v3.26.1
Guaranteed Investment Contracts Held By Master Trust (Tables)
12 Months Ended
Dec. 31, 2025
EBP 001  
EBP, Fully Benefit-Responsive Investment Contract [Line Items]  
Investments in synthetic guaranteed investment contracts
The Master Trust holds investments in synthetic guaranteed investment contracts as part of the Blended Rate Income Fund ("BRIF") investment option. The synthetic contracts, as valued by the Trustee, and corresponding credit ratings, as of December 31, were as follows:
(in thousands)
S&P Credit Rating 2025
2025
S&P Credit Rating 2024
2024
JP Morgan Chase & Co.AA-$15,773 AA-$18,902 
Nationwide Life Ins. Co.A+12,652 A+15,162 
Prudential Ins. Co. of AmericaAA-12,626 AA-15,131 
Metropolitan Life Ins. Co.AA-12,566 AA-12,627 
Massachusetts MutualAA+12,549 AA+12,606 
Transamerica Premier LifeA+12,540 A+15,028 
American General Life Ins. Co.A+12,144 A+12,731 
Pacific Life Ins. Co.AA-10,896 AA-13,058 
State Street Bank & Trust Co. - BostonAA-9,339 AA-11,192 
Short-term investment fund1,373 1,805 
All contracts$112,458 $128,242 

The yields earned by the guaranteed investment contracts were as follows:
20252024
Based on actual earnings3.87 %3.89 %
Based on interest rate credited to participants2.55 %2.12 %