| Summary of Fair Value Hierarchy of Plan's Assets and Fair Value of Investments Measured at Net Asset Value as Practical Expedient |
The following tables set forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2025 and 2024: Assets at fair value as of December 31, 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurement Unit |
|
|
|
Fair value |
|
|
Quoted prices in active markets for identical assets |
|
|
Significant other observable inputs |
|
|
Significant unobservable inputs |
|
|
|
12/31/2025 |
|
|
(Level 1) |
|
|
(Level 2) |
|
|
(Level 3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mutual funds |
|
$ |
5,124,246 |
|
|
$ |
5,124,246 |
|
|
$ |
— |
|
|
$ |
— |
|
McGrath RentCorp Unitized Stock Fund: |
|
|
|
|
|
|
|
|
|
|
|
|
McGrath RentCorp Common Stock |
|
|
24,299,502 |
|
|
|
24,299,502 |
|
|
— |
|
|
— |
|
Money Market Mutual Fund |
|
|
314,896 |
|
|
|
314,896 |
|
|
— |
|
|
— |
|
Brokerage accounts |
|
|
10,530,126 |
|
|
|
10,530,126 |
|
|
— |
|
|
— |
|
Total assets held in fair value hierarchy |
|
|
40,268,770 |
|
|
$ |
40,268,770 |
|
|
$ |
- |
|
|
$ |
— |
|
Collective investment trusts at NAV |
|
|
101,391,370 |
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
141,660,140 |
|
|
|
|
|
|
|
|
|
|
Assets at fair value as of December 31, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurement Unit |
|
|
|
Fair value |
|
|
Quoted prices in active markets for identical assets |
|
|
Significant other observable inputs |
|
|
Significant unobservable inputs |
|
|
|
12/31/2024 |
|
|
(Level 1) |
|
|
(Level 2) |
|
|
(Level 3) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Mutual funds |
|
$ |
3,945,197 |
|
|
$ |
3,945,197 |
|
|
$ |
— |
|
|
$ |
— |
|
McGrath RentCorp Unitized Stock Fund: |
|
|
|
|
|
|
|
|
|
|
|
|
McGrath RentCorp Common Stock |
|
|
26,105,823 |
|
|
|
26,105,823 |
|
|
— |
|
|
— |
|
Money Market Mutual Fund |
* |
|
535,032 |
|
|
|
535,032 |
|
|
— |
|
|
— |
|
Brokerage accounts |
|
|
8,817,301 |
|
|
|
8,817,301 |
|
|
— |
|
|
— |
|
Total assets held in fair value hierarchy |
|
|
39,403,353 |
|
|
$ |
39,403,353 |
|
|
$ |
- |
|
|
$ |
— |
|
Collective investment trusts at NAV |
|
|
90,094,068 |
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
129,497,421 |
|
|
|
|
|
|
|
|
|
|
* Prior year amounts have been reclassified to reflect the Money Market Fund as a Level 1 investment rather than Level 2. The following table presents the Plan’s investments with a reported NAV as a practical expedient at December 31, 2025 and 2024:
|
|
|
|
|
|
|
|
|
|
|
2025 |
|
|
2024 |
|
Collective investment trust: |
|
|
|
|
|
|
T Rowe Price Target-date Retirement Funds |
|
|
|
|
|
|
Fair value |
|
$ |
46,375,326 |
|
|
$ |
43,564,550 |
|
Unfunded commitment |
|
— |
|
|
— |
|
Redemption frequency (if currently eligible) |
|
Daily |
|
|
Daily |
|
Redemption notice period |
|
Daily |
|
|
Daily |
|
Northern Trust |
|
|
|
|
|
|
Fair value |
|
$ |
22,306,164 |
|
|
$ |
18,257,353 |
|
Unfunded commitment |
|
— |
|
|
— |
|
Redemption frequency (if currently eligible) |
|
Daily |
|
|
Daily |
|
Redemption notice period |
|
Daily |
|
|
Daily |
|
MFS Series Trust Fund |
|
|
|
|
|
|
Fair value |
|
$ |
9,993,042 |
|
|
$ |
8,702,060 |
|
Unfunded commitment |
|
— |
|
|
— |
|
Redemption frequency (if currently eligible) |
|
Daily |
|
|
Daily |
|
Redemption notice period |
|
Daily |
|
|
Daily |
|
Harbor Capital Appreciation |
|
|
|
|
|
|
Fair value |
|
$ |
9,205,584 |
|
|
$ |
7,459,147 |
|
Unfunded commitment |
|
— |
|
|
— |
|
Redemption frequency (if currently eligible) |
|
Daily |
|
|
Daily |
|
Redemption notice period |
|
Daily |
|
|
Daily |
|
Fidelity Institutional Asset Management |
|
|
|
|
|
|
Fair value |
|
$ |
4,676,794 |
|
|
$ |
4,000,818 |
|
Unfunded commitment |
|
— |
|
|
— |
|
Redemption frequency (if currently eligible) |
|
Daily |
|
|
Daily |
|
Redemption notice period |
|
Daily |
|
|
Daily |
|
Galliard Stable Return Fund E |
|
|
|
|
|
|
Fair value |
|
$ |
3,302,226 |
|
|
$ |
3,204,410 |
|
Unfunded commitment |
|
— |
|
|
— |
|
Redemption frequency (if currently eligible) |
|
Daily |
|
|
Daily |
|
Redemption notice period |
|
Daily |
|
|
Daily |
|
Metlife |
|
|
|
|
|
|
Fair value |
|
$ |
3,034,648 |
|
|
$ |
3,090,373 |
|
Unfunded commitment |
|
— |
|
|
— |
|
Redemption frequency (if currently eligible) |
|
Daily |
|
|
Daily |
|
Redemption notice period |
|
60 Day |
|
|
60 Day |
|
Great Gray Trust Company, LLC |
|
|
|
|
|
|
Fair value |
|
$ |
2,497,586 |
|
|
$ |
1,815,357 |
|
Unfunded commitment |
|
— |
|
|
— |
|
Redemption frequency (if currently eligible) |
|
Daily |
|
|
Daily |
|
Redemption notice period |
|
Daily |
|
|
Daily |
|
|