The following reconciles net assets available for benefits per the financial statements to Form 5500 at December 31 (in thousands): | | | | | | | | | | 2025 | 2024 | | | | | Net assets available for benefits per the financial statements | $ | 18,911,236 | | $ | 17,072,320 | | | Active participants with delinquent loans | (12,343) | | (11,805) | | | Adjustment from contract value to fair value for fully | | | | benefit-responsive investment contracts held in the | | | | Master Trust through December 31, 2025 | (32,068) | | (68,766) | | | Net assets available for benefits per Form 5500 | $ | 18,866,825 | | $ | 16,991,749 | |
The following reconciles the net increase per the financial statements to Form 5500 for the year ended December 31, 2025 (in thousands):
| | | | | | | Net increase per the financial statements | $ | 1,838,916 | | | Active participants with delinquent loans for 2024 | 11,805 | | | Active participants with delinquent loans for 2025 | (12,343) | | | Adjustment from contract value to fair value for fully | | | benefit-responsive investment contracts | | | held in the Master Trust for 2024 | 68,766 | | | Adjustment from contract value to fair value for fully | | | benefit-responsive investment contracts | | | held in the Master Trust for 2025 | (32,068) | | | Net income per Form 5500 | $ | 1,875,076 | |
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