| EBP, Investment, Fair Value and NAV |
The Plan's assets are identified as being in Level 1 and Level 2 of the fair value hierarchy, other than those using NAV as a practical expedient. The following tables set forth the Plan's assets at fair value by level within the fair value hierarchy as of December 31, 2025 and 2024:
| | | | | | | | | | | | | | | | | | | Fair Value as of December 31, 2025 | | Level 1 | | Level 2 | | Total | | Mutual funds | $ | 317,225,471 | | | $ | — | | | $ | 317,225,471 | | | Self-directed brokerage accounts | 4,872,688 | | | 413,526 | | | 5,286,214 | | | Company common stock | 2,421,295 | | | — | | | 2,421,295 | | | Total investments in hierarchy | $ | 324,519,454 | | | $ | 413,526 | | | 324,932,980 | | Investments measured at net asset value (a) | | | | | 36,833,075 | | | Total Investments, at fair value | | | | | $ | 361,766,055 | |
| | | | | | | | | | | | | | | | | | | Fair Value as of December 31, 2024 | | Level 1 | | Level 2 | | Total | | Mutual funds | $ | 268,032,204 | | | $ | — | | | $ | 268,032,204 | | | Self-directed brokerage accounts | 2,858,163 | | | 1,299,564 | | | 4,157,727 | | | Company common stock | 2,005,237 | | | — | | | 2,005,237 | | | Total investments in hierarchy | $ | 272,895,604 | | | $ | 1,299,564 | | | 274,195,168 | | Investments measured at net asset value (a) | | | | | 35,888,856 | | | Total Investments, at fair value | | | | | $ | 310,084,024 | | | | | | | | (a) Certain investments that were measured at NAV per share (or equivalent) as a practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in these tables 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 describes the investment measured at fair value based on NAV per share as a practical expedient as of December 31, 2025 and 2024. There are no participant redemption restrictions for these investments; the redemption notice period is applicable only to Plan level transactions.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Description | | Fair Value 12/31/2025 | | Fair Value 12/31/2024 | | Unfunded Commitments | | Redemption Frequency (If Currently Eligible) | | Redemption Notice Period | | Pooled separate account | | $ | 36,263,529 | | | $ | 35,367,736 | | | N/A | | Daily | | N/A | | Common collective trust | | 569,546 | | | 521,120 | | | N/A | | Daily | | 5 Days | | Investments measured at net asset value | | $ | 36,833,075 | | | $ | 35,888,856 | | | | | | | |
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