{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/205/965/#45-other-presentation-matters","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.","topic":"205","topic_title":"Presentation of Financial Statements","subtopic":"205-965","subtopic_title":"Plan Accounting—Health and Welfare Benefit Plans","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Defined Benefit Health and Welfare Plans","paragraphs":[{"citation":"205-965-45-1","para":"45-1","html":"
The financial statements of a defined benefit health and welfare plan prepared in accordance with generally accepted accounting principles (GAAP) shall be prepared on the accrual basis of accounting and include all of the following:
  1. a
    A statement of net assets available for benefits as of the end of the plan year (see paragraphs
    965-20-45-1 through 45-2
    )
  2. b
    A statement of changes in net assets available for benefits for the year then ended (see paragraphs
    965-20-45-3 through 45-4
    )
  3. c
    Information regarding the plan's benefit obligations as of the end of the plan year (see Subtopic 965-30)
  4. d
    Information regarding the effects, if significant, of certain factors affecting the year-to-year change in the plan's benefit obligations (see paragraphs
    965-30-45-4 through 45-8
    ).
","snippet":"The financial statements of a defined benefit health and welfare plan prepared in accordance with generally accepted accounting principles (GAAP) shall be prepared on the accrual basis of accounting and include all of th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e85d039a1891b9325ccb8a1743102827f46a1980e45b14d6fae31f425208d4cb","downloaded_from":"2026-09-09T22:57:51.585Z","last_downloaded_at":"2026-09-09T22:57:51.585Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478938","source_sha256":"99a02be8dad40db1309927ef8b884fe2c3a92625ba0fc0536916a18dda4bcf0e"}},{"citation":"205-965-45-2","para":"45-2","html":"
Information about the benefit obligations shall be presented in a separate statement, combined with other information on another financial statement, or disclosed in the notes to financial statements. Regardless of the format selected, the plan financial statements shall present the benefit obligations information in its entirety in the same location. The information shall be presented in such reasonable detail as is necessary to identify the nature and classification of the obligations. See Examples 1 through 3 (paragraphs
965-205-55-2 through 55-7
) for illustrative financial statements of health and welfare benefit plans. (See paragraph 965-205-50-6.)
","snippet":"Information about the benefit obligations shall be presented in a separate statement, combined with other information on another financial statement, or disclosed in the notes to financial statements. Regardless of the f…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:be8afbf1f9310951befe2382547a265aa706c1fef16c53f440e665e6d208a717","downloaded_from":"2026-09-09T22:57:51.585Z","last_downloaded_at":"2026-09-09T22:57:51.585Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478938","source_sha256":"99a02be8dad40db1309927ef8b884fe2c3a92625ba0fc0536916a18dda4bcf0e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:07be58e530c37d6505588eb238dda8a62130ff92ea68ad7a90d156fed2140d05","downloaded_from":"2026-09-09T22:57:51.585Z","last_downloaded_at":"2026-09-09T22:57:51.585Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478938","source_sha256":"99a02be8dad40db1309927ef8b884fe2c3a92625ba0fc0536916a18dda4bcf0e"}},{"block":null,"heading":"Defined Contribution Health and Welfare Plans","paragraphs":[{"citation":"205-965-45-3","para":"45-3","html":"
The financial statements of a defined contribution health and welfare plan prepared in accordance with 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 (see Subtopic 965-30)
  2. b
    A statement of changes in net assets available for benefits of the plan for the year then ended (see paragraphs
    965-20-45-3 through 45-4
    ).
","snippet":"The financial statements of a defined contribution health and welfare plan prepared in accordance with GAAP shall be prepared on the accrual basis of accounting and include both of the following:\n(a) A statement of net a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:724f099a0ee4a9e7a33b1f0b007dbccc8ee08b0d299c7a18e34e8c0856dde591","downloaded_from":"2026-09-09T22:57:51.585Z","last_downloaded_at":"2026-09-09T22:57:51.585Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478938","source_sha256":"99a02be8dad40db1309927ef8b884fe2c3a92625ba0fc0536916a18dda4bcf0e"}},{"citation":"205-965-45-4","para":"45-4","html":"
Because a plan's obligation to provide benefits is limited to the amounts accumulated in an individual's account, information regarding benefit obligations is not applicable.
","snippet":"Because a plan's obligation to provide benefits is limited to the amounts accumulated in an individual's account, information regarding benefit obligations is not applicable.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bb04bd35d142afbc0a2614aceb261d845d42a9da5963bd6ee0d38297fcc831a4","downloaded_from":"2026-09-09T22:57:51.585Z","last_downloaded_at":"2026-09-09T22:57:51.585Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478938","source_sha256":"99a02be8dad40db1309927ef8b884fe2c3a92625ba0fc0536916a18dda4bcf0e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d14aa29ec748d92c79060c97c1a8b8a6c5184f4ac5d236f0d6f62c289b64b2f5","downloaded_from":"2026-09-09T22:57:51.585Z","last_downloaded_at":"2026-09-09T22:57:51.585Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478938","source_sha256":"99a02be8dad40db1309927ef8b884fe2c3a92625ba0fc0536916a18dda4bcf0e"}},{"block":null,"heading":"Cash Flows","paragraphs":[{"citation":"205-965-45-5","para":"45-5","html":"
Paragraph 230-10-15-4 provides that employee benefit plans other than pension plans (such as health and welfare plans, both defined benefit and defined contribution) that provide information similar to that required by Topic 960 are not required to provide a statement of cash flows. However, that paragraph encourages inclusion of a statement of cash flows in the financial statements of an employee benefit plan if such a 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).
","snippet":"Paragraph 230-10-15-4 provides that employee benefit plans other than pension plans (such as health and welfare plans, both defined benefit and defined contribution) that provide information similar to that required by T…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:40eab3d641ebdda6fcc78861609fd0190912a22bfce9bae1a11ffa093da7927e","downloaded_from":"2026-09-09T22:57:51.585Z","last_downloaded_at":"2026-09-09T22:57:51.585Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478938","source_sha256":"99a02be8dad40db1309927ef8b884fe2c3a92625ba0fc0536916a18dda4bcf0e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bd828c06a7696edb550571d3f070f044199596c5cfb70709e370073f44911bbc","downloaded_from":"2026-09-09T22:57:51.585Z","last_downloaded_at":"2026-09-09T22:57:51.585Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478938","source_sha256":"99a02be8dad40db1309927ef8b884fe2c3a92625ba0fc0536916a18dda4bcf0e"}},{"block":null,"heading":"401(h) Accounts","paragraphs":[{"citation":"205-965-45-6","para":"45-6","html":"
Certain retiree health benefits may be funded through a 401(h) account in a defined benefit pension plan, pursuant to Section 401(h) of the Internal Revenue Code. The 401(h) account assets and liabilities used to fund retiree health benefits, and the changes in those assets and liabilities, shall be reported in the financial statements of the health and welfare benefit plan.
","snippet":"Certain retiree health benefits may be funded through a 401(h) account in a defined benefit pension plan, pursuant to Section 401(h) of the Internal Revenue Code. The 401(h) account assets and liabilities used to fund re…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9d7854d675910f60a412c2d5b5ebf103dceda6649db2002b8044293f8b247240","downloaded_from":"2026-09-09T22:57:51.585Z","last_downloaded_at":"2026-09-09T22:57:51.585Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478938","source_sha256":"99a02be8dad40db1309927ef8b884fe2c3a92625ba0fc0536916a18dda4bcf0e"}},{"citation":"205-965-45-7","para":"45-7","html":"
The 401(h) account assets and liabilities and changes in them can be shown in the health and welfare benefit plan financial statements in either of the following ways:
  1. a
    As a single line item on the face of the statements
  2. b
    Included in individual line items with separate disclosure in the notes to financial statements about the 401(h) amounts included in those individual line items.
","snippet":"The 401(h) account assets and liabilities and changes in them can be shown in the health and welfare benefit plan financial statements in either of the following ways:\n(a) As a single line item on the face of the stateme…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:111f0aed03347d862fb00f6345c98d70f06a830b630a93a63c424122996cf56c","downloaded_from":"2026-09-09T22:57:51.585Z","last_downloaded_at":"2026-09-09T22:57:51.585Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478938","source_sha256":"99a02be8dad40db1309927ef8b884fe2c3a92625ba0fc0536916a18dda4bcf0e"}},{"citation":"205-965-45-8","para":"45-8","html":"
If the assets and liabilities are shown as a single line item in the statement of net assets, the changes in net assets also shall be shown as a single line item in the statement of changes in net assets. If the assets and liabilities are included in individual asset and liability line items in the statement of net assets, the changes in individual 401(h) amounts shall be included in the changes in the individual line items in the statement of changes in net assets, with separate disclosure in the notes about the 401(h) amounts included in those individual line items. The 401(h) obligations shall be reported in the health and welfare benefit plan's statement of benefit obligations. Likewise, the health and welfare benefit plan's statement of changes in benefit obligations shall include claims paid through the 401(h) account.
","snippet":"If the assets and liabilities are shown as a single line item in the statement of net assets, the changes in net assets also shall be shown as a single line item in the statement of changes in net assets. If the assets a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9f958676a3f876cf51212a403b1cf5ad42a59ada4a49310156136aa79a261415","downloaded_from":"2026-09-09T22:57:51.585Z","last_downloaded_at":"2026-09-09T22:57:51.585Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478938","source_sha256":"99a02be8dad40db1309927ef8b884fe2c3a92625ba0fc0536916a18dda4bcf0e"}},{"citation":"205-965-45-9","para":"45-9","html":"
Illustrative financial statements of a health and welfare benefit plan funded through a 401(h) account in a separate defined benefit pension plan are presented in Example 4 (see paragraph 965-205-55-8).
","snippet":"Illustrative financial statements of a health and welfare benefit plan funded through a 401(h) account in a separate defined benefit pension plan are presented in Example 4 (see paragraph 965-205-55-8).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7baa1874aac139c103b7ae1f23f632198824cd5a9af6acc4cd338b818cdc925f","downloaded_from":"2026-09-09T22:57:51.585Z","last_downloaded_at":"2026-09-09T22:57:51.585Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478938","source_sha256":"99a02be8dad40db1309927ef8b884fe2c3a92625ba0fc0536916a18dda4bcf0e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6462f12ce25e226eb41dbd62a293ccaa70708e2213b93d716b0b50984e902f7c","downloaded_from":"2026-09-09T22:57:51.585Z","last_downloaded_at":"2026-09-09T22:57:51.585Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478938","source_sha256":"99a02be8dad40db1309927ef8b884fe2c3a92625ba0fc0536916a18dda4bcf0e"}},{"block":null,"heading":"Employees' Beneficiary Association Trust","paragraphs":[{"citation":"205-965-45-10","para":"45-10","html":"
If the assets of more than one plan are held in a 501(c)(9) Voluntary Employees' Beneficiary Association trust, separate reports must be prepared for each plan. Some plans may pay only a portion of the plan's benefit payments and other expenses through the Association.
","snippet":"If the assets of more than one plan are held in a 501(c)(9) Voluntary Employees' Beneficiary Association trust, separate reports must be prepared for each plan. Some plans may pay only a portion of the plan's benefit pay…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3e14d0b8dc6a41188d8463c87aabf6a12a865de63a113267b2dc3241fa93bac8","downloaded_from":"2026-09-09T22:57:51.585Z","last_downloaded_at":"2026-09-09T22:57:51.585Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478938","source_sha256":"99a02be8dad40db1309927ef8b884fe2c3a92625ba0fc0536916a18dda4bcf0e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e14e6f52639fcb49e4c30683fbae575aba8ba1e07c785005fb534b6938f1a27e","downloaded_from":"2026-09-09T22:57:51.585Z","last_downloaded_at":"2026-09-09T22:57:51.585Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478938","source_sha256":"99a02be8dad40db1309927ef8b884fe2c3a92625ba0fc0536916a18dda4bcf0e"}},{"block":null,"heading":"Interests in Master Trusts","paragraphs":[{"citation":"205-965-45-11","para":"45-11","html":"
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 965-325-50 for master trust disclosures.
","snippet":"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 statemen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ffad07f7e4bb68341cd8b97ac3ff9236e58455b22e7bd0a869d23e34f3c8c7d2","downloaded_from":"2026-09-09T22:57:51.585Z","last_downloaded_at":"2026-09-09T22:57:51.585Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478938","source_sha256":"99a02be8dad40db1309927ef8b884fe2c3a92625ba0fc0536916a18dda4bcf0e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5f5f5f1f3e2767571a4ad086ef7a2ad0325a46f5a1be211143005a5502718b31","downloaded_from":"2026-09-09T22:57:51.585Z","last_downloaded_at":"2026-09-09T22:57:51.585Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478938","source_sha256":"99a02be8dad40db1309927ef8b884fe2c3a92625ba0fc0536916a18dda4bcf0e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:86e99ec88124f7dd6d19b435008bda77971a223fe77aa174372ef8fc2fba369a","downloaded_from":"2026-09-09T22:57:51.585Z","last_downloaded_at":"2026-09-09T22:57:51.585Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478938","source_sha256":"99a02be8dad40db1309927ef8b884fe2c3a92625ba0fc0536916a18dda4bcf0e"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:86e99ec88124f7dd6d19b435008bda77971a223fe77aa174372ef8fc2fba369a","downloaded_from":"2026-09-09T22:57:51.585Z","last_downloaded_at":"2026-09-09T22:57:51.585Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478938","source_sha256":"99a02be8dad40db1309927ef8b884fe2c3a92625ba0fc0536916a18dda4bcf0e"}}