| RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500 |
RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500 The following is a reconciliation of net assets available for benefits according to the financial statements to Form 5500: | | | | | | | | | | | | | | | | | December 31, | | | 2025 | | 2024 | | Net assets available for benefits per the financial statements | | $ | 483,496,040 | | | $ | 374,558,338 | | | Notes receivable from participants deemed distributed, end of year | | (22,000) | | | (73,503) | | | | | | | | Amounts allocated to excess contributions | | — | | | 910 | | | Net assets available for benefits per Form 5500 | | $ | 483,474,040 | | | $ | 374,485,745 | |
The following is a reconciliation of contributions made to the Plan according to the financial statements to Form 5500: | | | | | | | | | | | | | | | | | December 31, | | | 2025 | | 2024 | | Contributions per the financial statements | | $ | 39,636,816 | | | $ | 30,756,780 | | | Amounts allocated to excess contributions | | — | | | 910 | | | Contributions per Form 5500 | | $ | 39,636,816 | | | $ | 30,757,690 | |
The following is a reconciliation of benefit payments paid to the participants according to the financial statements to Form 5500: | | | | | | | | | | | | | December 31, | | 2025 | | 2024 | | Benefit payments per the financial statements | $ | 60,664,611 | | | $ | 50,086,460 | | | Notes receivable deemed distributed, beginning of year | (73,503) | | | (129,638) | | | Notes receivable deemed distributed, end of year | 22,000 | | | 73,503 | | | Amounts allocated to withdrawing participants, beginning of year | — | | | (1,079) | | | | | | | Amounts allocated to excess contributions | 910 | | | 177 | | | Benefit payments per Form 5500 | $ | 60,614,018 | | | $ | 50,029,423 | |
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