Company: SENEA
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0001437749-25-021427
Chunk: 9

Company: Seneca Foods Corp
Filing Date: 2025-06-27
Form: 11-K
Chunk 9
---
 |     |              | - |
| Total assets in the fair value hierarchy     |     |            $ | 216,661,255 |     | $                | 104,853,886 |     | $           | 111,807,369 |     | $            | - |
| Investments measured at net asset value (a)  |     |              |   3,593,625 |     |                  |             |     |             |             |     |              |   |
| Total investments at fair value              |     |            $ | 220,254,880 |     |                  |             |     |             |             |     |              |   |

(a) In accordance with FASB ASC 820-10, certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient 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 amounts presented in the statements of net assets available for benefits.

<div align='center'>9</div>

SENECA FOODS CORPORATION EMPLOYEES' SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

The following table summarizes investments measured at fair value based on NAV per share as of December 31, 2024 and 2023:

|                    |     | Fair Value as of 
 2024             | December 31, |     | 2023 | December 31, |     | Commitments | Unfunded |     | Frequency | Redemption | Notice Period |
|:-------------------|:----|:-----------------|-------------:|:----|:-----|-------------:|:----|:------------|:---------|:----|:----------|:-----------|:--------------|
| Variable annuities |     | $                |    5,249,021 |     | $    |    3,593,625 |     | $           | -        |     | Daily     |            | None          |

NOTE 5 - GROUP ANNUITY CONTRACT

The Plan has a fully benefit-responsive guaranteed investment group annuity contract with Empower Life & Annuity Insurance Company of New York (the “insurance company” and/or "Empower"), which is called the Key Guaranteed Portfolio Fund and totaled $6,008,271 and $8,383,384 at December 31, 2024 and 2023, respectively. The