
(in thousands)	March 29, 2026		December 28, 2025
Cash collateral held by insurance carriers	$	7,708	$	7,681
Cash and cash equivalents held in Trust	11,684		11,424
Investments held in Trust	64,616		70,601

Company-owned life insurance policies	44,432		46,477
Other restricted cash and cash equivalents	789		405
Total restricted cash, cash equivalents and investments	$	129,229	$	136,588

Restricted cash, cash equivalents and investments include collateral that has been provided or pledged to insurance carriers for workers’ compensation and state workers’ compensation programs. Our insurance carriers and certain state workers’ compensation programs require us to collateralize a portion of our workers’ compensation obligation. The collateral typically takes the form of cash and cash equivalents and highly rated investment grade securities, primarily in debt and asset-backed securities. The majority of our collateral obligations are held in a trust at the Bank of New York Mellon (“Trust”).

The amortized cost and estimated fair value of each of our held-to-maturity investments held in Trust, aggregated by investment category as of March 29, 2026 and December 28, 2025, were as follows:


	March 29, 2026
(in thousands)	Amortized cost		Gross unrealized gains		Gross unrealized losses		Fair value
Municipal debt securities	$	5,799	$	—	$	(2)	$	5,797
Corporate debt securities	42,527		235		(104)		42,658
Agency mortgage-backed securities	4,564		30		—		4,594
U.S. government and agency securities	11,726		—		(46)		11,680
Total held-to-maturity investments	$	64,616	$	265	$	(152)	$	64,729


	December 28, 2025
(in thousands)	Amortized cost		Gross unrealized gains		Gross unrealized losses		Fair value
Municipal debt securities	$	7,840	$	1	$	(5)	$	7,836
Corporate debt securities	49,967		519		(152)		50,334
Agency mortgage-backed securities	4,815		58		—		4,873
U.S. government and agency securities	7,979		1		(7)		7,973
Total held-to-maturity investments	$	70,601	$	579	$	(164)	$	71,016


	March 29, 2026
(in thousands)	Amortized cost		Fair value
Due in one year or less	$	36,587	$	36,545
Due after one year through five years	28,029		28,184


Total held-to-maturity investments	$	64,616	$	64,729

Actual maturities may differ from contractual maturities because the issuers of certain debt securities have the right to call or prepay their obligations without penalty. We have no significant concentrations of counterparties in our held-to-maturity investment portfolio.

We hold company-owned life insurance policies to support our deferred compensation liability. Unrealized gains and losses related to investments still held at March 29, 2026 and March 30, 2025, which are included in selling, general and administrative (“SG&A”) expense on our Consolidated Statements of Operations and Comprehensive Income (Loss), were as follows: