v3.26.1
Master Trust for the Plan
 12 Months Ended
Dec. 31, 2025
EBP 005  
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 6% 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
$108,325,602
$2,472,523,301
$95,287,340
$2,176,721,606
Mutual funds
8,445,657
141,112,300
7,463,480
123,107,773
Common stock funds
3,950,848
33,296,633
3,380,178
30,890,263
Self-directed brokerage account
21,183,729
88,070,839
18,089,552
74,619,528
Separate account funds
6,824,378
70,488,765
7,910,473
73,640,838
Cash and cash equivalents
1,439
22,364
9,594
34,172
Investments at fair value
148,731,653
2,805,514,202
132,140,617
2,479,014,180
Fully benefit-responsive investment
contract at contract value
32,283,729
415,306,417
35,471,958
414,342,942
Master Trust net assets
$181,015,382
$3,220,820,619
$167,612,575
$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