| Schedule of Reconciliation to Form 5500 |
The following is a reconciliation of net assets available for benefits per the financial statements at December 31, 2025 and 2024 to the Form 5500: | | | | | | | | | | | | | 2025 | | 2024 | | Net assets available for benefits per the financial statements | $ | 3,489,897,500 | | | $ | 3,449,667,918 | | | Amounts allocated to withdrawing participants | (5,288,379) | | | (962,718) | | | Loan balances considered deemed distributions | (189,874) | | | (224,607) | | | Adjustment from contract value to fair value for fully benefit-responsive investment contracts held in Master Trust | (19,228,483) | | | (38,176,474) | | | Net assets available for benefits per the Form 5500 | $ | 3,465,190,764 | | | $ | 3,410,304,119 | |
The following is a reconciliation of notes receivable from participants per the financial statements at December 31, 2025 and 2024 to notes receivable from participants per the Form 5500: | | | | | | | | | | | | | 2025 | | 2024 | | Notes receivable from participants per the financial statements | $ | 41,531,662 | | | $ | 46,352,576 | | | Loan balances considered deemed distributions | (189,874) | | | (224,607) | | | Notes receivable from participants per the Form 5500 | $ | 41,341,788 | | | $ | 46,127,969 | |
The following is a reconciliation of total additions (reductions) per the financial statements to total income per the Form 5500 for the year ended December 31, 2025: | | | | | | | 2025 | | Total additions per the financial statements | $ | 681,474,789 | | | 2025 adjustment from contract value to fair value for fully benefit-responsive investment contracts held in Master Trust | (19,228,483) | | | 2024 adjustment from contract value to fair value for fully benefit-responsive investment contracts held in Master Trust | 38,176,474 | | | Total income per the Form 5500 | $ | 700,422,780 | |
The following is a reconciliation of total deductions per the financial statements to total expenses per the Form 5500 for the year ended December 31, 2025: | | | | | | | 2025 | | Total deductions per the financial statements | $ | 641,245,207 | | | Amounts allocated to withdrawing participants at December 31, 2025 | 5,288,379 | | | Amounts allocated to withdrawing participants at December 31, 2024 | (962,718) | | | Current year cumulative deemed distributions | 189,874 | | | Prior year cumulative deemed distributions | (224,607) | | | Total expenses per the Form 5500 | $ | 645,536,135 | |
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