| Summary of Plan's Assets by Level, within Fair Value Hierarchy, Measured at Fair Value on Recurring Basis |
The following tables set forth the Plan's assets by level, within the fair value hierarchy, measured at fair value on a recurring basis as of December 31, 2025 and 2024.
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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December 31, 2025 |
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Mutual funds: |
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Fixed income |
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$ |
43,622,050 |
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$ |
— |
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$ |
— |
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$ |
43,622,050 |
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Equity |
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357,195,391 |
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— |
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— |
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357,195,391 |
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Employer securities |
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30,751,151 |
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— |
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— |
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30,751,151 |
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Total investments in the fair value hierarchy |
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$ |
431,568,592 |
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$ |
— |
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$ |
— |
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$ |
431,568,592 |
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Investments measured at net asset value: |
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Collective trust funds(1) |
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227,077,727 |
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Total investments at fair value |
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$ |
658,646,319 |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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December 31, 2024 |
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Mutual funds: |
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Fixed income |
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$ |
40,730,371 |
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$ |
— |
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$ |
— |
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$ |
40,730,371 |
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Equity |
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322,153,435 |
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— |
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— |
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322,153,435 |
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Employer securities |
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26,631,541 |
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— |
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— |
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26,631,541 |
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Total investments in the fair value hierarchy |
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$ |
389,515,347 |
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$ |
— |
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$ |
— |
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$ |
389,515,347 |
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Investments measured at net asset value: |
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Collective trust funds(1) |
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188,301,463 |
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Total investments at fair value |
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$ |
577,816,810 |
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(1) Certain investments that were measured using net asset value as a practical expedient 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. |
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