| Summary of Employee Benefit Plan Investment in Plan Assets |
The following tables present the fair value of the Plan assets recorded at fair value on a recurring basis segregated among the appropriate levels within the fair value hierarchy as of December 31, 2025 and 2024:
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Fair Value Measurements at
December 31, 2025 |
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Description |
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Total mutual funds |
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$ |
322,719,629 |
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$ |
— |
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$ |
— |
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$ |
322,719,629 |
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Flowers Foods, Inc. Common Stock |
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18,686,309 |
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— |
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— |
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18,686,309 |
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Investments measured at net asset value (1) |
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— |
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— |
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— |
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596,054,812 |
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Total investments at fair value |
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$ |
341,405,938 |
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$ |
— |
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$ |
— |
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$ |
937,460,750 |
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Fair Value Measurements at
December 31, 2024 |
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Description |
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Total mutual funds |
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$ |
289,902,003 |
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$ |
— |
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$ |
— |
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$ |
289,902,003 |
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Flowers Foods, Inc. Common Stock |
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33,758,334 |
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— |
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— |
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33,758,334 |
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Investments measured at net asset value (1) |
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— |
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— |
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— |
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535,655,589 |
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Total investments at fair value |
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$ |
323,660,337 |
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$ |
— |
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$ |
— |
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$ |
859,315,926 |
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| (1) |
In accordance with ASC 820-10, certain investments that were measured at net asset value 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 statement of net assets available for benefits. |
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| Summary of Investments Measured at Fair Value Based on NAV |
The following table summarizes investments measured at fair value based on NAV, as practical expedient, per share as of December 31, 2025 and 2024, respectively. As of December 31, 2025:
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Name |
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Putnam Stable Value Fund |
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$ |
55,306,714 |
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N/A |
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Daily |
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30 days |
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Geneva Small Cap Growth Collective Fund C |
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13,903,219 |
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N/A |
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Daily |
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30 days |
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Harbor Capital Appreciation CIT R |
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99,726,117 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2020 Trust II |
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13,930,303 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2025 Trust II |
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46,660,667 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2030 Trust II |
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77,449,021 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2035 Trust II |
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66,948,237 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2040 Trust II |
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50,684,801 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2045 Trust II |
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45,407,219 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2050 Trust II |
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49,481,970 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2055 Trust II |
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40,792,173 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2060 Trust II |
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21,559,964 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2065 Trust II |
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8,480,133 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement Inc Trust II |
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3,771,366 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2070 Trust II |
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1,952,908 |
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N/A |
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Daily |
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30 days |
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$ |
596,054,812 |
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| As of December 31, 2024:
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Name |
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Putnam Stable Value Fund |
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$ |
56,346,493 |
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N/A |
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Daily |
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30 days |
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Geneva Small Cap Growth Collective Fund C |
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16,954,975 |
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N/A |
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Daily |
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30 days |
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Harbor Capital Appreciation CIT 4 |
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1 |
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N/A |
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Daily |
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30 days |
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Harbor Capital Appreciation CIT R |
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95,125,412 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2020 Trust II |
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15,478,517 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2025 Trust II |
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47,214,981 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2030 Trust II |
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72,060,031 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2035 Trust II |
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56,507,539 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2040 Trust II |
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40,972,532 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2045 Trust II |
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37,642,663 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2050 Trust II |
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38,038,323 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2055 Trust II |
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32,578,400 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2060 Trust II |
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16,052,693 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2065 Trust II |
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5,528,499 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement Inc Trust II |
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4,268,076 |
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N/A |
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Daily |
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30 days |
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Vanguard Target Retirement 2070 Trust II |
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886,454 |
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N/A |
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Daily |
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30 days |
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$ |
535,655,589 |
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