| Summary of the Plan's Assets at Fair Value |
The following tables set forth the fair value hierarchy of the Plan’s assets at fair value as of December 31, 2025 and 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Assets at Fair Value as of December 31, 2025 |
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Mutual funds |
|
$ |
664,192,205 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
664,192,205 |
|
Common stock |
|
|
23,863,505 |
|
|
|
— |
|
|
|
— |
|
|
|
23,863,505 |
|
Self-directed brokerage accounts |
|
|
12,382,494 |
|
|
|
— |
|
|
|
— |
|
|
|
12,382,494 |
|
Collective trust funds* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28,514,211 |
|
Stable value fund* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25,860,529 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
700,438,204 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
754,812,944 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Assets at Fair Value as of December 31, 2024 |
|
| |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Mutual funds |
|
$ |
570,106,871 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
570,106,871 |
|
Common stock |
|
|
15,771,456 |
|
|
|
— |
|
|
|
— |
|
|
|
15,771,456 |
|
Self-directed brokerage accounts |
|
|
10,353,154 |
|
|
|
— |
|
|
|
— |
|
|
|
10,353,154 |
|
Collective trust funds* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
29,681,618 |
|
Stable value fund* |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
23,071,726 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
596,231,482 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
648,984,825 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| * |
The investments in the stable value and collective trust funds are measured at fair value using the net asset value per share as a practical expedient and have not been categorized in the fair value hierarchy. The fair value amount presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts present in the Statements of Net Assets Available for Benefits. |
|
| Summary of Employee Benefit Plan Investment At NAV |
The following table summarizes the plan’s investment in the stable value fund and collective trust funds, which uses NAV per share to measure fair value as a practical expedient for the periods presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
December 31, 2025 |
|
| |
|
Fair Value |
|
|
Unfunded
Commitments |
|
|
Redemption
Frequency |
|
|
Redemption Notice
Period |
|
Stable value common trust fund |
|
$ |
25,860,529 |
|
|
|
N/A |
|
|
|
Daily |
|
|
|
12 Months |
|
Collective trust funds |
|
$ |
28,514,211 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
December 31, 2024 |
|
| |
|
Fair Value |
|
|
Unfunded
Commitments |
|
|
Redemption
Frequency |
|
|
Redemption Notice
Period |
|
Stable value common trust fund |
|
$ |
23,071,726 |
|
|
|
N/A |
|
|
|
Daily |
|
|
|
12 Months |
|
Collective trust funds |
|
$ |
29,681,618 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|