v3.26.1
Master Trust for the Plan
 12 Months Ended
Dec. 31, 2025
EBP 001  
EBP, Master Trust [Line Items]  
Master Trust for the Plan Master Trust for the Plan
Net assets and total investment income of the Master Trust are allocated to the Plan based on participant balances. The Plan's interest in the
net assets of the Master Trust was approximately 94% at December 31, 2025 and 2024. This was determined by comparing the Plan's
investment in the Master Trust to total net assets in the Master Trust.
The following table summarizes the net assets of the Plan and Master Trust as of December 31, 2025 and 2024:
December 31, 2025
December 31, 2024
Plan's Portion of
Master Trust Assets
Master Trust Assets
Plan's Portion of Master
Trust Assets
Master Trust Assets
Common/collective trust funds
$2,364,197,699
$2,472,523,301
$2,081,434,266
$2,176,721,606
Mutual funds
132,666,643
141,112,300
115,644,293
123,107,773
Common stock funds
29,345,785
33,296,633
27,510,085
30,890,263
Self-directed brokerage account
66,887,110
88,070,839
56,529,976
74,619,528
Separate account funds
63,664,387
70,488,765
65,730,365
73,640,838
Cash and cash equivalents
20,925
22,364
24,578
34,172
Investments at fair value
2,656,782,549
2,805,514,202
2,346,873,563
2,479,014,180
Fully benefit-responsive investment
contract at contract value
383,022,688
415,306,417
378,870,984
414,342,942
Master Trust net assets
$3,039,805,237
$3,220,820,619
$2,725,744,547
$2,893,357,122
The net investment income (loss) of the Master Trust for the years ended December 31, 2025 and 2024 was as follows:
December 31, 2025
December 31, 2024
Investment income:
Net appreciation in fair value of
investments
$409,688,079
$365,289,294
Interest and dividends
21,567,273
23,124,573
Net investment income
$431,255,352
$388,413,867