| Reconciliation of Financial Statements to Form 5500 |
Reconciliation of Financial Statements to Form 5500 The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500: | | | | | | | | | | | | | | | | | As of December 31, | | | 2025 | | 2024 | | Net assets available for benefits per the financial statements | | 2,790,173,472 | | | 2,572,782,073 | | | Amounts allocated to withdrawing participants | | (399,671) | | | (443,149) | | | | | | | | Net assets available for benefits per Form 5500 | | 2,789,773,801 | | | 2,572,338,924 | |
The following is a reconciliation of the net increase in net assets before transfer per the financial statements to the Form 5500 for the year ended December 31, 2025: | | | | | | | | | | | 2025 | | Increase in Net Assets Before Plan Transfer per the financial statements | | 157,431,637 | | | | | | Distributions allocated to withdrawing participants at end of year | | (399,671) | | | Distributions allocated to withdrawing participants at start of year | | 443,149 | | | Net income per Form 5500 | | 157,475,115 | |
The following is a reconciliation of distributions to participants per the financial statements to the Form 5500, for the year ended December 31, 2025: | | | | | | | | | | | 2025 | | Distributions to participants per the financial statements | | 336,646,514 | | | Amounts allocated to withdrawing participants at end of year | | 399,671 | | | Amounts allocated to withdrawing participants at start of year | | (443,149) | | | Total benefit payments per the Form 5500 | | 336,603,036 | |
Amounts allocated to withdrawing participants are recorded as distributions on the Form 5500 for benefit claims that have been processed and approved for payment prior to year-end but not paid as of that date.
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