The following is a reconciliation of net assets available for benefits per the financial statements at December 31, 2025 and 2024 to the Form 5500:


(Dollars in Thousands)	2025		2024
Net Assets Available for Benefits per the Financial Statements	$	2,584,403	$	2,481,493
Adjustment from Contract Value to Fair Value for Fully Benefit-Responsive Investment Contracts	(6,857)		(15,558)
Amounts Allocated to Withdrawing Participants	(580)		(65)
Net Assets Available for Benefits per the Form 5500	$	2,576,966	$	2,465,870

The following is a reconciliation of benefits paid to participants per the financial statements for the year ended December 31, 2025 to the Form 5500:


(Dollars in Thousands)
Benefits Paid to Participants per the Financial Statements	$	421,413
Amounts Allocated to Withdrawing Participants at December 31, 2025	580
Amounts Allocated to Withdrawing Participants at December 31, 2024	(65)
Benefits Paid to Participants per the Form 5500	$	421,928

Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit claims that have been processed and approved for payment prior to the plan year end, but not yet paid as of that date.

The following is a reconciliation of net investment gain from the Plan’s interest in the Commingled Trust per the financial statements for the year ended December 31, 2025 to the Form 5500:


(Dollars in Thousands)
Net Investment Gain from Plan’s Interest in Commingled Trust per the Financial Statements	$	368,902
Impact of Reflecting Fully Benefit-Responsive Investment Contracts at Fair Value	8,701
Net Investment Gain from Plan’s Interest in Commingled Trust per the Form 5500	$	377,603

Fully benefit-responsive investment contracts are recorded at fair value on the Form 5500.