| EBP, Investment, Fair Value and NAV |
The following tables set forth by level within the fair value hierarchy a summary of the Plan’s investments measured at fair value on a recurring basis as of December 31, 2025 and 2024. | | | | | | | | | | | | | | | | | | As of December 31, 2025 | | Level 1 | | | | | | Total | | Investments at fair value: | | | | | | | | | Cash equivalents | $ | 3,411 | | | | | | | $ | 3,411 | | | Mutual funds | 147,134,315 | | | | | | | 147,134,315 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Kimball Electronics stock fund | 2,494,557 | | | | | | | 2,494,557 | | | Total investments in the fair value hierarchy | $ | 149,632,283 | | | | | | | $ | 149,632,283 | | | | | | | | | | | Investments at net asset value: | | | | | | | | | Common collective trust fund* | | | | | | | 9,167,721 | | | | | | | | | | | Total investments at fair value | | | | | | | $ | 158,800,004 | |
| | | | | | | | | | | | | | | | | | As of December 31, 2024 | | Level 1 | | | | | | Total | | Investments at fair value: | | | | | | | | | Cash equivalents | $ | 1,039 | | | | | | | $ | 1,039 | | | Mutual funds | 139,361,178 | | | | | | | 139,361,178 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Kimball Electronics stock fund | 2,543,341 | | | | | | | 2,543,341 | | | | | | | | | | | Total investments in the fair value hierarchy | $ | 141,905,558 | | | | | | | $ | 141,905,558 | | | | | | | | | | | Investments at net asset value: | | | | | | | | | Common collective trust fund* | | | | | | | 10,380,784 | | | | | | | | | | | Total investments at fair value | | | | | | | $ | 152,286,342 | | The Plan had no level 2 or 3 assets during the years ended December 31, 2025 and 2024. | *In accordance with subtopic 820-10, certain investments that were measured at NAV per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value 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. |
|