| Summary of Investments |
The following tables summarize instruments measured at fair value on a recurring basis for the Plan:
| | | | | | | | | | | | | | | | | | | | | | | | | Assets at Fair Value as of December 31, 2025 | | Level 1 | | Level 2 | | Level 3 | | Total | | | | | | | | | | Registered investment companies | $ | 118,443,016 | | | $ | — | | | $ | — | | | $ | 118,443,016 | | | Collective investment trusts | — | | | 54,018,304 | | | — | | | $ | 54,018,304 | | | Company common stock fund | 5,064,837 | | | — | | | — | | | 5,064,837 | | | | | | | | | | | Total assets in fair value hierarchy | $ | 123,507,853 | | | $ | 54,018,304 | | | $ | — | | | 177,526,157 | | | | | | | | | | | Investments measured at net asset value (a) | | | | | | | 18,360,249 | | | | | | | | | | | Investments at fair value | | | | | | | $ | 195,886,406 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Assets at Fair Value as of December 31, 2024 | | Level 1 | | Level 2 | | Level 3 | | Total | | | | | | | | | | Registered investment companies | $ | 152,859,735 | | | $ | — | | | $ | — | | | $ | 152,859,735 | | | Company common stock fund | 4,154,160 | | | — | | | — | | | 4,154,160 | | | | | | | | | | | Total assets in fair value hierarchy | $ | 157,013,895 | | | $ | — | | | $ | — | | | 157,013,895 | | | | | | | | | | | Investments measured at net asset value (a) | | | | | | | 18,643,886 | | | | | | | | | | | Investments at fair value | | | | | | | $ | 175,657,781 | |
(a)Certain collective investment trusts that were measured at net asset value ("NAV") per share (or its equivalent) have not been classified in the fair value hierarchy. The amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the Statements of Net Assets Available for Benefits. The following table summarizes investments for which fair value is measured using NAV per share practical expedient as of December 31, 2025 and 2024. There are no participant redemption restrictions for these investments; the redemption notice period is applicable only to the Plan. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | Fair Value | | Unfunded Commitments | | Redemption Frequency | | Redemption Notice Period | | Vanguard Retirement Savings Trust III | | $ | 18,360,249 | | | N/A | | Daily | | N/A | | | | | | | | | | | | December 31, 2024 | | | Fair Value | | Unfunded Commitments | | Redemption Frequency | | Redemption Notice Period | | Vanguard Retirement Savings Trust III | | $ | 18,643,886 | | | N/A | | Daily | | N/A |
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