| Fair Value of Plan Investments |
The following represents the fair value of Plan investments at December 31, 2025 and 2024: | | | | | | | | | | | | | | | | | 2025 | | 2024 | | Cash and cash equivalents | | $ | 382 | | | $ | 394 | | | | | | | | Equity securities | | 4,068,928 | | | 3,460,935 | | | Common/Collective funds | | 5,249,674 | | | 4,638,894 | | | Self-directed brokerage account | | 331,278 | | | 269,785 | | | | | | | | Total Plan investments at fair value | | $ | 9,650,262 | | | $ | 8,370,008 | |
The following is a summary of Plan investments measured at fair value on a recurring basis at December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | Quoted Prices
In Active
Markets
(Level 1) | | Significant Other
Observable
Inputs
(Level 2) | | Significant
Unobservable
Inputs
(Level 3) | | Cash and cash equivalents | | $ | 382 | | | $ | 382 | | | $ | — | | | $ | — | | | | | | | | | | | | Equity securities | | 4,068,928 | | | 4,068,928 | | | — | | | — | | | Self-directed brokerage account | | 331,278 | | | 331,278 | | | — | | | — | | | Total Plan investments in the fair value hierarchy | | 4,400,588 | | | $ | 4,400,588 | | | $ | — | | | $ | — | | Plan investments measured at net asset value (a) | | 5,249,674 | | | | | | | | | Plan investments at fair value | | $ | 9,650,262 | | | | | | | |
The following is a summary of Plan investments measured at fair value on a recurring basis at December 31, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | | Quoted Prices
In Active
Markets
(Level 1) | | Significant Other
Observable
Inputs
(Level 2) | | Significant
Unobservable
Inputs
(Level 3) | | Cash and cash equivalents | | $ | 394 | | | $ | 394 | | | $ | — | | | $ | — | | | | | | | | | | | | Equity securities | | 3,460,935 | | | 3,460,935 | | | — | | | — | | | Self-directed brokerage account | | 269,785 | | | 269,785 | | | — | | | — | | | Total Plan investments in the fair value hierarchy | | 3,731,114 | | | $ | 3,731,114 | | | $ | — | | | $ | — | | Plan investments measured at net asset value (a) | | 4,638,894 | | | | | | | | | Plan investments at fair value | | $ | 8,370,008 | | | | | | | | | (a) Plan investments measured at net asset value per share (or its equivalent) as a practical expedient to fair value have not been classified in the fair value hierarchy. These amounts are being presented in the tables above to permit reconciliation of the fair value hierarchy to the amounts presented in the Statement of Net Assets Available for Benefits. |
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