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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2024
EBP 001  
Employee Benefit Plan, Investment, Fair Value and NAV [Line Items]  
Schedule of Information for NAV Per Share and Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information for which the NAV per share practical expedient was used:

 

 

 

Net Asset Value used as a practical expedient as of December 31, 2024:

 

 

 

 

 

 

 

Redemption

 

 

 

 

 

 

 

Unfunded

 

Frequency

 

Redemption

Description

 

Fair Value

 

 

Commitments

 

(If Currently Eligible)

 

Notice Period

Invesco Stable Value Trust Fund

 

$

3,472,715

 

 

N/A

 

Daily

 

12 months

 

 

 

Net Asset Value used as a practical expedient as of December 31, 2023:

 

 

 

 

 

 

 

Redemption

 

 

 

 

 

 

 

Unfunded

 

Frequency

 

Redemption

Description

 

Fair Value

 

 

Commitments

 

(If Currently Eligible)

 

Notice Period

Invesco Stable Value Trust Fund

 

$

3,703,050

 

 

N/A

 

Daily

 

12 months

The following tables present information about assets and liabilities measured at fair value on a recurring basis:

 

Fair value measurements as of December 31, 2024, using:

 

 

Quoted prices

 

 

Significant

 

 

 

 

 

 

 

 

in active

 

 

other

 

 

Significant

 

 

 

 

 

markets for

 

 

observable

 

 

unobservable

 

 

 

 

 

identical assets

 

 

inputs

 

 

inputs

 

 

 

 

Description

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Registered investment companies

$

40,077,354

 

 

 

 

 

 

 

 

$

40,077,354

 

Culp, Inc. common stock

$

1,153,883

 

 

 

 

 

 

 

 

$

1,153,883

 

Money market fund

 

 

 

$

43,493

 

 

 

 

 

$

43,493

 

Total investments in the fair value hierarchy

$

41,231,237

 

 

$

43,493

 

 

$

 

 

$

41,274,730

 

 

 

 

 

 

 

 

 

 

 

 

Investments at net asset value, as a practical expedient:

 

 

 

 

 

 

 

 

 

 

 

Common and collective trust fund



 

 



 

 



 

 

$

3,472,715

 

 

 

 

 

 

 

 

 

 

 

 

Total investments at fair value



 

 



 

 



 

 

$

44,747,445

 

 

 

 

 

Fair value measurements as of December 31, 2023, using:

 

 

Quoted prices

 

 

Significant

 

 

 

 

 

 

 

 

in active

 

 

other

 

 

Significant

 

 

 

 

 

markets for

 

 

observable

 

 

unobservable

 

 

 

 

 

identical assets

 

 

inputs

 

 

inputs

 

 

 

 

Description

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Registered investment companies

$

36,961,195

 

 

 

 

 

 

 

 

$

36,961,195

 

Culp, Inc. common stock

$

968,890

 

 

 

 

 

 

 

 

$

968,890

 

Money market fund

 

 

 

$

42,054

 

 

 

 

 

$

42,054

 

Total investments in the fair value hierarchy

$

37,930,085

 

 

$

42,054

 

 

$

 

 

$

37,972,139

 

 

 

 

 

 

 

 

 

 

 

 

Investments at net asset value, as a practical expedient:

 

 

 

 

 

 

 

 

 

 

 

Common and collective trust fund



 

 



 

 



 

 

$

3,703,050

 

 

 

 

 

 

 

 

 

 

 

 

Total investments at fair value



 

 



 

 



 

 

$

41,675,189