{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/205/962/","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","number":"205-962","topic":"205","title":"Plan Accounting—Defined Contribution Pension Plans","area":"Presentation","paragraphs":21,"summary":"This subtopic governs how a defined contribution pension plan presents its GAAP financial statements. On the accrual basis, the plan must present a statement of net assets available for benefits at plan year-end and a statement of changes in net assets available for benefits for the year, showing total assets, total liabilities, and net assets available for benefits, plus specified minimum categories of changes (net appreciation/depreciation in fair value, investment income, employer/participant/other contributions, benefits paid, insurance contract purchases, and administrative expenses). It also lists required note disclosures about the plan agreement, amendments, contribution basis, tax status, forfeitures, and similar matters.","concepts":["net assets available for benefits","statement of changes in net assets available for benefits","accrual basis","fully benefit-responsive investment contract","master trust interest","forfeited nonvested accounts","employee benefit plan financial statements","erisa minimum funding requirements"],"categories":["Presentation","Disclosure","Compensation and benefits","Financial statement presentation"],"level":"intermediate","topic_title":"Presentation of Financial Statements","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"205-962-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
Benefits Amended Accounting Standards Update No. 2016-19 12/14/2016
Benefits (3rd def.) Added Accounting Standards Update No. 2014-06 03/14/2014
Defined Contribution Plan Amended Accounting Standards Update No. 2014-06 03/14/2014
Sponsor (3rd def.) Added Accounting Standards Update No. 2014-06 03/14/2014
962-205-45-2 Amended Accounting Standards Update No. 2015-12 (Part I) 07/31/2015
962-205-45-3 Superseded Accounting Standards Update No. 2015-12 (Part I) 07/31/2015
962-205-45-3 Amended Accounting Standards Update No. 2012-04 10/01/2012
962-205-45-4 Amended Accounting Standards Update No. 2014-06 03/14/2014
962-205-45-5 Superseded Accounting Standards Update No. 2018-09 07/16/2018
962-205-45-7 Amended Maintenance Update 2016-11 (PDF) 06/27/2016
962-205-45-7 Amended Accounting Standards Update No. 2015-12 (Part II) 07/31/2015
962-205-45-7 Amended Accounting Standards Update No. 2014-06 03/14/2014
962-205-45-7 Amended Accounting Standards Update No. 2012-04 10/01/2012
962-205-45-10 Added Accounting Standards Update No. 2017-06 02/27/2017
962-205-50-1 Amended Maintenance Update 2016-11 (PDF) 06/27/2016
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This Subtopic provides guidance on the presentation of financial statements of defined contribution pension plans.
","snippet":"This Subtopic provides guidance on the presentation of financial statements of defined contribution pension plans.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b5b4f6b7a45c8d66c675be6400216304568c241834c7553a1557d51dcc1d6e9f","downloaded_from":"2026-09-09T22:57:03.726Z","last_downloaded_at":"2026-09-09T22:57:03.726Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477562","source_sha256":"a16e7e153f670c24c43eb0b5c7687d7a20c4cb464d86460bbe659be39667af80"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:645dc3d90846a27a34dcdaf2078aadfefbb2211c1b0bcb6a2206193d49c63a3a","downloaded_from":"2026-09-09T22:57:03.726Z","last_downloaded_at":"2026-09-09T22:57:03.726Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477562","source_sha256":"a16e7e153f670c24c43eb0b5c7687d7a20c4cb464d86460bbe659be39667af80"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:46789dbbce5ceefb0aa5bb3fe45b301ea394e54af9c3e9b6975f957440cb06f6","downloaded_from":"2026-09-09T22:57:03.726Z","last_downloaded_at":"2026-09-09T22:57:03.726Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477562","source_sha256":"a16e7e153f670c24c43eb0b5c7687d7a20c4cb464d86460bbe659be39667af80"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"205-962-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 962-10-15.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 962-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:50c1a719f53bb6782dd4b2139369d2527a6f8e98c9045e44b425a42dd1b9b319","downloaded_from":"2026-09-09T22:57:06.466Z","last_downloaded_at":"2026-09-09T22:57:06.466Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477521","source_sha256":"7ac592de20928b3a428dbcdab358362ba9d9e3ac25f0c3a0a2ad5e5da0b83de7"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:49cf170766144831bbf145c01e56240d3336216ad275b4ceff4ac684e1e7b1f8","downloaded_from":"2026-09-09T22:57:06.466Z","last_downloaded_at":"2026-09-09T22:57:06.466Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477521","source_sha256":"7ac592de20928b3a428dbcdab358362ba9d9e3ac25f0c3a0a2ad5e5da0b83de7"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:52e4927386f5dd61e0e13e96c25d95b1a1312420cb4a4302ae91e8b0d0bd45a7","downloaded_from":"2026-09-09T22:57:06.466Z","last_downloaded_at":"2026-09-09T22:57:06.466Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477521","source_sha256":"7ac592de20928b3a428dbcdab358362ba9d9e3ac25f0c3a0a2ad5e5da0b83de7"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"205-962-45-1","para":"45-1","html":"
The financial statements of a defined contribution plan prepared in accordance with generally accepted accounting principles (GAAP) shall be prepared on the accrual basis of accounting and include both of the following:
  1. a
    A statement of net assets available for benefits of the plan as of the end of the plan year
  2. b
    A statement of changes in net assets available for benefits of the plan for the year then ended.
","snippet":"The financial statements of a defined contribution plan prepared in accordance with generally accepted accounting principles (GAAP) shall be prepared on the accrual basis of accounting and include both of the following:\n…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9a58147ac5eb33058cd98a78888b6c547afa3a75601c961bbb26a7561db47ed7","downloaded_from":"2026-09-09T22:57:12.422Z","last_downloaded_at":"2026-09-09T22:57:12.422Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477063","source_sha256":"3f44feab743a89810885799428d0e64fb01181a9472317abe6f237b3a95cb3f7"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:93b96f486e34fd02773ff90e62151879a1e6a6c6d36f9df6e6e20587204d4ba8","downloaded_from":"2026-09-09T22:57:12.422Z","last_downloaded_at":"2026-09-09T22:57:12.422Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477063","source_sha256":"3f44feab743a89810885799428d0e64fb01181a9472317abe6f237b3a95cb3f7"}},{"block":null,"heading":"Net Assets Available for Benefits","paragraphs":[{"citation":"205-962-45-2","para":"45-2","html":"
The statement of net assets available for benefits of the plan shall present amounts for all of the following:
  1. a
    Total assets
  2. b
    Total liabilities
  3. c
    Subparagraph superseded by Accounting Standards Update No. 2015-12. (Part I).
  4. d
    Net assets available for benefits.
","snippet":"The statement of net assets available for benefits of the plan shall present amounts for all of the following:\n(a) Total assets\n(b) Total liabilities\n(c) Subparagraph superseded by Accounting Standards Update No. 2015-12…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fe88319e13867d430eb37586ed84d1007c83e49a5c03fc29a0b031157c99aecf","downloaded_from":"2026-09-09T22:57:12.422Z","last_downloaded_at":"2026-09-09T22:57:12.422Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477063","source_sha256":"3f44feab743a89810885799428d0e64fb01181a9472317abe6f237b3a95cb3f7"}},{"citation":"205-962-45-3","para":"45-3","html":"
Paragraph superseded by Accounting Standards Update No. 2015-12 (Part I).
","snippet":"Paragraph superseded by Accounting Standards Update No. 2015-12 (Part I).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5fa1fb4005fbd8cdee58cf621af946285795518f84535fe145f71f59c196693a","downloaded_from":"2026-09-09T22:57:12.422Z","last_downloaded_at":"2026-09-09T22:57:12.422Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477063","source_sha256":"3f44feab743a89810885799428d0e64fb01181a9472317abe6f237b3a95cb3f7"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bc15eafc3ca13cc717d3e5195f48fa6f07c75573789ddb643f9256d50346e891","downloaded_from":"2026-09-09T22:57:12.422Z","last_downloaded_at":"2026-09-09T22:57:12.422Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477063","source_sha256":"3f44feab743a89810885799428d0e64fb01181a9472317abe6f237b3a95cb3f7"}},{"block":null,"heading":"Other Components of Net Assets Available for Benefits","paragraphs":[{"citation":"205-962-45-4","para":"45-4","html":"
A plan may have liabilities (other than for benefits) that shall be accrued. Such liabilities may be for amounts owed for securities purchased, refund of excess contributions, income taxes payable by the plan, or other expenses (for example, third-party administrator fees). These liabilities shall be deducted to arrive at net assets available for benefits.
","snippet":"A plan may have liabilities (other than for benefits) that shall be accrued. Such liabilities may be for amounts owed for securities purchased, refund of excess contributions, income taxes payable by the plan, or other e…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6587d384ec29541aa6c10cd33fb0dfa39dd12c2d1e620ccf5a885bf315acf8f3","downloaded_from":"2026-09-09T22:57:12.422Z","last_downloaded_at":"2026-09-09T22:57:12.422Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477063","source_sha256":"3f44feab743a89810885799428d0e64fb01181a9472317abe6f237b3a95cb3f7"}},{"citation":"205-962-45-5","para":"45-5","html":"
Paragraph superseded by Accounting Standards Update No. 2018-09.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2018-09.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:073e31c6f47cd737b5455361d3f8978d9c95eea45414fdc800b97a009341e552","downloaded_from":"2026-09-09T22:57:12.422Z","last_downloaded_at":"2026-09-09T22:57:12.422Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477063","source_sha256":"3f44feab743a89810885799428d0e64fb01181a9472317abe6f237b3a95cb3f7"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cd04e2f913e5ad8c9f54949648ef6338783f4a01a383043c72a5b0f2c034dc48","downloaded_from":"2026-09-09T22:57:12.422Z","last_downloaded_at":"2026-09-09T22:57:12.422Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477063","source_sha256":"3f44feab743a89810885799428d0e64fb01181a9472317abe6f237b3a95cb3f7"}},{"block":null,"heading":"Changes in Net Assets Available for Benefits","paragraphs":[{"citation":"205-962-45-6","para":"45-6","html":"
The statement of changes in net assets available for benefits shall be prepared on a basis that reflects income credited to participants in the plan and net appreciation or depreciation in the fair value of only those investment contracts that are not deemed to be fully benefit-responsive. Paragraph 962-325-35-5 provides guidance on the accounting for fully benefit-responsive investment contracts.
","snippet":"The statement of changes in net assets available for benefits shall be prepared on a basis that reflects income credited to participants in the plan and net appreciation or depreciation in the fair value of only those in…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f013e11863622957fbd2b3f56668f89ae1237ce40f935e89cdd2211c827ca0e5","downloaded_from":"2026-09-09T22:57:12.422Z","last_downloaded_at":"2026-09-09T22:57:12.422Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477063","source_sha256":"3f44feab743a89810885799428d0e64fb01181a9472317abe6f237b3a95cb3f7"}},{"citation":"205-962-45-7","para":"45-7","html":"
Information about changes in net assets available for benefits is intended to present the effects of significant changes in net assets during the year and shall present, at a minimum, all of the following:
  1. a
    The net appreciation or depreciation in fair value. Net appreciation or depreciation includes realized gains and losses on investments that were both purchased and sold during the period as well as unrealized appreciation or depreciation of the investments held at year end.
  2. b
    Investment income, exclusive of changes in fair value described in (a).
  3. c
    Contributions from employers, segregated between cash and noncash contributions (a noncash contribution shall be recorded at fair value; the nature of noncash contributions shall be described either parenthetically or in a note).
  4. d
    Contributions from participants, including those transmitted by the sponsor.
  5. e
    Contributions from other identified sources (for example, state subsidies or federal grants).
  6. f
    Benefits paid to participants.
  7. g
    Payments to insurance entities to purchase contracts that are excluded from plan assets.
  8. h
    Administrative expenses.
","snippet":"Information about changes in net assets available for benefits is intended to present the effects of significant changes in net assets during the year and shall present, at a minimum, all of the following:\n(a) The net ap…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:951567e6dcbb6db35c47abb52b21afddd943868eb7f11c3d2b4638a2c485ea05","downloaded_from":"2026-09-09T22:57:12.422Z","last_downloaded_at":"2026-09-09T22:57:12.422Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477063","source_sha256":"3f44feab743a89810885799428d0e64fb01181a9472317abe6f237b3a95cb3f7"}},{"citation":"205-962-45-8","para":"45-8","html":"
The list of minimum disclosures is not intended to limit the amount of detail or the manner of presenting the information, and subclassifications or additional classifications may be useful. Other changes in net assets available for benefits (for example, transfers of assets to or from other plans or proceeds from demutualization) shall be presented separately in the financial statements if they are significant.
","snippet":"The list of minimum disclosures is not intended to limit the amount of detail or the manner of presenting the information, and subclassifications or additional classifications may be useful. Other changes in net assets a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:edde6b677a0b1c43a5e12bde64f07daee38299097ab01a00397aefb57f50a5ed","downloaded_from":"2026-09-09T22:57:12.422Z","last_downloaded_at":"2026-09-09T22:57:12.422Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477063","source_sha256":"3f44feab743a89810885799428d0e64fb01181a9472317abe6f237b3a95cb3f7"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:42d199cd80f94a9f0b296081755b18eb838c3d1ffbef10736884c6d0d18aa88d","downloaded_from":"2026-09-09T22:57:12.422Z","last_downloaded_at":"2026-09-09T22:57:12.422Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477063","source_sha256":"3f44feab743a89810885799428d0e64fb01181a9472317abe6f237b3a95cb3f7"}},{"block":null,"heading":"Statement of Cash Flows","paragraphs":[{"citation":"205-962-45-9","para":"45-9","html":"
Paragraph 230-10-15-4 states that a statement of cash flows is not required to be provided by a defined benefit pension plan that presents financial information in accordance with this Subtopic. That paragraph also states that other employee benefit plans that present financial information similar to that required by Topic 960 (including the presentation of plan investments at fair value) are not required to provide a statement of cash flows. That paragraph also states that employee benefit plans are encouraged to include a statement of cash flows with their annual financial statements if that statement would provide relevant information about the ability of the plan to meet future obligations (for example, if the plan invests in assets that are not highly liquid or obtains financing for investments).
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For each master trust in which a plan holds an interest, a plan shall present that interest and the change in that interest in separate line items in the statement of net assets available for benefits and in the statement of changes in net assets available for benefits, respectively. See Section 962-325-50 for master trust disclosures.
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The financial statements shall disclose, if applicable, all of the following:
  1. a
    A brief, general description of the plan agreement including, but not limited to, vesting and allocation provisions and the disposition of forfeitures. If a plan agreement or a description providing this information is otherwise published and made available, this description may be omitted from the financial statements provided that reference to the other source is made.
  2. b
    A description of significant plan amendments adopted during the period, and the effects of such amendments on net assets if significant either individually or in the aggregate.
  3. c
    The amount of unallocated assets, as well as the basis used to allocate asset values to participants' accounts if that basis differs from the one used to record assets in the financial statements.
  4. d
    The basis for determining contributions by employers and, for a contributory plan, the method of determining participants' contributions. Plans subject to the minimum funding requirements of the Employee Retirement Income Security Act, such as money purchase pension plans, shall disclose whether those requirements have been met. If a minimum funding waiver has been granted by the Internal Revenue Service (IRS), or if a request for waiver is pending before the IRS, that fact shall be disclosed.
  5. e
    If significant costs of plan administration are being absorbed by the employers, that fact shall be disclosed in the notes to financial statements.
  6. f
    The policy regarding the purchase of contracts with insurance entities that are excluded from plan assets.
  7. g
    The federal income tax status of the plan if a favorable determination letter has not been obtained or maintained. Note that reports filed in accordance with the requirements of the Employee Retirement Income Security Act must include disclosure of information concerning whether a tax ruling or determination letter has been obtained, which is more than is required by Topic 960.
  8. h
    Guarantees by others of debt of the plan.
  9. i
    Amounts allocated to accounts of persons who have elected to withdraw from the plan but have not yet been paid. These amounts shall not be reported as a liability on the statement of net assets available for benefits in financial statements prepared in conformity with generally accepted accounting principles (GAAP). A note to financial statements to reconcile the audited financial statements to Form 5500 may be necessary to comply with the Employee Retirement Income Security Act.
  10. j
    The amount and disposition of forfeited nonvested accounts. Specifically, identification of those amounts that are used to reduce future employer contributions, expenses, or reallocated to participant's accounts, in accordance with plan documents.
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The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
962-205-S99-1AmendedAccounting Standards Update No. 2019-0707/26/2019
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\n962-205-S99-1 | Amended | Accounting Standards Update No. 2019-07 | 07/26/2019 |","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9439eb82ca63aa6468b3a084704800898d4fccedb44e9e4e6db5e0ee92a6a3bf","downloaded_from":"2026-09-09T22:57:18.010Z","last_downloaded_at":"2026-09-09T22:57:18.010Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478437","source_sha256":"11c54a7cd33278612f7993da5e25f02cc462929fcf84340ccb1bc5b9e7e9d939"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bb965a04d6a6836e31999a35e7ba4671ef50aaa190fa3f3d190e61c16f6f3e06","downloaded_from":"2026-09-09T22:57:18.010Z","last_downloaded_at":"2026-09-09T22:57:18.010Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478437","source_sha256":"11c54a7cd33278612f7993da5e25f02cc462929fcf84340ccb1bc5b9e7e9d939"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dbbca847a565a0e5134c0fbae55f7942ede42bc023015a84e64afb15ddb60999","downloaded_from":"2026-09-09T22:57:18.010Z","last_downloaded_at":"2026-09-09T22:57:18.010Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478437","source_sha256":"11c54a7cd33278612f7993da5e25f02cc462929fcf84340ccb1bc5b9e7e9d939"}},{"number":"S15","label":"SEC 15 Scope and Scope Exceptions","anchor":"sec-15-scope-and-scope-exceptions","is_sec":true,"groups":[{"block":null,"heading":"Entities","paragraphs":[{"citation":"205-962-S15-1","para":"S15-1","html":"
See paragraph 962-205-S99-1, Regulation S-X Rule 6A-01, for entities to which Rules 6A-01 through 6A-05 apply.
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See paragraph 962-205-S99-1, Regulation S-X Rule 6A-03, for presentation requirements for statements of financial condition.
","snippet":"See paragraph 962-205-S99-1, Regulation S-X Rule 6A-03, for presentation requirements for statements of financial condition.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:de11555d1f72118bcaa0ea53cdc4ed6ec1b0407863a5277563f88e260e0b8fdf","downloaded_from":"2026-09-09T22:57:27.118Z","last_downloaded_at":"2026-09-09T22:57:27.118Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478427","source_sha256":"2b2183bcc96fdb271f64d584868278727d99e181c87e1ff949b7341608dfb0f6"}},{"citation":"205-962-S45-2","para":"S45-2","html":"
See paragraph 962-205-S99-1, Regulation S-X Rule 6A-04, for presentation requirements for statements of income and changes in plan equity.
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See paragraph 962-205-S99-1, Regulation S-X Rule 6A-02, for disclosure requirements for employee stock purchase, savings, and other plans within the scope of Rule 6A-01.
","snippet":"See paragraph 962-205-S99-1, Regulation S-X Rule 6A-02, for disclosure requirements for employee stock purchase, savings, and other plans within the scope of Rule 6A-01.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:251a1b2dd6614e0f994e98948721da7ca8b47874f3196e4a69e369dfd162aaff","downloaded_from":"2026-09-09T22:57:28.818Z","last_downloaded_at":"2026-09-09T22:57:28.818Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478052","source_sha256":"40c231d02717c049ecba22c016d2a1a348b3df3e6368f90fdc32a0ac1d0468cc"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f6e29bf0c4fb651855dcce91ae7891a6b9184e6ee6bdbf2f35dd17880b445d5a","downloaded_from":"2026-09-09T22:57:28.818Z","last_downloaded_at":"2026-09-09T22:57:28.818Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478052","source_sha256":"40c231d02717c049ecba22c016d2a1a348b3df3e6368f90fdc32a0ac1d0468cc"}},{"block":null,"heading":"Schedules","paragraphs":[{"citation":"205-962-S50-2","para":"S50-2","html":"
See paragraph 962-205-S99-1, Regulation S-X Rule 6A-05, for schedules required to be filed for entities within the scope of Rule 6A-01.
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The following is the text of Regulation S-X Rule 6A, Employee Stock Purchase, Savings and Similar Plans (17 CFR 210.6A-01 through 17 CFR 210.6A-05). [47 FR 56843, Dec. 21, 1982][47 FR 56843, Dec. 21, 1982][27 FR 78710, Aug. 9, 1962. Redesignated at 47 FR 56843, Dec. 21, 1982][27 FR 7870, Aug. 9, 1962. Redesignated at 47 FR 56843, Dec. 21, 1982; 83 FR 50203, Oct. 4, 2018] [45 FR 63676, Sept. 25, 1980. Redesignated at 47 FR 56843, Dec. 21, 1982, and amended at 50 FR 25215, June 18, 1985; 83 FR 50203, Oct. 4, 2018]
","snippet":"The following is the text of Regulation S-X Rule 6A, Employee Stock Purchase, Savings and Similar Plans (17 CFR 210.6A-01 through 17 CFR 210.6A-05).\nRule 6A-01. Application of Rules 6A-01 to 6A-05 (17 CFR 210.6A-01).\nApp…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f7a049c02176749210cb2b869b23285cde56f5309abea702458160d264b34311","downloaded_from":"2026-09-09T22:57:32.204Z","last_downloaded_at":"2026-09-09T22:57:32.204Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477804","source_sha256":"3cfe83a1e95e03e37cd5f47dbff7e8359014536d27fd817cecef42300cccbd18"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a70637aa416ced1754096bf331cb9c595263c199c1d3398c9d4a446e30b1c926","downloaded_from":"2026-09-09T22:57:32.204Z","last_downloaded_at":"2026-09-09T22:57:32.204Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477804","source_sha256":"3cfe83a1e95e03e37cd5f47dbff7e8359014536d27fd817cecef42300cccbd18"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f2ff0aa08982d96c29a1485564c40c0ffe9878969011b443b1f3594eb26bb333","downloaded_from":"2026-09-09T22:57:32.204Z","last_downloaded_at":"2026-09-09T22:57:32.204Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477804","source_sha256":"3cfe83a1e95e03e37cd5f47dbff7e8359014536d27fd817cecef42300cccbd18"}}],"enrichment":{"summary":"This subtopic governs how a defined contribution pension plan presents its GAAP financial statements. On the accrual basis, the plan must present a statement of net assets available for benefits at plan year-end and a statement of changes in net assets available for benefits for the year, showing total assets, total liabilities, and net assets available for benefits, plus specified minimum categories of changes (net appreciation/depreciation in fair value, investment income, employer/participant/other contributions, benefits paid, insurance contract purchases, and administrative expenses). It also lists required note disclosures about the plan agreement, amendments, contribution basis, tax status, forfeitures, and similar matters.","key_points":["Defined contribution plan financial statements must be prepared on the accrual basis and consist of a statement of net assets available for benefits as of plan year-end and a statement of changes in net assets available for benefits for the year then ended (205-962-45-1).","The statement of net assets available for benefits presents total assets, total liabilities, and net assets available for benefits (205-962-45-2); non-benefit liabilities such as securities purchased, refunds of excess contributions, income taxes, and third-party administrator fees are accrued and deducted (205-962-45-4).","The statement of changes reflects income credited to participants and net appreciation or depreciation in fair value of only those investment contracts that are not deemed fully benefit-responsive (205-962-45-6); see 962-325-35-5 for fully benefit-responsive contracts.","Minimum line items in the statement of changes include net appreciation/depreciation in fair value (realized and unrealized), investment income, employer contributions split between cash and noncash (noncash at fair value), participant contributions, contributions from other sources, benefits paid, payments to insurance entities for excluded contracts, and administrative expenses (205-962-45-7).","Other significant changes, such as transfers of assets to or from other plans or demutualization proceeds, are presented separately (205-962-45-8).","A statement of cash flows is not required (per 230-10-15-4) but is encouraged when it would show the plan's ability to meet future obligations, such as when investments are not highly liquid (205-962-45-9).","An interest in a master trust and the change in that interest must be separate line items in each statement (205-962-45-10), and notes must disclose the plan description, amendments, unallocated assets, contribution basis and ERISA minimum funding compliance, absorbed administrative costs, insurance contract policy, tax status, guarantees, amounts allocated to withdrawing participants (not reported as a liability), and forfeited nonvested accounts and their disposition (205-962-50-1)."],"categories":["Presentation","Disclosure","Compensation and benefits","Financial statement presentation"],"audience_level":"intermediate","student_note":"Exam questions often test that a defined contribution plan needs only two statements (net assets available for benefits and changes therein) and no statement of cash flows, unlike a business enterprise. A common misunderstanding: amounts allocated to participants who have elected to withdraw but have not yet been paid are NOT reported as a liability under GAAP (205-962-50-1(i)), even though Form 5500 reconciliation may be needed.","related_topics":["962-10","962-325","960","965","230-10"],"key_concepts":["net assets available for benefits","statement of changes in net assets available for benefits","accrual basis","fully benefit-responsive investment contract","master trust interest","forfeited nonvested accounts","employee benefit plan financial statements","erisa minimum funding 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