| Investments Measured at Fair Value and NAV |
Investments measured at fair value on a recurring basis consisted of the following types of instruments as of December 31, 2025 (Level 1, 2 and 3 inputs are defined above): | | | | | | | | | | | | | | | | Fair Value Measurements
Using Input Type | | | Level 1 | Level 2 | Level 3 | Total | | Mutual Funds | $ | 281,328,957 | | $ | — | | $ | — | | $ | 281,328,957 | | | | | | | | Common Stock Fund | — | | 71,263,125 | | — | | 71,263,125 | | | Investments measured at fair value | 281,328,957 | | 71,263,125 | | — | | 352,592,082 | | | | | | | | Pooled Separate Accounts | — | | — | | — | | 353,650,053 | | | Common Collective Trusts | — | | — | | — | | 32 | | | Investments measured at net unit value | — | | — | | — | | 353,650,085 | | | | | | | | Total investments | $ | 281,328,957 | | $ | 71,263,125 | | $ | — | | $ | 706,242,167 | |
Investments measured at fair value on a recurring basis consisted of the following types of instruments as of December 31, 2024 (Level 1, 2 and 3 inputs are defined above): | | | | | | | | | | | | | | | | Fair Value Measurements
Using Input Type | | | Level 1 | Level 2 | Level 3 | Total | | Mutual Funds | $ | 481,424,959 | | $ | — | | $ | — | | $ | 481,424,959 | | | | | | | | Common Stock Fund | — | | 64,357,403 | | — | | 64,357,403 | | | Investments measured at fair value | 481,424,959 | | 64,357,403 | | — | | 545,782,362 | | | | | | | | Pooled Separate Accounts | — | | — | | — | | 12,591,257 | | | Common Collective Trusts | — | | — | | — | | 73,732,134 | | | Investments measured at net unit value | — | | — | | — | | 86,323,391 | | | | | | | | Total investments | $ | 481,424,959 | | $ | 64,357,403 | | $ | — | | $ | 632,105,753 | |
The following table summarizes investments for which fair value is measured using net unit value per share practical expedient as of December 31, 2025 and 2024, respectively. There are no participant redemption restrictions for these investments; the redemption notice period is applicable only to the Plan.
| | | | | | | | | | | | | | | | December 31, 2025 | | Fair Value | Unfunded Commitments | Redemption Frequency (if currently eligible) | Redemption Notice Period | | Pooled Separate Accounts | $ | 353,650,053 | | None | Daily | 12 months | | Common Collective Trust | $ | 32 | | None | Daily | 12 months | | | | | | | December 31, 2024 | | Fair Value | Unfunded Commitments | Redemption Frequency (if currently eligible) | Redemption Notice Period | | Pooled Separate Accounts | $ | 12,591,257 | | None | Daily | 12 months | | Common Collective Trust | $ | 73,732,134 | | None | Daily | 12 months |
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