| Reconciliation to Form 5500 |
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 Form 5500: | | | | | | | | | | | | | 2025 | | 2024 | | | | | | Net assets available for benefits per the financial statements | $ | 9,975,341,566 | | | $ | 8,791,057,024 | | | Amounts allocated to withdrawing participants | (2,350,926) | | | (290,735) | | | Deemed distributions adjustment | (142,688) | | | (179,644) | | | Net assets available for benefits per Form 5500, Schedule H | $ | 9,972,847,952 | | | $ | 8,790,586,645 | |
The following is a reconciliation the change in net assets available for benefits per the financial statements to net income per the Form 5500 for the year ended December 31, 2025: | | | | | | | 2025 | | | | Net increase in net assets available for benefits per financial statements | $ | 1,184,284,542 | | | Amounts allocated to withdrawing participants in 2025 | (2,350,926) | | | Amounts allocated to withdrawing participants in 2024 | 290,735 | | | Current year deemed distributions | (142,688) | | | Prior year deemed distributions | 179,644 | | | | Net increase in net assets available for benefits
per Form 5500, Schedule H | $ | 1,182,261,307 | | | |
The following is a reconciliation of benefits paid to participants per the financial statements for the year ended December 31, 2025 to Form 5500: | | | | | | | 2025 | | | | Benefits paid to participants per the financial statements | $ | 823,948,086 | | | Amounts allocated to withdrawing participants at December 31, 2025 | 2,350,926 | | | Amounts allocated to withdrawing participants at December 31, 2024 | (290,735) | | | Benefits paid to participants per Form 5500, Schedule H (2e, 2g) | $ | 826,008,277 | |
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