| EBP, Investment, Fair Value and NAV |
The following table sets forth by level within the fair value hierarchy the fair value of the Plan’s investments as of December 31, 2025.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Investments at Fair Value as of December 31, 2025 | | | Level 1 | | Level 2 | | Level 3 | | Total | | Mutual funds | | $ | 365,570,582 | | | $ | — | | | $ | — | | | $ | 365,570,582 | | | Exchange traded funds | | 125,486,507 | | | — | | | — | | | 125,486,507 | | Demand deposit account1 | | 11,375,641 | | | — | | | — | | | 11,375,641 | | | BGC Group Stock Portfolio (excludes cash component) | | 3,632,875 | | | — | | | — | | | 3,632,875 | | | Money Market Fund | | 88,671 | | | — | | | — | | | 88,671 | | | Total assets in the fair value hierarchy | | $ | 506,154,276 | | | $ | — | | | $ | — | | | $ | 506,154,276 | | | Investments measured at net asset value as a practical expedient: | | | | | | | | | Common collective trust2 | | | | | | | | 5,181,385 | | | Total investments at fair value | | | | | | | | $ | 511,335,661 | |
1 Valued at outstanding balance plus accrued interest, which approximates fair value. 2 Valued at the net asset value. NAV is used as a practical expedient for fair value and is provided by the investment manager.
The following table sets forth by level within the fair value hierarchy the fair value of the Plan’s investments as of December 31, 2024. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Investments at Fair Value as of December 31, 2024 | | | Level 1 | | Level 2 | | Level 3 | | Total | | Mutual funds | | $ | 306,061,063 | | | $ | — | | | $ | — | | | $ | 306,061,063 | | | Exchange traded funds | | 104,295,387 | | | — | | | — | | | 104,295,387 | | Demand deposit account1 | | 10,101,242 | | | — | | | — | | | 10,101,242 | | | BGC Group Stock Portfolio (excludes cash component) | | 9,617,335 | | | — | | | — | | | 9,617,335 | | | Total assets in the fair value hierarchy | | $ | 430,075,027 | | | $ | — | | | $ | — | | | $ | 430,075,027 | | | Investments measured at net asset value as a practical expedient: | | | | | | | | | Common collective trust2 | | | | | | | | 5,321,119 | | | Total investments at fair value | | | | | | | | $ | 435,396,146 | |
1 Valued at outstanding balance plus accrued interest, which approximate fair value. 2 Valued at the net asset value. NAV is used as a practical expedient for fair value and is provided by the investment manager.
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