# ASC 205-962: Presentation of Financial Statements — Plan Accounting—Defined Contribution Pension Plans Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/205/962/) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T22:56:59.598Z to 2026-09-09T22:57:32.204Z Record version: sha256:3f53c79a5e26d6a38e50b1a8cfbb4af537ca6d4c8788dcf1ba0df78c46be7114 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-962: Presentation of Financial Statements — Plan Accounting—Defined Contribution Pension Plans ### Machine-generated study aids ```json { "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 requirements" ] } ``` Source downloaded (UTC): 2026-09-09T22:56:59.598Z to 2026-09-09T22:56:59.598Z Record version: sha256:cd347975de5749bc64345a41a15b307426e6cf38eae4ae532c85fe04e450c90c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-962-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/205/962/#00-status) SEC content: no ##### [205-962-00-1](https://asc.understandingaccounting.org/asc/205/962/#205-962-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:56:59.598Z to 2026-09-09T22:56:59.598Z Record version: sha256:6a1c9e1ee14c1481e8e99b0be001a9501151384f6cb0e240582bc2e9d27b5798 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
BenefitsAmendedAccounting Standards Update No. 2016-1912/14/2016
Benefits (3rd def.)AddedAccounting Standards Update No. 2014-0603/14/2014
Defined Contribution PlanAmendedAccounting Standards Update No. 2014-0603/14/2014
Sponsor (3rd def.)AddedAccounting Standards Update No. 2014-0603/14/2014
962-205-45-2AmendedAccounting Standards Update No. 2015-12 (Part I)07/31/2015
962-205-45-3SupersededAccounting Standards Update No. 2015-12 (Part I)07/31/2015
962-205-45-3AmendedAccounting Standards Update No. 2012-0410/01/2012
962-205-45-4AmendedAccounting Standards Update No. 2014-0603/14/2014
962-205-45-5SupersededAccounting Standards Update No. 2018-0907/16/2018
962-205-45-7AmendedMaintenance Update 2016-11 (PDF)06/27/2016
962-205-45-7AmendedAccounting Standards Update No. 2015-12 (Part II)07/31/2015
962-205-45-7AmendedAccounting Standards Update No. 2014-0603/14/2014
962-205-45-7AmendedAccounting Standards Update No. 2012-0410/01/2012
962-205-45-10AddedAccounting Standards Update No. 2017-0602/27/2017
962-205-50-1AmendedMaintenance Update 2016-11 (PDF)06/27/2016
Source downloaded (UTC): 2026-09-09T22:57:03.726Z to 2026-09-09T22:57:03.726Z Record version: sha256:46789dbbce5ceefb0aa5bb3fe45b301ea394e54af9c3e9b6975f957440cb06f6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-962-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/205/962/#05-overview-and-background) SEC content: no ##### [205-962-05-1](https://asc.understandingaccounting.org/asc/205/962/#205-962-05-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:57:03.726Z to 2026-09-09T22:57:03.726Z Record version: sha256:b5b4f6b7a45c8d66c675be6400216304568c241834c7553a1557d51dcc1d6e9f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic provides guidance on the presentation of financial statements of defined contribution pension plans. Source downloaded (UTC): 2026-09-09T22:57:06.466Z to 2026-09-09T22:57:06.466Z Record version: sha256:52e4927386f5dd61e0e13e96c25d95b1a1312420cb4a4302ae91e8b0d0bd45a7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-962-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/205/962/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [205-962-15-1](https://asc.understandingaccounting.org/asc/205/962/#205-962-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:57:06.466Z to 2026-09-09T22:57:06.466Z Record version: sha256:50c1a719f53bb6782dd4b2139369d2527a6f8e98c9045e44b425a42dd1b9b319 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 962-10-15. Source downloaded (UTC): 2026-09-09T22:57:12.422Z to 2026-09-09T22:57:12.422Z Record version: sha256:bd73bace74479773fb1f83209d48419c3a61fd53e3b702ad412e86b71aa25766 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-962-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/205/962/#45-other-presentation-matters) SEC content: no ##### [205-962-45-1](https://asc.understandingaccounting.org/asc/205/962/#205-962-45-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:57:12.422Z to 2026-09-09T22:57:12.422Z Record version: sha256:9a58147ac5eb33058cd98a78888b6c547afa3a75601c961bbb26a7561db47ed7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The financial statements of a [defined contribution plan](https://asc.understandingaccounting.org/glossary/d/#defined-contribution-plan "A plan that provides an individual account for each participant and provides benefits that are based on all of the following: amounts contributed to the participant's account by the employer or employee; investment experience; and any forfeitures allocated to the account, less any administrative expenses charged to the plan. Defined contribution health and welfare plans—Defined contribution health and welfare plans maintain an individual account for each plan participant. They have terms that specify the means of determining the contributions to participants' accounts, rather than the amount of benefits the participants are to receive. The benefits a plan participant will receive are limited to the amount contributed to the participant's account, investment experience, expenses, and any forfeitures allocated to the participant's account. These plans also include flexible spending arrangements. Defined contribution postretirement plan—A plan that provides postretirement benefits in return for services rendered, provides an individual account for each plan participant, and specifies how contributions to the individual's account are to be determined rather than specifies the amount of benefits the individual is to receive. Under a defined contribution postretirement plan, the benefits a plan participant will receive depend solely on the amount contributed to the plan participant's account, the returns earned on investments of those contributions, and the forfeitures of other plan participants' benefits that may be allocated to that plan participant's account.") 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. #### Net Assets Available for Benefits ##### [205-962-45-2](https://asc.understandingaccounting.org/asc/205/962/#205-962-45-2) Pending content: no Source downloaded (UTC): 2026-09-09T22:57:12.422Z to 2026-09-09T22:57:12.422Z Record version: sha256:fe88319e13867d430eb37586ed84d1007c83e49a5c03fc29a0b031157c99aecf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/updates/asu-2015-12/). (Part I). 4. d Net assets available for benefits. ##### [205-962-45-3](https://asc.understandingaccounting.org/asc/205/962/#205-962-45-3) Pending content: no Source downloaded (UTC): 2026-09-09T22:57:12.422Z to 2026-09-09T22:57:12.422Z Record version: sha256:5fa1fb4005fbd8cdee58cf621af946285795518f84535fe145f71f59c196693a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2015-12](https://asc.understandingaccounting.org/updates/asu-2015-12/) (Part I). #### Other Components of Net Assets Available for Benefits ##### [205-962-45-4](https://asc.understandingaccounting.org/asc/205/962/#205-962-45-4) Pending content: no Source downloaded (UTC): 2026-09-09T22:57:12.422Z to 2026-09-09T22:57:12.422Z Record version: sha256:6587d384ec29541aa6c10cd33fb0dfa39dd12c2d1e620ccf5a885bf315acf8f3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A plan may have liabilities (other than for [benefits](https://asc.understandingaccounting.org/glossary/b/#benefits "The monetary or in-kind benefits or benefit coverage to which participants may be entitled under a pension plan or a health and welfare plan (which can include active, terminated, and retired employees or their dependents or beneficiaries). Examples of benefits may include, but are not limited to, health care benefits, life insurance, legal, educational, and advisory services, pension benefits, disability benefits, death benefits, and benefits due to termination of employment.")) 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. ##### [205-962-45-5](https://asc.understandingaccounting.org/asc/205/962/#205-962-45-5) Pending content: no Source downloaded (UTC): 2026-09-09T22:57:12.422Z to 2026-09-09T22:57:12.422Z Record version: sha256:073e31c6f47cd737b5455361d3f8978d9c95eea45414fdc800b97a009341e552 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2018-09](https://asc.understandingaccounting.org/updates/asu-2018-09/). #### Changes in Net Assets Available for Benefits ##### [205-962-45-6](https://asc.understandingaccounting.org/asc/205/962/#205-962-45-6) Pending content: no Source downloaded (UTC): 2026-09-09T22:57:12.422Z to 2026-09-09T22:57:12.422Z Record version: sha256:f013e11863622957fbd2b3f56668f89ae1237ce40f935e89cdd2211c827ca0e5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/asc/325/962/#325-962-35-5) provides guidance on the accounting for fully benefit-responsive investment contracts. ##### [205-962-45-7](https://asc.understandingaccounting.org/asc/205/962/#205-962-45-7) Pending content: no Source downloaded (UTC): 2026-09-09T22:57:12.422Z to 2026-09-09T22:57:12.422Z Record version: sha256:951567e6dcbb6db35c47abb52b21afddd943868eb7f11c3d2b4638a2c485ea05 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/glossary/s/#sponsor "In the case of a pension plan established or maintained by a single employer, the employer; in the case of a plan established or maintained by an employee entity, the employee entity; in the case of a plan established or maintained jointly by two or more employers or by one or more employers and one or more employee entities, the association, committee, joint board of trustees, or other group of representatives of the parties that have established or that maintain the pension plan."). 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. ##### [205-962-45-8](https://asc.understandingaccounting.org/asc/205/962/#205-962-45-8) Pending content: no Source downloaded (UTC): 2026-09-09T22:57:12.422Z to 2026-09-09T22:57:12.422Z Record version: sha256:edde6b677a0b1c43a5e12bde64f07daee38299097ab01a00397aefb57f50a5ed Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. #### Statement of Cash Flows ##### [205-962-45-9](https://asc.understandingaccounting.org/asc/205/962/#205-962-45-9) Pending content: no Source downloaded (UTC): 2026-09-09T22:57:12.422Z to 2026-09-09T22:57:12.422Z Record version: sha256:8440d8c6d4c7ddfdf7ec8fa116208124838c1f8c7beada2c7a4616b5818ea3de Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph [230-10-15-4](https://asc.understandingaccounting.org/asc/230/10/#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). #### Interests in Master Trusts ##### [205-962-45-10](https://asc.understandingaccounting.org/asc/205/962/#205-962-45-10) Pending content: no Source downloaded (UTC): 2026-09-09T22:57:12.422Z to 2026-09-09T22:57:12.422Z Record version: sha256:1c3b0edf123c11a83653c6cf9b56548a102f846d7cea6aee0bcbb27ebcd88541 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. Source downloaded (UTC): 2026-09-09T22:57:15.863Z to 2026-09-09T22:57:15.863Z Record version: sha256:c1f893b42cb954e26f3e617a4d9758acbe9a205700832c9366b238f6dd448e77 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-962-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/205/962/#50-disclosure) SEC content: no ##### [205-962-50-1](https://asc.understandingaccounting.org/asc/205/962/#205-962-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:57:15.863Z to 2026-09-09T22:57:15.863Z Record version: sha256:ee2cf8e664bb7042c9b95a09155a0b846eca65a5cc51e5a5bf68e662aa27a508 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. Source downloaded (UTC): 2026-09-09T22:57:18.010Z to 2026-09-09T22:57:18.010Z Record version: sha256:dbbca847a565a0e5134c0fbae55f7942ede42bc023015a84e64afb15ddb60999 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-962-S00: SEC 00 Status [Read section](https://asc.understandingaccounting.org/asc/205/962/#sec-00-status) SEC content: yes ##### [205-962-S00-1](https://asc.understandingaccounting.org/asc/205/962/#205-962-S00-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:57:18.010Z to 2026-09-09T22:57:18.010Z Record version: sha256:9439eb82ca63aa6468b3a084704800898d4fccedb44e9e4e6db5e0ee92a6a3bf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
962-205-S99-1AmendedAccounting Standards Update No. 2019-0707/26/2019
Source downloaded (UTC): 2026-09-09T22:57:20.293Z to 2026-09-09T22:57:20.293Z Record version: sha256:ee799e421759394176988d07b82c83f6652feac530d615f465fd57f209780bb4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-962-S15: SEC 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/205/962/#sec-15-scope-and-scope-exceptions) SEC content: yes #### Entities ##### [205-962-S15-1](https://asc.understandingaccounting.org/asc/205/962/#205-962-S15-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:57:20.293Z to 2026-09-09T22:57:20.293Z Record version: sha256:24072d71c62c1e887046c3e53fc9097bd5fe7e016575ffec8851248e0358e3ab Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [962-205-S99-1](https://asc.understandingaccounting.org/asc/205/962/#205-962-S99-1), Regulation S-X Rule 6A-01, for entities to which Rules 6A-01 through 6A-05 apply. Source downloaded (UTC): 2026-09-09T22:57:27.118Z to 2026-09-09T22:57:27.118Z Record version: sha256:c6431bc41c6b188ec989c17ff10e390d2a997dfb49f38242a014f2ff3b12b958 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-962-S45: SEC 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/205/962/#sec-45-other-presentation-matters) SEC content: yes #### Format ##### [205-962-S45-1](https://asc.understandingaccounting.org/asc/205/962/#205-962-S45-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:57:27.118Z to 2026-09-09T22:57:27.118Z Record version: sha256:de11555d1f72118bcaa0ea53cdc4ed6ec1b0407863a5277563f88e260e0b8fdf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [962-205-S99-1](https://asc.understandingaccounting.org/asc/205/962/#205-962-S99-1), Regulation S-X Rule 6A-03, for presentation requirements for statements of financial condition. ##### [205-962-S45-2](https://asc.understandingaccounting.org/asc/205/962/#205-962-S45-2) Pending content: no Source downloaded (UTC): 2026-09-09T22:57:27.118Z to 2026-09-09T22:57:27.118Z Record version: sha256:a0ce961581663e161704450f3ba8accc5139e4140a0041ca229b09a249a77152 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [962-205-S99-1](https://asc.understandingaccounting.org/asc/205/962/#205-962-S99-1), Regulation S-X Rule 6A-04, for presentation requirements for statements of income and changes in plan equity. Source downloaded (UTC): 2026-09-09T22:57:28.818Z to 2026-09-09T22:57:28.818Z Record version: sha256:7a68aaa55ee95c53bc077b498a15285cdc746d6d375194447b7274639369138f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-962-S50: SEC 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/205/962/#sec-50-disclosure) SEC content: yes #### Valuation of Assets ##### [205-962-S50-1](https://asc.understandingaccounting.org/asc/205/962/#205-962-S50-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:57:28.818Z to 2026-09-09T22:57:28.818Z Record version: sha256:251a1b2dd6614e0f994e98948721da7ca8b47874f3196e4a69e369dfd162aaff Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [962-205-S99-1](https://asc.understandingaccounting.org/asc/205/962/#205-962-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. #### Schedules ##### [205-962-S50-2](https://asc.understandingaccounting.org/asc/205/962/#205-962-S50-2) Pending content: no Source downloaded (UTC): 2026-09-09T22:57:28.818Z to 2026-09-09T22:57:28.818Z Record version: sha256:557b859739d0e6030cbf5e35f7f46efebb0648688db6238d12e5789df048b78d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [962-205-S99-1](https://asc.understandingaccounting.org/asc/205/962/#205-962-S99-1), Regulation S-X Rule 6A-05, for schedules required to be filed for entities within the scope of Rule 6A-01. Source downloaded (UTC): 2026-09-09T22:57:32.204Z to 2026-09-09T22:57:32.204Z Record version: sha256:f2ff0aa08982d96c29a1485564c40c0ffe9878969011b443b1f3594eb26bb333 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-962-S99: SEC 99 SEC Materials [Read section](https://asc.understandingaccounting.org/asc/205/962/#sec-99-sec-materials) SEC content: yes #### SEC Rules, Regulations, and Interpretations ##### [205-962-S99-1](https://asc.understandingaccounting.org/asc/205/962/#205-962-S99-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:57:32.204Z to 2026-09-09T22:57:32.204Z Record version: sha256:f7a049c02176749210cb2b869b23285cde56f5309abea702458160d264b34311 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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). - Rule 6A-01. Application of Rules 6A-01 to 6A-05 (17 CFR 210.6A-01). - Application of §§ 210.6A-01 to 210.6A-05 - (a) Sections 210.6A-01 to 210.6A-05 shall be applicable to financial statements filed for employee stock purchase, savings and similar plans. - (b) \[Reserved\] \[47 FR 56843, Dec. 21, 1982\] - Rule 6A-02. Special Rules Applicable to Employee Stock Purchase, Savings and Similar Plans (17 CFR 210.6A-02). - - The financial statements filed for persons to which this article is applicable shall be prepared in accordance with the following special rules in addition to the general rules in §§ 210.1-01 to 210.4-10. Where the requirements of a special rule differ from those prescribed in a general rule, the requirements of the special rule shall be met. - (a) Investment programs. - If the participating employees have an option as to the manner in which their deposits and contributions may be invested, a description of each investment program shall be given in a footnote or otherwise. The number of employees under each investment program shall be stated. - (b) Net asset value per unit. - Where appropriate, the number of units and the net asset value per unit shall be given by footnote or otherwise. - (c) Federal income taxes. - (1) If the plan is not subject to Federal income taxes, a note shall so state indicating briefly the principal assumptions on which the plan relied in not making provision for such taxes. - (2) State the Federal income tax status of the employee with respect to the plan. - (d) [Valuation of assets](https://asc.understandingaccounting.org/glossary/v/#valuation-of-assets "See paragraph 962-205-S99-1, Regulation S-X Rule 6A-02(d), for the definition of the term value as used in that Rule."). - The statement of financial condition shall reflect all investments at value, showing cost parenthetically. For purposes of this rule, the term _value_ shall mean (1) market value for those securities having readily available market quotations and (2) fair value as determined in good faith by the trustee(s) for the plan (or by the person or persons who exercise similar responsibilities) with respect to other securities and assets. \[47 FR 56843, Dec. 21, 1982\] - Rule 6A-03. Statements of Financial Condition (17 CFR 210.6A-03). - Statements of financial condition filed under this rule shall comply with the following provisions: - PLAN ASSETS - 1\. Investments in securities of participating employers. State separately each class of securities of the participating employer or employers. - 2\. Investments in securities of unaffiliated issuers. - (a) United States Government bonds and other obligations. Include only direct obligations of the United States Government. - (b) Other securities. State separately (1) marketable securities and (2) other securities. - 3\. Investments. Other than securities. State separately each major class. - 4\. Dividends and interest receivable. - 5\. Cash. - 6\. Other assets. State separately (a) total of amounts due from participating employers or any of their directors, officers and principal holders of equity securities; (b) total of amounts due from trustees or managers of the plan; and (c) any other significant amounts. - LIABILITIES AND PLAN EQUITY - 7\. Liabilities. State separately (a) total of amounts payable to participating employers; (b) total of amounts payable to participating employees; and (c) any other significant amounts. - 8\. Reserves and other credits. State separately each significant item and describe each such item by using an appropriate caption or by a footnote referred to in the caption. - 9\. Plan equity at close of period. \[27 FR 78710, Aug. 9, 1962. Redesignated at 47 FR 56843, Dec. 21, 1982\] - Rule 6A-04. Statements of Comprehensive Income and Changes in Plan Equity (17 CFR 210.6A-04). - Statements of comprehensive income and changes in plan equity filed under this rule shall comply with the following provisions: - 1\. Net investment income. - (a) Income. State separately income from (1) cash dividends, (2) interest, and (3) other sources. Income from investments in or indebtedness of participating employers shall be segregated under the appropriate subcaption. - (b) Expenses. State separately any significant amounts. - (c) Net investment income. - 2\. Realized gain or loss on investments. - (a) State separately the net of gains or losses arising from transactions in (1) investments in securities of the participating employer or employers; (2) other investments in securities; and (3) other investments. - (b) State in a footnote or otherwise for each category of investment in paragraph (a) above the aggregate cost, the aggregate proceeds and the net gain or loss. State the principle followed in determining the cost of securities sold, e.g., _average cost_ or _first-in, first-out_. - 3\. Unrealized appreciation or depreciation of investments. - (a) State the amount of increase or decrease in unrealized appreciation or depreciation of investments during the period. - (b) State in a footnote or otherwise the amount of unrealized appreciation or depreciation of investments at the beginning of the period of report, at the end of the period of report, and the increase or decrease during the period. - 4\. Contributions and deposits. - (a) State separately (1) total of amounts deposited by participating employees, and (2) total of amounts contributed by the participating employer or employers. - (b) If employees of more than one employer participate in the plan, state in tabular form in a footnote or otherwise the amount contributed by each employer and the deposits of the employees of each such employer. - 5\. Withdrawals, lapses and forfeitures. State separately (a) balances of employees' accounts withdrawn, lapsed or forfeited during the period; (b) amounts disbursed in settlement of such accounts; and (c) disposition of balances remaining after settlement specified in (b). - 6\. Plan equity at beginning of period. - 7\. Plan equity at end of period. \[27 FR 7870, Aug. 9, 1962. Redesignated at 47 FR 56843, Dec. 21, 1982; 83 FR 50203, Oct. 4, 2018\] - Rule 6A-05. What Schedules Are to be Filed (17 CFR 210.6A-05). - (a) Schedule I of this section shall be filed as of the most recent audited statement of financial condition and any subsequent unaudited statement of financial condition being filed. Schedule II of this section shall be filed as of the date of each statement of financial condition being filed. Schedule III of this section shall be filed for each period for which a statement of comprehensive income and changes in plan equity is filed. All schedules shall be audited if the related statements are audited. - Schedule I—Investments. A schedule substantially in form prescribed by § 210.12-12 shall be filed in support of captions 1, 2 and 3 of each statement of financial condition unless substantially all of the information is given in the statement of financial condition by footnote or otherwise. - Schedule II—Allocation of plan assets and liabilities to investment program. If the plan provides for separate investment programs with separate funds, and if the allocation of assets and liabilities to the several funds is not shown in the statement of financial condition in columnar form or by the submission of separate statements for each fund, a schedule shall be submitted showing the allocation of each caption of each statement of financial condition filed to the applicable fund. - Schedule III—Allocation of plan income and changes in plan equity to investment programs. If the plan provides for separate investment programs with separate funds, and if the allocation of income and changes in plan equity to the several funds is not shown in the statement of comprehensive income and changes in plan equity in columnar form or by the submission of separate statements for each fund, a schedule shall be submitted showing the allocation of each caption of each statement of comprehensive income and changes in plan equity filed to the applicable fund. - (b) \[Reserved\] \[45 FR 63676, Sept. 25, 1980. Redesignated at 47 FR 56843, Dec. 21, 1982, and amended at 50 FR 25215, June 18, 1985; 83 FR 50203, Oct. 4, 2018\]