| Schedule of fair values of investments |
| Schedule of fair values of investments | |
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| | | |
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Fair Value Measurements as of December 31, 2025: |
| | |
Fair Value | |
Level 1 | |
Level 2 | |
Level 3 |
| Common stock | |
$ | 179,582,037 | | |
$ | 179,582,037 | | |
$ | – | | |
$ | – | |
| Mutual funds | |
| 53,542,108 | | |
| 53,542,108 | | |
| – | | |
| – | |
| Money market funds | |
| 12,491,023 | | |
| 12,491,023 | | |
| – | | |
| – | |
| Total assets in the fair value hierarchy | |
| 245,615,168 | | |
| 245,615,168 | | |
| – | | |
| – | |
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| | | |
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| Investments measured at net asset value (a) | |
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| Commingled funds | |
| 6,944,172,080 | | |
| – | | |
| – | | |
| – | |
| Collective trust | |
| 2,147,126,132 | | |
| – | | |
| – | | |
| – | |
| Private equity funds | |
| 367,692 | | |
| – | | |
| – | | |
| – | |
| Total investments at fair value | |
$ | 9,337,281,072 | | |
$ | 245,615,168 | | |
$ | – | | |
$ | – | |
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Fair Value Measurements as of December 31, 2024: |
| | |
Fair Value | |
Level 1 | |
Level 2 | |
Level 3 |
| Common stock | |
$ | 139,748,329 | | |
$ | 139,748,329 | | |
$ | – | | |
$ | – | |
| Mutual funds | |
| 54,792,389 | | |
| 54,792,389 | | |
| – | | |
| – | |
| Money market funds | |
| 18,400,867 | | |
| 18,400,867 | | |
| – | | |
| – | |
| Total assets in the fair value hierarchy | |
| 212,941,585 | | |
| 212,941,585 | | |
| – | | |
| – | |
| | |
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Investments measured at net asset value (a) | |
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| Commingled funds | |
| 5,889,523,103 | | |
| – | | |
| – | | |
| – | |
| Collective trust | |
| 2,231,373,871 | | |
| – | | |
| – | | |
| – | |
| Private equity funds | |
| 804,851 | | |
| – | | |
| – | | |
| – | |
| Total investments at fair value | |
$ | 8,334,643,410 | | |
$ | 212,941,585 | | |
$ | – | | |
$ | – | |
(a)
In accordance with Subtopic 820-10, collective trusts, private equity funds, and commingled funds that were measured at net asset value
per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are
intended to permit reconciliation of the fair value hierarchy to the line items presented in the statement of net assets available for
benefits.
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