# ASC 325-960: Investments—Other — Plan Accounting—Defined Benefit Pension Plans Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/325/960/) 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): 2026-09-09T23:47:43.422Z to 2026-09-09T23:48:09.782Z Record version: sha256:1060f2be9cf50e653772e1f116d3baa7cf6e3a1619d7e6a5c09b7498c482e206 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 325-960: Investments—Other — Plan Accounting—Defined Benefit Pension Plans ### Machine-generated study aids ```json { "summary": "ASC 325-960 (paralleling 960-325) governs how a defined benefit pension plan accounts for and reports its investments and insurance contracts. The core rule is that plan investments—equity and debt securities, real estate, and other assets other than insurance contracts—are presented at fair value at the reporting date, with purchases and sales generally recorded on a trade-date basis; insurance contracts are presented the same way as in the plan's ERISA filing (fair value or contract value). Extensive disclosure is required by general type of investment, including the plan's interest in a master trust.", "key_points": [ "Purchases and sales of securities are recorded on a trade-date basis, but settlement-date accounting is acceptable when settlement follows the reporting date if fair value did not change significantly from trade date to reporting date and the transactions do not significantly affect the composition of plan assets (325-960-25-1).", "All plan investments other than insurance contracts are presented at fair value at the reporting date, and a benefit-responsive contract that is not an insurance contract is reported as an investment contract (325-960-35-1).", "If significant, fair value is reduced by brokerage commissions and other costs normally incurred in a sale (325-960-35-2).", "Insurance contracts are presented as in the plan's ERISA annual report—either fair value or contract value determined by the insurance entity—and issuer credit quality must be evaluated when contract value is used; non-ERISA plans report as if subject to ERISA (325-960-35-3).", "A plan whose fiscal year-end is not a month-end may elect to measure investments and investment-related accounts at the nearest month-end, applied consistently, with disclosure of the election, the measurement date, and any contributions, distributions, or significant events between that date and year-end (325-960-35-4; 50-4; 50-5).", "Investments measured at fair value must be presented by general type (registered investment companies, government securities, common-collective trusts, pooled separate accounts, short-term securities, corporate bonds, common stocks, mortgages, real estate), and Topic 820 class disclosures are given by that general type; plans are exempt from 820-10-50-2B(a) disaggregation (325-960-45-2; 50-1).", "For master trusts, the plan discloses net appreciation/depreciation in fair value and other investment income, the allocation basis for net assets and investment income, its percentage interest if undivided, master trust investments by general type, and the dollar amount of its interest in each investment type and in the trust's other assets and liabilities (325-960-50-7 through 50-11)." ], "categories": [ "Subsequent measurement", "Fair value", "Disclosure", "Industry-specific" ], "audience_level": "intermediate", "student_note": "Employee benefit plan reporting is a favorite exam trap because plan investments are carried at fair value rather than under the normal Topic 320 categories, and insurance contracts follow the ERISA filing (possibly contract value) instead. Students often forget that the master trust disclosures require both the trust-level amounts by general type and the plan's own dollar interest in each.", "related_topics": [ "960-10", "960-325", "962-325", "965-325", "820-10", "815-10" ], "key_concepts": [ "defined benefit pension plan", "plan investments at fair value", "trade-date versus settlement-date accounting", "insurance contracts and contract value", "benefit-responsive investment contract", "master trust interest", "net asset value practical expedient", "general type of investment disclosure" ] } ``` Source downloaded (UTC): 2026-09-09T23:47:43.422Z to 2026-09-09T23:47:43.422Z Record version: sha256:103b28bb47fd7964e151b58669e3d9c8ccbf058aa33a4509b2cd4b5019bddc82 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 325-960-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/325/960/#00-status) SEC content: no ##### [325-960-00-1](https://asc.understandingaccounting.org/asc/325/960/#325-960-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:47:43.422Z to 2026-09-09T23:47:43.422Z Record version: sha256:03deb8b14f6c1014b82833513671e06dc02d804ae650fccf8f56649a48fdf449 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 (1st def.)SupersededAccounting Standards Update No. 2014-0603/14/2014
Benefits (3rd def.)AddedAccounting Standards Update No. 2014-0603/14/2014
Contract ValueAmendedAccounting Standards Update No. 2014-0603/14/2014
Defined Benefit PlanAddedAccounting Standards Update No. 2014-0603/14/2014
Defined Benefit Pension Plan (1st def.)SupersededAccounting Standards Update No. 2014-0603/14/2014
Unallocated Contract (1st def.)SupersededAccounting Standards Update No. 2014-0603/14/2014
Unallocated Contract (2nd def.)AddedAccounting Standards Update No. 2014-0603/14/2014
960-325-05-1AmendedAccounting Standards Update No. 2014-0603/14/2014
960-325-25-1AmendedAccounting Standards Update No. 2014-0603/14/2014
960-325-35-4AddedAccounting Standards Update No. 2015-12 (Part III)07/31/2015
960-325-45-1AmendedAccounting Standards Update No. 2015-12 (Part II)07/31/2015
960-325-45-2AddedAccounting Standards Update No. 2015-12 (Part II)07/31/2015
960-325-50-1AmendedAccounting Standards Update No. 2015-12 (Part II)07/31/2015
960-325-50-1AmendedAccounting Standards Update No. 2012-0410/01/2012
960-325-50-2SupersededAccounting Standards Update No. 2015-12 (Part II)07/31/2015
960-325-50-4AddedAccounting Standards Update No. 2015-12 (Part III)07/31/2015
960-325-50-5AddedAccounting Standards Update No. 2015-12 (Part III)07/31/2015
960-325-50-6AddedAccounting Standards Update No. 2015-12 (Part II)07/31/2015
960-325-50-7 through 50-11
AddedAccounting Standards Update No. 2017-0602/27/2017
Source downloaded (UTC): 2026-09-09T23:47:47.448Z to 2026-09-09T23:47:47.448Z Record version: sha256:7672b79d33ee9cc59ba61b5589ed4f1577ca6d2a836081ccf8918bb921299277 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 325-960-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/325/960/#05-overview-and-background) SEC content: no ##### [325-960-05-1](https://asc.understandingaccounting.org/asc/325/960/#325-960-05-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:47:47.448Z to 2026-09-09T23:47:47.448Z Record version: sha256:02fdc2ee7a2956b3a4c8ee9409772877c0d190c5a2fd295732111692e26176f5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic provides guidance on investments and insurance contracts for [defined benefit pension plans](https://asc.understandingaccounting.org/glossary/d/#defined-benefit-plan "A defined benefit plan provides participants with a determinable benefit based on a formula provided for in the plan. Defined benefit health and welfare plans—Defined benefit health and welfare plans specify a determinable benefit, which may be in the form of a reimbursement to the covered plan participant or a direct payment to providers or third-party insurers for the cost of specified services. Such plans may also include benefits that are payable as a lump sum, such as death benefits. The level of benefits may be defined or limited based on factors such as age, years of service, and salary. Contributions may be determined by the plan's actuary or be based on premiums, actual claims paid, hours worked, or other factors determined by the plan sponsor. Even when a plan is funded pursuant to agreements that specify a fixed rate of employer contributions (for example, a collectively bargained multiemployer plan), such a plan may nevertheless be a defined benefit health and welfare plan if its substance is to provide a defined benefit. Defined benefit pension plan—A pension plan that defines an amount of pension benefit to be provided, usually as a function of one or more factors such as age, years of service, or compensation. Any pension plan that is not a defined contribution pension plan is, for purposes of Subtopic 715-30, a defined benefit pension plan. Defined benefit postretirement plan—A plan that defines postretirement benefits in terms of monetary amounts (for example, $100,000 of life insurance) or benefit coverage to be provided (for example, up to $200 per day for hospitalization, or 80 percent of the cost of specified surgical procedures). Any postretirement benefit plan that is not a defined contribution postretirement plan is, for purposes of Subtopic 715-60, a defined benefit postretirement plan. (Specified monetary amounts and benefit coverage are collectively referred to as benefits.)"). Source downloaded (UTC): 2026-09-09T23:47:49.450Z to 2026-09-09T23:47:49.450Z Record version: sha256:24d36a52309b5b43c1146f74e2a9386f713e3b399dfb8c8b75d640a087086546 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 325-960-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/325/960/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [325-960-15-1](https://asc.understandingaccounting.org/asc/325/960/#325-960-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:47:49.450Z to 2026-09-09T23:47:49.450Z Record version: sha256:fe77da0254cbff53b5b3126d03cca666ff19e7c09b1f4f89a3bdd3676f002518 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 960-10-15. Source downloaded (UTC): 2026-09-09T23:47:55.284Z to 2026-09-09T23:47:55.284Z Record version: sha256:c9575143bcd5fa8602001c131ec41a6f700a237eec16854055dfdda46ffc7432 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 325-960-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/325/960/#25-recognition) SEC content: no ##### [325-960-25-1](https://asc.understandingaccounting.org/asc/325/960/#325-960-25-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:47:55.284Z to 2026-09-09T23:47:55.284Z Record version: sha256:c41ca1eadd1c81de1e98159d976e3dea63fb5956d12f77cfe960840d1ba1dcac Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The accrual basis requires that purchases (and sales) of securities be recorded on a trade-date basis. However, if the settlement date is after 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."), accounting on a settlement-date basis is acceptable if both of the following conditions exist: 1. a The fair value of securities purchased (or sold) just before the reporting date does not change significantly from the trade date to the reporting date. 2. b The purchases (or sales) do not significantly affect the composition of the plan's assets available 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."). Source downloaded (UTC): 2026-09-09T23:47:58.288Z to 2026-09-09T23:47:58.288Z Record version: sha256:d0717192313e7a2702ff04f014e7cdaa8a42cbdd150acc92a0614ae95a4057fc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 325-960-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/325/960/#35-subsequent-measurement) SEC content: no ##### [325-960-35-1](https://asc.understandingaccounting.org/asc/325/960/#325-960-35-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:47:58.288Z to 2026-09-09T23:47:58.288Z Record version: sha256:6e8727a0c2387a851a49c8169189487a276246470fa67e802ce03b72b1b446e6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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) Pending content: no Source downloaded (UTC): 2026-09-09T23:47:58.288Z to 2026-09-09T23:47:58.288Z Record version: sha256:10b9002922e0b98c65d1acfb654049b9547415d31d5b58bf41737aaae75beb0e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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) Pending content: no Source downloaded (UTC): 2026-09-09T23:47:58.288Z to 2026-09-09T23:47:58.288Z Record version: sha256:2fd45282ce0b626985082380c69bddbf73c1f9bd745c0a1c596430c7dfa43c52 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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) Pending content: no Source downloaded (UTC): 2026-09-09T23:47:58.288Z to 2026-09-09T23:47:58.288Z Record version: sha256:92aac9ad80689f4a8b3d582a1b2ce22f30c828517df03e9e711abc84bd8009c5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. Source downloaded (UTC): 2026-09-09T23:48:01.513Z to 2026-09-09T23:48:01.513Z Record version: sha256:472fdcf5de77e0640d767e27a73fd8e83980d68c3adc9dbf945069ce3dc74c5d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 325-960-40: 40 Derecognition [Read section](https://asc.understandingaccounting.org/asc/325/960/#40-derecognition) SEC content: no ##### [325-960-40-1](https://asc.understandingaccounting.org/asc/325/960/#325-960-40-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:01.513Z to 2026-09-09T23:48:01.513Z Record version: sha256:03be96b71a95784bdc46e0262a15856242e5fac577d43b389146c6ac21328028 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See Section 960-325-25 for guidance on the use of the trade-date basis in recording sales of securities. Source downloaded (UTC): 2026-09-09T23:48:04.156Z to 2026-09-09T23:48:04.156Z Record version: sha256:7f16b51320b0b7b796d014733bb65e3504dd7f44aaa9800869b0bd5bb7f14e39 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 325-960-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/325/960/#45-other-presentation-matters) SEC content: no ##### [325-960-45-1](https://asc.understandingaccounting.org/asc/325/960/#325-960-45-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:04.156Z to 2026-09-09T23:48:04.156Z Record version: sha256:bd3429b5c9225eedc30ad2ce5ecf2ec797323458fa260a8df640d0d799fa4b4a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Information regarding a plan's investments that are measured using fair value shall indicate whether reported fair values have been measured by quoted prices in an active market or are fair values otherwise determined. ##### [325-960-45-2](https://asc.understandingaccounting.org/asc/325/960/#325-960-45-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:04.156Z to 2026-09-09T23:48:04.156Z Record version: sha256:a562d9f19992e5adee4ca91a606a775c97406f603c970fac460c0f7ddd8340c6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Investments measured using fair value in the statement of [net assets available for benefits](https://asc.understandingaccounting.org/glossary/n/#net-assets-available-for-benefits "The difference between a plan's assets and its liabilities. For purposes of this definition, a plan's liabilities do not include participants' accumulated plan benefits.") or in the notes shall be presented by general type, such as the following: 1. a Registered investment companies (for example, mutual funds) 2. b Government securities 3. c Common-collective trusts 4. d Pooled separate accounts 5. e Short-term securities 6. f Corporate bonds 7. g Common stocks 8. h Mortgages 9. i Real estate. Source downloaded (UTC): 2026-09-09T23:48:07.122Z to 2026-09-09T23:48:07.122Z Record version: sha256:b52a536f631e3b63ebb5e4169ad1802e98c72e0e69244eb112e8d8d722cd1bda Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 325-960-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/325/960/#50-disclosure) SEC content: no ##### [325-960-50-1](https://asc.understandingaccounting.org/asc/325/960/#325-960-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:07.122Z to 2026-09-09T23:48:07.122Z Record version: sha256:cbc2fb0417b5447a3dedf61fab9a3ce86931f944eb7dbafe562cf91e3525b69a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Disclosure of the plan's accounting policies shall include a description of valuation techniques and inputs used to measure the fair value of investments (as required by Section 820-10-50) and a description of the methods and significant assumptions used to measure the reported value of contracts with insurance entities. However, defined benefit pension plans are exempt from the requirements in paragraph [820-10-50-2B(a)](https://asc.understandingaccounting.org/asc/820/10/#820-10-50-2B) to disaggregate assets by nature, characteristics, and risks. The disclosures of information by classes of assets required by Section 820-10-50 shall be provided by general type of plan assets consistent with paragraph [960-325-45-2](https://asc.understandingaccounting.org/asc/325/960/#325-960-45-2). ##### [325-960-50-2](https://asc.understandingaccounting.org/asc/325/960/#325-960-50-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:07.122Z to 2026-09-09T23:48:07.122Z Record version: sha256:6c81559ee36a2ad9ee7a1f120df352924e4462b8e3e4b09cd58e11783716f652 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 II). ##### [325-960-50-3](https://asc.understandingaccounting.org/asc/325/960/#325-960-50-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:07.122Z to 2026-09-09T23:48:07.122Z Record version: sha256:d6692ad407ec0e3506a77297ea62557e148abd676ef4b3c7f665cb1a2339e160 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The historical cost of plan investments presented at fair value is neither required nor proscribed. ##### [325-960-50-4](https://asc.understandingaccounting.org/asc/325/960/#325-960-50-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:07.122Z to 2026-09-09T23:48:07.122Z Record version: sha256:b7267be1cace89edf92f3cbf5b13c11f765718fbbb9f976741223c5fd9b0d473 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If applicable, a plan shall disclose the accounting policy election to measure investments and investment-related accounts using the month-end that is closest to the plan's fiscal year-end in accordance with paragraph [960-325-35-4](https://asc.understandingaccounting.org/asc/325/960/#325-960-35-4) and the month-end measurement date. ##### [325-960-50-5](https://asc.understandingaccounting.org/asc/325/960/#325-960-50-5) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:07.122Z to 2026-09-09T23:48:07.122Z Record version: sha256:0ecc0c9b4e5a0379f03d59462fc9924f63cc48013afbb668c4fe03181e5976e0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If a plan measures investments and investment-related accounts in accordance with paragraph [960-325-35-4](https://asc.understandingaccounting.org/asc/325/960/#325-960-35-4) and contributions, distributions, and/or significant events (such as a plan amendment, a merger, or a termination) occur between the month-end date used to measure investments and investment-related accounts and the plan's fiscal year-end, the plan shall disclose the amounts of those contributions, distributions, and/or significant events. #### Investments Measured Using the Net Asset Value per Share Practical Expedient ##### [325-960-50-6](https://asc.understandingaccounting.org/asc/325/960/#325-960-50-6) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:07.122Z to 2026-09-09T23:48:07.122Z Record version: sha256:f957945bcf2e042d6803767b658e3785da94dba9471b0761919f2f1658d47007 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If an investment is measured using the net asset value per share (or its equivalent) practical expedient in paragraph [820-10-35-59](https://asc.understandingaccounting.org/asc/820/10/#820-10-35-59) and that investment is in a fund that files U.S. Department of Labor Form 5500 as a direct filing entity, disclosure of that investment's significant investment strategy, as discussed in paragraph [820-10-50-6A(a)](https://asc.understandingaccounting.org/asc/820/10/#820-10-50-6A), is not required. #### Interests in Master Trusts ##### [325-960-50-7](https://asc.understandingaccounting.org/asc/325/960/#325-960-50-7) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:07.122Z to 2026-09-09T23:48:07.122Z Record version: sha256:1947d048ba8c78f97a61647b0b34bc8e662a51a5ceccbb0f584ac6dace1c771e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A plan shall disclose the following in the notes to financial statements for each period for which a statement of changes in net assets available for benefits is presented: 1. a Net appreciation or depreciation in the fair value of investments of the master trust. 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 (a)). ##### [325-960-50-8](https://asc.understandingaccounting.org/asc/325/960/#325-960-50-8) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:07.122Z to 2026-09-09T23:48:07.122Z Record version: sha256:5a84d648a941b5b6cd601b686ae779ef399dd14d54a67efc4d81904da08eb38b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A plan also shall include in the notes to financial statements both of the following: 1. a Description of the basis used to allocate both of the following: 1. 1 Net assets 2. 2 Total investment income. See paragraph [960-325-50-7](https://asc.understandingaccounting.org/asc/325/960/#325-960-50-7) for the components of total investment income. 2. b For a plan with an undivided interest in the master trust (that is, when the plan has a proportionate, rather than a specific, interest in the master trust), its percentage interest in the master trust as of the date of each statement of net assets available for benefits presented. ##### [325-960-50-9](https://asc.understandingaccounting.org/asc/325/960/#325-960-50-9) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:07.122Z to 2026-09-09T23:48:07.122Z Record version: sha256:08342bb3282d5053873ce98c05ad3ae33afc55605253809f33bf1015bc12c718 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In the notes to financial statements a plan shall include the investments of a master trust measured using fair value presented by general type of investment, such as the following, as of the date of each statement of [net assets available for benefits](https://asc.understandingaccounting.org/glossary/n/#net-assets-available-for-benefits "The difference between a plan's assets and its liabilities. For purposes of this definition, a plan's liabilities do not include participants' accumulated plan benefits.") presented: 1. a Registered investment companies (for example, mutual funds) 2. b Government securities 3. c Common-collective trusts 4. d Pooled separate accounts 5. e Short-term securities 6. f Corporate bonds 7. g Common stocks 8. h Mortgages 9. i Real estate. ##### [325-960-50-10](https://asc.understandingaccounting.org/asc/325/960/#325-960-50-10) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:07.122Z to 2026-09-09T23:48:07.122Z Record version: sha256:931fc79bd5d590cd43bee30e7c01135e242a4af012082ac85702a5c77080f0d4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A plan shall disclose the dollar amount of its interest in each general type of investment held by the master trust, consistent with the disclosure required by paragraph [960-325-50-9](https://asc.understandingaccounting.org/asc/325/960/#325-960-50-9). See paragraph [962-325-55-18](https://asc.understandingaccounting.org/asc/325/962/#325-962-55-18) for an example of this disclosure. ##### [325-960-50-11](https://asc.understandingaccounting.org/asc/325/960/#325-960-50-11) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:07.122Z to 2026-09-09T23:48:07.122Z Record version: sha256:23b4b7e2e73cded88616be86c4d1863c02bbc85975314b3b33737cf346643ad0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A plan also shall disclose the master trust's other assets and liabilities and the dollar amount of the plan's interest in each of those other assets and liabilities. Examples of those balances include the following: 1. a Amounts due from brokers for securities sold 2. b Amounts due to brokers for securities purchased 3. c Receivables relating to derivatives 4. d Payables relating to derivatives 5. e Accrued interest and dividends 6. f Accrued expenses. See paragraph [962-325-55-18](https://asc.understandingaccounting.org/asc/325/962/#325-962-55-18) for an example of this disclosure. Source downloaded (UTC): 2026-09-09T23:48:09.782Z to 2026-09-09T23:48:09.782Z Record version: sha256:2626aef60526bcdfcd9635f5f7b2bd10bd10d755bdcd51273f06939d9599d148 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 325-960-60: 60 Relationships [Read section](https://asc.understandingaccounting.org/asc/325/960/#60-relationships) SEC content: no #### Derivatives and Hedging ##### [325-960-60-1](https://asc.understandingaccounting.org/asc/325/960/#325-960-60-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:09.782Z to 2026-09-09T23:48:09.782Z Record version: sha256:87dfb63d3fe952ed63ea4671f62a139a140a5ff6f4c20bde787feb530090f6bd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For reporting of gains or losses on hedging instruments and nonhedging derivative instruments, see Section 815-10-35. ##### [325-960-60-2](https://asc.understandingaccounting.org/asc/325/960/#325-960-60-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:09.782Z to 2026-09-09T23:48:09.782Z Record version: sha256:c3d65c89269b66e637408dce2cbfe98b9bbf78ebfe96db4412a0ff4a2e9125e7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For accounting for nonleveraged inflation-indexed contracts for pension obligations, see paragraph [815-15-25-50](https://asc.understandingaccounting.org/asc/815/15/#815-15-25-50).