v3.26.1
Employee Benefit Plan, Schedule, Asset Held for Investment (Tables)
 12 Months Ended
Dec. 31, 2025
EBP 001  
EBP, Schedule of Asset Held for Investment [Line Items]  
EBP, Schedule of Asset Held for Investment
HEADWATER COMPANIES, LLC 401(K) PLAN
FORM 5500, SCHEDULE H, PART IV, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
AS OF DECEMBER 31, 2025

Name of plan sponsor: Headwater Companies, LLC
Employer identification number: 20-0319914
Three-digit plan number: 001
Identity of Issue, Borrower, Lessor or Similar PartyDescription of Investment, Including Maturity Date, Rate of Interest, Collateral, Par or Maturity ValueCost**Current Value
(a)(b)(c)(d)(e)
*Franklin Electric Co., Inc.Common Stock$1,317,543 
Allianz Life Insurance Company of North AmericaLife Insurance Policies7,842 
Genworth Life and AnnuityLife Insurance Policies2,817 
Collective funds:
BlackRock Inst Trust CoBlackRock Total Return Bond L Fund791,182 
InvescoStable Value Trust1,119,539 
Loomis Sayles Trust CompanyLarge Cap Growth Trust D Fund5,666,606 
Metropolitan Life Insurance CoStable Value Trust183,287 
Pacific Investment Management CompanyDiversified Real Asset Collective Trust170,238 
State Street Global AdvisorsInternational Equity Index Fund678,081 
State Street Global AdvisorsS&P 500 Index Fund3,011,593 
State Street Global AdvisorsRussell Small/Mid Cap Index Fund1,181,264 
State Street Global AdvisorsUS Bond Index Securities Lending Series114,142 
Target date funds:
State Street Global AdvisorsState Street Target Retirement Income VI Fund2,533,007 
State Street Global AdvisorsState Street Target Retirement 2025 VI Fund8,079,441 
State Street Global AdvisorsState Street Target Retirement 2030 VI Fund8,906,878 
State Street Global AdvisorsState Street Target Retirement 2035 VI Fund6,728,618 
State Street Global AdvisorsState Street Target Retirement 2040 VI Fund5,987,573 
State Street Global AdvisorsState Street Target Retirement 2045 VI Fund6,922,619 
State Street Global AdvisorsState Street Target Retirement 2050 VI Fund3,831,384 
State Street Global AdvisorsState Street Target Retirement 2055 VI Fund2,892,043 
State Street Global AdvisorsState Street Target Retirement 2060 VI Fund1,788,123 
State Street Global AdvisorsState Street Target Retirement 2065 VI Fund481,867 
State Street Global AdvisorsState Street Target Retirement 2070 VI Fund8,415 
Investments in shares of registered investment companies:
Capital Research and Management CoEuroPacific Growth Fund929,648 
Dimensional Fund AdvisorsSmall Cap Value Fund386,931 
MeridianGrowth Institutional Fund386,947 
T. Rowe Price Associates, Inc.Large Cap Value Fund1,162,660 
*Various participants
Notes receivable (maturing 2026 to 2040 at interest rates of 4.25% to 9.50%)
—1,027,314 
$66,297,602 
*Party-in-interest.    
**Cost information is not required for participant directed investments and, therefore, is not included.