The following is a reconciliation of net assets available for benefits per the financial statements, as of December 31, to the Form 5500: | | | | | | | | | | | | | (in thousands) | 2025 | | 2024 | | Net assets available for benefits per the financial statements | $ | 6,386,710 | | | $ | 5,757,075 | | | Deemed distributions of participant loans | (100) | | | (37) | | | Adjustments from contract value to fair value for fully benefit-responsive contracts | (5,416) | | | (13,107) | | | Net assets available for benefits per Form 5500 | $ | 6,381,194 | | | $ | 5,743,931 | |
The following is a reconciliation of total additions per the financial statements to total additions per the Form 5500 for the year ended December 31: | | | | | | | (in thousands) | 2025 | | Total additions per the financial statements | $ | 1,122,282 | | Adjustment from contract value to fair value for fully-benefit responsive investment contracts at December 31, 2025 | (5,416) | | Adjustment from contract value to fair value for fully benefit-responsive investment contracts at December 31, 2024 | 13,107 | | | Total additions per Form 5500 | $ | 1,129,973 | |
The following is a reconciliation of total deductions per the financial statements to total deductions per the Form 5500 for the year ended December 31: | | | | | | | (in thousands) | 2025 | | Total deductions per the financial statements | $ | 492,647 | | Deemed distributions of participant loans at December 31, 2025 | 100 | | Deemed distributions of participant loans at December 31, 2024 | (37) | | | Total deductions per Form 5500 | $ | 492,710 | |
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