v3.26.1
Reconciliation of Financial Statements to the Form 5500
12 Months Ended
Dec. 31, 2025
EBP 002  
EBP, Reconciliation of Financial Statement to Form 5500 [Line Items]  
Reconciliation of Financial Statements to the Form 5500

Note 6 – Reconciliation of Financial Statements to the Form 5500

 

The following is a reconciliation of net assets available for benefits per the financial statements at December 31, 2025 and 2024 to the Form 5500:

 

 

December 31,

 

 

2025

 

2024

 

Net assets available for benefits per the financial

 

 

 

 

   statements

$

300,123,379

 

$

238,159,731

 

Less: Amount allocated to withdrawing participants

 

-

 

 

(33,516

)

Net assets available for benefits per Form 5500

$

300,123,379

 

$

238,126,215

 

 

The following is a reconciliation of benefits paid to participants per the financial statements for the year ended December 31, 2025 to the Form 5500:

 

 

For the year ended

 

 

December 31, 2025

 

Benefits paid to participants per the financial statements

$

33,022,830

 

Add: Amounts allocated to withdrawing participants at December 31, 2025

 

-

 

Less: Amounts allocated to withdrawing participants at December 31, 2024

 

(33,516

)

Benefits paid to participants per the Form 5500

$

32,989,314

 

 

Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit claims that have been processed and approved for payment prior to year-end, but not yet paid as of that date.