v3.26.1
Master Trust (Tables)
 12 Months Ended
Dec. 31, 2025
EBP 001  
EBP, Master Trust [Line Items]  
EBP, Master Trust
The following table presents the investments in the Master Trust and the Plan's interest in the Master Trust at December 31, 2025 and 2024:
(in thousands)Master Trust BalancesPlan's Interest in Master Trust Balances
2025202420252024
Member directed investments at fair value:
   Employer securities$25,105 $23,728 $23,567 $22,296 
   Mutual funds232,968 294,887 218,778 279,816 
   Member directed brokerage account15,112 13,008 15,105 13,008 
   Collective trusts1,607,732 1,345,941 1,570,888 1,314,469 
  Total investments at fair value1,880,917 1,677,564 1,828,338 1,629,589 
Member directed investments at contract value:
   Stable value accounts91,255 96,529 85,147 90,329 
  Total investments in Master Trust$1,972,172 $1,774,093 $1,913,485 $1,719,918 
The following table presents the appreciation in fair value for the year ended December 31, 2025 for the Master Trust and the Plan's interest in the Master Trust, including gains and losses on investments bought and sold, as well as held during the year:
(in thousands)Master Trust ActivityPlan's Interest in Master Trust Activity
20252025
Realized gain on purchases and sales$25,027 $24,350 
Unrealized gain on investments held225,534 219,447 
Net appreciation in fair value of investments250,561 243,797 
Interest and Dividend income16,871 15,881 
Total investment gain of the Master Trust$267,432 $259,678