Company: MGRC
Filing Date: 2025-06-04
Form Type: 11-K
Source: 0000950170-25-081595
Chunk: 7

Company: MCGRATH RENTCORP
Filing Date: 2025-06-04
Form: 11-K
Chunk 7
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. The Plan Administrator determines the Plan’s valuation policies utilizing information provided by the investment advisers, custodians and insurance company. See Note 4 for discussion of fair value measurements.

Purchases and sales of investments are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net appreciation includes the Plan’s net gains and losses on investments bought and sold as well as held during the year.

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Notes Receivable from Participants Loans to participants are reported at their unpaid principal balances plus any accrued but unpaid interest. Interest income is recorded on the accrual basis. Related fees are recorded as administrative expenses and are expensed when they are incurred. 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. Payment of Benefits Benefits are recorded when paid. Administrative Expenses Investment and administrative costs charged by the Trustee totaling $112,091 for 2024 were paid from participant’s accounts. The Company pays all other administrative costs for the Plan. NOTE 3 – CONCENTRATION OF RISK The fair value of individual investments that represents 10% or more of the Plan’s net assets available for benefits were as follows:

|                                      |     | As of December 31, |       2024 |     |   |       2023 |
|:-------------------------------------|:----|:-------------------|-----------:|:----|:--|-----------:|
| McGrath RentCorp Unitized Stock Fund |     | $                  | 26,640,855 |     | $ | 30,249,579 |

NOTE 4 – FAIR VALUE MEASUREMENT FASB Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures , provides the framework for measuring fair value and establishes a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under FASB ASC 820 are described as follows:

| Level 1 | Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the KSOP has the ability to access. |
| Level 2 | •Quoted prices