Company: MGRC
Filing Date: 2025-06-04
Form Type: 11-K
Source: 0000950170-25-081595
Chunk: 11

Company: MCGRATH RENTCORP
Filing Date: 2025-06-04
Form: 11-K
Chunk 11
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, is at least 50% greater than consensus expectations.

Fidelity Institutional Asset Management (FIAM) Core Plus Com Pool CL I is a collective investment trust (CIT). This fund seeks income from a core exposure to investment-grade bonds and investments in extended plus sectors, such as high yield, emerging-market debt, leveraged loans, and high-yield commercial mortgage-backed securities (CMBS).

Galliard Stable Return Fund seeks to provide investors with a moderate level of stable income without principal volatility. The Fund is designed for investors seeking more income than money market funds without the price fluctuation of stock or bond funds.

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MetLife Collective Investment Trust, through its investment in the group annuity contract and other investments, simulates the performance of a guaranteed investment contract through an issuer’s guarantee of a specific interest rate and portfolio of financial instruments that are owned by the issuer.

The Great Gray Trust EUROPACGRTH CT fund is a collective investment trust (CIT) that aims for long-term capital growth by investing in international equities. It is managed by Great Gray Trust Company, LLC and follows the MSCI ACWI Ex USA benchmark. The top sectors for investment include banks, semiconductors, software, aerospace & defense, and drug manufacturers. The fund also has a diverse geographical allocation, with investments in countries such as the United Kingdom, Japan, Germany, France, and Canada.

NOTE 5 – TAX STATUS

The Internal Revenue Service (“IRS”) has determined and informed the Company by a determination letter dated July 15, 2014, that the Plan is qualified, and the trust established under the KSOP is tax-exempt, under the appropriate sections of the Code. Although the Plan has been amended since receiving the determination letter, the Plan administrator and the Plan's tax counsel believe that the Plan is designed, and is currently being operated, in compliance with the applicable requirements of the Code and, therefore, believe that the Plan is qualified, and the related trust is tax-exempt.

U.S. GAAP requires Plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS and state taxing authorities. The Plan Administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of