v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2025
EBP 005  
EBP, Investment, Fair Value and NAV [Line Items]  
Schedule of instruments measured at fair value
The following tables summarize instruments measured at fair value on a recurring basis for the Plan:
Quoted Market Prices in Active Markets for Identical AssetsOther Significant Observable InputsSignificant Unobservable Inputs
(Level 1)(Level 2)(Level 3)Total
As of December 31, 2025
Mutual funds$164,774,799 — — $164,774,799 
NJR stock45,665,473 — — 45,665,473 
Total assets in the fair value hierarchy$210,440,272 — — 210,440,272 
Investments measured at net asset value (1)
181,620,522 
Total investments at fair value$392,060,794 
As of December 31, 2024
Mutual funds$277,341,351 — — $277,341,351 
NJR stock51,886,667 — — 51,886,667 
Total assets in the fair value hierarchy$329,228,018 — — 329,228,018 
Investments measured at net asset value (1)
26,907,369 
Total investments at fair value$356,135,387 
(1)    Certain investments that were measured at net asset value 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.
The following table summarizes investments for which fair value is measured using NAV per share practical expedient as of December 31, 2025 and 2024, respectively. There are no participant redemption restrictions for these investments; the redemption notice period is applicable only to the Plan.
Fair ValueUnfunded CommitmentsRedemption Frequency (if Currently Eligible)Redemption Notice Period
As of December 31, 2025
Stable Value Fund$25,246,758 n/aDaily12 months
Retirement Year Funds$156,373,764 n/aDailyDaily
As of December 31, 2024
Stable Value Fund$26,907,369 n/aDaily12 months