| The following tables set forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31: |
The following tables set forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of
December 31:
| | |
Assets at fair value as of December 31, 2025 |
| | |
Level 1 | |
Level 2 | |
Level 3 | |
Total |
| | |
| |
| |
| |
|
| Mutual Funds | |
$ | 119,109,654 | | |
$ | — | | |
$ | — | | |
$ | 119,109,654 | |
| Stock Fund: | |
| | | |
| | | |
| | | |
| | |
| Money Market Fund | |
| — | | |
| 1,833 | | |
| — | | |
| 1,833 | |
| Common Stock | |
| 19,548,496 | | |
| — | | |
| — | | |
| 19,548,496 | |
| | |
| | | |
| | | |
| | | |
| | |
| | |
$ | 138,658,150 | | |
$ | 1,833 | | |
$ | — | | |
| 138,659,983 | |
Investment measured at NAV (a) | |
| | | |
| | | |
| | | |
| 2,686,215 | |
| | |
| | | |
| | | |
| | | |
| | |
| Total investments, at fair value | |
| | | |
| | | |
| | | |
$ | 141,346,198 | |
| | |
Assets at fair value as of December 31, 2024 |
| | |
Level 1 | |
Level 2 | |
Level 3 | |
Total |
| | |
| |
| |
| |
|
| Mutual Funds | |
$ | 99,819,921 | | |
$ | — | | |
$ | — | | |
$ | 99,819,921 | |
| Stock Fund: | |
| | | |
| | | |
| | | |
| | |
| Money Market Fund | |
| — | | |
| 1,596 | | |
| — | | |
| 1,596 | |
| Common Stock | |
| 16,962,446 | | |
| — | | |
| — | | |
| 16,962,446 | |
| | |
| | | |
| | | |
| | | |
| | |
| | |
$ | 116,782,367 | | |
$ | 1,596 | | |
$ | — | | |
| 116,783,963 | |
Investment measured at NAV (a) | |
| | | |
| | | |
| | | |
| 2,230,650 | |
| | |
| | | |
| | | |
| | | |
| | |
| Total investments, at fair value | |
| | | |
| | | |
| | | |
$ | 119,014,613 | |
| (a) | | In accordance with Accounting Standards Codification (ASC) Subtopic 820-10, Fair Value
Measurement, certain investments that are measured at fair value using the NAV per share (or its equivalent) practical expedient
have not been classified in the fair value hierarchy. The fair value amounts presented in these tables are intended to permit reconciliation
of the fair value hierarchy to the amounts presented in the statements of net assets available for benefits. |
Investments Measured Using the NAV per Share as a Practical Expedient:
The following table summarizes investments for which fair value is measured using the NAV per share practical expedient as of December
31, 2025 and 2024. There are no participant redemption restrictions for these investments; the redemption notice period is applicable
only to the Plan.
|
|
Fair value December 31, 2025 |
|
Fair value December 31, 2024 |
|
Unfunded commitments |
|
Redemption frequency |
|
Redemption
notice period |
|
|
|
|
|
|
|
|
|
|
|
Collective trust |
$2,686,215 |
|
$2,230,650 |
|
N/A |
|
See below |
|
See below |
|
|
|
|
|
|
|
|
|
|
|
|