| EBP, Reconciliation of Financial Statement to Form 5500 |
The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500:
| | | | | | | | | | | | | December 31, | | 2025 | | 2024 | | | | | | Net assets available for benefits per the financial statements | $ | 772,663,345 | | | $ | 708,862,985 | | | | | | Add: Excess contributions payable at end of year | 28,816 | | | 44,284 | | | | | | | Less: Amounts allocated to withdrawing participants at end of year | — | | | (31,880) | | | | | | | Less: Deemed distributions - defaulted loans at end of year | (12,080) | | | (16,512) | | | | | | Net assets available for benefits per the Form 5500 | $ | 772,680,081 | | | $ | 708,858,877 |
The following is a reconciliation of contributions received from participants per the financial statements to the Form 5500:
| | | | | | | | | | | December 31, | | | 2025 | | | | | Contributions received from participants per the financial statements | | $ | 34,406,723 | | | | | | Add: Excess contributions payable at end of year | | 28,816 | | | | | | Contributions received from participants per the Form 5500 | | $ | 34,435,539 | |
The following is a reconciliation of benefits paid to participants per the financial statements to the Form 5500:
| | | | | | | December 31, | | 2025 | | | | Benefits paid to participants per the financial statements | $ | 82,616,180 | | | | | Less: Deemed distributions - defaulted loans at beginning of year | (16,512) | | | | | Less: Amounts allocated to withdrawing participants at beginning of year | (31,880) | | | | | | | | Benefits paid to participants per the Form 5500 | $ | 82,567,788 | |
The following is a reconciliation of the net increase in net assets available for benefits per the financial statements to the Form 5500:
| | | | | | | December 31, | | 2025 | | | | Net increase in net assets available for benefits per the financial statements | $ | 63,800,360 | | | | | Add: Excess contributions payable at end of year | 28,816 | | | | | Add: Amounts allocated to withdrawing participants at beginning of year | 31,880 | | | | Add: Deemed distributions - defaulted loans at beginning of year | 16,512 | | | | | Less: Excess contributions payable at beginning of year | (44,284) | | | | | | | | Less: Deemed distributions - defaulted loans at end of year | (12,080) | | | | | Net increase in net assets available for benefits per the Form 5500 | $ | 63,821,204 | |
|