Table of Content As of December 31, 2023, expected future benefit payments are as follows for the years ended December 31, (in thousands): 2024 $ 3,838 2025 4,010 2026 3,955 2027 4,039 2028 4,044 2029-2033 20,432 $ 40,318 Total The following tables summarize the plan assets of the U.K. Plan measured at fair value on a recurring basis (at least annually) as of December 31, 2023 and 2022 (in thousands): December 31, 2023 Quoted Prices in Active Markets Significant Significant for Observable Unobservable Identical Assets Inputs Inputs Asset Category Total (Level 1) (Level 2) (Level 3) Cash $ 2,992 $ 2,992 $ — $ — Equity securities: Diversified growth fund (a) 9,426 — 3,297 6,129 Fixed income securities: U.K. government fixed income securities (b) 9,369 — 9,369 — U.K. government index-linked securities (c) 9,255 — 9,255 — Corporate bonds (d) 32,608 — 32,608 — Total $ 63,650 $ 2,992 $ 54,529 $ 6,129 December 31, 2022 Quoted Prices in Active Markets Significant Significant for Observable Unobservable Identical Assets Inputs Inputs Asset Category Total (Level 1) (Level 2) (a) (Level 3) Cash $ 1,861 $ 1,861 $ — $ — Equity securities: Diversified growth fund (a) 15,285 — 4,848 10,437 Fixed income securities: U.K. government fixed income securities (b) 6,471 — 6,471 — U.K. government index-linked securities (c) 7,942 — 7,942 — Corporate bonds (d) 25,009 — 25,009 — Total $ 56,568 $ 1,861 $ 44,270 $ 10,437 a. This category includes investments in a diversified portfolio of equity, alternatives and cash markets that aims to achieve capital growth returns. b. This category includes investments in funds with the objective to provide a leveraged return to U.K. government fixed income securities (bonds) that have maturity periods ranging from 2030 to 2060. c. This category includes investments in funds with the objective to provide a leveraged return to various U.K. government indexed-linked securities (gilts), with maturity periods ranging from 2027 to 2062. The funds invest in U.K. government bonds and derivatives. d. This category includes investments in a diversified pool of debt and debt like assets to generate capital and income returns. Investment objectives for the U.K. Plan, as of December 31, 2023, are to: • optimize the long-term return on plan assets at an acceptable level of risk • maintain a broad diversification across asset classes 62