| Reconciliation of Financial Statements to Form 5500 |
The following is a reconciliation of net assets available for plan benefits per the financial statements to the Form 5500 at December 31, 2025 and 2024. | | | | | | | | | | | | | | | | | 2025 | | 2024 | | Net assets available for plan benefits per financial statements | | $ | 1,108,708,164 | | | $ | 994,352,018 | | | Employer contributions receivable | | (10,272,001) | | | (6,460,527) | | | Accrued administrative expenses | | 113,153 | | | 107,500 | | | Adjustment from contract value to fair value for fully-benefit responsive investment contracts | | (1,467,407) | | | (2,982,545) | | | Net assets available for plan benefits per Form 5500 | | $ | 1,097,081,909 | | | $ | 985,016,446 | |
The following is a reconciliation of the net increase in net assets available for plan benefits before Plan transfer per the financial statements to the Form 5500 for the years ended December 31, 2025 and 2024. | | | | | | | | | | | | | | | | | 2025 | | 2024 | | Net increase in net assets available for plan benefits per financial statements | | $ | 114,356,146 | | | $ | 44,373,817 | | | Prior year employer contributions receivable | | 6,460,527 | | | 9,995,343 | | | Prior year accrued administrative expenses | | (107,500) | | | (99,355) | | | Prior year adjustment from contract value to fair value for fully-benefit responsive contracts | | 2,982,545 | | | 3,255,802 | | | Current year employer contributions receivable | | (10,272,001) | | | (6,460,527) | | | Current year accrued administrative expenses | | 113,153 | | | 107,500 | | | Current year adjustment from contract value to fair value for fully-benefit responsive contracts | | (1,467,407) | | | (2,982,545) | | | Net increase in net assets available for plan benefits per Form 5500 | | $ | 112,065,463 | | | $ | 48,190,035 | |
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