Categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Below is a summary of assets measured at fair value on a recurring basis and assets measured at net asset value:


			Fair Value Measurement
Total Investments	December 31, 2025		Level 1		Level 2		Level 3
Common Collective Trust Funds (1)	$	1,000,596,721	$	—	$	—	$	—
Employer Securities	60,790,842		60,790,842		—		—
Mutual Funds	150,313,636		150,313,636		—		—
Self-Directed Brokerage Account	5,380,583		5,380,583		—		—
Total	$	1,217,081,782	$	216,485,061	$	—	$	—


			Fair Value Measurement
Total Investments	December 31, 2024		Level 1		Level 2		Level 3
Common Collective Trust Funds (1)	$	845,820,377	$	—	$	—	$	—
Employer Securities	63,740,012		63,740,012		—		—
Mutual Funds	123,628,937		123,628,937		—		—
Self-Directed Brokerage Account	1,776,536		1,776,536		—		—
Total	$	1,034,965,862	$	189,145,485	$	—	$	—

(1)The fair value of each common collective trust fund has been estimated using the net asset value of the investment as a practical expedient.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

- Definition

Tabular disclosure of fair value of investment held by employee stock purchase, saving, or similar plan (employee benefit plan (EBP)), including, but not limited to, fair value measured at net asset value per share as practical expedient (NAV).

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+ Details