# ASC 310-962: Receivables — Plan Accounting—Defined Contribution Pension Plans Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/310/962/) 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): 2026-09-09T23:32:49.914Z to 2026-09-09T23:33:15.404Z Record version: sha256:88afaeef389f2253610a2ada68b903afe5f88907db67cf07b8e524a80279c324 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 310-962: Receivables — Plan Accounting—Defined Contribution Pension Plans ### Machine-generated study aids ```json { "summary": "This Subtopic governs receivables in the financial statements of defined contribution pension plans — principally employer/participant contributions receivable and participant loans. Contributions receivable are recognized when supported by a formal commitment or legal/contractual requirement, are shown net of an allowance for estimated uncollectible amounts, and are separately identified. Participant loans are measured at unpaid principal plus accrued but unpaid interest and are reported as notes receivable from participants rather than as investments at fair value.", "key_points": [ "Contributions receivable include amounts due under formal commitments as well as legal or contractual requirements (310-962-25-1).", "Evidence of an employer's formal commitment may include a governing-body resolution approving a specified contribution, a consistent pattern of post-year-end payments attributed to the preceding plan year under an established policy, a federal tax deduction for periods ending on or before the financial statement date, or the employer's recognition of a contribution payable (310-962-25-1(a)-(d)).", "An accrued contribution payable in the employer's own financial statements does not, by itself, sufficiently support the plan's recognition of a contribution receivable (310-962-25-1(d)).", "Contributions receivable shall include an allowance for estimated uncollectible amounts (310-962-35-1).", "Participant loans shall be measured at unpaid principal balance plus accrued but unpaid interest (310-962-35-2), and classified for reporting purposes as notes receivable from participants (310-962-45-2).", "Contributions receivable shall be separately identified in the plan's statements (310-962-45-1).", "The fair value disclosures in paragraphs 825-10-50-10 through 50-16 are not required for participant loans (310-962-50-1)." ], "categories": [ "Recognition", "Subsequent measurement", "Presentation", "Compensation and benefits" ], "audience_level": "intermediate", "student_note": "The key exam trap is participant loans: after ASU 2010-25 they are notes receivable measured at unpaid principal plus accrued interest, not investments carried at fair value, so the ASC 825 fair value disclosures do not apply. Also remember that the employer's accrued payable alone is not enough evidence for the plan to book a contribution receivable.", "related_topics": [ "962-10", "962-325", "962-205", "965-310", "825-10", "310-10" ], "key_concepts": [ "contributions receivable", "formal commitment", "participant loans", "notes receivable from participants", "allowance for uncollectible amounts", "defined contribution plan", "unpaid principal plus accrued interest", "plan financial statements" ] } ``` Source downloaded (UTC): 2026-09-09T23:32:49.914Z to 2026-09-09T23:32:49.914Z Record version: sha256:9860a1ecafcbd421d90571b73a79114cda6782c2c8762f090d300277e9ff93e9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 310-962-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/310/962/#00-status) SEC content: no ##### [310-962-00-1](https://asc.understandingaccounting.org/asc/310/962/#310-962-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:49.914Z to 2026-09-09T23:32:49.914Z Record version: sha256:e54fe7c494221635c25fb55ad15b7b90e1b88a2ef49739d02839693b6e7909dd 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
962-310-35-2AddedAccounting Standards Update No. 2010-2509/28/2010
962-310-45-2AddedAccounting Standards Update No. 2010-2509/28/2010
962-310-50-1AddedAccounting Standards Update No. 2010-2509/28/2010
962-310-65-1AddedAccounting Standards Update No. 2010-2509/28/2010
Source downloaded (UTC): 2026-09-09T23:32:52.739Z to 2026-09-09T23:32:52.739Z Record version: sha256:e17204dd4fe06566d1ef2e9f5cd8a4f7a895950c8fe08716d197f563da7e3a8f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 310-962-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/310/962/#05-overview-and-background) SEC content: no ##### [310-962-05-1](https://asc.understandingaccounting.org/asc/310/962/#310-962-05-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:52.739Z to 2026-09-09T23:32:52.739Z Record version: sha256:1caa9445af616b8b90911aba2520b138b54a47a1e7892c4a3b3e55b8d8b81daa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic provides guidance on accounting for receivables for defined contribution plans. Source downloaded (UTC): 2026-09-09T23:32:55.031Z to 2026-09-09T23:32:55.031Z Record version: sha256:85049b41a2d4c9d6af973c5f02490c5edf0c79e6e35804322ea96ee62209fae0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 310-962-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/310/962/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [310-962-15-1](https://asc.understandingaccounting.org/asc/310/962/#310-962-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:32:55.031Z to 2026-09-09T23:32:55.031Z Record version: sha256:ed1e56da5d1e874f3d4b307bc08ea9d84bb1d877f0e80cf6347e527e664a045d 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): 2026-09-09T23:33:01.571Z to 2026-09-09T23:33:01.571Z Record version: sha256:4644afed49f285d0a9a78b3f29663df1c9a3ca4b2e46debb8ab3f87f83aba179 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 310-962-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/310/962/#25-recognition) SEC content: no #### Employer Contributions ##### [310-962-25-1](https://asc.understandingaccounting.org/asc/310/962/#310-962-25-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:33:01.571Z to 2026-09-09T23:33:01.571Z Record version: sha256:8f779e3b94370cd195a54af0f02aea806d348c6bc5a619a1d631669d950c6050 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Contributions receivable](https://asc.understandingaccounting.org/glossary/c/#contributions-receivable "Contributions receivable are the amounts due, as of the date of the financial statements, to the plan from employers, participants, and other sources of funding (for example, state subsidies or federal grants). They include amounts due pursuant to firm commitments, as well as legal or contractual requirements.") include those pursuant to formal commitments as well as legal or contractual requirements. With respect to an employer's contributions, evidence of a formal commitment may include any of the following: 1. a A resolution by the employer's governing body approving a specified contribution 2. b A consistent pattern of making payments after the plan's year-end pursuant to an established contribution policy that attributes such subsequent payments to the preceding plan year 3. c A deduction of a contribution for federal tax purposes for periods ending on or before the financial statement date 4. d The employer's recognition as of the financial statement date of a contribution payable to the plan. The existence of an accrued contribution payable in the employer's financial statements does not, by itself, provide sufficient support for recognition of a contribution receivable by the plan. Source downloaded (UTC): 2026-09-09T23:33:05.694Z to 2026-09-09T23:33:05.694Z Record version: sha256:4a698119f9e7430268c80fda89a4844a004d9be539c4d973c2c14b483da48061 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 310-962-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/310/962/#35-subsequent-measurement) SEC content: no ##### [310-962-35-1](https://asc.understandingaccounting.org/asc/310/962/#310-962-35-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:33:05.694Z to 2026-09-09T23:33:05.694Z Record version: sha256:141371f8cc10a59958537fe977319fab4a8747d92f9102a7e5301fd83e0dd697 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Contributions receivable](https://asc.understandingaccounting.org/glossary/c/#contributions-receivable "Contributions receivable are the amounts due, as of the date of the financial statements, to the plan from employers, participants, and other sources of funding (for example, state subsidies or federal grants). They include amounts due pursuant to firm commitments, as well as legal or contractual requirements.") shall include an allowance for estimated uncollectible amounts. #### Participant Loans ##### [310-962-35-2](https://asc.understandingaccounting.org/asc/310/962/#310-962-35-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:33:05.694Z to 2026-09-09T23:33:05.694Z Record version: sha256:32b5586f7323f5e3e47b5fc78d8443ed644c7f69e5176f705c943efeed50954b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Participant loans shall be measured at their unpaid principal balance plus any accrued but unpaid interest. Source downloaded (UTC): 2026-09-09T23:33:07.850Z to 2026-09-09T23:33:07.850Z Record version: sha256:3844f625c6cae8d314b24095ba9dd8be9511f31a3e09df2481d2249ec7ea8314 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 310-962-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/310/962/#45-other-presentation-matters) SEC content: no ##### [310-962-45-1](https://asc.understandingaccounting.org/asc/310/962/#310-962-45-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:33:07.850Z to 2026-09-09T23:33:07.850Z Record version: sha256:71e7d18b6b56773f2abdee746f1852e84ecc0f9d7f97ed2a38fe2fd8be58990c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Contributions receivable](https://asc.understandingaccounting.org/glossary/c/#contributions-receivable "Contributions receivable are the amounts due, as of the date of the financial statements, to the plan from employers, participants, and other sources of funding (for example, state subsidies or federal grants). They include amounts due pursuant to firm commitments, as well as legal or contractual requirements.") shall be separately identified. #### Participant Loans ##### [310-962-45-2](https://asc.understandingaccounting.org/asc/310/962/#310-962-45-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:33:07.850Z to 2026-09-09T23:33:07.850Z Record version: sha256:ee4e0fc0d33cf162f08c525ab5f78e2f87303318700c8a40030babd92091aaea Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For reporting purposes, participant loans shall be classified as notes receivable from participants. Source downloaded (UTC): 2026-09-09T23:33:11.774Z to 2026-09-09T23:33:11.774Z Record version: sha256:9565855052286bdf05a243ab6a54e03e49a8269d9e1686cc2cde0933240c8bf0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 310-962-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/310/962/#50-disclosure) SEC content: no #### Participant Loans ##### [310-962-50-1](https://asc.understandingaccounting.org/asc/310/962/#310-962-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:33:11.774Z to 2026-09-09T23:33:11.774Z Record version: sha256:dbdf42ed8af066861ebb473e66353bcf688e8b3880bc0c0503315d1287c61718 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The fair value disclosures prescribed in paragraphs [825-10-50-10 through 50-16](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-10) are not required for participant loans. Source downloaded (UTC): 2026-09-09T23:33:15.404Z to 2026-09-09T23:33:15.404Z Record version: sha256:ea1c5e587935375d34b29828d6a8e40004f3fa23ef10f1edcd7d785e63e2691e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 310-962-65: 65 Transition and Open Effective Date Information [Read section](https://asc.understandingaccounting.org/asc/310/962/#65-transition-and-open-effective-date-information) SEC content: no ##### [310-962-65-1](https://asc.understandingaccounting.org/asc/310/962/#310-962-65-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:33:15.404Z to 2026-09-09T23:33:15.404Z Record version: sha256:e3b0930aa20ae0d8876530fefa6fba9dcbcd90a5d441c1cf640da0a66d03626f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 06/29/2012 after the end of the transition period stated in Accounting Standards Update No. 2010-25, _Plan Accounting—Defined Contribution Pension Plans (Topic 962): Reporting Loans to Participants by Defined Contribution Pension Plans_.