The following table sets forth by level within the fair value hierarchy the fair value of the Plan’s investments.


	Investments at Fair Value as of December 31, 2025
	Level 1		Level 2		Level 3		Total
Mutual funds	$	192,794,319	$	—	$	—	$	192,794,319
Pooled separate accounts	85,803,178		—		—		85,803,178
Newmark Fund (a)	10,853,909		—		—		10,853,909
Common/collective trust funds	3,395,362						3,395,362
Total investments	$	292,846,768	$	—	$	—	$	292,846,768


	Investments at Fair Value as of December 31, 2024
	Level 1		Level 2		Level 3		Total
Mutual funds	$	132,794,056	$	—	$	—	$	132,794,056
Pooled separate accounts	83,818,635		—		—		83,818,635
Newmark Fund (a)	7,582,090		—		—		7,582,090
Total investments	$	224,194,781	$	—	$	—	$	224,194,781

(a) See Note 1—“Description of Plan” for more information about the Newmark Fund.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Tabular disclosure of fair value of investment held by employee stock purchase, saving, or similar plan (employee benefit plan (EBP)), including, but not limited to, fair value measured at net asset value per share as practical expedient (NAV).

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