| Summary of Fair Value Hierarchy of Plan's Assets and Fair Value of Investments Measured at Net Asset Value Per Share as Practical Expedient |
The following tables set forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2025 and 2024.
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Assets at Fair Value as of December 31, 2025 |
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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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Assets |
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Mutual funds |
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$ |
102,786,085 |
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$ |
- |
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$ |
- |
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$ |
102,786,085 |
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Common stock of Plan Sponsor |
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3,224,733 |
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- |
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- |
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3,224,733 |
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Total assets in the fair value hierarchy |
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106,010,818 |
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- |
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- |
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106,010,818 |
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Investments measured at net asset value |
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- |
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- |
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- |
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13,779,113 |
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Total investments, at fair value |
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$ |
106,010,818 |
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$ |
- |
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$ |
- |
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$ |
119,789,931 |
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Assets at Fair Value as of December 31, 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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Assets |
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Mutual funds |
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$ |
97,002,628 |
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$ |
- |
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$ |
- |
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$ |
97,002,628 |
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Common stock of Plan Sponsor |
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5,203,906 |
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- |
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- |
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5,203,906 |
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Total assets in the fair value hierarchy |
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102,206,534 |
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- |
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- |
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102,206,534 |
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Investment measured at net asset value |
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- |
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- |
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- |
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4,894,309 |
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Total investments, at fair value |
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$ |
102,206,534 |
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$ |
- |
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$ |
- |
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$ |
107,100,843 |
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The following tables summarize investments for which fair value is measured using the net asset value per share practical expedient as of December 31, 2025 and 2024. There are no participant redemption restrictions for these investments; the redemption notice period is applicable only to the Plan.
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Redemption |
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Frequency (If |
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December 31, |
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Unfunded |
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Currently |
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Redemption |
2025 |
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Fair Value |
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Commitments |
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Eligible) |
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Notice Period |
Collective investment trusts |
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$ |
13,779,113 |
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n/a |
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Daily |
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12 months |
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Redemption |
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Frequency (If |
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December 31, |
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Unfunded |
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Currently |
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Redemption |
2024 |
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Fair Value |
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Commitments |
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Eligible) |
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Notice Period |
Collective investment trusts |
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$ |
4,894,309 |
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n/a |
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Daily |
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12 months |
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