{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/325/960/#35-subsequent-measurement","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":"325","topic_title":"Investments—Other","subtopic":"325-960","subtopic_title":"Plan Accounting—Defined Benefit Pension Plans","section":{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"325-960-35-1","para":"35-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1B8CE4AA-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Plan investments—whether </span></span><span class=\"sfragment\" id=\"sfr_1B8CE628-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">equity or debt securities, </span></span><span class=\"sfragment\" id=\"sfr_1B8CE769-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">real estate, or </span></span><span class=\"sfragment\" id=\"sfr_1B8CE8AD-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">other types (excluding insurance contracts)—</span></span><span class=\"sfragment\" id=\"sfr_1B8CE994-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">shall be presented at their fair value at the <a href=\"/glossary/r/#reporting-date\" class=\"term\" title=\"The date as of which information regarding the net assets available for benefits is presented.\"><span>reporting date</span></a>. </span></span><span class=\"sfragment\" id=\"sfr_1B8CEA6E-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A contract with benefit-responsive provisions shall be reported as an investment contract if it cannot otherwise be considered an insurance contract (see paragraph <a href=\"/asc/325/960/#325-960-35-3\" class=\"xref\">960-325-35-3</a>). </span></span></div></div>","snippet":"Plan investments—whether equity or debt securities, real estate, or other types (excluding insurance contracts)—shall be presented at their fair value at the reporting date. A contract with benefit-responsive provisions …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6e8727a0c2387a851a49c8169189487a276246470fa67e802ce03b72b1b446e6","downloaded_from":"2026-09-09T23:47:58.288Z","last_downloaded_at":"2026-09-09T23:47:58.288Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477362","source_sha256":"463bc2bf3c2029979c2b1a8740223068fa3a85506002d2b758ecd001d1222ff7"}},{"citation":"325-960-35-2","para":"35-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1B8CEB83-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If significant, the fair value of an investment shall be reduced by brokerage commissions and other costs normally incurred in a sale (similar to fair value less cost to sell). </span></span></div></div>","snippet":"If significant, the fair value of an investment shall be reduced by brokerage commissions and other costs normally incurred in a sale (similar to fair value less cost to sell).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:10b9002922e0b98c65d1acfb654049b9547415d31d5b58bf41737aaae75beb0e","downloaded_from":"2026-09-09T23:47:58.288Z","last_downloaded_at":"2026-09-09T23:47:58.288Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477362","source_sha256":"463bc2bf3c2029979c2b1a8740223068fa3a85506002d2b758ecd001d1222ff7"}},{"citation":"325-960-35-3","para":"35-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1B8CEC64-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Insurance contracts shall be presented in the same manner as specified in the annual report filed by the plan with certain governmental agencies pursuant to the Employee Retirement Income Security Act; that is, either at fair value or at amounts determined by the insurance entity (<a href=\"/glossary/c/#contract-value\" class=\"term\" title=\"The value of an unallocated contract that is determined by the insurance entity in accordance with the terms of the contract.\"><span>contract value</span></a>). </span></span><span class=\"sfragment\" id=\"sfr_1B8CED3D-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The credit quality of the issuer also must be evaluated when using contract value to report an investment contract with significant insurance risk. </span></span><span class=\"sfragment\" id=\"sfr_1B8CEE03-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A plan not subject to the Employee Retirement Income Security Act shall present its insurance contracts as if the plan were subject to the reporting requirements of that Act. </span></span></div></div>","snippet":"Insurance contracts shall be presented in the same manner as specified in the annual report filed by the plan with certain governmental agencies pursuant to the Employee Retirement Income Security Act; that is, either at…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2fd45282ce0b626985082380c69bddbf73c1f9bd745c0a1c596430c7dfa43c52","downloaded_from":"2026-09-09T23:47:58.288Z","last_downloaded_at":"2026-09-09T23:47:58.288Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477362","source_sha256":"463bc2bf3c2029979c2b1a8740223068fa3a85506002d2b758ecd001d1222ff7"}},{"citation":"325-960-35-4","para":"35-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1B8CEEB5-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If a plan's fiscal year-end does not coincide with a month-end, the plan may measure investments and investment-related accounts (for example, a liability for a pending trade with a broker) using the month-end that is closest to the plan's fiscal year-end. That election shall be applied consistently from year to year.</span></span></div></div>","snippet":"If a plan's fiscal year-end does not coincide with a month-end, the plan may measure investments and investment-related accounts (for example, a liability for a pending trade with a broker) using the month-end that is cl…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:92aac9ad80689f4a8b3d582a1b2ce22f30c828517df03e9e711abc84bd8009c5","downloaded_from":"2026-09-09T23:47:58.288Z","last_downloaded_at":"2026-09-09T23:47:58.288Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477362","source_sha256":"463bc2bf3c2029979c2b1a8740223068fa3a85506002d2b758ecd001d1222ff7"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6e90a0e41412336a897510972fcf38e30a4a4dadd3629e33eeae361a1ae484c3","downloaded_from":"2026-09-09T23:47:58.288Z","last_downloaded_at":"2026-09-09T23:47:58.288Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477362","source_sha256":"463bc2bf3c2029979c2b1a8740223068fa3a85506002d2b758ecd001d1222ff7"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d0717192313e7a2702ff04f014e7cdaa8a42cbdd150acc92a0614ae95a4057fc","downloaded_from":"2026-09-09T23:47:58.288Z","last_downloaded_at":"2026-09-09T23:47:58.288Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477362","source_sha256":"463bc2bf3c2029979c2b1a8740223068fa3a85506002d2b758ecd001d1222ff7"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d0717192313e7a2702ff04f014e7cdaa8a42cbdd150acc92a0614ae95a4057fc","downloaded_from":"2026-09-09T23:47:58.288Z","last_downloaded_at":"2026-09-09T23:47:58.288Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477362","source_sha256":"463bc2bf3c2029979c2b1a8740223068fa3a85506002d2b758ecd001d1222ff7"}}