# ASC 325-960-35: Investments—Other — Plan Accounting—Defined Benefit Pension Plans — 35 Subsequent Measurement

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/325/960/#35-subsequent-measurement)

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## ASC 325-960-35: 35 Subsequent Measurement

[Read section](https://asc.understandingaccounting.org/asc/325/960/#35-subsequent-measurement)

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##### [325-960-35-1](https://asc.understandingaccounting.org/asc/325/960/#325-960-35-1)

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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](https://asc.understandingaccounting.org/glossary/r/#reporting-date "The date as of which information regarding the net assets available for benefits is presented."). A contract with benefit-responsive provisions shall be reported as an investment contract if it cannot otherwise be considered an insurance contract (see paragraph [960-325-35-3](https://asc.understandingaccounting.org/asc/325/960/#325-960-35-3)).

##### [325-960-35-2](https://asc.understandingaccounting.org/asc/325/960/#325-960-35-2)

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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).

##### [325-960-35-3](https://asc.understandingaccounting.org/asc/325/960/#325-960-35-3)

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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 ([contract value](https://asc.understandingaccounting.org/glossary/c/#contract-value "The value of an unallocated contract that is determined by the insurance entity in accordance with the terms of the contract.")). The credit quality of the issuer also must be evaluated when using contract value to report an investment contract with significant insurance risk. 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.

##### [325-960-35-4](https://asc.understandingaccounting.org/asc/325/960/#325-960-35-4)

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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.