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FID FRDM 2060 CP D [Member] navi:EBP001Member 2025-01-01 2025-12-31 0001593538 FID FRDM 2060 CP D [Member] navi:EBP001Member 2025-12-31 0001593538 FID FRDM 2065 CP D [Member] navi:EBP001Member 2025-01-01 2025-12-31 0001593538 FID FRDM 2065 CP D [Member] navi:EBP001Member 2025-12-31 0001593538 FID FRDM 2070 CP D [Member] navi:EBP001Member 2025-01-01 2025-12-31 0001593538 FID FRDM 2070 CP D [Member] navi:EBP001Member 2025-12-31 0001593538 navi:EmployeeBenefitPlanParticipantMember navi:EBP001Member 2025-12-31 iso4217:USD navi:Hours navi:Employee pure navi:Age navi:Loan shares 11-K 11-K 2025-12-31 2025-12-31 2025 2025 Navient Corporation 643029010 687690167 2808815 6333718 645837825 694023885 87472970 13307272 113561 100893803 312028 5181510 10705041 1761005 17647556 118853387 108249973 258748 108508721 10344666 -58530726 694023885 645837825 <div style="text-indent: -45pt; padding-left: 45pt;"> <div style="float: left; width: 45.0pt; white-space: nowrap;"> <span style="font-family: Times New Roman;">1.</span> </div> <div> <span style="font-family: Times New Roman; font-weight: bold;">Plan Description</span> </div> </div> <div style="margin-left: 45pt;"> <span style="font-family: Times New Roman; font-weight: bold;">General</span> </div> <div style="margin-left: 45pt;">  </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">The Navient 401(k) Savings Plan (the "Plan") was established on April 30, 2014, as a defined contribution plan established for the benefit of certain eligible employees of Navient Corporation (the "Company") and its participating subsidiaries. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The Navient Corporation Employee Benefits Fiduciary Committee (the "Committee") is responsible for oversight of the Plan. The Committee determines the appropriateness of the Plan's investment offerings and monitors investment performance. The following description of the Plan provides only general information. Participants should refer to the Plan documents for a more complete description of the Plan's provisions.</span> </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman;">  </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">The Plan covers substantially all employees of the Company and its participating subsidiaries. Eligible employees may participate in the Plan after one month of service. Effective June 1, 2021, the Plan eligibility was amended to include temporary employees who have worked at least 1,000 hours of service in an initial twelve-month period or thereafter, measured as of January 1st. </span> </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman;">  </div> <div style="text-align: justify; margin-left: 45pt;"> <span style="font-family: Times New Roman;">In February 2025, the Company sold its government services business and nearly 1,200 employees were transferred to Gallant GAPS Holdings, LLC, an affiliate of Gallant Capital Partners, LLC. Employees distributed or transferred out of the Plan were fully vested upon transfer or distribution.</span> </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman;">  </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Fidelity Management Trust Company (“Fidelity”) is the Plan Trustee. An affiliate of Fidelity, Fidelity Investments Institutional Operations Company, Inc. (“FIIOC”), serves as recordkeeper.</span> </div> <div style="margin-left: 45pt; font-family: Times New Roman;">  </div> <div style="margin-left: 45pt;"> <span style="font-family: Times New Roman; font-weight: bold;">Contributions and vesting</span> </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Participants are eligible to contribute from 1 to 75 percent of their eligible compensation to the Plan, in increments of whole percentages, up to the Internal Revenue Service (“IRS”) annual maximum limits. The Plan allows participants who will attain age 50 in the current Plan year to make catch-up contributions into the Plan up to the IRS maximum. The Plan has a qualified automatic contribution arrangement (“QACA”) in which eligible employees are automatically enrolled to contribute 3% of their eligible compensation each pay period. This contribution amount automatically increases each year by 1% of eligible compensation, up to a maximum employee contribution equal to 10% of eligible compensation. Participants have the ability to opt out of automatic enrollments and automatic increases. Participants may also contribute amounts into the Plan from other qualified employer plans in which they had previously participated. Participants direct the investment of their contributions into various investment options offered by the Plan. </span> </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman;">  </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Effective August 2, 2021, Participants are restricted from directing more than 20% of their future contributions into the Navient Stock Fund. In addition, Participants will be restricted from directing more than 20% of their existing aggregate account balance to the Navient Stock Fund.</span> </div> <div style="margin-left: 45pt; font-family: Times New Roman;">  </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">The Company makes a QACA safe harbor matching contribution on behalf of each participant after the participant has accrued six months of service. This matching contribution is 100% of employee contributions (i.e., a dollar-for-dollar match) up to the first 5% of a participant’s compensation. These matching contributions and related earnings vest after one year of service. Participants also direct the investments of Company contributions.</span> </div> <div style="margin-left: 45pt; font-family: Times New Roman;">  </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Participants forfeit their right to Company contributions that are unvested at the time of their termination of service. During 2025, Company contributions were reduced by $4,914 from previously forfeited non-vested accounts. Unused forfeitures at December 31, 2025 and 2024 totaled $3,916 and $4,391, respectively, which will be used to offset future Company contributions.</span> </div><div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"><span style="font-size: 10.0pt;">The Plan also allows the Company to make a discretionary profit-sharing contribution, whereby the Company determines the amount of net profits, if any, to contribute to the Plan. The Company did not make any profit-sharing contributions for the year ended December 31, 2025.</span> </div><div style="margin-left: 45pt;">  </div> <div style="margin-left: 45pt;"> <span style="font-family: Times New Roman; font-weight: bold;">Notes receivable from participants</span> </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Participants may generally borrow up to 50% of their vested benefit to a maximum of $50,000. Participants may have no more than two loans outstanding at any time. The term of a loan will be three or five years, at the election of the participant, except for a loan to purchase the participant's principal residence, which can be repaid over 20 years. Loans are secured by the participant's account balance, bear interest at the prime rate established by the Federal Reserve and are repaid biweekly through automatic payroll deductions. In addition, participants may repay all or a portion (in $500 increments) of such loans at any time. Loans allowable under the Plan, collateralized by participant account balances, are due in varying installments through 2036, with interest rates ranging from 3.25% to 9%.</span> </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman;">  </div> <div style="margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt; font-weight: bold;">Investment elections</span> </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">The Plan offers a variety of investment options, including various registered investment companies, a unitized employer stock fund and common collective trust funds. In addition, participants have the option to direct investments through a self-directed brokerage account. Under the self-directed brokerage account, participants may direct investments in many eligible security types other than Company stock or other investments offered by Fidelity within the Plan. If a participant does not make an investment election, contributions are made to a qualified default investment. The qualified default investment is the Fidelity Freedom Fund, based on the participant’s date of birth and year in which the participant attains age 65.</span> </div> <div style="margin-left: 45pt; font-family: Times New Roman;">  </div> <div style="margin-left: 45pt;"> <span style="font-family: Times New Roman; font-weight: bold;">Participant accounts</span> </div> <div style="text-align: justify; margin-left: 45pt;"> <span style="font-family: Times New Roman;">Each participant’s account is credited with the participant’s and the Company’s contributions and their portion of the Plan’s earnings (losses). Plan earnings (losses) are allocated based on the participant’s designated investments of their account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.</span> </div> <div style="text-align: right; margin-left: 45pt; font-family: Times New Roman;">  </div> <div style="margin-left: 45pt;"> <span style="font-family: Times New Roman; font-weight: bold;">Payment of benefits</span> </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Participants may withdraw funds from their account upon retirement, disability, separation from employment, attainment of age 59-1/2, and certain other times as specified in the Plan document. Distributions shall be made in a lump sum in cash, in the Company’s common stock, or a combination thereof, reduced by the outstanding balance of any loans not repaid by the participant.</span> </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman;">  </div> <div style="margin-left: 45pt;"> <span style="font-family: Times New Roman; font-weight: bold;">Administrative expenses</span> </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Participants pay fees relating to participant’s loans and withdrawals. Additionally, participants may pay for commissions associated with common stock purchases and sales and short-term transaction fees in certain funds when participants trade in and out of the funds within the time restriction specified for such funds. Participant costs, including investment management fees charged by the respective funds, are charged directly to the participant's account and are reflected in the statement of changes in net assets available for benefits. The Company bears the remaining cost of Plan administration. </span> </div> <div style="margin-left: 45pt;">  </div> <div style="margin-left: 45pt;"> <span style="font-family: Times New Roman; font-weight: bold;">Plan administration</span> </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">The Navient Corporation Employee Benefits Fiduciary Committee administers the Plan and is responsible for development of Plan investment policies and guidelines. Officers and Directors of the Company or its subsidiaries presently serve as Committee members. The Plan did not pay the Company, its subsidiaries or the Committee members for their services. </span> </div> true 1000 1200 0.01 0.75 50 0.03 0.01 0.10 0.20 0.20 P6M 1 0.05 P1Y 4914 3916 4391 0.50 50000 2 P3Y P5Y P20Y 500 0.0325 0.09 65 <div style="text-indent: -45pt; padding-left: 45pt;"> <div style="float: left; width: 45.0pt; white-space: nowrap;"> <span style="font-weight: bold;">2.</span> </div> <div> <span style="font-weight: bold;">Summary of Significant Accounting Policies</span> </div> </div><div style="text-align: justify; margin-left: 21.3pt; font-family: Times New Roman; clear: both;"> </div><div style="margin-left: 45pt;"> <span style="font-family: Times New Roman; font-weight: bold;">Basis of accounting</span> </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">The financial statements of the Plan are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.</span> </div> <div style="margin-left: 45pt;">  </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt; font-weight: bold;">Fair value measurements</span> </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Financial Accounting Standards Board’s ("FASB") Accounting Standards Codification Topic 820, </span><span style="font-size: 10.0pt; font-style: italic;">Fair Value Measurements and Disclosures </span><span style="font-size: 10.0pt;">(“ASC 820”), defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 specifies a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. Classification is based on the lowest level of input that is significant to the fair value of the instrument. The three levels are as follows:</span> </div> <div style="margin-left: 21.3pt; font-family: Times New Roman;">  </div> <div style="text-align: justify; margin-left: 72pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. The types of financial instruments included in Level 1 are highly liquid instruments with quoted prices.</span> </div> <div style="margin-left: 72pt; font-family: Times New Roman;">  </div> <div style="text-align: justify; margin-left: 72pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Level 2 – Inputs to the valuation methodology include: quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means. If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.</span> </div> <div style="margin-left: 72pt; font-family: Times New Roman;">  </div> <div style="text-align: justify; margin-left: 72pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Level 3 – Pricing inputs significant to the valuation are unobservable. Inputs are developed based on the best information available; however, significant judgment is required by management in developing the inputs.</span> </div> <div style="margin-left: 21.3pt; font-family: Times New Roman;">  </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">The related disclosures are in Note 3.</span> </div> <div style="margin-left: 45pt;">  </div> <div style="margin-left: 45pt;"> <span style="font-family: Times New Roman; font-weight: bold;">Investment valuation and income recognition</span> </div> <div style="text-align: justify; margin-left: 45pt;"> <span style="font-family: Times New Roman;">Investments held by the Plan at December 31, 2025, consist of various mutual funds, a unitized employer common stock fund, common/collective trusts, and a self-directed brokerage option:</span> </div> <div style="text-align: justify; margin-left: 72pt;">  </div> <div style="text-indent: -18pt; text-align: justify; padding-left: 90pt;"> <div style="float: left; width: 18.0pt; white-space: nowrap;"> <span>●</span> </div> <div> <span style="font-family: Times New Roman;">Mutual funds - Fair value is determined based on quoted market prices, which represents the net asset value (“NAV”) for shares held at year-end.</span> </div> </div> <div style="text-align: justify; margin-left: 90pt; clear: both;">  </div> <div style="text-indent: -18pt; text-align: justify; padding-left: 90pt;"> <div style="float: left; width: 18.0pt; white-space: nowrap;"> <span>●</span> </div> <div> <span style="font-family: Times New Roman;">Common stock fund – The Navient Stock Fund unit value is based on the closing price of the Company’s stock and the value of the money market component on the last business day of the Plan year. The Company’s stock is listed and traded on the NASDAQ Global Select Market. Investments traded in the over-the-counter market and listed securities for which no sale was reported on that date are valued at the average of the last reported bid and asked prices. </span> </div> </div> <div style="margin-left: 90pt; clear: both;">  </div> <div style="text-indent: -18pt; text-align: justify; padding-left: 90pt;"> <div style="float: left; width: 18.0pt; white-space: nowrap;"> <span>●</span> </div> <div> <span style="font-family: Times New Roman;">Common/collective trusts (“CCTs”) – CCT funds are valued at the NAV of units of CCT. The NAV, as provided by the CCT managers, is used as a practical expedient to estimate fair value. The NAV is based on the fair value of the underlying investments held by the fund less its liabilities. </span> </div> </div> <div style="text-align: justify; margin-left: 90pt; clear: both;">  </div> <div style="text-indent: -18pt; text-align: justify; padding-left: 90pt;"> <div style="float: left; width: 18.0pt; white-space: nowrap;"> <span>●</span> </div> <div> <span style="font-family: Times New Roman;">Self-directed brokerage – All brokerage account investments traded on a national securities exchange are carried at fair value based on the closing price on the last business day of the year. </span> </div> </div> <div style="text-align: justify; margin-left: 6.15pt; font-family: Times New Roman; clear: both;">  </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Dividend income is recorded on the ex-dividend date. Interest earned on investments is recorded on an accrual basis. Purchases and sales of securities are recorded on the trade date.</span> </div><div style="margin-left: 45pt;"><span style="font-family: Times New Roman; font-weight: bold;">Notes receivable from participants</span> </div><div style="text-align: justify; margin-left: 45pt;"> <span style="font-family: Times New Roman;">Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Interest income is recorded on the accrual basis. 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-left: 45pt;">  </div> <div style="margin-left: 45pt;"> <span style="font-family: Times New Roman; font-weight: bold;">Contributions</span> </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Contributions made by employees electing to participate in the Plan under salary reduction agreements or by automatic enrollment and Company contributions are recorded when payable into the Plan.</span> </div> <div style="margin-left: 45pt;">  </div> <div style="margin-left: 45pt;"> <span style="font-family: Times New Roman; font-weight: bold;">Use of estimates</span> </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.</span> </div> <div style="margin-left: 45pt;">  </div> <div style="margin-left: 45pt;"> <span style="font-family: Times New Roman; font-weight: bold;">Risks and uncertainties</span> </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">The Plan provides for various investment options. Such investments are subject to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the value of investment securities will occur in the near term, including a decrease in value, and that such changes could materially affect participants' account balances and the amounts reported in the statement of net assets available for benefits.</span> </div> <div style="margin-left: 45pt;">  </div> <div style="margin-left: 45pt;"> <span style="font-family: Times New Roman; font-weight: bold;">Benefit payments</span> </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Benefits are recorded when paid.</span> </div> <div style="margin-left: 45pt;"> <span style="font-family: Times New Roman; font-weight: bold;">Basis of accounting</span> </div><div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">The financial statements of the Plan are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.</span> </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt; font-weight: bold;">Fair value measurements</span> </div><div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Financial Accounting Standards Board’s ("FASB") Accounting Standards Codification Topic 820, </span><span style="font-size: 10.0pt; font-style: italic;">Fair Value Measurements and Disclosures </span><span style="font-size: 10.0pt;">(“ASC 820”), defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 specifies a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. Classification is based on the lowest level of input that is significant to the fair value of the instrument. The three levels are as follows:</span> </div><div style="text-align: justify; margin-left: 72pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. The types of financial instruments included in Level 1 are highly liquid instruments with quoted prices.</span> </div><div style="text-align: justify; margin-left: 72pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Level 2 – Inputs to the valuation methodology include: quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means. If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.</span> </div><div style="text-align: justify; margin-left: 72pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Level 3 – Pricing inputs significant to the valuation are unobservable. Inputs are developed based on the best information available; however, significant judgment is required by management in developing the inputs.</span> </div><div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">The related disclosures are in Note 3.</span> </div> <div style="margin-left: 45pt;"> <span style="font-family: Times New Roman; font-weight: bold;">Investment valuation and income recognition</span> </div><div style="text-align: justify; margin-left: 45pt;"> <span style="font-family: Times New Roman;">Investments held by the Plan at December 31, 2025, consist of various mutual funds, a unitized employer common stock fund, common/collective trusts, and a self-directed brokerage option:</span> </div><div style="text-indent: -18pt; text-align: justify; padding-left: 90pt;"> <div style="float: left; width: 18.0pt; white-space: nowrap;"> <span>●</span> </div> <div> <span style="font-family: Times New Roman;">Mutual funds - Fair value is determined based on quoted market prices, which represents the net asset value (“NAV”) for shares held at year-end.</span> </div> </div><div style="text-indent: -18pt; text-align: justify; padding-left: 90pt;"> <div style="float: left; width: 18.0pt; white-space: nowrap;"> <span>●</span> </div> <div> <span style="font-family: Times New Roman;">Common stock fund – The Navient Stock Fund unit value is based on the closing price of the Company’s stock and the value of the money market component on the last business day of the Plan year. The Company’s stock is listed and traded on the NASDAQ Global Select Market. Investments traded in the over-the-counter market and listed securities for which no sale was reported on that date are valued at the average of the last reported bid and asked prices. </span> </div> </div><div style="text-indent: -18pt; text-align: justify; padding-left: 90pt;"> <div style="float: left; width: 18.0pt; white-space: nowrap;"> <span>●</span> </div> <div> <span style="font-family: Times New Roman;">Common/collective trusts (“CCTs”) – CCT funds are valued at the NAV of units of CCT. The NAV, as provided by the CCT managers, is used as a practical expedient to estimate fair value. The NAV is based on the fair value of the underlying investments held by the fund less its liabilities. </span> </div> </div><div style="text-indent: -18pt; text-align: justify; padding-left: 90pt;"> <div style="float: left; width: 18.0pt; white-space: nowrap;"> <span>●</span> </div> <div> <span style="font-family: Times New Roman;">Self-directed brokerage – All brokerage account investments traded on a national securities exchange are carried at fair value based on the closing price on the last business day of the year. </span> </div> </div><div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Dividend income is recorded on the ex-dividend date. Interest earned on investments is recorded on an accrual basis. Purchases and sales of securities are recorded on the trade date.</span> </div> <div style="margin-left: 45pt;"><span style="font-family: Times New Roman; font-weight: bold;">Notes receivable from participants</span> </div><div style="text-align: justify; margin-left: 45pt;"> <span style="font-family: Times New Roman;">Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Interest income is recorded on the accrual basis. 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-left: 45pt;"> <span style="font-family: Times New Roman; font-weight: bold;">Contributions</span> </div><div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Contributions made by employees electing to participate in the Plan under salary reduction agreements or by automatic enrollment and Company contributions are recorded when payable into the Plan.</span> </div> <div style="margin-left: 45pt;"> <span style="font-family: Times New Roman; font-weight: bold;">Use of estimates</span> </div><div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.</span> </div> <div style="margin-left: 45pt;"> <span style="font-family: Times New Roman; font-weight: bold;">Risks and uncertainties</span> </div><div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">The Plan provides for various investment options. Such investments are subject to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the value of investment securities will occur in the near term, including a decrease in value, and that such changes could materially affect participants' account balances and the amounts reported in the statement of net assets available for benefits.</span> </div> <div style="margin-left: 45pt;"> <span style="font-family: Times New Roman; font-weight: bold;">Benefit payments</span> </div><div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Benefits are recorded when paid.</span> </div> <div style="text-indent: -45pt; padding-left: 45pt;"> <div style="float: left; width: 45.0pt; white-space: nowrap;"> <span style="font-weight: bold;">3.</span> </div> <div style="font-weight: bold;">Fair Value Measurements</div> </div><div style="margin-left: 2.85pt; clear: both;"> </div><div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">The fair value of Plan investments at December 31, 2025 and 2024 are shown in the tables below:</span> </div> <div style="text-align: justify; margin-left: 21.3pt; font-family: Times New Roman;">  </div> <table cellpadding="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> <div>  </div> </td><td style="width: 1%;"> </td><td colspan="10" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">Based on </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;"> <div> Fair value at </div> <div> December 31, </div> <div> 2025 </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;"> <div> Quoted prices in </div> <div> active markets </div> <div> (Level 1) </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <div> Other <br/>observable </div> <div> Inputs </div> <div> (Level 2) </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;"> <div> Unobservable </div> <div> Inputs </div> <div> (Level 3) </div> </td><td style="text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Mutual funds </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;">$</td><td style="text-align: right; width: 9%;">131,016,324</td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="text-align: right; width: 1%;">$</td><td style="text-align: right; width: 9%;">131,016,324</td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="text-align: right; width: 1%;">$</td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="clear: both; text-align: left; width: 1%;"> </td><td style="clear: both; text-align: right; width: 1%;">$</td><td style="clear: both; text-align: right; width: 9%;"> - </td><td style="clear: both; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt; clear: both;"> <td> <div> Common stock fund </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">6,016,875</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">6,016,875</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Self-directed brokerage account </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; text-indent: 36pt; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">27,626,365</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; text-indent: 36pt; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">27,626,365</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; text-indent: 36pt; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; text-indent: 36pt; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">164,659,564</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">158,642,689</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: left; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">6,016,875</td><td style="text-align: left; width: 1%;"> </td> <td style="clear: both; text-align: left; width: 1%;"> </td><td style="clear: both; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="padding-top: 0px; padding-right: 0px; padding-bottom: 0px; clear: both; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> - </td><td style="clear: both; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; clear: both; background-color: rgb(204, 238, 255);"> <td> <div> Investments measured at NAV (a) </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align : right; width : 1%; border-bottom : 2px solid black; border-top-color : black; border-right-color : black; border-left-color : black; "> </td><td style="text-align: right; text-indent: 36pt; border-bottom: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 9%;">478,369,446</td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: left; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">643,029,010</td><td style="text-align: left; width: 1%;"> </td> <td style="clear: both; width: 1%;"> </td><td style="clear: both; width: 1%;"> </td><td style="clear: both; width: 9%;"> </td><td style="clear: both; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> </table><div style="clear: both;">  </div> <table cellpadding="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="text-align: center; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> <div>  </div> </td><td colspan="10" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">Based on </td><td style="text-align: center; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; vertical-align: bottom; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <div> Fair value at </div> <div> December 31, </div> <div> 2024 </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; vertical-align: bottom; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <div> Quoted prices in </div> <div> active markets </div> <div> (Level 1) </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <div> Other <br/>observable </div> <div> Inputs </div> <div> (Level 2) </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; vertical-align: bottom; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <div> Unobservable </div> <div> Inputs </div> <div> (Level 3) </div> </td><td style="text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Mutual funds </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;">$</td><td style="text-align: right; width: 9%;">482,999,332</td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="text-align: right; width: 1%;">$</td><td style="text-align: right; width: 9%;">482,999,332</td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="text-align: right; width: 1%;">$</td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="clear: both; width: 1%;"> </td><td style="clear: both; text-align: right; width: 1%;">$</td><td style="clear: both; text-align: right; width: 9%;"> - </td><td style="clear: both; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt; clear: both;"> <td> <div> Common stock fund </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">7,390,479</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">7,390,479</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> </tr><tr style="vertical-align: top; clear: both; background-color: rgb(204, 238, 255);"> <td><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="text-decoration-thickness: initial; float: none; display: inline !important;">Self-directed brokerage account</span></span></td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"><span style="letter-spacing: normal; text-indent: 48px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">33,293,316</span></td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"><span style="letter-spacing: normal; text-indent: 48px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">33,293,316</span></td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">-</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">-</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">523,683,127</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">516,292,648</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: left; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">7,390,479</td><td style="text-align: left; width: 1%;"> </td> <td style="clear: both; text-align: left; width: 1%;"> </td><td style="clear: both; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="clear: both; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> - </td><td style="clear: both; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; clear: both; background-color: rgb(204, 238, 255);"> <td> <div> Investments measured at NAV (a) </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; text-indent: 36pt; border-bottom: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 9%;">164,007,040</td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> </td> <td style="text-align: left; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">687,690,167</td><td style="text-align: left; width: 1%;"> </td> <td style="clear: both; width: 1%;"> </td><td style="clear: both; width: 1%;"> </td><td style="clear: both; width: 9%;"> </td><td style="clear: both; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> </table><div style="clear: both;">  </div> <div style="text-align: justify;"> <span style="font-family: Times New Roman;">(a) In accordance with Subtopic 820-10, investments in common collective trusts that were measured at NAV per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the statements of net assets available for benefits. There are no participant redemptions restrictions for these investments; however, the Plan is required to provide a one-year redemption notice to liquidate its entire share.</span> </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">The fair value of Plan investments at December 31, 2025 and 2024 are shown in the tables below:</span> </div> <div style="text-align: justify; margin-left: 21.3pt; font-family: Times New Roman;">  </div> <table cellpadding="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> <div>  </div> </td><td style="width: 1%;"> </td><td colspan="10" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">Based on </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;"> <div> Fair value at </div> <div> December 31, </div> <div> 2025 </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;"> <div> Quoted prices in </div> <div> active markets </div> <div> (Level 1) </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <div> Other <br/>observable </div> <div> Inputs </div> <div> (Level 2) </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom;"> <div> Unobservable </div> <div> Inputs </div> <div> (Level 3) </div> </td><td style="text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Mutual funds </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;">$</td><td style="text-align: right; width: 9%;">131,016,324</td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="text-align: right; width: 1%;">$</td><td style="text-align: right; width: 9%;">131,016,324</td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="text-align: right; width: 1%;">$</td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="clear: both; text-align: left; width: 1%;"> </td><td style="clear: both; text-align: right; width: 1%;">$</td><td style="clear: both; text-align: right; width: 9%;"> - </td><td style="clear: both; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt; clear: both;"> <td> <div> Common stock fund </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">6,016,875</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">6,016,875</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Self-directed brokerage account </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; text-indent: 36pt; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">27,626,365</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; text-indent: 36pt; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">27,626,365</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; text-indent: 36pt; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; text-indent: 36pt; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">164,659,564</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">158,642,689</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: left; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">6,016,875</td><td style="text-align: left; width: 1%;"> </td> <td style="clear: both; text-align: left; width: 1%;"> </td><td style="clear: both; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="padding-top: 0px; padding-right: 0px; padding-bottom: 0px; clear: both; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> - </td><td style="clear: both; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; clear: both; background-color: rgb(204, 238, 255);"> <td> <div> Investments measured at NAV (a) </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align : right; width : 1%; border-bottom : 2px solid black; border-top-color : black; border-right-color : black; border-left-color : black; "> </td><td style="text-align: right; text-indent: 36pt; border-bottom: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 9%;">478,369,446</td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: left; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">643,029,010</td><td style="text-align: left; width: 1%;"> </td> <td style="clear: both; width: 1%;"> </td><td style="clear: both; width: 1%;"> </td><td style="clear: both; width: 9%;"> </td><td style="clear: both; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> </table><div style="clear: both;">  </div> <table cellpadding="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="text-align: center; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> <div>  </div> </td><td colspan="10" style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">Based on </td><td style="text-align: center; border-width: medium; border-style: none; border-color: currentcolor; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; vertical-align: bottom; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <div> Fair value at </div> <div> December 31, </div> <div> 2024 </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; vertical-align: bottom; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <div> Quoted prices in </div> <div> active markets </div> <div> (Level 1) </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <div> Other <br/>observable </div> <div> Inputs </div> <div> (Level 2) </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: center; width: 1%;"> </td><td colspan="2" style="text-align: center; vertical-align: bottom; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid;"> <div> Unobservable </div> <div> Inputs </div> <div> (Level 3) </div> </td><td style="text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> <div> Mutual funds </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;">$</td><td style="text-align: right; width: 9%;">482,999,332</td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="text-align: right; width: 1%;">$</td><td style="text-align: right; width: 9%;">482,999,332</td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="text-align: right; width: 1%;">$</td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="clear: both; width: 1%;"> </td><td style="clear: both; text-align: right; width: 1%;">$</td><td style="clear: both; text-align: right; width: 9%;"> - </td><td style="clear: both; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt; clear: both;"> <td> <div> Common stock fund </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">7,390,479</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">7,390,479</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> - </td><td style="text-align: left; width: 1%;"> </td> </tr><tr style="vertical-align: top; clear: both; background-color: rgb(204, 238, 255);"> <td><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="text-decoration-thickness: initial; float: none; display: inline !important;">Self-directed brokerage account</span></span></td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"><span style="letter-spacing: normal; text-indent: 48px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">33,293,316</span></td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"><span style="letter-spacing: normal; text-indent: 48px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">33,293,316</span></td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">-</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">-</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">523,683,127</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">516,292,648</td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: left; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">7,390,479</td><td style="text-align: left; width: 1%;"> </td> <td style="clear: both; text-align: left; width: 1%;"> </td><td style="clear: both; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="clear: both; text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"> - </td><td style="clear: both; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; clear: both; background-color: rgb(204, 238, 255);"> <td> <div> Investments measured at NAV (a) </div> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="text-align: right; text-indent: 36pt; border-bottom: 2px solid rgb(0, 0, 0); border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 9%;">164,007,040</td><td style="text-align: left; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt;"> <td> </td> <td style="text-align: left; width: 1%;"> </td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;">$</td><td style="text-align: right; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;">687,690,167</td><td style="text-align: left; width: 1%;"> </td> <td style="clear: both; width: 1%;"> </td><td style="clear: both; width: 1%;"> </td><td style="clear: both; width: 9%;"> </td><td style="clear: both; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> </table><div style="clear: both;">  </div> <div style="text-align: justify;"> <span style="font-family: Times New Roman;">(a) In accordance with Subtopic 820-10, investments in common collective trusts that were measured at NAV per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the statements of net assets available for benefits. There are no participant redemptions restrictions for these investments; however, the Plan is required to provide a one-year redemption notice to liquidate its entire share.</span> </div> 131016324 131016324 0 0 6016875 0 6016875 0 27626365 27626365 0 0 164659564 158642689 6016875 0 478369446 643029010 482999332 482999332 0 0 7390479 0 7390479 0 33293316 33293316 0 0 523683127 516292648 7390479 0 164007040 687690167 <div style="text-indent: -45pt; padding-left: 45pt;"> <div style="float: left; width: 45.0pt; white-space: nowrap;"> <span style="font-weight: bold;">4.</span> </div> <div><b>Plan Termination</b></div> </div><div style="margin-left: 20.85pt; font-family: Times New Roman; clear: both;"> </div><div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA and the Internal Revenue Code (“IRC”). In the event of Plan termination, participants would become 100% vested in their Company contributions.</span> </div> 1 <div style="text-indent: -45pt; padding-left: 45pt;"> <div style="float: left; width: 45.0pt; white-space: nowrap;"> <span style="font-family: Times New Roman; font-weight: bold;">5.</span> </div> <div> <span style="font-family: Times New Roman; font-weight: bold;">Related-Party Transactions and Party-In-Interest Transactions</span> </div> </div> <div style="margin-left: 21.3pt; font-family: Times New Roman; clear: both;">  </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Certain Plan investments are managed by Fidelity. Fidelity is the trustee as defined by the Plan and therefore these transactions qualify as party-in-interest transactions. The Plan also earns "revenue credits" from Fidelity based on certain investments of the Plan. During 2025, $113,561 was earned and included in other income on the statement of changes in net assets available for benefits. These fee credits are allocated to participants who invested in the Plan investments that earned the fee credits.</span> </div> <div style="margin-left: 45pt; font-family: Times New Roman;">  </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Additionally, the Plan has investments in the Navient Stock Fund comprised principally of Navient Corporation common stock. At December 31, 2025 and 2024, the Plan held 588,672 and 708,340 units, respectively, valued at $6,016,875, and $7,390,479, respectively. During 2025, 49,602 units in the amount of $516,676 were purchased and 169,270 units in the amount of $1,752,506 were sold related to the Navient Stock Fund. Such transactions qualify as party-in-interest transactions, as Navient Corporation is the Plan’s sponsor. During 2025, the Plan recorded dividend income in the amount of $320,605 from participants’ investments in the Navient Stock Fund.</span> </div> 113561 588672 708340 6016875 7390479 49602 516676 169270 1752506 320605 <div style="text-indent: -45pt; text-align: justify; padding-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <div style="float: left; width: 45.0pt; white-space: nowrap;"> <span style="font-size: 10.0pt; font-weight: bold;">6.</span> </div> <div> <span style="font-size: 10.0pt; font-weight: bold;">Income Tax Status</span> </div> </div> <div style="clear: both;">  </div> <div style="text-align: justify; margin-left: 45pt;"> <span style="font-family: Times New Roman;">The IRS has determined and informed the Company by a letter dated August 10, 2016, that the Plan is designed in accordance with applicable sections of the IRC. Although the Plan has been amended since receiving the determination letter, the Plan administrator believes that the Plan and related trust are operating in accordance with the IRC and are <span style="-sec-ix-hidden: hidden-fact-0">qualified</span> under Section 401(a) of the IRC. Accordingly, no provision for income taxes has been made.</span> </div> <div style="text-align: justify; margin-left: 45pt;">  </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Accounting principles generally accepted in the United States of America require plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan is subject to routine audits by taxing jurisdictions for years since inception; however, there are currently no audits for any tax periods in progress.</span> </div> true 2016-08-10 <div style="text-indent: -45pt; text-align: justify; padding-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <div style="float: left; width: 45.0pt; white-space: nowrap;"> <span style="font-size: 10.0pt; font-weight: bold;">7.</span> </div> <div> <span style="font-size: 10.0pt; font-weight: bold;">Subsequent Events</span> </div> </div> <div style="clear: both;">  </div> <div style="text-align: justify; margin-left: 45pt; font-family: Times New Roman; font-size: 12pt;"> <span style="font-size: 10.0pt;">Management has evaluated subsequent events through June 23, 2026, the date the financial statements were issued.</span> </div> <div style="text-align: center; margin-left: 2.85pt;"> <span style="font-family: Times New Roman;">Navient 401(k) Savings Plan</span> </div> <div style="text-align: center; margin-left: 2.85pt;"> <span style="font-family: Times New Roman;">Schedule H, Line 4i – Schedule of Assets (Held at End of Year)</span> </div> <div style="text-align: center; margin-left: 2.85pt;">  </div> <div style="text-align: center; margin-left: 2.85pt;"> <span style="font-family: Times New Roman;">EIN: 46-4054283  Plan: 001</span> </div> <div style="text-align: center; margin-left: 2.85pt;">  </div> <div style="text-align: center; margin-left: 2.85pt;"> <span style="font-family: Times New Roman;">December 31, 2025</span> </div> <div>  </div> <table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> <div> (a) </div> </td> <td style="white-space: nowrap; padding-left: 10px;"> <div> (b) Identity of issuer, borrower, or similar entity </div> </td> <td> <div> (c) Description of Investment </div> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> <div> (d) Cost </div> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> <div> (e) Current value </div> </td><td style="width: 1%;"> </td> </tr><tr style="vertical-align: top;"> <td> </td> <td> </td> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <div> ** </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-1"> BROKERAGELINK </div> </td> <td style="text-align : center; white-space : nowrap; "> <div style="-sec-ix-hidden: hidden-fact-2"> Self-Directed Brokerage Account </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-3"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%; text-align: right;">$</td><td style="width: 9%; text-align: right;">27,626,365</td><td style="width: 1%; text-align: left;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt; clear: both;"> <td> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-4"> JH ENTERPRISE III </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-5"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-6"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">13,124,853</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-7"> COL OVERSEAS VAL R </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-8"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-9"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">16,155,851</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-10"> AS SPL SM CAP VAL E </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-11"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-12"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">3,985,342</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-13"> PUTNAM STABLE VALUE </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-14"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-15"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">4,842,857</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-16"> PGIM GLB TOT RTN Z </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-17"> Mutual Funds </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-18"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">712,285</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-19"> LOOMIS SM CP GRTH N </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-20"> Mutual Funds </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-21"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">16,724,520</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-22"> DODGE &amp; COX INCOME X </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-23"> Mutual Funds </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-24"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">18,818,719</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-25"> VANG VMMR-FED MMKT </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-26"> Mutual Funds </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-27"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">25,974,623</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-28"> AF WASH MUTL INV R6 </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-29"> Mutual Funds </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-30"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">17,149,913</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-31"> VICTORY S ESTB VAL Y </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-32"> Mutual Funds </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-33"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">14,029,526</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-34"> NAVIENT STOCK FUND </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-35"> Common Stock Fund </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-36"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">6,016,875</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-37"> FID BALANCED K </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-38"> Mutual Funds </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-39"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">23,471,401</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-40"> FID US BOND IDX </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-41"> Mutual Funds </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-42"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">12,040,713</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-43"> FID INFL PR BD IDX </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-44"> Mutual Funds </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-45"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">2,094,624</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-46"> FID CONTRA POOL CL A </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-47"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-48"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">81,245,975</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-49"> FID OTC POOL A </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-50"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-51"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">45,534,030</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-52"> SP 500 INDEX PL CL C </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-53"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-54"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">114,761,691</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-55"> SP SMALL CP IND CL C </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-56"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-57"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">5,868,119</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-58"> SP INTL INDEX C </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-59"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-60"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">15,409,275</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-61"> SP MID CAP IDX CL C </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-62"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-63"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">9,520,192</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-64"> FID FRDM RETIRE D </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-65"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-66"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">1,409,766</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-67"> FID FRDM 2010 CP D </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-68"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-69"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">1,263,388</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-70"> FID FRDM 2015 CP D </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-71"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-72"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">209,320</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-73"> FID FRDM 2020 CP D </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-74"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-75"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">7,489,565</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-76"> FID FRDM 2025 CP D </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-77"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-78"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">10,611,006</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-79"> FID FRDM 2030 CP D </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-80"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-81"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">28,710,069</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-82"> FID FRDM 2035 CP D </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-83"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-84"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">18,792,691</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-85"> FID FRDM 2040 CP D </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-86"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-87"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">34,500,176</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-88"> FID FRDM 2045 CP D </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-89"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-90"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">16,900,135</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-91"> FID FRDM 2050 CP D </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-92"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-93"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">18,495,519</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-94"> FID FRDM 2055 CP D </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-95"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-96"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">20,931,158</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-97"> FID FRDM 2060 CP D </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-98"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-99"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">7,257,472</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-100"> FID FRDM 2065 CP D </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-101"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-102"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">1,283,728</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1pt; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div style="-sec-ix-hidden: hidden-fact-103"> FID FRDM 2070 CP D </div> </td> <td style="text-align: center;"> <div style="-sec-ix-hidden: hidden-fact-104"> Common/Collective Trust </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> <div style="-sec-ix-hidden: hidden-fact-105"> See Note </div> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;">67,267</td><td style="text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td style="text-align: center;"> <div> * </div> </td> <td style="padding-left: 10px;"> <div> Plan participants </div> </td> <td style="text-align: center;"> <div> Participant Loans*** </div> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="width: 9%; text-align: center;"> - </td><td style="text-align: left; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="text-align: right; text-indent: 36pt; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">2,808,815</td><td style="text-align: left; width: 1%;"> </td> </tr><tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="text-align: center;"> </td> <td> </td> <td style="text-align: center;"> </td> <td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 1%;"> </td><td style="text-align: center; width: 9%;"> </td><td style="text-align: center; width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 9%;"> </td><td style="text-align: right; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 1.0pt;"> <td> </td> <td> <div> Total </div> </td> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="text-align: right; width: 1%;"> </td><td style="text-align: right; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">645,837,825</td><td style="text-align: left; width: 1%;"> </td> </tr> </table> <div style="clear: both;"> </div> <div style="clear: both;"><span style="letter-spacing: normal; text-indent: -60px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="white-space: nowrap; text-decoration-thickness: initial; float: none; display: inline !important;">* </span>Denotes a party-in-interest</span></div><div style="clear: both;"> </div> <div style="margin: 0in 0in 0in 1.5pt; font-size: 12pt;"><span style="font-size:10.0pt"><span style="letter-spacing: normal; text-indent: -60px; white-space: nowrap; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">** Some</span> investments within Brokeragelink are in funds offered by affiliates of Fidelity, a party-in-interest</span></div><div> </div> <div><span style="letter-spacing: normal; text-indent: -60px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><span style="white-space: nowrap; text-decoration-thickness: initial; float: none; display: inline !important;">*** </span>Collateralized by participant 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Denotes a party-in-interest Some investments within Brokeragelink are in funds offered by affiliates of Fidelity, a party-in-interest Collateralized by participant accounts with interest ranging from 3.25% to 9% per annum