The following are reconciliations of the Plan’s interest in the Master Trust and Master Trust A and the net assets available for benefits per the financial statements to the Form 5500 for the years ended December 31, 2025 and 2024, respectively (in thousands of dollars):
| | | | | | | | | | | 2025 | | Plan’s interest in the Master Trust at fair value | | $ | 834,255 | | | Plan’s interest in the Master Trust for fully benefit-responsive investment contracts at contract value | | 129,627 | | | | 963,882 | | Adjustment from contract value to fair value for fully benefit-responsive investment contracts | | (5,275) | | | Plan’s interest in the Master Trust at fair value per the Form 5500 | | $ | 958,607 | |
| | | | | | | | | | | 2024 | | Plan’s interest in Master Trust A at fair value | | $ | 348,056 | | | Plan’s interest in Master Trust A for fully benefit-responsive investment contracts at contract value | | 154,479 | | | | 502,535 | | Adjustment from contract value to fair value for fully benefit-responsive investment contracts | | (10,833) | | | Plan’s interest in Master Trust A at fair value per the Form 5500 | | $ | 491,702 | |
| | | | | | | | | | | | | | | | | 2025 | | 2024 | | Net assets available for benefits per the financial statements | | $ | 1,003,944 | | | $ | 962,097 | | Adjustment from contract value to fair value for fully benefit-responsive investment contracts | | (5,275) | | | (10,833) | | | Net assets available for benefits per the Form 5500 | | $ | 998,669 | | | $ | 951,264 | |
The following is a reconciliation of the change in net assets available for benefits per the financial statements to the Form 5500 for the year ended December 31, 2025 (in thousands of dollars): | | | | | | | | 2025 | | Change in net assets available for benefits per the financial statements | $ | 41,847 | | | Adjustment for the net change in contract value of fully benefit-responsive investment contracts | 5,558 | | | Change in net assets available for benefits per the Form 5500 | $ | 47,405 | |
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