Company: GGG
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000042888-25-000011
Chunk: 92

Company: GRACO INC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 92
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,089 58,280 Fixed incomeN/A64,331 49,595 Real estate and otherN/A4,545 15,400 Investments measured at net asset value149,965 123,275 Total$182,546 $160,851 The following table is a reconciliation of pension assets measured at fair value using level 3 inputs (in thousands):

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20242023Balance, beginning of year$36,151 $32,163 Purchases2,331 2,593 Redemptions(4,133)(2,833)Unrealized (losses) gains (1,883)4,228 Balance, end of year$32,466 $36,151 The following provides a reconciliation of the changes in the plans’ benefit obligations and fair value of assets over the periods ending December 27, 2024 and December 29, 2023, and a statement of the funded status as of the same dates (in thousands): Pension BenefitsPostretirement Medical Benefits 2024202320242023Change in benefit obligationObligation, beginning of year$213,575 $315,807 $22,654 $22,930 Service cost5,097 5,729 344 348 Interest cost9,194 16,535 1,148 1,165 Actuarial (gain) loss (19,973)32,763 (2,153)(237)Benefit payments(3,117)(12,103)(1,658)(1,552)Plan amendments(285)(250)— — Settlements(3,579)(149,212)— — Exchange rate changes(3,603)4,306 — — Obligation, end of year$197,309 $213,575 $20,335 $22,654 Change in plan assetsFair value, beginning of year$160,851 $281,175 $— $— Actual return on assets7,658 14,504 — — Employer contributions23,216 23,066 1,658 1,552 Benefit payments(3,117)(12,103)(1,658)(1,552)Settlements(3,579)(149,212)— — Exchange rate changes(2,483)3,421 —