BILL 0.000% 06/10/2460,000,000 406,162 
JAPAN TREASURY DISCOUNT BILL 0.000% 06/17/24270,000,000 1,827,689 
JAPAN TREASURY DISCOUNT BILL 0.000% 06/20/2580,000,000 514,457 
45

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
December 31, 2024
Identity of issue, borrower, lessor, or similar party, including maturity date,Proceeds of
rate of interest, collateral, par or maturity valueShares / Par ValueDispositions
JAPAN TREASURY DISCOUNT BILL 0.000% 09/30/24150,000,000 1,066,390 
JAPAN TREASURY DISCOUNT BILL 0.000% 10/21/2480,000,000 568,729 
JAPAN TREASURY DISCOUNT BILL 0.000% 10/28/2470,000,000 497,632 
JAPAN TREASURY DISCOUNT BILL 0.000% 11/05/2440,000,000 284,352 
JAPAN TREASURY DISCOUNT BILL 0.000% 11/18/24250,000,000 1,777,140 
JPMORGAN CHASE & CO VAR RT 01/23/35 DD 01/23/24400,000 401,631 
JPMORGAN CHASE & CO VAR RT 10/22/28 DD 10/22/24400,000 396,626 
JYSKE REALKREDIT A/S 1.500% 07/01/501  
KOREA NATIONAL OIL CORP 144A 4.250% 09/30/29 DD 09/30/24400,000 388,524 
LETRA DEL TESORO NACIONAL CAPITALIZABLES 4.500% 01/17/25360,000 288 
MEXICAN BONOS 7.500% 06/03/272,000,000 99,348 
MEXICAN BONOS 7.750% 05/29/31300,000 14,052 
MEXICAN BONOS 8.500% 03/01/294,000,000 200,287 
MEXICAN BONOS 8.500% 05/31/291,200,000 59,760 
MORGAN STANLEY VAR RT 01/16/30 DD 01/18/24200,000 201,412 
MORGAN STANLEY VAR RT 04/18/30 DD 04/19/24600,000 615,814 
MORGAN STANLEY VAR RT 07/19/30 DD 07/19/24600,000 600,289 
NATIONAL BANK OF HUNGARY BILL 0.000% 01/25/2469,000,000 194,531 
NATIONAL BANK OF HUNGARY BILL 0.000% 02/01/2469,000,000 195,318 
NORDEA KREDIT REALKREDITAKTIES 2.000% 10/01/471  
NORDEA KREDIT REALKREDITAKTIES 2.500% 10/01/471  
NYKREDIT REALKREDIT AS 1.500% 10/01/571  
NYKREDIT REALKREDIT AS REGS 1.000% 04/01/25800,000 114,480 
NYKREDIT REALKREDIT AS REGS 1.500% 10/01/501  
NYKREDIT REALKREDIT AS REGS 2.500% 10/01/471  
PERUVIAN GOVERNMENT INTERNATIONAL 144A 6.150% 08/12/32 DD 07/21/17700,000 182,752 
PRKCM 2024-HOME1 HOME1 A1 144A VAR RT 05/25/59 DD 05/01/24914,967 921,711 
REALKREDIT DANMARK A/S REGS 1.000% 01/01/253,200,000 459,569 
REALKREDIT DANMARK A/S REGS 1.000% 04/01/251,200,000 171,719 
REALKREDIT DANMARK A/S REGS 2.500% 04/01/471  
REPUBLIC OF POLAND GOVERNMENT 4.625% 03/18/29 DD 03/18/24400,000 396,322 
REPUBLIC OF POLAND GOVERNMENT 5.125% 09/18/26 DD 03/18/24400,000 392,426 
REPUBLIC OF SOUTH AFRICA GOVERNMENT 8.000% 01/31/307,400,000 394,066 
REPUBLIC OF SOUTH AFRICA GOVERNMENT 8.875% 02/28/3515,600,000 786,141 
SINGAPORE GOVERNMENT BOND 1.875% 10/01/5130,000 17,155 
SINGAPORE GOVERNMENT BOND REGS 3.250% 06/01/541,050,000 844,509 
SPAIN GOVERNMENT BOND 2.500% 05/31/27600,000 632,928 
SPAIN GOVERNMENT BOND 2.800% 05/31/26400,000 442,140 
UBS GROUP AG 144A VAR RT 02/08/35 DD 01/08/24400,000 407,638 
UNITED KINGDOM GILT REGS 4.125% 07/22/291,200,000 1,504,263 
UNITED KINGDOM GILT REGS 4.250% 07/31/261,600,000 1,989,748 
UNITED KINGDOM GILT REGS 4.375% 07/31/54400,000 464,749 
WELLS FARGO & CO VAR RT 07/25/28 DD 07/25/22400,000 399,144 
WELLS FARGO BANK NA VAR RT 01/15/26 DD 01/23/24600,000 602,424 
Total Fixed Income Securities$66,409,791 
Common Stock
BELLEVUE GOLD LTD 744,988 $656,380 
CRH PLC 1,289 101,605 
EXPORT DEVELOPMENT CANADA 144A 7.130% 03/11/2911,000,000 130,660 
HONG KONG EXCHANGES & CLEARING HK/0038834,673 1,366,552 
JAPAN POST INSURANCE CO LTD 36,800 692,951 
JAPAN TOBACCO INC 32,700 901,420 
PUIG BRANDS SA 16,399 297,682 
PUMA SE 4,249 206,152 
ROLLS-ROYCE HOLDINGS PLC 44,791 168,660 
46

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
December 31, 2024
Identity of issue, borrower, lessor, or similar party, including maturity date,Proceeds of
rate of interest, collateral, par or maturity valueShares / Par ValueDispositions
ROVER GROUP INC 4,159 45,299 
THK CO LTD 24,110 423,101 
TIMEE INC 47,470 453,535 
Total Common Stock$5,443,997 
Derivatives
3 MONTH SOFR FUTURE (CME) EXP DEC 2510 $(13,688)
3 MONTH SOFR FUTURE (CME) EXP JUN 2610 (14,138)
3 MONTH SOFR FUTURE (CME) EXP MAR 2542 (48,056)
3 MONTH SOFR FUTURE (CME) EXP MAR 2610 (14,038)
ALUMINUM HG FUTURE (LME) EXP JAN 2418 (6,148)
ALUMINUM HG FUTURE (LME) EXP JAN 2511 (68)
AUSTRALIAN 10YR BOND FUTURE (SFE) EXP DEC 243 (34,345)
AUSTRALIAN 10YR BOND FUTURE (SFE) EXP JUN 2414 29,139 
AUSTRALIAN 10YR BOND FUTURE (SFE) EXP SEP 246 34,176 
BRENT CRUDE FUTURE (ICE) EXP AUG 247 2,171 
BRENT CRUDE FUTURE (ICE) EXP JAN 2545 9,580 
BRENT CRUDE FUTURE (ICE) EXP JUN 2611 6,062 
BRENT CRUDE FUTURE (ICE) EXP MAY 2416 5,242 
BRENT CRUDE OIL FUTURE (ICE) EXP FEB 2532 (99,338)
BRENT CRUDE OIL FUTURE (ICE) EXP JUL 2433 (198,503)
BRENT CRUDE OIL FUTURE (ICE) EXP NOV 2421 (38,431)
BRENT CRUDE OIL FUTURE (ICE) EXP OCT 2434 137,579 
BRT/DUBAI 1ST LN FUTURE (ISF) EXP DEC 244 1,315 
BRT/DUBAI 1ST LN FUTURE (ISF) EXP FEB 255 4,333 
BRT/DUBAI 1ST LN FUTURE (ISF) EXP JAN 254 3,751 
BRT/DUBAI 1ST LN FUTURE (ISF) EXP MAR 243 31 
BRT/DUBAI 1ST LN FUTURE (ISF) EXP MAY 241 1,756 
CANADA 10YR BOND FUTURE (MSE) EXP DEC 246 (8,912)
CANADA 10YR BOND FUTURE (MSE) EXP JUN 2413 (12,233)
CANADA 10YR BOND FUTURE (MSE) EXP SEP 2414 48,684 
CANADA 5YR BOND FUTURE (MSE) EXP DEC 2434 (18,124)
CCP OIS R SOFR PUT JAN 25 004.250 ED 0115253,000,000 15,000 
CCP__IRS._P USD-SOFR-COMPOUND REC 2.31% 2025 JAN 162,800,000  
CCP_CDS. SP UL THE BOEING COMP REC 100BPS 2025 DEC 20100,000 621 
CCP_CDS._SP UL THE BOEING COMP REC 100BPS 2025 DEC 20100,000  
CCP_CDX. BP UL CDX.NA.IG.42 CM PAY 100BPS 2034 JUN 201,600,000  
CCP_CDX. BP UL CDX.NA.IG.43 CM PAY 100BPS 2034 DEC 201,600,000  
CCP_CDX. SP UL CDX.NA.IG.42_V1 REC 100BPS 2029 JUN 2016,200,000 356,673 
CCP_CDX. SP UL CDX.NA.IG.43 CM REC 100BPS 2029 DEC 2017,900,000 387,211 
CCP_CDX._BP UL CDX.NA.IG.42 CM PAY 100BPS 2034 JUN 201,600,000 (12,140)
CCP_CDX._BP UL CDX.NA.IG.43 CM PAY 100BPS 2034 DEC 201,600,000 (9,212)
CCP_CDX._SP UL CDX.NA.IG.42_V1 REC 100BPS 2029 JUN 2016,200,000  
CCP_CDX._SP UL CDX.NA.IG.43 CM REC 100BPS 2029 DEC 2017,900,000  
CCP_IRS. P AUD-BBR-BBSW 6M CME REC 3.75% 2030 MAR 196,600,000  
CCP_IRS. P CAD-CORRA-OIS-COMPO REC 1.22% 2025 MAR 031,400,000  
CCP_IRS. P CAD-CORRA-OIS-COMPO REC 1.5% 2025 JUN 17500,000  
CCP_IRS. P CAD-CORRA-OIS-COMPO REC 1.5% 2030 JUN 17900,000  
CCP_IRS. P CAD-CORRA-OIS-COMPO REC 1.71% 2029 OCT 02200,000  
CCP_IRS. P CAD-CORRA-OIS-COMPO REC 3.5% 2026 JUN 196,000,000 22,895 
CCP_IRS. P CAD-CORRA-OIS-COMPO REC 3.5% 2026 MAR 191,300,000 3,713 
CCP_IRS. P CAD-CORRA-OIS-COMPO REC 3.5% 2034 JUN 19700,000 19,138 
CCP_IRS. P CAD-CORRA-OIS-COMPO REC 3.9% 2026 JUN 192,500,000 17,582 
CCP_IRS. P CAD-CORRA-OIS-COMPO REC 3.93% 2026 JUN 192,300,000 17,166 
CCP_IRS. P GBP-SONIA-COMPOUND REC 3.0% 2027 JUN 171,100,000  
CCP_IRS. P GBP-SONIA-COMPOUND REC 3.75% 2034 SEP 185,850,000 24,213 
47

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
December 31, 2024
Identity of issue, borrower, lessor, or similar party, including maturity date,Proceeds of
rate of interest, collateral, par or maturity valueShares / Par ValueDispositions
CCP_IRS. P GBP-SONIA-COMPOUND REC 3.75% 2054 SEP 18100,000  
CCP_IRS. P GBP-SONIA-COMPOUND REC 4.0% 2029 SEP 186,300,000 16,960 
CCP_IRS. P GBP-SONIA-COMPOUND REC 4.25% 2026 SEP 187,800,000 1,452 
CCP_IRS. P ILS-TELBOR01-REUTER REC 4.1% 2029 SEP 19300,000  
CCP_IRS. P ILS-TELBOR01-REUTER REC 4.17% 2029 OCT 021,800,000  
CCP_IRS. P ILS-TELBOR01-REUTER REC 4.17% 2029 SEP 18600,000  
CCP_IRS. P ILS-TELBOR01-REUTER REC 4.35% 2029 SEP 24700,000  
CCP_IRS. P JPY-TONA-OIS-COMPOU REC 0.6% 2029 SEP 18540,000,000 1,424 
CCP_IRS. P JPY-TONA-OIS-COMPOU REC 0.85% 2033 SEP 2020,000,000  
CCP_IRS. P JPY-TONA-OIS-COMPOU REC 1.0% 2034 SEP 18370,000,000 19,849 
CCP_IRS. P JPY-TONA-OIS-COMPOU REC 1.0% 2044 JUN 19190,000,000  
CCP_IRS. P MXN-TIIE-BANXICO 28 REC 10.01% 2029 MAY 311,000,000 511 
CCP_IRS. P MXN-TIIE-BANXICO 28 REC 10.13% 2029 MAR 011,200,000 722 
CCP_IRS. P MXN-TIIE-BANXICO 28 REC 10.3% 2027 JUN 032,000,000 360 
CCP_IRS. P MXN-TIIE-BANXICO 28 REC 9.72% 2029 MAY 31200,000  
CCP_IRS. P MXN-TIIE-BANXICO 28 REC 9.74% 2029 MAR 01300,000  
CCP_IRS. P MXN-TIIE-BANXICO 28 REC 9.81% 2031 MAY 29300,000 133 
CCP_IRS. P MXN-TIIE-BANXICO 28 REC 9.93% 2029 MAR 011,000,000 205 
CCP_IRS. P MXN-TIIE-BANXICO 28 REC 9.94% 2029 MAR 011,500,000 331 
CCP_IRS. P NZD-BBR-FRA 3M CME REC 4.25% 2030 MAR 181,800,000 165 
CCP_IRS. P NZD-BBR-FRA 3M CME REC 4.75% 2029 JUN 191,500,000 37,747 
CCP_IRS. P USD-SOFR-COMPOUND C REC 2.69% 2025 APR 04300,000  
CCP_IRS. P USD-SOFR-COMPOUND C REC 2.79% 2025 APR 10200,000  
CCP_IRS. P USD-SOFR-COMPOUND C REC 2.84% 2025 APR 10200,000  
CCP_IRS. P USD-SOFR-COMPOUND C REC 3.4% 2034 OCT 17300,000  
CCP_IRS. P USD-SOFR-COMPOUND C REC 3.46% 2034 NOV 01300,000  
CCP_IRS. P USD-SOFR-COMPOUND C REC 3.5% 2034 OCT 30300,000  
CCP_IRS. P USD-SOFR-COMPOUND C REC 3.5% 2054 DEC 18300,000  
CCP_IRS. P USD-SOFR-COMPOUND C REC 3.54% 2034 NOV 06300,000  
CCP_IRS. P USD-SOFR-COMPOUND C REC 3.74% 2034 JAN 23100,000  
CCP_IRS. P USD-SOFR-COMPOUND C REC 3.75% 2026 DEC 188,300,000  
CCP_IRS. P USD-SOFR-COMPOUND C REC 3.75% 2029 DEC 184,800,000 17,005 
CCP_IRS. P USD-SOFR-COMPOUND C REC 3.75% 2029 JUN 208,600,000 7,191 
CCP_IRS. P USD-SOFR-COMPOUND C REC 3.75% 2034 DEC 186,300,000 111,649 
CCP_IRS. P USD-SOFR-COMPOUND C REC 3.86% 2034 FEB 21100,000 730 
CCP_IRS. P USD-SOFR-COMPOUND C REC 4.09% 2034 APR 30100,000 516 
CCP_IRS. P USD-SOFR-COMPOUND C REC 4.11% 2034 APR 24100,000  
CCP_IRS. R AUD-BBR-BBSW 6M CME PAY 4.5% 2034 JUN 191,100,000 201 
CCP_IRS. R CAD-CORRA-OIS-COMPO PAY 2.91% 2026 JUN 193,500,000  
CCP_IRS. R CAD-CORRA-OIS-COMPO PAY 3.25% 2028 MAR 15200,000  
CCP_IRS. R CAD-CORRA-OIS-COMPO PAY 3.25% 2033 MAR 151,000,000  
CCP_IRS. R CAD-CORRA-OIS-COMPO PAY 3.39% 2032 DEC 01100,000  
CCP_IRS. R CNY-CNREPOFIX=CFXS- PAY 2.25% 2029 SEP 1829,970,000  
CCP_IRS. R GBP-SONIA-COMPOUND PAY 3.75% 2054 SEP 18700,000 56,992 
CCP_IRS. R GBP-SONIA-COMPOUND PAY 4.25% 2026 SEP 18300,000 1,387 
CCP_IRS. R GBP-SONIA-COMPOUND PAY 5.5% 2026 MAR 20300,000  
CCP_IRS. R JPY-TONA-OIS-COMPOU PAY 1.0% 2034 DEC 1810,000,000  
CCP_IRS. R JPY-TONA-OIS-COMPOU PAY 1.5% 2054 SEP 1860,000,000 20,056 
CCP_IRS. R KRW-CD 91D 3M CME PAY 3.25% 2029 MAR 202,181,669,000  
CCP_IRS. R KRW-CD-KSDA-BLOOMBE PAY 3.0% 2030 MAR 192,329,120,000  
CCP_IRS. R KRW-CD-KSDA-BLOOMBE PAY 3.05% 2029 JUL 16493,870,000  
CCP_IRS. R KRW-CD-KSDA-BLOOMBE PAY 3.25% 2029 SEP 182,641,490,000  
CCP_IRS. R MXN-TIIE-BANXICO 28 PAY 8.67% 2029 MAY 31380,000 906 
CCP_IRS. R MXN-TIIE-BANXICO 28 PAY 8.68% 2029 MAY 31800,000 1,894 
CCP_IRS. R MXN-TIIE-BANXICO 28 PAY 8.73% 2029 MAR 071,000,000 2,269 
CCP_IRS. R MXN-TIIE-BANXICO 28 PAY 8.76% 2029 MAR 011,000,000 2,205 
48

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
December 31, 2024
Identity of issue, borrower, lessor, or similar party, including maturity date,Proceeds of
rate of interest, collateral, par or maturity valueShares / Par ValueDispositions
CCP_IRS. R MXN-TIIE-BANXICO 28 PAY 8.81% 2031 MAY 29300,000 707 
CCP_IRS. R MXN-TIIE-BANXICO 28 PAY 9.01% 2029 MAR 011,900,000 3,219 
CCP_IRS. R MXN-TIIE-BANXICO 28 PAY 9.07% 2027 JUN 031,000,000 1,533 
CCP_IRS. R MXN-TIIE-BANXICO 28 PAY 9.26% 2027 JUN 03900,000 1,144 
CCP_IRS. R NZD-BBR-FRA 3M CME PAY 3.75% 2027 JUN 15400,000  
CCP_IRS. R NZD-BBR-FRA 3M CME PAY 4.25% 2030 MAR 181,100,000  
CCP_IRS. R SGD-SORA-COMPOUND C PAY 2.75% 2029 SEP 185,210,000  
CCP_IRS. R SGD-SORA-COMPOUND C PAY 3.0% 2029 MAR 201,800,000  
CCP_IRS. R USD-SOFR-COMPOUND C PAY 2.18% 2034 JAN 16300,000 39,928 
CCP_IRS. R USD-SOFR-COMPOUND C PAY 3.28% 2026 SEP 1610,300,000 75,955 
CCP_IRS. R USD-SOFR-COMPOUND C PAY 3.5% 2054 JUN 201,300,000 46,966 
CCP_IRS. R USD-SOFR-COMPOUND C PAY 3.53% 2034 SEP 04300,000 6,594 
CCP_IRS. R USD-SOFR-COMPOUND C PAY 3.55% 2030 OCT 31200,000 2,488 
CCP_IRS. R USD-SOFR-COMPOUND C PAY 3.58% 2030 OCT 31200,000 2,110 
CCP_IRS. R USD-SOFR-COMPOUND C PAY 3.59% 2034 AUG 19300,000 5,080 
CCP_IRS. R USD-SOFR-COMPOUND C PAY 3.6% 2030 OCT 311,100,000 10,137 
CCP_IRS. R USD-SOFR-COMPOUND C PAY 3.62% 2030 OCT 31100,000 833 
CCP_IRS. R USD-SOFR-COMPOUND C PAY 3.67% 2034 JAN 08200,000  
CCP_IRS. R USD-SOFR-COMPOUND C PAY 3.69% 2030 OCT 31200,000 966 
CCP_IRS. R USD-SOFR-COMPOUND C PAY 3.7% 2049 FEB 20500,000 12,918 
CCP_IRS. R USD-SOFR-COMPOUND C PAY 3.75% 2031 JUN 20700,000 1,329 
CCP_IRS. R USD-SOFR-COMPOUND C PAY 3.75% 2034 DEC 182,100,000 2,792 
CCP_IRS. R USD-SOFR-COMPOUND C PAY 3.75% 2034 JUN 2011,300,000 99,930 
CCP_IRS. R USD-SOFR-COMPOUND C PAY 3.89% 2034 JUL 12400,000  
CCP_IRS. R USD-SOFR-COMPOUND C PAY 4.0% 2026 JUN 207,800,000 79,372 
CCP_IRS. R USD-SOFR-COMPOUND C PAY 4.75% 2025 JUL 121,000,000  
CCP_IRS. R USD-SOFR-COMPOUND C PAY 4.75% 2025 JUL 171,500,000  
CCP_IRS. R USD-SOFR-COMPOUND C PAY 4.75% 2025 JUN 245,800,000  
CCP_IRS._P AUD-BBR-BBSW 6M CME REC 3.75% 2030 MAR 196,600,000 (100,388)
CCP_IRS._P CAD-CORRA-OIS-COMPO REC 1.22% 2025 MAR 031,400,000 (26,037)
CCP_IRS._P CAD-CORRA-OIS-COMPO REC 1.5% 2025 JUN 17500,000 (13,236)
CCP_IRS._P CAD-CORRA-OIS-COMPO REC 1.5% 2030 JUN 17900,000 (46,771)
CCP_IRS._P CAD-CORRA-OIS-COMPO REC 1.71% 2029 OCT 02200,000 (7,745)
CCP_IRS._P CAD-CORRA-OIS-COMPO REC 3.5% 2026 JUN 196,000,000  
CCP_IRS._P CAD-CORRA-OIS-COMPO REC 3.5% 2026 MAR 191,300,000  
CCP_IRS._P CAD-CORRA-OIS-COMPO REC 3.5% 2034 JUN 19700,000  
CCP_IRS._P CAD-CORRA-OIS-COMPO REC 3.9% 2026 JUN 192,500,000  
CCP_IRS._P CAD-CORRA-OIS-COMPO REC 3.93% 2026 JUN 192,300,000  
CCP_IRS._P GBP-SONIA-COMPOUND REC 3.0% 2027 JUN 171,100,000 (30,588)
CCP_IRS._P GBP-SONIA-COMPOUND REC 3.75% 2034 SEP 185,850,000 (53,047)
CCP_IRS._P GBP-SONIA-COMPOUND REC 3.75% 2054 SEP 18100,000 (1,568)
CCP_IRS._P GBP-SONIA-COMPOUND REC 4.0% 2029 SEP 186,300,000 (34,312)
CCP_IRS._P GBP-SONIA-COMPOUND REC 4.25% 2026 SEP 187,800,000 (14,293)
CCP_IRS._P ILS-TELBOR01-REUTER REC 4.1% 2029 SEP 19300,000 (1,529)
CCP_IRS._P ILS-TELBOR01-REUTER REC 4.17% 2029 OCT 021,800,000 (7,674)
CCP_IRS._P ILS-TELBOR01-REUTER REC 4.17% 2029 SEP 18600,000 (2,577)
CCP_IRS._P ILS-TELBOR01-REUTER REC 4.35% 2029 SEP 24700,000 (1,568)
CCP_IRS._P JPY-TONA-OIS-COMPOU REC 0.6% 2029 SEP 18540,000,000 (16,402)
CCP_IRS._P JPY-TONA-OIS-COMPOU REC 0.85% 2033 SEP 2020,000,000 (52)
CCP_IRS._P JPY-TONA-OIS-COMPOU REC 1.0% 2034 SEP 18370,000,000  
CCP_IRS._P JPY-TONA-OIS-COMPOU REC 1.0% 2044 JUN 19190,000,000 (98,701)
CCP_IRS._P MXN-TIIE-BANXICO 28 REC 10.01% 2029 MAY 311,000,000  
CCP_IRS._P MXN-TIIE-BANXICO 28 REC 10.13% 2029 MAR 011,200,000  
CCP_IRS._P MXN-TIIE-BANXICO 28 REC 10.3% 2027 JUN 032,000,000  
CCP_IRS._P MXN-TIIE-BANXICO 28 REC 9.72% 2029 MAY 31200,000 (23)
CCP_IRS._P MXN-TIIE-BANXICO 28 REC 9.74% 2029 MAR 01300,000 (57)
49

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
December 31, 2024
Identity of issue, borrower, lessor, or similar party, including maturity date,Proceeds of
rate of interest, collateral, par or maturity valueShares / Par ValueDispositions
CCP_IRS._P MXN-TIIE-BANXICO 28 REC 9.81% 2031 MAY 29300,000  
CCP_IRS._P MXN-TIIE-BANXICO 28 REC 9.93% 2029 MAR 011,000,000  
CCP_IRS._P MXN-TIIE-BANXICO 28 REC 9.94% 2029 MAR 011,500,000  
CCP_IRS._P NZD-BBR-FRA 3M CME REC 4.25% 2030 MAR 181,800,000 (4,782)
CCP_IRS._P NZD-BBR-FRA 3M CME REC 4.75% 2029 JUN 191,500,000  
CCP_IRS._P USD-SOFR-COMPOUND C REC 2.31% 2025 JAN 162,800,000 (81,445)
CCP_IRS._P USD-SOFR-COMPOUND C REC 2.69% 2025 APR 04300,000 (6,664)
CCP_IRS._P USD-SOFR-COMPOUND C REC 2.79% 2025 APR 10200,000 (4,197)
CCP_IRS._P USD-SOFR-COMPOUND C REC 2.84% 2025 APR 10200,000 (4,099)
CCP_IRS._P USD-SOFR-COMPOUND C REC 3.4% 2034 OCT 17300,000 (9,533)
CCP_IRS._P USD-SOFR-COMPOUND C REC 3.46% 2034 NOV 01300,000 (7,930)
CCP_IRS._P USD-SOFR-COMPOUND C REC 3.5% 2034 OCT 30300,000 (6,932)
CCP_IRS._P USD-SOFR-COMPOUND C REC 3.5% 2054 DEC 18300,000 (9,026)
CCP_IRS._P USD-SOFR-COMPOUND C REC 3.54% 2034 NOV 06300,000 (7,673)
CCP_IRS._P USD-SOFR-COMPOUND C REC 3.74% 2034 JAN 23100,000 (3,852)
CCP_IRS._P USD-SOFR-COMPOUND C REC 3.75% 2026 DEC 188,300,000 (14,809)
CCP_IRS._P USD-SOFR-COMPOUND C REC 3.75% 2029 DEC 184,800,000 (251)
CCP_IRS._P USD-SOFR-COMPOUND C REC 3.75% 2029 JUN 208,600,000 (78,669)
CCP_IRS._P USD-SOFR-COMPOUND C REC 3.75% 2034 DEC 186,300,000  
CCP_IRS._P USD-SOFR-COMPOUND C REC 3.86% 2034 FEB 21100,000  
CCP_IRS._P USD-SOFR-COMPOUND C REC 4.09% 2034 APR 30100,000  
CCP_IRS._P USD-SOFR-COMPOUND C REC 4.11% 2034 APR 24100,000 (1,360)
CCP_IRS._R AUD-BBR-BBSW 6M CME PAY 4.5% 2034 JUN 191,100,000 (5,131)
CCP_IRS._R CAD-CORRA-OIS-COMPO PAY 2.91% 2026 JUN 193,500,000 (444)
CCP_IRS._R CAD-CORRA-OIS-COMPO PAY 3.25% 2028 MAR 15200,000 (1,701)
CCP_IRS._R CAD-CORRA-OIS-COMPO PAY 3.25% 2033 MAR 151,000,000 (12,875)
CCP_IRS._R CAD-CORRA-OIS-COMPO PAY 3.39% 2032 DEC 01100,000 (137)
CCP_IRS._R CNY-CNREPOFIX=CFXS- PAY 2.25% 2029 SEP 1829,970,000 (83,874)
CCP_IRS._R GBP-SONIA-COMPOUND PAY 3.75% 2054 SEP 18700,000  
CCP_IRS._R GBP-SONIA-COMPOUND PAY 4.25% 2026 SEP 18300,000  
CCP_IRS._R GBP-SONIA-COMPOUND PAY 5.5% 2026 MAR 20300,000 (6,880)
CCP_IRS._R JPY-TONA-OIS-COMPOU PAY 1.0% 2034 DEC 1810,000,000 (360)
CCP_IRS._R JPY-TONA-OIS-COMPOU PAY 1.5% 2054 SEP 1860,000,000  
CCP_IRS._R KRW-CD 91D 3M CME PAY 3.25% 2029 MAR 202,181,669,000 (3,832)
CCP_IRS._R KRW-CD-KSDA-BLOOMBE PAY 3.0% 2030 MAR 192,329,120,000 (4,700)
CCP_IRS._R KRW-CD-KSDA-BLOOMBE PAY 3.05% 2029 JUL 16493,870,000 (2,297)
CCP_IRS._R KRW-CD-KSDA-BLOOMBE PAY 3.25% 2029 SEP 182,641,490,000 (39,462)
CCP_IRS._R MXN-TIIE-BANXICO 28 PAY 8.67% 2029 MAY 31380,000  
CCP_IRS._R MXN-TIIE-BANXICO 28 PAY 8.68% 2029 MAY 31800,000  
CCP_IRS._R MXN-TIIE-BANXICO 28 PAY 8.73% 2029 MAR 071,000,000  
CCP_IRS._R MXN-TIIE-BANXICO 28 PAY 8.76% 2029 MAR 011,000,000  
CCP_IRS._R MXN-TIIE-BANXICO 28 PAY 8.81% 2031 MAY 29300,000  
CCP_IRS._R MXN-TIIE-BANXICO 28 PAY 9.01% 2029 MAR 011,900,000  
CCP_IRS._R MXN-TIIE-BANXICO 28 PAY 9.07% 2027 JUN 031,000,000  
CCP_IRS._R MXN-TIIE-BANXICO 28 PAY 9.26% 2027 JUN 03900,000  
CCP_IRS._R NZD-BBR-FRA 3M CME PAY 3.75% 2027 JUN 15400,000 (627)
CCP_IRS._R NZD-BBR-FRA 3M CME PAY 4.25% 2030 MAR 181,100,000 (10,098)
CCP_IRS._R SGD-SORA-COMPOUND C PAY 2.75% 2029 SEP 185,210,000 (26,343)
CCP_IRS._R SGD-SORA-COMPOUND C PAY 3.0% 2029 MAR 201,800,000 (4,126)
CCP_IRS._R USD-SOFR-COMPOUND C PAY 2.18% 2034 JAN 16300,000  
CCP_IRS._R USD-SOFR-COMPOUND C PAY 3.28% 2026 SEP 1610,300,000  
CCP_IRS._R USD-SOFR-COMPOUND C PAY 3.5% 2054 JUN 201,300,000  
CCP_IRS._R USD-SOFR-COMPOUND C PAY 3.53% 2034 SEP 04300,000  
CCP_IRS._R USD-SOFR-COMPOUND C PAY 3.55% 2030 OCT 31200,000  
CCP_IRS._R USD-SOFR-COMPOUND C PAY 3.58% 2030 OCT 31200,000  
CCP_IRS._R USD-SOFR-COMPOUND C PAY 3.59% 2034 AUG 19300,000  
50

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
December 31, 2024
Identity of issue, borrower, lessor, or similar party, including maturity date,Proceeds of
rate of interest, collateral, par or maturity valueShares / Par ValueDispositions
CCP_IRS._R USD-SOFR-COMPOUND C PAY 3.6% 2030 OCT 311,100,000  
CCP_IRS._R USD-SOFR-COMPOUND C PAY 3.6% 2034 JAN 17400,000 3,146 
CCP_IRS._R USD-SOFR-COMPOUND C PAY 3.62% 2030 OCT 31100,000  
CCP_IRS._R USD-SOFR-COMPOUND C PAY 3.67% 2034 JAN 08200,000 (523)
CCP_IRS._R USD-SOFR-COMPOUND C PAY 3.69% 2030 OCT 31200,000  
CCP_IRS._R USD-SOFR-COMPOUND C PAY 3.7% 2049 FEB 20500,000  
CCP_IRS._R USD-SOFR-COMPOUND C PAY 3.75% 2031 JUN 20700,000  
CCP_IRS._R USD-SOFR-COMPOUND C PAY 3.75% 2034 DEC 182,100,000 (3,811)
CCP_IRS._R USD-SOFR-COMPOUND C PAY 3.75% 2034 JUN 2011,300,000 (1,789)
CCP_IRS._R USD-SOFR-COMPOUND C PAY 3.89% 2034 JUL 12400,000 (2,945)
CCP_IRS._R USD-SOFR-COMPOUND C PAY 4.0% 2026 JUN 207,800,000 (165)
CCP_IRS._R USD-SOFR-COMPOUND C PAY 4.75% 2025 JUL 121,000,000 (1,101)
CCP_IRS._R USD-SOFR-COMPOUND C PAY 4.75% 2025 JUL 171,500,000 (1,763)
CCP_IRS._R USD-SOFR-COMPOUND C PAY 4.75% 2025 JUN 245,800,000 (401)
CCP_OIS. P CAD-CORRA-OIS-COMPO REC 3.5% 2025 DEC 187,600,000 15,243 
CCP_OIS. P INR-FBIL-MIBOR-OIS- REC 6.25% 2029 SEP 18446,630,000  
CCP_OIS. R INR-FBIL-MIBOR-OIS- PAY 6.5% 2029 SEP 1885,980,000  
CCP_OIS. R INR-MIBOR-OIS COMPO PAY 6.0% 2030 MAR 1911,020,000 1,507 
CCP_OIS. R THB-THOR-OIS COMPOU PAY 2.25% 2029 MAR 2031,045,000  
CCP_OIS. R THB-THOR-OIS COMPOU PAY 2.25% 2029 SEP 1888,390,000  
CCP_OIS. R THB-THOR-OIS COMPOU PAY 2.5% 2029 MAR 2057,920,000  
CCP_OIS. R THB-THOR-OIS COMPOU PAY 2.5% 2029 SEP 18115,500,000  
CCP_OIS. R THB-THOR-OIS COMPOU PAY 2.75% 2034 SEP 1810,910,000  
CCP_OIS. R USD-SOFR-COMPOUND 1 PAY 3.5% 2025 DEC 185,700,000 21,548 
CCP_OIS._P CAD-CORRA-OIS-COMPO REC 3.5% 2025 DEC 187,600,000  
CCP_OIS._P INR-FBIL-MIBOR-OIS- REC 6.25% 2029 SEP 18446,630,000 (18,439)
CCP_OIS._R INR-FBIL-MIBOR-OIS- PAY 6.5% 2029 SEP 1885,980,000 (6,259)
CCP_OIS._R INR-MIBOR-OIS COMPO PAY 6.0% 2030 MAR 1911,020,000  
CCP_OIS._R THB-THOR-OIS COMPOU PAY 2.25% 2029 MAR 2031,045,000 (4,750)
CCP_OIS._R THB-THOR-OIS COMPOU PAY 2.25% 2029 SEP 1888,390,000 (19,483)
CCP_OIS._R THB-THOR-OIS COMPOU PAY 2.5% 2029 MAR 2057,920,000 (24,681)
CCP_OIS._R THB-THOR-OIS COMPOU PAY 2.5% 2029 SEP 18115,500,000 (58,821)
CCP_OIS._R THB-THOR-OIS COMPOU PAY 2.75% 2034 SEP 1810,910,000 (10,151)
CCP_OIS._R USD-SOFR-COMPOUND 1 PAY 3.5% 2025 DEC 185,700,000  
CCP_ZCS. R AUD-AONIA-OIS-COMPO PAY 4.34% 2024 SEP 259,800,000 585 
CCP_ZCS._R AUD-AONIA-OIS-COMPO PAY 4.34% 2024 SEP 259,800,000  
CDS. SP UL STATE OF ISRAEL R 100BPS 2027 JUN 20600,000 657 
CDS._BP UL REPUBLIC OF KOREA P 100BPS 2029 DEC 20260,000 (7,954)
CDS._BP UL REPUBLIC OF KOREA P 100BPS 2029 JUN 20290,000 (8,861)
CDS._BP UL REPUBLIC OF THE PHI P 100BPS 2024 DEC 201,500,000 (1,547)
CDS._BP UL REPUBLIC OF THE PHI P 100BPS 2025 JUN 202,400,000 (12,640)
CNH/USD SPOT OPTION 2024 CALL DEC 24 007.275 ED 12/06/2450,000 11,000 
CNH/USD SPOT OPTION 2024 CALL DEC 24 007.400 ED 12/06/2410,000 340 
CNH/USD SPOT OPTION 2025 CALL FEB 25 007.300 ED 02/14/2520,000 2,700 
CNH/USD SPOT OPTION 2025 CALL FEB 25 007.375 ED 02/14/2530,000 3,735 
CNH/USD SPOT OPTION 2025 CALL FEB 25 007.450 ED 02/14/2510,000 900 
CNH/USD SPOT OPTION 2025 CALL JAN 25 007.300 ED 01/14/2510,000 1,950 
CNH/USD SPOT OPTION 2025 CALL JAN 25 007.400 ED 01/23/2510,000 1,090 
COCOA FUTURE (NYB) EXP DEC 246 (2,931)
COCOA FUTURE (NYB) EXP JUL 244 (51,509)
COCOA FUTURE (NYB) EXP MAY 244 78,720 
COCOA FUTURE (NYB) EXP SEP 2417 105,424 
COFF ROBUSTA 10TN FUTURE (ICE) EXP JUL 2415 (68,827)
COFF ROBUSTA 10TN FUTURE (ICE) EXP MAY 2413 (86,122)
COFF ROBUSTA 10TN FUTURE (ICE) EXP NOV 2415 (183,432)
COFF ROBUSTA 10TN FUTURE (ICE) EXP SEP 2415 (49,710)
51

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
December 31, 2024
Identity of issue, borrower, lessor, or similar party, including maturity date,Proceeds of
rate of interest, collateral, par or maturity valueShares / Par ValueDispositions
COFFEE ‘C’ FUTURE (NYB) EXP DEC 244 87,417 
COFFEE ‘C’ FUTURE (NYB) EXP JUL 246 23,243 
COFFEE ‘C’ FUTURE (NYB) EXP MAY 242 43,151 
COFFEE ‘C’ FUTURE (NYB) EXP SEP 245 (1,008)
COPPER FUTURE (CMX) EXP DEC 2416 (6,056)
COPPER FUTURE (CMX) EXP JUL 249 6,379 
COPPER FUTURE (CMX) EXP MAY 242 7,994 
COPPER FUTURE (CMX) EXP SEP 2432 102,682 
COPPER FUTURE (LME) EXP MAR 242 (12,970)
CORN FUTURE (CBT) DEC 24 CALL DEC 24 600.000 ED 11/22/2411 5,129 
CORN FUTURE (CBT) DEC 24 PUT DEC 24 400.000 ED 11/22/2411 (8,281)
CORN FUTURE (CBT) EXP DEC 24134 30,591 
CORN FUTURE (CBT) EXP MAY 2498 103,406 
CORN FUTURE (CBT) EXP SEP 24146 489,751 
COTTON NO 2 FUTURE (NYB) EXP DEC 2419 37,951 
COTTON NO 2 FUTURE (NYB) EXP MAY 246 (27,011)
CRUDE OIL FUTURE JUL 18 CALL JUL 18 050.000 ED 06/14/242 (85)
CRUDE OIL FUTURE JUL 24 CALL JUL 24 92.50 ED 06/14/242 (104)
ECX EMISSION FUTURE (EDX) EXP DEC 247 (56,742)
EURO-BOBL FUTURE (EUX) EXP JUN 2410 21,006 
EURO-BOBL FUTURE (EUX) EXP MAR 2411 27,089 
EURO-BOBL FUTURE (EUX) EXP SEP 2411 (19,639)
EURO-BTP FUTURE (EUX) EXP DEC 2426 28,503 
EURO-BTP FUTURE (EUX) EXP JUN 2426 (16,175)
EURO-BTP FUTURE (EUX) EXP SEP 2427 69,771 
EURO-BUND FUTURE (EUX) EXP DEC 2421 (4,687)
EURO-BUND FUTURE (EUX) EXP JUN 244 8,920 
EURO-BUND FUTURE (EUX) EXP SEP 2417 49,729 
EURO-BUXL 30Y BND FUTURE (EUX) EXP DEC 242 (6,083)
EURO-BUXL 30Y BND FUTURE (EUX) EXP JUN 242 (16,066)
EURO-BUXL 30Y BND FUTURE (EUX) EXP SEP 242 17,024 
EURO-OAT FUTURE (EUX) EXP DEC 241 (562)
EURO-OAT FUTURE (EUX) EXP JUN 2413 38,191 
EURO-OAT FUTURE (EUX) EXP SEP 2412 7,119 
EURO-SCHATZ FUTURE (EUX) EXP DEC 2414 1,542 
EURO-SCHATZ FUTURE (EUX) EXP JUN 2414 10,516 
EURO-SCHATZ FUTURE (EUX) EXP SEP 2414 (15,735)
GAS OIL FUTURE (ICE) EXP NOV 246 3,082 
GAS OIL FUTURE (ICE) EXP OCT 246 35,930 
GASOLINE RBOB FUTURE (NYM) EXP AUG 2412 35,426 
GASOLINE RBOB FUTURE (NYM) EXP DEC 247 (39,245)
GASOLINE RBOB FUTURE (NYM) EXP JAN 2514 (3,073)
GASOLINE RBOB FUTURE (NYM) EXP JUL 2414 105,352 
GASOLINE RBOB FUTURE (NYM) EXP MAR 254 (21,514)
GASOLINE RBOB FUTURE (NYM) EXP MAY 24 5,937 
GASOLINE RBOB FUTURE (NYM) EXP NOV 2421 70,239 
GASOLINE RBOB FUTURE (NYM) EXP OCT 2416 (87,814)
GASOLINE RBOB FUTURE (NYM) EXP SEP 244 88,184 
GLOBEX NATURL GAS FUTURE (NYM) EXP APR 24 (315)
GLOBEX NATURL GAS FUTURE (NYM) EXP AUG 2419 42,141 
GLOBEX NATURL GAS FUTURE (NYM) EXP OCT 24 (5,711)
GLOBEX NATURL GAS FUTURE (NYM) EXP SEP 2422 75,903 
GOLD 100 OZ FUTURE (CMX) EXP APR 24136 (1,714,715)
GOLD 100 OZ FUTURE (CMX) EXP AUG 24146 (600,188)
GOLD 100 OZ FUTURE (CMX) EXP DEC 24154 (2,631,342)
GOLD 100 OZ FUTURE (CMX) EXP JUN 24133 (1,470,224)
52

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
December 31, 2024
Identity of issue, borrower, lessor, or similar party, including maturity date,Proceeds of
rate of interest, collateral, par or maturity valueShares / Par ValueDispositions
GOLD 100 OZ FUTURE (CMX) EXP OCT 243 1,560 
HEATING OIL FUTURE (NYM) EXP DEC 243 (14,791)
HEATING OIL FUTURE (NYM) EXP NOV 242 (11,526)
HENRY HB BASIS (IFE) EXP FEB 2432 (600)
HENRY HB INDEX (IFE) EXP FEB 2432 61,432 
HENRY HB LD1 (IFE) EXP FEB 2432 18,400 
HENRY HB LD1 (IFE) EXP FEB 251 353 
HENRY HB LD1 (IFE) EXP FEB 272 661 
HENRY HB LD1 (IFE) EXP JAN 251 353 
HENRY HB LD1 (IFE) EXP JAN 272 661 
HENRY HB LD1 (IFE) EXP MAR 251 353 
HENRY HB LD1 (IFE) EXP MAR 272 661 
HENRY HB LD1 FUT (IFE) EXP APR 251 353 
HENRY HB LD1 FUT (IFE) EXP APR 272 661 
HENRY HB LD1 FUT (IFE) EXP DEC 251 353 
HENRY HB LD1 FUT (IFE) EXP DEC 272 661 
HENRY HB LD1 FUT (IFE) EXP MAY 251 353 
HENRY HB LD1 FUT (IFE) EXP MAY 272 661 
HENRY HB LD1 FUT (IFE) EXP NOV 251 353 
HENRY HB LD1 FUT (IFE) EXP NOV 272 661 
HENRY HB LD1 FUT (IFE) EXP OCT 251 353 
HENRY HB LD1 FUT (IFE) EXP OCT 272 661 
HENRY HUB LD1 FUT (IFE) EXP AUG 251 353 
HENRY HUB LD1 FUT (IFE) EXP AUG 272 661 
HENRY HUB LD1 FUT (IFE) EXP JUL 251 353 
HENRY HUB LD1 FUT (IFE) EXP JUL 272 661 
HENRY HUB LD1 FUT (IFE) EXP JUN 251 353 
HENRY HUB LD1 FUT (IFE) EXP JUN 272 661 
HENRY HUB LD1 FUT (IFE) EXP SEP 251 353 
HENRY HUB LD1 FUT (IFE) EXP SEP 272 661 
IRON ORE 62% (SGX) EXP JAN 2521 (25,435)
IRON ORE 62% (SGX) EXP JUL 2441 32,525 
IRON ORE 62% (SGX) EXP MAY 2447 (100,655)
IRON ORE 62% (SGX) EXP NOV 2424 15,120 
IRON ORE 62% (SGX) EXP SEP 247 (15,920)
IRS. P MYR-KLIBOR 3M R 3.75% 2029 SEP 181,830,000 1,850 
IRS. P MYR-KLIBOR 3M R 3.84% 2029 APR 161,580,000 1,513 
IRS. P MYR-KLIBOR 3M R 3.84% 2029 APR 17820,000 785 
IRS. R MYR-KLIBOR 3M P 3.5% 2029 SEP 185,200,000 810 
IRS. R MYR-KLIBOR 3M P 3.75% 2034 SEP 183,220,000 1,828 
IRS._P MYR-KLIBOR 3M R 3.84% 2029 APR 161,580,000  
IRS._P MYR-KLIBOR 3M R 3.84% 2029 APR 17820,000  
IRS._R MYR-KLIBOR 3M P 3.5% 2029 SEP 189,730,000 (7,113)
IRS._R MYR-KLIBOR 3M P 3.75% 2034 SEP 183,570,000 (931)
JETCIFNWE VS BNT1S FUTURE (ICE) EXP JUL 241 6,088 
JETCIFNWE VS BNT1S FUTURE (ICE) EXP SEP 241 7,170 
JETCIFNWE VS BNT1S FUTURE (ISF) EXP DEC 231 138 
JETCIFNWE VS BNT1S FUTURE (ISF) EXP DEC 24 5,860 
JETCIFNWE VS BNTLS FUTURE (ICE) EXP AUG 241 8,834 
JPN 10Y BOND FUTURE (OSE) EXP DEC 241 132 
JPN 10Y BOND FUTURE (OSE) EXP JUN 243 (31,399)
JPN 10Y BOND FUTURE (OSE) EXP SEP 242 (14,294)
KC HRW WHEAT FUTURE (CBT) EXP DEC 2477 (180,900)
KC HRW WHEAT FUTURE (CBT) EXP MAY 2411 (25,657)
KC HRW WHEAT FUTURE (CBT) EXP SEP 242 (11,470)
LEAD FUTURE (LME) EXP JAN 241 (24,945)
53

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
December 31, 2024
Identity of issue, borrower, lessor, or similar party, including maturity date,Proceeds of
rate of interest, collateral, par or maturity valueShares / Par ValueDispositions
LEAD FUTURE (LME) EXP JAN 2510 (61)
LEAD FUTURE (LME) EXP JUL 246 (22,227)
LEAD FUTURE (LME) EXP MAY 242 (22,062)
LEAD FUTURE (LME) EXP NOV 2414 11,164 
LEAD FUTURE (LME) EXP SEP 247 28,133 
LEAN HOGS FUTURE (CME) EXP AUG 2429 91,535 
LEAN HOGS FUTURE (CME) EXP DEC 2429 (112,146)
LEAN HOGS FUTURE (CME) EXP JUL 2425 65,161 
LEAN HOGS FUTURE (CME) EXP JUN 2412 (31,409)
LEAN HOGS FUTURE (CME) EXP OCT 2421 3,361 
LIVE CATTLE FUTURE (CME) EXP AUG 2421 64,792 
LIVE CATTLE FUTURE (CME) EXP DEC 2416 53,181 
LIVE CATTLE FUTURE (CME) EXP JUN 248 (24,208)
LIVE CATTLE FUTURE (CME) EXP OCT 2410 (11,013)
LONG GILT FUTURE (ICF) EXP DEC 2412 61,421 
LONG GILT FUTURE (ICF) EXP JUN 2424 33,164 
LONG GILT FUTURE (ICF) EXP SEP 2425 (51,061)
LOSULGO1 VS BNT1S FUTURE (ISF) EXP DEC 231 (127)
LOSULGO1 VS BNT1ST FUTURE (ICE) EXP AUG 241 (6,931)
LOSULGO1 VS BNT1ST FUTURE (ICE) EXP JUL 241 (4,895)
LOSULGO1 VS BNT1ST FUTURE (ICE) EXP SEP 241 (5,140)
LOSULGO1 VS BNT1ST FUTURE (ISF) EXP DEC 24 (4,530)
LOW SU GASOIL G FUTURE (ICE) EXP APR 241 585 
LOW SU GASOIL G FUTURE (ICE) EXP AUG 248 (20,548)
LOW SU GASOIL G FUTURE (ICE) EXP JAN 256 17,290 
LOW SU GASOIL G FUTURE (ICE) EXP JUL 244 (8,275)
LOW SU GASOIL G FUTURE (ICE) EXP MAY 248 919 
MT BELV PROP 5 DE FUTURE (NYM) EXP ARP 2412 13,608 
MT BELV PROP 5 DE FUTURE (NYM) EXP JUN 246 (11,750)
MT BELV PROP 5 DE FUTURE (NYM) EXP MAR 246 (27,615)
MT BELV PROP 5 DE FUTURE (NYM) EXP MAY 24 35,346 
NAT GAS EUR FUTURE (NYM) AUG 24 PUT AUG 24 002.550 ED 07/26/247 (38,088)
NAT GAS EUR FUTURE (NYM) AUG 24 PUT AUG 24 02.50 ED 07/26/243 (14,823)
NAT GAS EUR FUTURE (NYM) SEP 24 PUT AUG 24 002.200 ED 08/27/243 (8,880)
NAT GAS EUR FUTURE (NYM) SEP 24 PUT AUG 24 002.350 ED 08/27/243 (13,380)
NAT GAS EUR FUTURE (NYM) SEP 24 PUT AUG 24 002.400 ED 08/27/243 (14,880)
NAT GAS EUR FUTURE (NYM) SEP 24 PUT AUG 24 002.450 ED 08/27/243 (16,380)
NAT GAS EUR FUTURE (NYM) SEP 24 PUT AUG 24 002.550 ED 08/27/243 (19,380)
NAT GAS EUR FUTURE (NYM) SEP 24 PUT AUG 24 002.600 ED 08/27/243 (20,880)
NAT GAS EUR FUTURE AUG 24 PUT AUG 24 02.25 ED 07/26/2410 (24,412)
NAT GAS EUR FUTURE SEP 24 PUT SEP 24 02.50 ED 08/27/244 (23,840)
NAT GAS FUTURE (ICE) EXP APR 245 5,291 
NAT GAS FUTURE (ICE) EXP AUG 2410 (1,494)
NAT GAS FUTURE (ICE) EXP DEC 2410 5,956 
NAT GAS FUTURE (ICE) EXP FEB 2510 (14,222)
NAT GAS FUTURE (ICE) EXP JUL 245 6,707 
NAT GAS FUTURE (ICE) EXP JUN 245 9,001 
NAT GAS FUTURE (ICE) EXP MAY 245 (16,159)
NAT GAS FUTURE (ICE) EXP NOV 2410 (14,301)
NAT GAS FUTURE (ICE) EXP OCT 245 5,751 
NATURAL GAS FUTURE (NYM) EXP AUG 248 (24,498)
NATURAL GAS FUTURE (NYM) EXP JUN 2435 67,861 
NATURAL GAS FUTURE (NYM) EXP NOV 245 13,404 
NATURAL GAS FUTURE (NYM) EXP SEP 2485 411,736 
NICKEL FUTURE (LME) EXP JAN 243 11,246 
NICKEL FUTURE (LME) EXP JAN 255 (43)
54

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
December 31, 2024
Identity of issue, borrower, lessor, or similar party, including maturity date,Proceeds of
rate of interest, collateral, par or maturity valueShares / Par ValueDispositions
NICKEL FUTURE (LME) EXP JUL 244 53,253 
NICKEL FUTURE (LME) EXP MAY 241 (7,629)
NICKEL FUTURE (LME) EXP NOV 241 (24,268)
NICKEL FUTURE (LME) EXP SEP 245 (45,878)
NY HARB ULSD FUTURE (NYM) EXP JAN 2514 (5,315)
NY HARB ULSD FUTURE (NYM) EXP JUL 2411 1,164 
NY HARB ULSD FUTURE (NYM) EXP MAY 2413 (42,468)
NY HARB ULSD FUTURE (NYM) EXP SEP 241 20,687 
PALLADIUM FUTURE (NYM) EXP DEC 242 (37,575)
PALLADIUM FUTURE (NYM) EXP JUN 241 (6,547)
PALLADIUM FUTURE (NYM) EXP SEP 243 (2,096)
PLATINUM FUTURE (NYM) EXP APR 243 112 
PLATINUM FUTURE (NYM) EXP JAN 251 (16,426)
PLATINUM FUTURE (NYM) EXP JUL 243 (6,166)
PLATINUM FUTURE (NYM) EXP OCT 243 (26,744)
PRI ALUMINUM FUTURE (LME) EXP JUL 2418 (93,739)
PRI ALUMINUM FUTURE (LME) EXP MAY 2416 1,968 
PRI ALUMINUM FUTURE (LME) EXP NOV 2424 (76,757)
PRI ALUMINUM FUTURE (LME) EXP SEP 2412 81,074 
SILVER FUTURE (CMX) EXP DEC 241 52,753 
SILVER FUTURE (CMX) EXP JUL 248 24,055 
SILVER FUTURE (CMX) EXP MAY 241 2,162 
SILVER FUTURE (CMX) EXP SEP 248 43,078 
SINGM92U VS BR1STL FUTURE (ISF) EXP DEC 243 4,050 
SINGM92U VS BR1STL FUTURE (ISF) EXP JAN 252 4,670 
SINGM92U VS BR1STL FUTURE (ISF) EXP NOV 242 2,178 
SINGM92U VS BR1STL FUTURE (ISF) EXP OCT 241 2,100 
SNG KEROS V SNG GAJAN25 EXP JAN 256 9,790 
SNG KEROS VS SNG GASOIL EXP DEC 246 (2,584)
SNG KEROS VS SNG GASOIL EXP NOV 249 4,618 
SNG KEROS VS SNG GASOIL EXP OCT 242 380 
SOYBEAN FUTURE (CBT) EXP JAN 259 47,621 
SOYBEAN FUTURE (CBT) EXP MAY 2412 (33,322)
SOYBEAN MEAL FUTURE (CBT) EXP DEC 2467 (315,626)
SOYBEAN MEAL FUTURE (CBT) EXP JAN 2556 (148,732)
SOYBEAN MEAL FUTURE (CBT) EXP MAY 2441 (88,554)
SOYBEAN OIL FUTURE (CBT) EXP DEC 2429 22,861 
SOYBEAN OIL FUTURE (CBT) EXP JAN 2532 (39,332)
SOYBEAN OIL FUTURE (CBT) EXP MAY 244 1,223 
SUGAR #11 WORLD FUTURE (NYB) EXP OCT 2420 27,742 
TTF NAT GAS F FUTURE (EDX) EXP DEC 243 5,364 
TTF NAT GAS F FUTURE (EDX) EXP JAN 256 (13,800)
TTF NAT GAS F FUTURE (EDX) EXP NOV 243 5,364 
TTF NAT GAS F FUTURE (EDX) EXP OCT 242 (3,424)
UK NATURAL GAS FU FUTURE (ICE) EXP JAN 255 12,777 
US 10YR NOTE FUTURE (CBT) EXP JUN 2465 (21,119)
US 10YR NOTE FUTURE (CBT) EXP SEP 2418 173,950 
US 10YR NOTE FUTURE (CBT) SEP 24 CALL SEP 24 112.50 ED 08/23/246 (3)
US 10YR NOTE FUTURE JUN 24 CALL JUN 24 109.750 ED 05/24/242 (17)
US 10YR NOTE FUTURE JUN 24 PUT JUN 24 108.250 ED 05/24/242 (17)
US 10YR TREAS NTS FUTURE (CBT) EXP DEC 2464 (476,378)
US 10YR ULTRA FUTURE (CBT) EXP DEC 2421 88,774 
US 10YR ULTRA FUTURE (CBT) EXP JUN 2414 21,819 
US 10YR ULTRA FUTURE (CBT) EXP SEP 2417 (80,749)
US 2YR NOTE FUTURE (CBT) EXP JUN 24218 (302,986)
US 2YR NOTE FUTURE (CBT) EXP SEP 24301 646,003 
55

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4i – Schedule of Assets (Acquired and Disposed of Within Year)
December 31, 2024
Identity of issue, borrower, lessor, or similar party, including maturity date,Proceeds of
rate of interest, collateral, par or maturity valueShares / Par ValueDispositions
US 2YR TREAS NTS FUTURE (CBT) EXP DEC 24291 (654,110)
US 5YR NOTE FUTURE (CBT) EXP JUN 2497 (85,430)
US 5YR NOTE FUTURE (CBT) EXP SEP 2474 23,478 
US 5YR TREAS NTS FUTURE (CBT) EXP DEC 2487 (100,143)
US LONG BOND FUTURE (CBT) EXP JUN 2462 69,081 
US TREAS BD FUTURE (CBT) EXP DEC 2455 355,425 
US TREAS BD FUTURE (CBT) EXP SEP 2463 (404,331)
US ULTRA BOND FUTURE (CBT) EXP DEC 2421 101,660 
US ULTRA BOND FUTURE (CBT) EXP JUN 2412 (12,070)
US ULTRA BOND FUTURE (CBT) EXP SEP 2421 (2,143)
WHEAT FUTURE (CBT) EXP DEC 2466 81,666 
WHEAT FUTURE (CBT) EXP MAY 2412 (17,926)
WHEAT FUTURE (CBT) EXP SEP 2431 123,642 
WTI CRUDE FUTURE (ICE) EXP JAN 251 (2,521)
WTI CRUDE FUTURE (NYM) DEC 24 PUT NOV 24 070.000 ED 11/15/2417 60,348 
WTI CRUDE FUTURE (NYM) EXP JUN 2625 16,922 
WTI CRUDE FUTURE (NYM) JUL 24 CALL JUN 24 091.500 ED 06/14/242 (124)
WTI CRUDE FUTURE (NYM) JUL 24 CALL JUN 24 092.000 ED 06/14/244 (208)
WTI CRUDE FUTURE (NYM) JUL 24 CALL JUN 24 094.000 ED 06/14/242 (84)
WTI CRUDE FUTURE (NYM) JUN 24 CALL MAY 24 083.000 ED 05/16/243 (6,548)
WTI CRUDE FUTURE APR 24 CALL APR 24 80.00 ED 03/15/248 (6,054)
WTI CRUDE FUTURE JUN 24 CALL JUN 24 86.00 ED 05/16/242 (2,545)
ZINC FUTURE (LME) EXP JAN 243 (4,894)
ZINC FUTURE (LME) EXP JAN 255 (31)
ZINC FUTURE (LME) EXP JUL 24 (8,114)
ZINC FUTURE (LME) EXP MAY 243 4,868 
ZINC FUTURE (LME) EXP NOV 243 (10,106)
ZINC FUTURE (LME) EXP SEP 241 (4,752)
Total Derivatives$(5,993,449)
Total Acquired and Disposed of Within the Year$14,502,860,339 
Note: Par value is reflected in the underlying currency of the security, where applicable.


56

THE GOLDMAN SACHS 401(k) PLAN
Schedule H, Line 4j – Schedule of Reportable Transactions
December 31, 2024
Identity of issue, borrower, lessor or
similar party
Purchase priceNumber of transactions (purchases)Selling priceNumber of transactions (sales)CostCurrent value
of asset on transaction date
Net gain or (loss)
Series of Transactions
DREYFUS INS RSRV PR MONEY 6546$  $1,305,937,360 1,683 $1,305,937,360 $1,305,937,360 $ 
DREYFUS INS RSRV PR MONEY 6546$1,333,725,032 1,621 $  $ $1,333,725,032 $ 

57


SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the Administrative Committee (or other persons who administer the employee benefit plan) has duly caused the annual report to be signed on its behalf by the undersigned hereunto duly authorized.
                            THE GOLDMAN SACHS 401(k) PLAN
                            Members of the Administrative Committee
                            By: /s/ Nita Birla                        
                            Name: Nita Birla
                            By: /s/ Katie Gulasey                    
                            Name: Katie Gulasey
                            By: /s/ Doug Naumann                    
                            Name: Doug Naumann
Date: June 12, 2025




INDEX TO EXHIBITS
Exhibit No.Description