v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2025
EBP 007  
EBP, Investment, Fair Value and NAV [Line Items]  
EBP, Investment, Fair Value and NAV
The following table provides the assets carried at fair value measured on a recurring basis as of December 31, 2025:
Level 1Level 2Level 3Total
Shares of registered investment companies$179,297,837 $— $— $179,297,837 
Common collective trust (1)— — — 3,582,040 
Employer securities1,902,650 — — 1,902,650 
Cash equivalents4,413,121 — — 4,413,121 
Total assets at fair value$185,613,608 $— $— $189,195,648 
The following table provides the assets carried at fair value measured on a recurring basis as of December 31, 2024:
Level 1Level 2Level 3Total
Shares of registered investment companies$161,335,162 $— $— $161,335,162 
Common collective trust (1)— — — 4,211,546 
Employer securities2,486,444 — — 2,486,444 
Cash equivalents4,685,217 — — 4,685,217 
Total assets at fair value$168,506,823 $— $— $172,718,369 

NOTE (1): In accordance with FASB ASC 820-10, certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the statements of net assets available for benefits.

The following table summarizes investments measured at fair value based on NAV per share 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 ValueUnfunded CommitmentsRedemption Frequency (if currently eligible)Redemption Notice Period
Common collective trust$3,582,040 N/ADaily12 months
December 31, 2024
Fair ValueUnfunded CommitmentsRedemption Frequency (if currently eligible)Redemption Notice Period
Common collective trust$4,211,546 N/ADaily12 months