| Summary of Plan"s Investments measured at Fair Value on Recurring Basis |
The following table sets forth by level within the fair value hierarchy a summary of the Plan’s investments measured at fair value on a recurring basis as of December 31, 2025.
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Fair Value Measurements as of
December 31, 2025, Using |
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Active Markets
for Identical
Assets
(Level 1) |
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Other
Observable
Inputs
(Level 2) |
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Significant
Unobservable
Inputs
(Level 3) |
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Total |
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Berkshire Fund: |
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Common stock |
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$ |
55,038,164 |
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$ |
— |
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$ |
— |
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$ |
55,038,164 |
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Money market fund |
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2,269,633 |
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— |
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— |
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2,269,633 |
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Total Berkshire Fund |
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57,307,797 |
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— |
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— |
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57,307,797 |
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Mutual funds |
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406,756,794 |
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— |
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— |
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406,756,794 |
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Total |
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$ |
464,064,591 |
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$ |
— |
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$ |
— |
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$ |
464,064,591 |
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Investments measured at NAV: |
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Collective trust funds |
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677,085,896 |
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Total investments |
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$ |
1,141,150,487 |
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The following table sets forth by level within the fair value hierarchy a summary of the Plan’s investments measured at fair value on a recurring basis as of December 31, 2024.
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Fair Value Measurements as of
December 31, 2024, Using |
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Active Markets
for Identical
Assets
(Level 1) |
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Other
Observable
Inputs
(Level 2) |
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Significant
Unobservable
Inputs
(Level 3) |
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Total |
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Berkshire Fund: |
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Common stock |
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$ |
51,687,972 |
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$ |
— |
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$ |
— |
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$ |
51,687,972 |
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Money market fund |
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2,238,600 |
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— |
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— |
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2,238,600 |
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Total Berkshire Fund |
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53,926,572 |
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— |
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— |
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53,926,572 |
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Mutual funds |
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355,157,312 |
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— |
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— |
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355,157,312 |
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Total |
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$ |
409,083,884 |
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$ |
— |
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$ |
— |
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$ |
409,083,884 |
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Investments measured at NAV: |
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Collective trust funds |
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612,982,020 |
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Total investments |
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$ |
1,022,065,904 |
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| Summary of Plan Investments with Reported NAV |
The following tables for December 31, 2025 and 2024, set forth a summary of the Plan investments with a reported NAV.
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Fair Value |
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Redemption
Frequency |
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Redemption
Notice Period |
2025 |
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Collective trust funds |
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$ |
677,085,896 |
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Immediate |
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None |
2024 |
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Collective trust funds |
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$ |
612,982,020 |
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Immediate |
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None |
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