The following table sets forth by level within the fair value hierarchy the investments included in the Master Trust at fair value at December 31, 2025 and 2024. There were no Level 2 or 3 investments at December 31, 2025 and 2024. This table does not include fully benefit responsive investments at contract value in accordance with the disclosure requirements of ASC 820.


	Quoted Prices in Active Markets for Identical Assets (Level 1)
	2025		2024
ADM and other common stock	$	301,444,591	$	281,573,085
Mutual funds	199,559,176		484,280,708
Common collective trust funds	2,592,308,159		1,977,184,661
Total assets at fair value	$	3,093,311,926	$	2,743,038,454

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

- Definition

Tabular disclosure of fair value of investment held by employee stock purchase, saving, or similar plan (employee benefit plan (EBP)), including, but not limited to, fair value measured at net asset value per share as practical expedient (NAV).

+ References

+ Details