06/29/2026 | Press release | Distributed by Public on 06/29/2026 14:44
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Report of Independent Registered Public Accounting Firm
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1
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Audited Financial Statements
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Statements of Net Assets Available for Benefits
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2
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Statements of Changes in Net Assets Available for Benefits
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3
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Notes to Financial Statements
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4-12
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Supplemental Schedule
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Schedule H, Line 4(i) - Schedule of Assets (Held at End of Year)
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14
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2025
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2024
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Investments, at fair value
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$ | 432,183,469 | $ | 393,989,201 | ||||
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Notes receivable from participants
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4,782,331 | 4,909,742 | ||||||
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Employer contributions receivable
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447,248 | 372,329 | ||||||
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Participant contributions receivable
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- | 52 | ||||||
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Net assets available for benefits
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$ | 437,413,048 | $ | 399,271,324 | ||||
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2025
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2024
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Contributions
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Employer
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$ | 10,511,338 | $ | 10,700,550 | ||||
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Participant
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14,556,251 | 14,776,805 | ||||||
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Rollovers/Other
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1,933,406 | 3,105,726 | ||||||
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Total contributions
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27,000,995 | 28,583,081 | ||||||
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Net investment income
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Net appreciation in fair value of investments
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45,467,698 | 44,294,716 | ||||||
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Interest and dividends
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9,607,652 | 8,029,533 | ||||||
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Total net investment income
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55,075,350 | 52,324,249 | ||||||
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Interest income from notes receivable from participants
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413,250 | 397,172 | ||||||
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Deductions
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Benefits paid to participants
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(44,148,408 | ) | (68,548,306 | ) | ||||
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Fees
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(199,463 | ) | (180,921 | ) | ||||
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Total deductions
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(44,347,871 | ) | (68,729,227 | ) | ||||
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Net increase in net assets available for benefits
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38,141,724 | 12,575,275 | ||||||
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Net assets available for benefits
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Beginning of year
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399,271,324 | 386,696,049 | ||||||
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End of year
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$ | 437,413,048 | $ | 399,271,324 | ||||
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NOTES TO FINANCIAL STATEMENTS
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NOTES TO FINANCIAL STATEMENTS
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NOTES TO FINANCIAL STATEMENTS
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NOTES TO FINANCIAL STATEMENTS
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NOTES TO FINANCIAL STATEMENTS
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NOTES TO FINANCIAL STATEMENTS
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NOTES TO FINANCIAL STATEMENTS
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Assets at Fair Values as of December 31, 2025 | |||||||
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Level 1
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Total
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Mutual funds
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$ | 160,140,231 | $ | 160,140,231 | ||||
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Common stock of Trustmark Corporation
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16,473,118 | 16,473,118 | ||||||
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Self-directed brokerage accounts
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22,228,731 | 22,228,731 | ||||||
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Total investments at fair value
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198,842,080 | 198,842,080 | ||||||
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Collective investment funds measured at NAV*
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- | 192,747,015 | ||||||
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Pooled separate account measured at NAV*
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- | 40,594,374 | ||||||
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Total investments
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$ | 198,842,080 | $ | 432,183,469 | ||||
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Assets at Fair Values as of December 31, 2024 | |||||||
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Level 1
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Total
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Mutual funds
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$ | 145,788,288 | $ | 145,788,288 | ||||
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Common stock of Trustmark Corporation
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17,390,020 | 17,390,020 | ||||||
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Self-directed brokerage accounts
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17,858,332 | 17,858,332 | ||||||
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Total investments at fair value
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181,036,640 | 181,036,640 | ||||||
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Collective investment funds measured at NAV*
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- | 174,713,346 | ||||||
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Pooled separate account measured at NAV*
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- | 38,239,215 | ||||||
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Total investments
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$ | 181,036,640 | $ | 393,989,201 | ||||
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NOTES TO FINANCIAL STATEMENTS
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| Investment |
Fair Value at December 31, 2025 |
Unfunded Commitments |
Redemption Frequency |
Redemption Notice Period |
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Collective investment funds
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$ | 192,747,015 | N/A | Daily |
Daily
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Pooled separate account
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40,594,374 | N/A | Daily |
Daily
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| Investment |
Fair Value at December 31, 2024 |
Unfunded Commitments |
Redemption Frequency |
Redemption Notice Period |
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Collective investment funds
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$ | 174,713,346 | N/A |
Daily
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Daily
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Pooled separate account
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38,239,215 | N/A |
Daily
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Daily
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NOTES TO FINANCIAL STATEMENTS
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2025
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2024
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Net assets available for benefits per the financial statements
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$ | 437,413,048 | $ | 399,271,324 | ||||
| Adjustment from fair value to current value on collective investment funds | (856,212 | ) | (1,546,898 | ) | ||||
| Net assets available for plan benefits per the Form 5500 | $ | 436,556,836 | $ | 397,724,426 | ||||
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2025
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2024
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Total net investment income per the financial statements
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$ | 55,075,350 | $ | 52,324,249 | ||||
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Adjustment from fair value to current value on collective investment funds
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690,686 | 162,853 | ||||||
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Total investment income per Form 5500
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$ | 55,766,036 | $ | 52,487,102 | ||||
| (a) |
(b) Identity of Issue
Borrower, Lessor
or Similar Party
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(c) Description of Investment, including
Maturity Date, Rate of Interest,
Collateral, Par or Maturity Value
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(d) Cost |
(e) Current
Value
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Collective investment funds
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***
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Putnam
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Stable Value Fund
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**
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$ | 29,644,173 | |||||||
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T. Rowe Price
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Retirement 2010 Trust Fund
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**
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1,440,816 | |||||||||
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T. Rowe Price
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Retirement 2015 Trust Fund
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**
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1,827,672 | |||||||||
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T. Rowe Price
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Retirement 2020 Trust Fund
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**
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7,710,566 | |||||||||
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T. Rowe Price
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Retirement 2025 Trust Fund
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**
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20,445,947 | |||||||||
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T. Rowe Price
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Retirement 2030 Trust Fund
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**
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39,515,555 | |||||||||
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T. Rowe Price
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Retirement 2035 Trust Fund
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**
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27,226,715 | |||||||||
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T. Rowe Price
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Retirement 2040 Trust Fund
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**
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20,093,650 | |||||||||
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T. Rowe Price
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Retirement 2045 Trust Fund
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**
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19,221,285 | |||||||||
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T. Rowe Price
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Retirement 2050 Trust Fund
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**
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10,324,557 | |||||||||
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T. Rowe Price
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Retirement 2055 Trust Fund
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**
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8,643,815 | |||||||||
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T. Rowe Price
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Retirement 2060 Trust Fund
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**
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4,375,111 | |||||||||
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T. Rowe Price
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Retirement Balanced Trust Fund
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**
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1,420,941 | |||||||||
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Total collective investment funds
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191,890,803 | |||||||||||
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Common stock
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*
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Trustmark Corporation
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Common Stock
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**
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16,473,118 | ||||||||
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Pooled separate account
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*
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Empower
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Jennison Large Cap Growth Fund
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**
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40,594,374 | ||||||||
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Mutual funds
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Allspring
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Common Stock R6 Fund
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**
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1,444,289 | |||||||||
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American Funds
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Euro Pacific Growth Fund R6
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**
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5,701,349 | |||||||||
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Baird
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Core Plus Bond Institutional Fund
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**
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7,808,576 | |||||||||
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John Hancock
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Alternative Asset Allocation Fund I
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**
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421,444 | |||||||||
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Legg Mason
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BW Global Opportunities Bond Fund
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**
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657,762 | |||||||||
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Invesco
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International Small Mid Co Fund Y
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**
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6,779,967 | |||||||||
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Vanguard
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Equity-Income Admiral Fund
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**
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36,854,245 | |||||||||
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Vanguard
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Inflation-Protected Securities Admiral Fund
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**
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2,554,703 | |||||||||
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Vanguard
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Institutional Index Fund
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**
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37,489,204 | |||||||||
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Vanguard
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Mid Cap Index Institutional Fund
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**
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25,011,981 | |||||||||
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Vanguard
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Small Cap Index Institutional Fund
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**
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21,036,873 | |||||||||
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Vanguard
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Total Bond Market Index Admiral Fund
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**
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5,196,679 | |||||||||
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Vanguard
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Total International Stock Index Institutional Fund
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**
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9,183,159 | |||||||||
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Total mutual funds
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160,140,231 | |||||||||||
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Self-directed brokerage accounts
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Charles Schwab & Co., Inc.
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Cash & Cash Equivalents
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**
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3,135,591 | |||||||||
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Charles Schwab & Co., Inc.
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Various Mutual Funds
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**
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2,757,110 | |||||||||
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Charles Schwab & Co., Inc.
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Various Exchange Traded Funds
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**
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16,336,030 | |||||||||
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Total self-directed brokerage accounts
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22,228,731 | |||||||||||
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*
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Notes receivable from participants
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Interest rates from 4.25% to 9.50% with various maturity dates
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- | 4,782,331 | ||||||||
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Total assets (held at end of year)
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$ | 436,109,588 |
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BY:
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/s/ Joseph E. Bond
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Joseph E. Bond
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Treasurer, Principal Financial Officer
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DATE:
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June 29, 2026
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Exhibit Number |
Description of Exhibits |
| 23.1 | Consent of Independent Registered Public Accounting Firm |