☒
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ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
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☐
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TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
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Pages
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1 - 2
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FINANCIAL STATEMENTS:
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3
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4
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5 – 10
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SUPPLEMENTAL SCHEDULE:
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11 | |
12 |
2024
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2023
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|||||||
ASSETS:
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||||||||
Investments, at fair value
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$
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366,736,110
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$
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338,664,810
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||||
Receivables:
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||||||||
Notes receivable from participants
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6,120,948
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5,244,917
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||||||
Participant contributions
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−
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349,089
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||||||
Employer contributions
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292,431
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533,637
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||||||
Total receivables
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6,413,379
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6,127,643
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||||||
NET ASSETS AVAILABLE FOR BENEFITS
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$
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373,149,489
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$
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344,792,453
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2024
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2023
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2022
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||||||||||
ADDITIONS TO NET ASSETS ATTRIBUTED TO:
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||||||||||||
Investment income (loss):
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||||||||||||
Net appreciation (depreciation) of investments
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$
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36,820,543
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$
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48,184,514
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$
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(67,318,162
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)
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|||||
Interest and dividend income
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5,887,685
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3,126,509
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4,682,697
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|||||||||
Total investment income (loss)
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42,708,228
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51,311,023
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(62,635,465
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)
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Interest income on notes receivable from participants
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413,515
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269,652
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241,784
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Contributions:
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||||||||||||
Participants
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14,051,863
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13,365,234
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12,081,311
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|||||||||
Employer
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9,980,259
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9,646,500
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9,476,479
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|||||||||
Rollovers
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2,956,414
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1,393,001
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1,742,004
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|||||||||
Total contributions
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26,988,536
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24,404,735
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23,299,794
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|||||||||
Total additions, net of investment income (loss)
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70,110,279
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75,985,410
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(39,093,887
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)
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DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO:
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||||||||||||
Benefits paid to participants
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42,155,072
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42,277,210
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36,740,249
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Administrative expenses
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332,276
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284,037
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205,702
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Total deductions
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42,487,348
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42,561,247
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36,945,951
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CHANGE IN NET ASSETS AVAILABLE FOR BENEFITS
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27,622,931
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33,424,163
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(76,039,838
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)
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TRANSFER OF ASSETS, NET
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734,105
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25,869,982
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(23,352,548
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)
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NET ASSETS AVAILABLE FOR BENEFITS, BEGINNING OF YEAR
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344,792,453
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285,498,308
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384,890,694
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|||||||||
NET ASSETS AVAILABLE FOR BENEFITS, END OF YEAR
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$
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373,149,489
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$
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344,792,453
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$
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285,498,308
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1. |
DESCRIPTION OF PLAN
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2. |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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3. |
FAIR VALUE MEASUREMENTS
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Level 1
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Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access.
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Level 2
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Inputs to the valuation methodology include:
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Quoted prices for similar assets or liabilities in active markets;
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Quoted prices for identical or similar assets or liabilities in inactive markets;
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Inputs other than quoted prices that are observable for the asset or liability;
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Inputs that are derived principally from or corroborated by observable market data by correlation or other means.
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Level 3
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Inputs to the valuation methodology are unobservable and significant to the fair value measurement.
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Level 1
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Level 2
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Level 3
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Total
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Mutual funds
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$
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144,336,182
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$
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—
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$
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—
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$
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144,336,182
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||||||||
Employer securities
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7,965,580
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—
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—
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7,965,580
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Interest-bearing cash
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555
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—
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—
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555
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Self-directed investments
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14,930,354
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—
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—
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14,930,354
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Total investments in the fair value hierarchy
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$
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167,232,671
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$
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—
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$
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—
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$
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167,232,671
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||||||||
Investments measured at NAV, as a practical expedient
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199,503,439
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|||||||||||||||
Investments, at fair value
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$
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366,736,110
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Level 1
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Level 2
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Level 3
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Total
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Mutual funds
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$
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139,110,638
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$
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—
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$
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—
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$
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139,110,638
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||||||||
Employer securities
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7,672,110
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—
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—
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7,672,110
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Interest-bearing cash
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1,161
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—
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—
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1,161
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Self-directed investments
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12,632,740
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—
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—
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12,632,740
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Total investments in the fair value hierarchy
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$
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159,416,649
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$
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—
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$
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—
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$
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159,416,649
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||||||||
Investments measured at NAV, as a practical expedient
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179,248,161
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Investments, at fair value
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$
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338,664,810
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December 31, 2024
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Fair Value
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Unfunded
Commitments
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Redemption
Frequency (if
currently eligible)
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Redemption
Notice Period
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|||||
Collective Trust Funds - Target Date
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$
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153,849,810
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None
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Daily
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1 to 5 days
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Collective Trust Funds - Income
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$
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12,805,582
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None
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Daily
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1 to 5 days
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Collective Trust Funds – Stable Value
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$
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17,635,578
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None
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Daily
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0 to 10 days
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Collective Trust Funds – Small-Mid Cap
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$
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15,212,469
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None
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Daily
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0 to 10 days
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December 31, 2023
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Fair Value
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Unfunded
Commitments
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Redemption
Frequency (if
currently eligible)
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Redemption
Notice Period
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Collective Trust Funds – Target Date
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$
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141,025,191
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None
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Daily
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1 to 5 days
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Collective Trust Funds – Income
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$
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2,138,089
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None
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Daily
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1 to 5 days
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Collective Trust Funds – Stable Value
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$
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20,016,820
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None
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Daily
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0 to 10 days
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Collective Trust Funds – Small-MidCap
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$
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16,068,061
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None
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Daily
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0 to 10 days
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4. |
RELATED-PARTY TRANSACTIONS AND PARTY IN INTEREST TRANSACTIONS
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5. |
PLAN TERMINATION
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6. |
TAX STATUS
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7. |
RISKS AND UNCERTAINTIES
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8. |
PROHIBITED TRANSACTIONS
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Participant
Contributions
Transferred Late to
Plan
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Total that Constitutes Nonexempt Prohibited Transactions
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|||||||||||||||||||
Check Here If Late
Participant Loan
Payments are
Included X
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Contributions Not
Corrected
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Contributions
Corrected
Outside VFCP
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Contributions
Pending Correction
in VFCP
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Total Fully Corrected
Under VFCP and
PTE 2002-51
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2023
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$
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333,487
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$
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–
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$
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–
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$
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333,487
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$
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–
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(a)
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(b)
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(c)
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(e)
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||||||
Party-in-
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Identity of issuer, borrower,
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Description of investment including maturity date,
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Current
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Interest
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lessor or similar party
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rate of interest, collateral, par or maturity value
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Value
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||||||
Vanguard Total Stock Market Index Fund Institutional Shares
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Mutual fund
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$
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63,888,022
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State Street Target Retirement 2030 Class VI
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Collective trust fund
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29,413,738
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State Street Target Retirement 2035 Class VI
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Collective trust fund
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23,734,463
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Nuveen Winslow Large-Cap Growth ESG Fund Class I
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Mutual fund
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21,172,295
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State Street Target Retirement 2025 Class VI
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Collective trust fund
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20,925,931
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State Street Target Retirement 2040 Class VI
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Collective trust fund
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19,735,612
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Invesco Stable Value Class B1
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Collective trust fund
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17,635,578
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State Street Target Retirement 2050 Class VI
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Collective trust fund
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16,305,332
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Dodge & Cox Stock Fund Class X
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Mutual fund
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15,542,618
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William Blair Small-Mid Cap Growth CIT Class IV
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Collective trust fund
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15,212,469
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State Street Target Retirement 2045 Class VI
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Collective trust fund
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14,944,896
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Personal Choice Retirement Account
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Self-directed investments
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14,930,354
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Vanguard Total Bond Market Index Fund Institutional Shares
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Mutual fund
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13,705,730
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State Street Target Retirement 2055 Class VI
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Collective trust fund
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12,745,661
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DFA U.S. Targeted Value Class I
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Mutual fund
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12,688,713
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|||||||
Loomis Sayles Core Plus Fixed Income Class F
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Collective trust fund
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10,087,220
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|||||||
American Funds EuroPacific Growth Fund Class R-6
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Mutual fund
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9,524,460
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|||||||
*
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Enpro Inc. Common Stock
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Employer Securities
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7,965,580
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||||||
State Street Target Retirement 2020 Class VI
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Collective trust fund
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7,868,633
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|||||||
Vanguard Total International Stock Index Fund Institutional Shares
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Mutual fund
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7,814,286
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|||||||
State Street Target Retirement 2060 Class VI
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Collective trust fund
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6,110,239
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|||||||
State Street Target Retirement Income Securities Lending Series Fund Class VI
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Collective trust fund
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2,718,362
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|||||||
State Street Target Retirement 2065 Class VI
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Collective trust fund
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2,065,305
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|||||||
*
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Schwab US Treasury Money Fund
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Interest-bearing cash
|
555
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||||||
PIMCO Total Return Fund Institutional Class
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Mutual fund
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58
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|||||||
*
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Participant loans
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Interest rates ranging from 3.25% to 9.50%
|
6,120,948
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||||||
$
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372,857,058
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Exhibit No.
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Document
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Consent of GreerWalker LLP
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ENPRO INDUSTRIES, INC. RETIREMENT SAVINGS PLAN
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By: | ENPRO INC., Plan Administrator | |
By:
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/s/ Robert S. McLean
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Robert S. McLean
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Executive Vice President and General Counsel
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