# ASC 325-962-45: Investments—Other — Plan Accounting—Defined Contribution Pension Plans — 45 Other Presentation Matters Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/325/962/#45-other-presentation-matters) 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): 2026-09-09T23:48:28.436Z to 2026-09-09T23:48:28.436Z Record version: sha256:ce91814dfccb80e4d055fe065a816a4f06d6b0dfe309bad9ab1e9dda95658bc9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 325-962-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/325/962/#45-other-presentation-matters) SEC content: no ##### [325-962-45-1](https://asc.understandingaccounting.org/asc/325/962/#325-962-45-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:28.436Z to 2026-09-09T23:48:28.436Z Record version: sha256:080a7b627676dbb731e6565c11d83fd326fbdbeca3e1e355dffa8ca0553e6e53 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 [Paragraph superseded by Accounting Standards Update No. 2015-12](https://asc.understandingaccounting.org/updates/asu-2015-12/) (Part II). ##### [325-962-45-2](https://asc.understandingaccounting.org/asc/325/962/#325-962-45-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:28.436Z to 2026-09-09T23:48:28.436Z Record version: sha256:e00110ad688f7da6bac47619c28f4e1f100e22c1a9563951bd3f6b54ec64d4a9 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 [Paragraph superseded by Accounting Standards Update No. 2015-12](https://asc.understandingaccounting.org/updates/asu-2015-12/) (Part II). ##### [325-962-45-3](https://asc.understandingaccounting.org/asc/325/962/#325-962-45-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:28.436Z to 2026-09-09T23:48:28.436Z Record version: sha256:2f0260a376bf4367ff93fb0db85449590471c9b08ca4423d046c21215fcf340c 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). ##### [325-962-45-4](https://asc.understandingaccounting.org/asc/325/962/#325-962-45-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:28.436Z to 2026-09-09T23:48:28.436Z Record version: sha256:c436aadaea6547931565b318b32192261aa08b5b678770fa68373c0309316ee9 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). ##### [325-962-45-5](https://asc.understandingaccounting.org/asc/325/962/#325-962-45-5) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:28.436Z to 2026-09-09T23:48:28.436Z Record version: sha256:a8b2dcde4437de97da86e635a2632e8cf18cfc0db2f2a17c86c28b4f44cb0284 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 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 [Subparagraph superseded by Accounting Standards Update No. 2010-25](https://asc.understandingaccounting.org/updates/asu-2010-25/). 10. j Real estate 11. k Self-directed brokerage accounts (that is, an investment option that allows participants to select investments outside the plan's core options). For the presentation of [fully benefit-responsive investment contracts](https://asc.understandingaccounting.org/glossary/f/#fully-benefit-responsive-investment-contract "An investment contract is considered fully benefit-responsive if all of the following criteria are met for that contract, analyzed on an individual basis: The investment contract is effected directly between the plan and the issuer and prohibits the plan from assigning or selling the contract or its proceeds to another party without the consent of the issuer. Either of the following conditions exists: The repayment of principal and interest credited to participants in the plan is a financial obligation of the issuer of the investment contract. Prospective interest crediting rate adjustments are provided to participants in the plan on a designated pool of investments held by the plan or the contract issuer, whereby a financially responsible third party, through a contract generally referred to as a wrapper, must provide assurance that the adjustments to the interest crediting rate will not result in a future interest crediting rate that is less than zero. If an event has occurred such that realization of full contract value for a particular investment contract is no longer probable (for example, a significant decline in creditworthiness of the contract issuer or wrapper provider), the investment contract shall no longer be considered fully benefit-responsive. The terms of the investment contract require all permitted participant-initiated transactions with the plan to occur at contract value with no conditions, limits, or restrictions. Permitted participant-initiated transactions are those transactions allowed by the plan, such as any of the following: Withdrawals for benefits Loans Transfers to other funds within the plan. An event that limits the ability of the plan to transact at contract value with the issuer and that also limits the ability of the plan to transact at contract value with the participants in the plan, such as any of the following, must be probable of not occurring: Premature termination of the contracts by the plan Plant closings Layoffs Plan termination Bankruptcy Mergers Early retirement incentives. The plan itself must allow participants reasonable access to their funds. If access to funds is substantially restricted by plan provisions, investment contracts held by those plans may not be considered to be fully benefit-responsive. For example, if plan participants are allowed access at contract value to all or a portion of their account balances only upon termination of their participation in the plan, it would not be considered reasonable access and, therefore, investment contracts held by that plan would generally not be deemed to be fully benefit-responsive. However, in plans with a single investment fund that allow reasonable access to assets by inactive participants, restrictions on access to assets by active participants consistent with the objective of the plan (for example, retirement or health and welfare benefits) will not affect the benefit responsiveness of the investment contracts held by those single-fund plans. Also, if a plan limits participants' access to their account balances to certain specified times during the plan year (for example, semiannually or quarterly) to control the administrative costs of the plan, that limitation generally would not affect the benefit responsiveness of the investment contracts held by that plan. In addition, administrative provisions that place short-term restrictions (for example, three or six months) on transfers to competing fixed-rate investment options to limit arbitrage among those investment options (equity wash provisions) would not affect a contract's benefit responsiveness."), which are measured at contract value, see paragraphs [962-325-35-5A](https://asc.understandingaccounting.org/asc/325/962/#325-962-35-5A) and [962-325-50-3](https://asc.understandingaccounting.org/asc/325/962/#325-962-50-3). ##### [325-962-45-6](https://asc.understandingaccounting.org/asc/325/962/#325-962-45-6) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:28.436Z to 2026-09-09T23:48:28.436Z Record version: sha256:a26865dca1c5e9c915045cd0d76cf291c19f4a823b9c0e789e208e639ecf0584 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The presentation shall indicate whether the fair values of the investments have been measured by quoted market prices in an active market or were determined otherwise. ##### [325-962-45-7](https://asc.understandingaccounting.org/asc/325/962/#325-962-45-7) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:28.436Z to 2026-09-09T23:48:28.436Z Record version: sha256:7b8c687a064714d2435fc7da07fa47d637ef5b0087675225741a69c31064089f 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). ##### [325-962-45-8](https://asc.understandingaccounting.org/asc/325/962/#325-962-45-8) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:28.436Z to 2026-09-09T23:48:28.436Z Record version: sha256:8b3c9b25af721dda1bd1c08dacfca8f995fdcceef037eb727f96e51dc7324b42 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If a [defined contribution plan](https://asc.understandingaccounting.org/glossary/d/#defined-contribution-plan "A plan that provides an individual account for each participant and provides benefits that are based on all of the following: amounts contributed to the participant's account by the employer or employee; investment experience; and any forfeitures allocated to the account, less any administrative expenses charged to the plan. Defined contribution health and welfare plans—Defined contribution health and welfare plans maintain an individual account for each plan participant. They have terms that specify the means of determining the contributions to participants' accounts, rather than the amount of benefits the participants are to receive. The benefits a plan participant will receive are limited to the amount contributed to the participant's account, investment experience, expenses, and any forfeitures allocated to the participant's account. These plans also include flexible spending arrangements. Defined contribution postretirement plan—A plan that provides postretirement benefits in return for services rendered, provides an individual account for each plan participant, and specifies how contributions to the individual's account are to be determined rather than specifies the amount of benefits the individual is to receive. Under a defined contribution postretirement plan, the benefits a plan participant will receive depend solely on the amount contributed to the plan participant's account, the returns earned on investments of those contributions, and the forfeitures of other plan participants' benefits that may be allocated to that plan participant's account.") provides for participant-directed and non-participant-directed investment programs, the plan shall disclose information in the financial statements about the net assets and significant components of the changes in net assets relating to the non-participant-directed program with such reasonable detail, either in the financial statements or accompanying notes, as is necessary to identify the types of investments and changes therein. ##### [325-962-45-9](https://asc.understandingaccounting.org/asc/325/962/#325-962-45-9) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:28.436Z to 2026-09-09T23:48:28.436Z Record version: sha256:63b0cace00546d684efe5ae7ea93badff94c2ac61efe3c43e3cf566cae16d134 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The interest income earned and rebate interest paid as a result of securities lending activity shall be recorded on the statement of changes in net assets available for benefits. ##### [325-962-45-10](https://asc.understandingaccounting.org/asc/325/962/#325-962-45-10) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:28.436Z to 2026-09-09T23:48:28.436Z Record version: sha256:fe8510844bcd09956f374b3739e6fbad571829c87503cee306dc8654ccee369d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2010-25](https://asc.understandingaccounting.org/updates/asu-2010-25/).