v3.26.1
Investments
 12 Months Ended
Dec. 31, 2025
EBP 002  
EBP, Investment, Fair Value and NAV [Line Items]  
Investments

5. Investments

 

The Plan’s investment assets recorded at fair value have been categorized based upon a fair value hierarchy, as described in Note 2. The following tables set forth by level, within the fair value hierarchy, information about the Plan's assets measured at fair value as of December 31, 2025 and 2024:

 

Assets at Fair Value as of December 31, 2025

 

 

   Level 1

           Total

Mutual funds

  $ 109,720,978

 $ 109,720,978

Self-directed brokerage account

6,780,406

6,780,406

Common stock

1,118,158

1,118,158

Collective trusts measured at NAV

---

41,180,152

Total investments

  $ 117,619,542

    $ 158,799,694

 

 

Assets at Fair Value as of December 31, 2024

 

 

   Level 1

           Total

Mutual funds

  $ 103,727,606

 $ 103,727,606

Self-directed brokerage account

5,670,436

5,670,436

Common stock

1,320,419

1,320,419

Collective trust measured at NAV

---

39,870,700

Total investments

  $ 110,718,461

     $150,589,161

 

 

 

 

 

 

The following table summarizes investments measured at fair value based on NAV per share as of December 31, 2025 and 2024, respectively.

 

 

 

 

Fair Value

12/31/25

 

 

Fair Value

12/31/24

 

 

Unfunded Commitments

Redemption Frequency (if currently eligible)

Redemption Notice Period

Collective trusts

$ 41,180,152

$ 39,870,700

N/A

Daily

Daily

 

Collective Trusts

 

The Plan has two collective trust investments, the Fidelity Managed Income Portfolio Fund (the "MIP”) and the Fidelity Growth Company Commingled Pool (the "Growth Co. Pool”). Under the terms of each respective investment’s Declaration of Trust, withdrawals directed by the Plan Sponsor, not the participants, must be preceded by a 12 month written notice to the MIP and a 30 day written notice to the Growth Co. Pool. These are direct filing entities.