| Reconciliation of Financial Statements to Form 5500 |
| 10. | Reconciliation of Financial Statements to Form 5500: |
The following
is a reconciliation of net assets available for benefits per the financial statements to the Form 5500 as of December 31, 2025 and 2024:
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| | | |
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| | |
2025 | |
2024 |
| | |
| | | |
| | |
| Net assets available for benefits per the financial statements | |
$ | 9,633,120,024 | | |
$ | 8,653,551,567 | |
| | |
| | | |
| | |
| Adjustment from contract value to fair value for fully-benefit responsive investment contracts held by the Stable Value Fund | |
$ | (4,481,543 | ) | |
$ | (9,549,223 | ) |
| | |
| | | |
| | |
| Net assets available for benefits per the Form 5500 | |
$ | 9,628,638,481 | | |
$ | 8,644,002,344 | |
The following is a reconciliation of
the change in net assets available for benefits for the year ended December 31, 2025 per the financial statements to the net income reported
in the 2025 Form 5500:
| | |
| | |
| Net increase in net assets available for benefits per financial statements | |
$ | 979,568,457 | |
| | |
| | |
| Adjustment from contract value to fair value for fully-benefit responsive investment contracts held by
the Stable Value Fund as of December 31, 2025 | |
$ | (4,481,543 | ) |
| | |
| | |
| Adjustment from contract value to fair value for fully-benefit responsive investment contracts held by the Stable Value Fund as of December 31, 2024 | |
$ | 9,549,223 | |
| | |
| | |
| Net income per Form 5500 | |
$ | 984,636,137 | |
|