| Summary of the Plan's Investments at Fair Value |
The following tables set forth, by level within the fair value hierarchy, the Plan’s investments at fair value as of December 31, 2025 and 2024:
|
|
|
|
|
|
|
|
|
2025 |
|
|
|
|
|
|
Common stock |
|
$ |
9,135,740 |
|
|
$ |
9,135,740 |
|
Mutual funds |
|
|
301,499,178 |
|
|
|
301,499,178 |
|
|
|
|
|
|
|
|
|
|
Total investments in the fair value hierarchy |
|
|
310,634,918 |
|
|
|
310,634,918 |
|
Common collective trusts and commingled pools measured at NAV* |
|
|
197,868,479 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
508,503,397 |
|
|
$ |
310,634,918 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
|
|
|
Common stock |
|
$ |
6,416,551 |
|
|
$ |
6,416,551 |
|
Mutual funds |
|
|
336,994,237 |
|
|
|
336,994,237 |
|
|
|
|
|
|
|
|
|
|
Total investments in the fair value hierarchy |
|
|
343,410,788 |
|
|
|
343,410,788 |
|
Common collective trust measured at NAV* |
|
|
109,667,124 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
453,077,912 |
|
|
$ |
343,410,788 |
|
|
|
|
|
|
|
|
|
|
| * |
Certain investments that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value to the amounts presented in the statements of net assets available for benefits. | Fair value of investments, other than Level 1, in certain entities that calculate net asset value per share (or its equivalent) follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value at: |
|
|
|
|
Unfunded
Commitments |
|
|
Redemption
Frequency |
|
|
Redemption
Notice Period |
|
December 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common collective trusts |
|
$ |
106,295,583 |
|
|
|
N/A |
|
|
|
Immediate |
|
|
|
90-days |
|
Commingled pools |
|
|
91,572,896 |
|
|
|
N/A |
|
|
|
Immediate |
|
|
|
30-days |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
197,868,479 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common collective trust |
|
$ |
109,667,124 |
|
|
|
N/A |
|
|
|
Immediate |
|
|
|
90-days |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|