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Leidos Holdings, Inc. 11267905000 11113429000 517826000 600404000 11785731000 11713833000 85044000 78558000 72562000 0 230000 0 157836000 78558000 11943567000 11792391000 1723610000 6660000 404271000 200132000 85567000 689970000 2420240000 2339967000 1659000 2341626000 78614000 72562000 151176000 11792391000 11943567000 Description of the Plan<div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following brief description of the Leidos, Inc. Retirement Plan (the “Plan”) is for general information purposes only. Participants should refer to the Plan document for more complete information regarding the Plan. Within these financial statements, Leidos, Inc. (the “Company”) refers to the sponsoring employer, and Leidos Holdings, Inc. (“Leidos”) refers to the publicly-traded parent of the sponsoring employer.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">GENERAL</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Plan is a defined contribution plan sponsored by the Company and is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The Plan is a defined contribution 401(k) plan with profit-sharing and employee stock ownership plan (“ESOP”) features. Contributions to the Plan from participants and the Company are held in a qualified retirement trust fund. The Leidos, Inc. Retirement Plans Committee is the Plan’s named fiduciary for purposes of Section 402(a) of ERISA.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Effective July 9, 2025, the Plan transitioned its recordkeeping and trustee services from The Vanguard Group, Inc. and Vanguard Fiduciary Trust Company ("Vanguard") to Empower Retirement, LLC and Empower Annuity Insurance Company of America ("Empower"). In connection with the transfer, all plan assets were transferred from </span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Vanguard </span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">to Empower. The transfer was completed primarily on an in-kind basis. Participant account balances were transferred based on account values as of July 9, 2025. Participant transactions were temporarily restricted during the transition period.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">INVESTMENT FUNDS</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">As of December 31, 2025 and 2024, the Plan held an interest in the Leidos, Inc. Master Trust (“Master Trust”).</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">ELIGIBILITY</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Employees of the Company and its subsidiaries that have adopted the Plan are eligible to participate in the Plan. Employees must be in an eligible fringe benefit package to be eligible to receive Company matching 401(k) contributions, profit sharing contributions, and ESOP contributions. Employees may make elective contributions and receive Company matching 401(k) contributions upon commencing employment.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">PARTICIPANT CONTRIBUTIONS</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">As defined by the Plan, participants may contribute up to </span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">100%</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> of their eligible compensation on a pre-tax basis unless designated as Roth deferrals and/or as traditional after-tax contributions, subject to statutory limitations. Participants who have attained the age of 50 before the end of the plan year are eligible to make catch-up contributions. Certain participants within their collective bargaining agreement with the Company may make an additional elective contribution that is deducted from their Cash or Deferral Agreement. Participants may also contribute amounts representing rollovers from other qualified plans. Participant contributions are invested according to participant direction into any of the available investment funds of the Plan. Participant contributions and rollovers to the Leidos Common Stock Fund are limited to a maximum </span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">50%</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> of the employee deferral or rollover, as applicable.</span></div><div style="margin-bottom:6pt;margin-top:10pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">PLAN TRANSFERS</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Effective December 31, 2025, the Kudu Dynamics 401(k) Retirement Plan merged into the Plan. In connection with the merger, assets totaling approximately $72,562,000, including participant notes receivable of $156,000 were liquidated from T. Rowe Price on December 31, 2025, transferred and accepted by Empower on January 2 and January 5, 2026, and formally settled on January 8, 2026.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">EMPLOYER CONTRIBUTIONS</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Company may make discretionary contributions, which include matching 401(k) contributions, non-elective contributions, and ESOP contributions. Effective January 1, 2025, eligible participants may receive Company matching 401(k) contributions based on a maximum percentage of </span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">100%</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">, depending on fringe level, of the first </span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">6%</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> of eligible compensation contributed to the Plan with investments directed by each participant. Prior to January 1, 2025, eligible participants were eligible to receive Company matching 401(k) contributions based on a maximum percentage of </span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">100%</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">, depending on fringe level, of the first </span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">5%</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> of eligible compensation contributed to the Plan (a maximum match of </span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">5%</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">). These matching contributions were invested according to each participant’s direction through 2024. </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Company, at its discretion, may also make additional contributions to the Plan for the benefit of non-highly compensated participants in order to comply with Section 401(k)(3) of the Internal Revenue Code. The Company made no additional contributions for the benefit of non-highly compensated participants for the year ended December 31, 2025. Matching 401(k) </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">company contributions to the Plan for the year ended December 31, 2025, were made in cash and transfers from the forfeiture account. </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">PARTICIPANT ACCOUNTS</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">In accordance with Plan provisions, individual accounts are maintained for each Plan participant. Each participant’s account is credited with the participant’s contributions, and if eligible, allocations of Company discretionary contributions. Allocations are based on participant eligible compensation, as defined in the Plan document. Participant accounts also reflect changes from investment income and losses and from distributions. The benefit to which a participant is entitled is the vested balance of his or her account.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">VESTING AND FORFEITURES</span></div><div><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Effective January 1, 2025, eligible participants who perform at least one hour of service on or after January 1, 2025, become 100% vested in all Company matching contributions, profit sharing, non-elective contributions, and ESOP contributions. Participants who terminated employment before January 1, 2025, and did not work an hour of service on or after that date are not eligible for the accelerated vesting. </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Prior to January 1, 2025, a participant’s elective deferrals and rollover contributions, together with all related earnings, vested immediately. Company contributions were vested under a graded schedule: participants earned </span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">25%</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> vesting for each of the first two calendar years in which they completed at least 850 hours of service and became fully vested after three years of vesting service, as defined by the Plan. While employed, participants also became fully vested in Company contributions upon reaching age 59½, experiencing a permanent disability, or death. Upon termination of employment, any portion of Company contributions that remained unvested was forfeited when the participant took a full distribution or after five consecutive one‑year breaks in service.</span></div><div><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Forfeitures may be applied to future Company matching 401(k) contributions, to provide reinstatement due to military leave, to increase profit sharing contributions, or to pay Plan expenses. During the year ended December 31, 2025, the Company applied forfeited non-vested amounts of approximately </span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">$3,071,000</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> primarily toward Company matching 401(k) contributions. As of December 31, 2025 and 2024, forfeited non-vested accounts available for application by the Company totaled approximately </span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">$1,658,000</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> and </span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">$744,000</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">, respectively.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">NOTES RECEIVABLE FROM PARTICIPANTS</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Participants may borrow up to </span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">50%</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> of their vested account balance, up to a maximum of </span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">$50,000</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">. Loan repayment periods may not exceed 60 months except for loans used to acquire a principal residence, in which case the repayment period may not exceed 30 years. The loans are secured by the vested account balance in the participant’s account and bear interest at a rate commensurate with local prevailing rates as determined monthly by the Plan administrator. The loans are recorded at amortized cost, which is the remaining unpaid principal balance plus any accrued but unpaid interest. Principal and interest are collected ratably through payroll deductions or through direct payments from terminated employees who have loans. Delinquent loans are reclassified as distributions based upon the terms of the Plan. As of December 31, 2025, outstanding loans bear interest at rates ranging from </span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">4.25%</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> to </span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">9.50%</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> and have maturities from January 2026 through January 2056. As of December 31, 2024, outstanding loans had interest at rates ranging from </span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">4.25%</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> to </span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">9.50%</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> and maturities from January 2025 through November 2054.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">DISTRIBUTIONS TO PARTICIPANTS</span></div><div><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Effective July 9, 2025, for vested account balances greater than $0.01 but less than $7,000, the participant’s balance will automatically be rolled over to an IRA following the close of the quarter in which the participant terminates employment. The balance will be invested in an Empower Target Date Fund, unless the participant elects a distribution within the required timeframe.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Prior to July 9, 2025, vested balances o</span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">f $1,000 or less, participants received their entire balance in a single lump sum within 16 calendar months following termination of employment with the Company. For balances over $1,000 and up to $5,000, participants elected either a cash distribution or a rollover to another eligible plan within 16 calendar months following termination. If no election was made, the balance was automatically rolled over to a Vanguard Individual Retirement Account ("IRA"). For vested balances greater than $5,000, no distribution was made unless the participant elected to receive one after terminating employment with the Company.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Regardless of the existing account balance, distributions are made to participants who die or become permanently disabled while employed by the Company. After attaining age 59-1/2, a participant may make withdrawals even if still employed by the Company. A participant may make withdrawals from the Plan to their rollover account prior to attaining age 59-1/2, after-tax account or if the participant incurs a financial hardship, as specified by the Plan. Former employees, regardless of their age, may elect to receive unlimited distributions in any given plan year, of all or a portion of their account balance.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">TAX STATUS</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Internal Revenue Service (“IRS”) has determined and informed the Company by a letter dated February 21, 2024, that the Plan was designed in accordance with the applicable requirements of the Internal Revenue Code ("IRC") and that the Plan is exempt from federal income tax under Section 501(a) of the IRC. Accordingly, no provision for income taxes has been included in the Plan’s financial statements. Although the Plan has been amended since receiving the latest determination letter, the Plan administrator and the Plan’s tax counsel believe that the Plan is designed, and is currently being operated, in compliance with the applicable requirements of the IRC in all material respects. Therefore, the Company believes that the Plan was qualified, and the related trust is tax-exempt as of the financial statement dates.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Accounting principles generally accepted in the United States of America ("GAAP") require Plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service and other taxing authorities. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">RELATED-PARTY AND PARTY-IN-INTEREST TRANSACTIONS</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Certain Plan investments were held in funds managed by affiliates of Vanguard, which served as the Plan’s trustee and record-keeper through July 8, 2025. Effective July 9, 2025, Empower was appointed as the Plan's trustee and record-keeper. These service providers qualify as party-in-interest transactions under ERISA. Fees paid to the record-keeper were approximately </span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">$1,635,000</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> for the year ended December 31, 2025. There were </span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">no</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> amounts payable to the Plan’s record-keeper as of December 31, 2025 and 2024. </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Members of the Company’s Retirement Committee are eligible to participate in the Plan. The Company pays directly any other fees related to the Plan’s operation. In addition, Charles Schwab is the custodian of selected assets, and therefore, transactions with these investments represent exempt party-in-interest transactions. </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">A portion of the Plan's assets are invested in common stock of the Company. While the holding and acquisition of employer securities is generally prohibited by ERISA, the Plan meets the exception in ERISA section 407(b), which permits the acquisition and holding of employer securities by an eligible individual account plan.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">At December 31, 2025 and 2024, Leidos Holdings, Inc. common stock held by the Master Trust was as follows:</span></div><div style="margin-top:1.9pt;padding-right:-1pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.275%"><tr><td style="width:1.0%"></td><td style="width:68.198%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.523%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Number of Shares</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,013</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,823 </span></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Cost Basis</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">368,263</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">289,536 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Fair Value</span></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">904,135</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">838,435 </span></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:130%">TERMINATION OF THE PLAN</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions and to terminate the Plan at any time subject to the provisions of ERISA. Upon termination of the Plan, the participants become 100% vested in any unvested portion of their accounts.</span></div> 1 0.50 72562000 156000 1 0.06 1 0.05 0.05 0.25 3071000 1658000 744000 0.50 50000 0.0425 0.0425 0.0950 0.0425 0.0425 0.0950 0.0950 0.01 7000 1000 1000 5000 5000 1635000 0 0 <div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">At December 31, 2025 and 2024, Leidos Holdings, Inc. common stock held by the Master Trust was as follows:</span></div><div style="margin-top:1.9pt;padding-right:-1pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.275%"><tr><td style="width:1.0%"></td><td style="width:68.198%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.523%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Number of Shares</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">5,013</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,823 </span></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Cost Basis</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">368,263</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">289,536 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Fair Value</span></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">904,135</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">838,435 </span></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div> 5013000 5823000 368263000 289536000 904135000 838435000 Significant Accounting Policies<div style="margin-bottom:6pt;margin-top:10pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">BASIS OF ACCOUNTING</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Plan’s financial statements are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. Investment transactions are accounted for on their trade dates.</span></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:3.15pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The preparation of financial statements in conformity with GAAP requires Plan management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of additions and deductions during the reporting periods. Actual results may differ from those estimates.</span></div><div style="margin-bottom:6pt;margin-top:10pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">INVESTMENT VALUATION AND INCOME RECOGNITION </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Investments are held by the Leidos, Inc. Master Trust as of December 31, 2025 and 2024, and are reported at fair value, except for fully benefit-responsive investment contracts. Fair value is the price that would have been received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As of December 31, 2025, the Master Trust held investments in Mutual Funds, Common Stock, a Self-Directed Brokerage Fund, a Separately Managed Account</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:130%">, </span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Collective Trusts, and a Stable Value Fund.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Investment income is comprised of realized gains and losses, unrealized appreciation or depreciation, interest income and dividends. Realized gains and losses on sales of investments are calculated as the difference between the fair value of the investments upon sale and the fair value of the investments at purchase. Unrealized appreciation or depreciation is calculated as the difference between the fair value of the investments at the end of the year and the fair value of the investments at the beginning of the year or at purchase if purchased during the year. Interest income is recorded on the accrual basis of accounting. Dividends are recorded on the ex-dividend date.</span></div><div style="margin-bottom:6pt;margin-top:10pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES RECEIVABLE FROM PARTICIPANTS </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Notes receivable from participants are carried at the aggregate unpaid principal balance of loans outstanding.</span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> </span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Interest income is recorded on the accrual basis. Related fees are recorded as administrative expenses and are expensed when incurred.</span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> </span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">If a participant ceases to make loan repayments and the plan administrator deems the participant loan to be in default, the participant loan balance is reduced and a benefit payment is recorded.</span></div><div style="margin-bottom:6pt;margin-top:10pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ADMINISTRATIVE EXPENSES </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Administrative expenses of the Plan are paid by the Plan sponsor or Plan participants as provided in the Plan document.</span></div><div style="margin-bottom:6pt;margin-top:10pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SUBSEQUENT EVENTS </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Plan has evaluated subsequent events through the date of this filing. Other than the events mentioned below, no significant events were identified during the period.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">On January 8, 2026, the Plan completed the settlement of Kudu Dynamics 401(k) Retirement Plan merger. The assets, liquidated from T. Rowe Price on December 31, 2025, were transferred to and accepted by Empower on January 2 and January 5, 2026, pursuant to the settlement of the Kudu Dynamics 401(k) Retirement Plan merger. See Note 1 – Description of the Plan.</span></div> <div style="margin-bottom:6pt;margin-top:10pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">BASIS OF ACCOUNTING</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Plan’s financial statements are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. Investment transactions are accounted for on their trade dates.</span></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:3.15pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The preparation of financial statements in conformity with GAAP requires Plan management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of additions and deductions during the reporting periods. Actual results may differ from those estimates.</span></div> <div style="margin-bottom:6pt;margin-top:10pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">INVESTMENT VALUATION AND INCOME RECOGNITION </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Investments are held by the Leidos, Inc. Master Trust as of December 31, 2025 and 2024, and are reported at fair value, except for fully benefit-responsive investment contracts. Fair value is the price that would have been received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As of December 31, 2025, the Master Trust held investments in Mutual Funds, Common Stock, a Self-Directed Brokerage Fund, a Separately Managed Account</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:130%">, </span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Collective Trusts, and a Stable Value Fund.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Investment income is comprised of realized gains and losses, unrealized appreciation or depreciation, interest income and dividends. Realized gains and losses on sales of investments are calculated as the difference between the fair value of the investments upon sale and the fair value of the investments at purchase. Unrealized appreciation or depreciation is calculated as the difference between the fair value of the investments at the end of the year and the fair value of the investments at the beginning of the year or at purchase if purchased during the year. Interest income is recorded on the accrual basis of accounting. Dividends are recorded on the ex-dividend date.</span></div> <div style="margin-bottom:6pt;margin-top:10pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTES RECEIVABLE FROM PARTICIPANTS </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Notes receivable from participants are carried at the aggregate unpaid principal balance of loans outstanding.</span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> </span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Interest income is recorded on the accrual basis. Related fees are recorded as administrative expenses and are expensed when incurred.</span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> </span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">If a participant ceases to make loan repayments and the plan administrator deems the participant loan to be in default, the participant loan balance is reduced and a benefit payment is recorded.</span></div> <div style="margin-bottom:6pt;margin-top:10pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">ADMINISTRATIVE EXPENSES </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Administrative expenses of the Plan are paid by the Plan sponsor or Plan participants as provided in the Plan document.</span></div> <div style="margin-bottom:6pt;margin-top:10pt"><span style="color:#901588;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SUBSEQUENT EVENTS </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Plan has evaluated subsequent events through the date of this filing. Other than the events mentioned below, no significant events were identified during the period.</span></div>On January 8, 2026, the Plan completed the settlement of Kudu Dynamics 401(k) Retirement Plan merger. The assets, liquidated from T. Rowe Price on December 31, 2025, were transferred to and accepted by Empower on January 2 and January 5, 2026, pursuant to the settlement of the Kudu Dynamics 401(k) Retirement Plan merger. Fair Value Measurements<div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Accounting guidance has been issued that establishes a framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The three levels of the fair value hierarchy are described below:</span></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;padding-right:34.55pt;text-indent:-54pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Level 1    Observable inputs such as quoted prices in active markets.</span></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;padding-right:5pt;text-indent:-54pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Level 2    Inputs other than quoted prices in active markets for identical assets or liabilities that are observable either directly or indirectly or quoted prices that are not active.</span></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:54pt;padding-right:-1pt;text-indent:-54pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Level 3    Unobservable inputs in which there is little or no market data (e.g., discounted cash flow and other similar pricing models), which requires us to develop our own assumptions about the assumptions that market participants would use in pricing the asset or liability.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The availability of observable market data is monitored to assess the appropriate classification of financial instruments within the fair value hierarchy. Changes in economic conditions or model-based valuation techniques may require the transfer of financial instruments from one fair value level to another. In such instances, the transfer is reported at the end of the reporting period.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Following is a description of the valuation methodologies used for assets measured at fair value.</span></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:6.65pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:130%">Investment in Mutual Funds</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">—Investments in mutual funds are stated at fair value using the closing market price on the last business day of each period presented.</span></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:6.65pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:130%">Investment in Common Stock</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">—Investments in shares of Leidos Holdings, Inc. common stock which is publicly traded on the New York Stock Exchange, is recorded at its publicly-traded quoted market price as of the last business day of the plan year.</span></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:6.65pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:130%">Investment in a Self-Directed Brokerage Fund</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">—Investments in the self-directed brokerage fund ("SDBF") are stated at fair value based on quoted market prices or market data obtained from external independent sources. The SDBF primarily consists of stocks, cash, mutual funds, bonds, certificate of deposits, and preferred debt. </span></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:6.65pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:130%">Investment in Separately Managed Account</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">—A portfolio of individual securities, including short term securities and common stock, that is managed on the participant's behalf. Investments in separately managed accounts are stated at fair value based on quoted market prices.</span></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:6.65pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:130%">Investment in Collective Trusts</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">—Investments in collective trusts are stated at the net asset value ("NAV"), which is determined by the trustee using the fair value of the underlying investments.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following table sets forth by level, within the fair value hierarchy, the assets of the Master Trust at their fair value as of December 31, 2025: </span></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:8.1pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.275%"><tr><td style="width:1.0%"></td><td style="width:52.847%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.525%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(Level 1)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(Level 2)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Mutual funds</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">975,058</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">—</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">975,058</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Common stock</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">904,135</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">—</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">904,135</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Self-directed brokerage fund</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">186,251</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">13,242</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">199,493</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Separately managed account</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">753,524</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">—</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">753,524</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Total assets in the fair value hierarchy</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,818,968</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">13,242</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,832,210</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Investments measured at NAV</span><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,235,568</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Investments at fair value</span></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12,067,778</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:-1pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following table sets forth by level, within the fair value hierarchy, the assets at fair value of the Master Trust as of December 31, 2024:</span></div><div style="margin-bottom:6pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.275%"><tr><td style="width:1.0%"></td><td style="width:52.847%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.525%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(Level 1)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(Level 2)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Mutual funds</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">952,431 </span></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">— </span></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">952,431 </span></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Common stock</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">838,435 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">— </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">838,435 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Self-directed brokerage fund</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">148,390 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">14,107 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">162,497 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Separately managed account</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">767,754 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">— </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">767,754 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Total assets in the fair value hierarchy</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,707,010 </span></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">14,107 </span></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,721,117 </span></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Investments measured at NAV</span><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,099,674 </span></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Investments at fair value</span></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,820,791 </span></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:14.4pt;padding-right:-1pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(1)</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%;padding-left:5.8pt">Investments measured at NAV per share or its equivalent are not 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 statements of net assets available for benefits. These investments, which represent the Master Trust’s investments in collective trusts, have no unfunded commitments, have a daily redemption frequency and do not have a redemption notice period.</span><span style="color:#010202;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:130%"> </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">We evaluate the significance of transfers between levels based upon the nature of the financial instrument and size of the transfer relative to total net assets available for benefits. The Plan did not have any level 3 investments or significant transfers in or out of level 3 investments for the years ended December 31, 2025 and 2024.</span></div> <div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following table sets forth by level, within the fair value hierarchy, the assets of the Master Trust at their fair value as of December 31, 2025: </span></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:8.1pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.275%"><tr><td style="width:1.0%"></td><td style="width:52.847%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.525%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(Level 1)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(Level 2)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Mutual funds</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">975,058</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">—</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">975,058</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Common stock</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">904,135</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">—</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">904,135</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Self-directed brokerage fund</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">186,251</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">13,242</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">199,493</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Separately managed account</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">753,524</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">—</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">753,524</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Total assets in the fair value hierarchy</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,818,968</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">13,242</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2,832,210</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Investments measured at NAV</span><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,235,568</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Investments at fair value</span></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12,067,778</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:-1pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following table sets forth by level, within the fair value hierarchy, the assets at fair value of the Master Trust as of December 31, 2024:</span></div><div style="margin-bottom:6pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.275%"><tr><td style="width:1.0%"></td><td style="width:52.847%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.525%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(Level 1)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(Level 2)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Total</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Mutual funds</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">952,431 </span></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">— </span></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">952,431 </span></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Common stock</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">838,435 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">— </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">838,435 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Self-directed brokerage fund</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">148,390 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">14,107 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">162,497 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Separately managed account</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">767,754 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">— </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">767,754 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Total assets in the fair value hierarchy</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,707,010 </span></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">14,107 </span></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,721,117 </span></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Investments measured at NAV</span><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,099,674 </span></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Investments at fair value</span></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,820,791 </span></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(1)</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:8pt;font-weight:400;line-height:130%;padding-left:5.8pt">Investments measured at NAV per share or its equivalent are not 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 statements of net assets available for benefits. These investments, which represent the Master Trust’s investments in collective trusts, have no unfunded commitments, have a daily redemption frequency and do not have a redemption notice period.</span> 975058000 0 975058000 904135000 0 904135000 186251000 13242000 199493000 753524000 0 753524000 2818968000 13242000 2832210000 9235568000 12067778000 952431000 0 952431000 838435000 0 838435000 148390000 14107000 162497000 767754000 0 767754000 2707010000 14107000 2721117000 9099674000 11820791000 Plan Interest In Master Trust<div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Plan’s investments are included in the investments of the Leidos, Inc. Master Trust. Each participant in the retirement plan directs their investments into the funds within the Master Trust. The Plan’s record keeper maintains supporting records for the purpose of allocating net assets and net gains and losses of each of the investments of the Plans and to each participant’s account based on participant direction. The Master Trust also includes investment assets of the QTC Management, Inc. Retirement Savings Plan, Leidos Biomedical Research Capital Accumulation Plan and the Leidos Biomedical Research Employee Savings Plan.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following table presents the investments of the Master Trust and the Plan's interest in the Master Trust, as of December 31, 2025 and 2024:</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.833%"><tr><td style="width:1.0%"></td><td style="width:36.831%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.892%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.549%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.892%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.549%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.892%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.399%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.896%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Master Trust Balances</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Plan’s Interest in Master Trust Balances</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Mutual funds</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">975,058</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">952,431 </span></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">940,991</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">924,820 </span></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Leidos Holdings, Inc. common stock</span></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">904,135</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">838,435 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">904,135</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">838,435 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Collective trusts</span></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,235,568</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,099,674 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,518,573</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">8,461,450 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Self-directed brokerage fund</span></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">199,493</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">162,497 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">191,610</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">157,707 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Separately managed account</span></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">753,524</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">767,754 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">712,596</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">731,017 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">     Total investments at fair value</span></td><td colspan="2" style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12,067,778</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,820,791 </span></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,267,905</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,113,429 </span></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Stable value fund at contract value</span></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">563,580</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">650,764 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">517,826</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">600,404 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">     Total investments</span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12,631,358</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">12,471,555 </span></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,785,731</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,713,833 </span></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:8.1pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following table represents the changes in net assets in the Master Trust for the year ended December 31, 2025:</span></div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.120%"><tr><td style="width:1.0%"></td><td style="width:83.204%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.547%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.849%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2025</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net appreciation in fair value of investments</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,735,906</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Interest and dividend income</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">101,162</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">     Total investment income </span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,837,068</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net transfers out of Master Trust</span></div></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,677,265)</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Master Trust net assets:</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%"> </span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">     Beginning</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12,471,555</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">     Ending</span></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12,631,358</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">During 2025, the Plan received an allocation of </span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">94%</span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%"> on the net investment income in the Master Trust. Investment income is allocated to each plan based on the plan’s specific interest attributed to the underlying assets of the Master Trust.</span></div> <div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following table presents the investments of the Master Trust and the Plan's interest in the Master Trust, as of December 31, 2025 and 2024:</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.833%"><tr><td style="width:1.0%"></td><td style="width:36.831%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.892%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.549%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.892%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.549%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.892%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.399%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.896%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Master Trust Balances</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Plan’s Interest in Master Trust Balances</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</span></td><td colspan="3" style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Mutual funds</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">975,058</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">952,431 </span></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">940,991</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">924,820 </span></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Leidos Holdings, Inc. common stock</span></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">904,135</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">838,435 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">904,135</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">838,435 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Collective trusts</span></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,235,568</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,099,674 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,518,573</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">8,461,450 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Self-directed brokerage fund</span></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">199,493</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">162,497 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">191,610</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">157,707 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Separately managed account</span></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">753,524</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">767,754 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">712,596</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">731,017 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">     Total investments at fair value</span></td><td colspan="2" style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12,067,778</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,820,791 </span></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,267,905</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,113,429 </span></td><td style="border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Stable value fund at contract value</span></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">563,580</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">650,764 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">517,826</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">600,404 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">     Total investments</span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12,631,358</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">12,471,555 </span></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,785,731</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,713,833 </span></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:8.1pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following table represents the changes in net assets in the Master Trust for the year ended December 31, 2025:</span></div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.120%"><tr><td style="width:1.0%"></td><td style="width:83.204%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.547%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.849%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2025</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net appreciation in fair value of investments</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,735,906</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Interest and dividend income</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">101,162</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">     Total investment income </span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,837,068</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net transfers out of Master Trust</span></div></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,677,265)</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Master Trust net assets:</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%"> </span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">     Beginning</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12,471,555</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">     Ending</span></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">12,631,358</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> 975058000 952431000 940991000 924820000 904135000 838435000 904135000 838435000 9235568000 9099674000 8518573000 8461450000 199493000 162497000 191610000 157707000 753524000 767754000 712596000 731017000 12067778000 11820791000 11267905000 11113429000 563580000 650764000 517826000 600404000 12631358000 12471555000 11785731000 11713833000 1735906000 101162000 1837068000 -1677265000 12471555000 12631358000 0.94 Fully Benefit-Responsive Investment Contracts<div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Master Trust invests in a stable value fund which holds traditional and synthetic guaranteed investment contracts ("GICs") that are reported at contract value. Managed separate account GICs are investment contracts invested in insurance company separate accounts, established for the sole benefit of the stable value fund participants. Investment contracts accrue interest based on credit rates established by contract issuers. The synthetic GICs simulate the performance of guaranteed investment contracts through an issuer’s guarant</span><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">ee of a specific interest rate (the wrapper contract) and a portfolio of financial instruments which include intermediate bond funds and money market funds. </span><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Contract value is the relevant measurement attributable to a GIC because it is the amount participants would receive if they were to initiate permitted transactions under the terms of the plan. </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Certain events can limit the ability of the Plan to transact at contract value. Such events include, but are not limited to, complete or partial termination of the Plan or merger with another plan, divestitures of a subsidiary that cause a significant withdrawal from the Plan, or failure of the Plan or Master Trust to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Investment contracts generally impose conditions on the Plan. If an event of default occurs and is not cured, the issuer may terminate the contract. These events may include a breach of material obligation under the contract or a material amendment to the Plan agreement that is not approved and accepted by the issuer. These events may limit the ability of the plan to transact at contract value. Plan management believes that the occurrence of an event that would cause the Master Trust to transact at less than contract value is not probable.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following were investment contracts held by the Master Trust:</span></div><div style="margin-bottom:6pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.408%"><tr><td style="width:1.0%"></td><td style="width:67.305%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.545%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.952%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.545%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.953%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Traditional Investment Contracts</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">17,013</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">31,964 </span></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Synthetic GICs</span></td><td colspan="3" style="border-bottom:0.5pt solid #b2b2b2;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">546,567</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">618,800 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Total</span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">563,580</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">650,764 </span></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> <div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following were investment contracts held by the Master Trust:</span></div><div style="margin-bottom:6pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.408%"><tr><td style="width:1.0%"></td><td style="width:67.305%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.545%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.952%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.545%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.953%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2024</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Traditional Investment Contracts</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">17,013</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">31,964 </span></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Synthetic GICs</span></td><td colspan="3" style="border-bottom:0.5pt solid #b2b2b2;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">546,567</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">618,800 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Total</span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">563,580</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">650,764 </span></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 17013000 31964000 546567000 618800000 563580000 650764000 Reconciliation of Financial Statements to Form 5500<div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following is a reconciliation of net assets available for benefits as reported in the financial statements to net assets per Schedule H on Form 5500:</span></div><div style="margin-bottom:6pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.264%"><tr><td style="width:1.0%"></td><td style="width:67.407%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.546%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.825%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.546%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.976%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2024</span></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #b2b2b2;border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net assets available for benefits as reported in financial statements</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,943,567</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,792,391 </span></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #b2b2b2;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Adjustment for assets related to plan merger not yet transferred</span></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(72,562)</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">— </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Participant loans deemed distributed</span></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(7,467)</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,638)</span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Deemed loans repaid</span></td><td colspan="3" style="border-bottom:0.5pt solid #b2b2b2;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">14</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">190 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net assets reported on Schedule H on Form 5500</span></div></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,863,552</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,790,943 </span></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:2.85pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following is a reconciliation of changes in net assets available for benefits as reported in the financial statements to net income per Schedule H on Form 5500:</span></div><div style="margin-top:6pt;padding-right:2.85pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.120%"><tr><td style="width:1.0%"></td><td style="width:83.204%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.547%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.849%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2025</span></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Increase in net assets available for benefits per the financial statements</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">151,176</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Adjustment for change in plan merger assets not transferred at year end</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(72,562)</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net change in participant loans deemed distributed</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(5,829)</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net change in deemed loans repaid</span></td><td colspan="3" style="border-bottom:0.5pt solid #b2b2b2;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(176)</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net income per Schedule H on Form 5500</span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">72,609</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> <div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following is a reconciliation of net assets available for benefits as reported in the financial statements to net assets per Schedule H on Form 5500:</span></div><div style="margin-bottom:6pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.264%"><tr><td style="width:1.0%"></td><td style="width:67.407%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.546%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.825%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.546%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.976%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2025</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2024</span></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #b2b2b2;border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net assets available for benefits as reported in financial statements</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,943,567</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,792,391 </span></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #b2b2b2;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Adjustment for assets related to plan merger not yet transferred</span></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(72,562)</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">— </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Participant loans deemed distributed</span></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(7,467)</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,638)</span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Deemed loans repaid</span></td><td colspan="3" style="border-bottom:0.5pt solid #b2b2b2;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">14</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">190 </span></td><td style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net assets reported on Schedule H on Form 5500</span></div></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,863,552</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">11,790,943 </span></td><td style="border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-right:2.85pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The following is a reconciliation of changes in net assets available for benefits as reported in the financial statements to net income per Schedule H on Form 5500:</span></div><div style="margin-top:6pt;padding-right:2.85pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.120%"><tr><td style="width:1.0%"></td><td style="width:83.204%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.547%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.849%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(in thousands)</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="background-color:#f4e8f3;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2025</span></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Increase in net assets available for benefits per the financial statements</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">151,176</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Adjustment for change in plan merger assets not transferred at year end</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(72,562)</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net change in participant loans deemed distributed</span></td><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(5,829)</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net change in deemed loans repaid</span></td><td colspan="3" style="border-bottom:0.5pt solid #b2b2b2;border-top:0.5pt solid #b2b2b2;padding:0 1pt"></td><td colspan="2" style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(176)</span></td><td style="background-color:#f4e8f3;border-top:0.5pt solid #b2b2b2;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #b2b2b2;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net income per Schedule H on Form 5500</span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">72,609</span><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></td><td style="background-color:#f4e8f3;border-bottom:3pt double #901588;border-top:1pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 11943567000 11792391000 -72562000 0 7467000 1638000 -14000 -190000 11863552000 11790943000 151176000 -72562000 -5829000 176000 72609000 Risks and Uncertainties<div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#010202;font-family:'Avenir LT Pro 45 Book',sans-serif;font-size:9pt;font-weight:400;line-height:130%">The Plan invests in various securities. Investment securities, in general, are exposed to various risks, such as interest rate risk, credit risk, and overall market volatility. The Plan attempts to limit these risks by authorizing and offering participants a broad range of investment options that are invested in high quality securities or are offered and administered by reputable and known investment companies. Due to the level of risk associated with investment securities, it is reasonably possible that changes in the values of certain investment securities will occur in the near term and that such change could materially affect the amounts reported in the statements of net assets available for benefits. The Plan's exposure to a concentration of risk is limited by the diversification of investments across multiple investment fund options. Additionally, the investments within each investment fund option are further diversified into varied financial instruments. See Note 2 – Significant Accounting Policies.</span></div> <div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:7.558%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.122%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.205%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.205%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.762%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.240%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">EIN: 95-3630868</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Plan #004</span></div></td></tr><tr style="height:27pt"><td colspan="3" rowspan="2" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Year</span></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Participant Contributions Transferred Late to the Plan (Participant Loan Repayments are Included)</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Totals That Constitute Nonexempt Prohibited Transactions</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" rowspan="2" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Total Fully Corrected Under Voluntary Fiduciary Correction Program (VFCP) and Prohibited Transition Exemption 2002-51</span></td></tr><tr style="height:53pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Contributions Not Corrected</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Contributions Corrected Outside VFCP</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Contributions Pending Correction in VFCP</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2024</span></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1 </span></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">— </span></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1 </span></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">— </span></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #901588;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">— </span></td><td style="border-bottom:0.5pt solid #901588;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 95-3630868 004 1000 0 1 0 0 <div style="margin-bottom:6pt;margin-top:6pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:2.993%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.087%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:33.256%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.619%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.625%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">  EIN: 95-3630868 </span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Plan #004</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(a)</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(b) Identity of Issue, Borrower, Lessor or Similar Party</span></div></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(c) Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par or Maturity Value</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(d) Cost</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 95 Black',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(e) Current Value</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">*</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Notes Receivable from Participants</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Loans/Interest rates from 4.25% to 9.50%; maturities from January 2026 to January 2056</span></div></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">-0-</span></td><td colspan="3" style="border-top:0.5pt solid #901588;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">85,044 </span></td><td style="border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #901588;padding:0 1pt"></td><td style="border-bottom:3pt double #901588;border-top:0.5pt solid #901588;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-bottom:3pt double #901588;border-top:0.5pt solid #901588;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">85,044 </span></td><td style="border-bottom:3pt double #901588;border-top:0.5pt solid #901588;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 95-3630868 004 0.0425 0.0950 85044000 85044000