# ASC 325-962-50: Investments—Other — Plan Accounting—Defined Contribution Pension Plans — 50 Disclosure Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/325/962/#50-disclosure) 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): 2026-09-09T23:48:30.446Z to 2026-09-09T23:48:30.446Z Record version: sha256:cde80bca103a9589f11cfce03f31250e63a31f434e94f6dffa920ac8973b6d60 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 325-962-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/325/962/#50-disclosure) SEC content: no ##### [325-962-50-1](https://asc.understandingaccounting.org/asc/325/962/#325-962-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:30.446Z to 2026-09-09T23:48:30.446Z Record version: sha256:c5bf3ae3b5107a6fde2ea233f64b11666ae6c0bd456c84c00d47293039e68942 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Disclosure of a defined contribution plan's accounting policies shall include a description of the valuation techniques and inputs used to measure the [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.") less costs to sell, if significant, 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 insurance contracts (if any). However, defined contribution 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 [962-325-45-5](https://asc.understandingaccounting.org/asc/325/962/#325-962-45-5). ##### [325-962-50-1A](https://asc.understandingaccounting.org/asc/325/962/#325-962-50-1A) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:30.446Z to 2026-09-09T23:48:30.446Z Record version: sha256:7a5dabefaa3d1f7a10416846bc7532e805bf051f097e2c74084a9e9cde87d8e7 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). ##### [325-962-50-2](https://asc.understandingaccounting.org/asc/325/962/#325-962-50-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:30.446Z to 2026-09-09T23:48:30.446Z Record version: sha256:b20232e02a457acbf80037f3e01b26a3739b4a52385d9c3abc68368d3506a1e0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Original cost of investments is not required to be disclosed. ##### [325-962-50-2A](https://asc.understandingaccounting.org/asc/325/962/#325-962-50-2A) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:30.446Z to 2026-09-09T23:48:30.446Z Record version: sha256:54c96a1906597802f76c0d4528b378289b8bf259f92deb3d539852711abe4f15 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 [962-325-35-1B](https://asc.understandingaccounting.org/asc/325/962/#325-962-35-1B) and the month-end measurement date. ##### [325-962-50-2B](https://asc.understandingaccounting.org/asc/325/962/#325-962-50-2B) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:30.446Z to 2026-09-09T23:48:30.446Z Record version: sha256:1bb97e0741060b9244fc637c28f0591689d2d7354977e160880522bb9226531c 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 [962-325-35-1B](https://asc.understandingaccounting.org/asc/325/962/#325-962-35-1B) 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. #### Fully Benefit-Responsive Investment Contracts ##### [325-962-50-3](https://asc.understandingaccounting.org/asc/325/962/#325-962-50-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:30.446Z to 2026-09-09T23:48:30.446Z Record version: sha256:529e175e1d541ceee3020366afa9c974f75b47f0e52bd0da11af7be3c8122735 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Defined contribution plans shall disclose the following in connection with [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."), in the aggregate: 1. a A description of the nature of those investment contracts (including how they operate) by the type of investment contract (for example, synthetic investment contracts or traditional investment contracts). 1. 1 [Subparagraph superseded by Accounting Standards Update No. 2015-12](https://asc.understandingaccounting.org/updates/asu-2015-12/). (Part I). 2. 2 [Subparagraph superseded by Accounting Standards Update No. 2015-12](https://asc.understandingaccounting.org/updates/asu-2015-12/). (Part I). 2. b [Subparagraph superseded by Accounting Standards Update No. 2015-12](https://asc.understandingaccounting.org/updates/asu-2015-12/). (Part I). 3. c [Subparagraph superseded by Accounting Standards Update No. 2015-12](https://asc.understandingaccounting.org/updates/asu-2015-12/). (Part I). 4. d A description of the events that limit the ability of the plan to transact at contract value with the issuer, including a statement that the occurrence of each of those events that would limit the plan's ability to transact at contract value with participants in the plan is not probable of occurring. The following are examples of events that may limit the ability of the plan to transact at contract value: 1. 1 Premature termination of the contracts by the plan 2. 2 Plant closings 3. 3 Layoffs 4. 4 Plan termination 5. 5 Bankruptcy 6. 6 Mergers 7. 7 Early retirement incentives. The term _probable_ is used in this Subtopic consistent with its use in Section 450-20-25. 5. e A description of the events and circumstances that would allow issuers to terminate fully benefit-responsive investment contracts with the plan and settle at an amount different from contract value. 6. f The total contract value of each type of investment contract (for example, synthetic investment contracts or traditional investment contracts). ##### [325-962-50-4](https://asc.understandingaccounting.org/asc/325/962/#325-962-50-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:30.446Z to 2026-09-09T23:48:30.446Z Record version: sha256:7409fda0feb2886b37eb9e1379576988220f59e403aad265cd564cca3c0b647c 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 I). #### Non-Participant-Directed Investments ##### [325-962-50-5](https://asc.understandingaccounting.org/asc/325/962/#325-962-50-5) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:30.446Z to 2026-09-09T23:48:30.446Z Record version: sha256:a59d648563cfe14abaf1ba33e9b9f2ce2157c61fb9d1d5f1d8d644d50ddb3bb4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the disclosures regarding non-participant-directed investments required by paragraph [962-325-45-5](https://asc.understandingaccounting.org/asc/325/962/#325-962-45-5) are not made in the basic financial statements, they shall be made in the notes to financial statements. If a plan offers a program that is both participant- and non-participant-directed, and if the participant- and non-participant-directed amounts cannot be separately determined, the plan will be deemed to be non-participant-directed for purposes of these disclosures. For example, an employer-sponsored plan offers six [investment fund options](https://asc.understandingaccounting.org/glossary/i/#investment-fund-option "An investment alternative provided to a participant in a defined contribution plan. The alternatives are usually pooled fund vehicles, such as any of the following: Registered investment companies (meaning, mutual funds) Commingled funds of banks Insurance entity pooled separate accounts providing varying kinds of investments, for example, equity funds and fixed income funds. The participant may select from among the various available alternatives and periodically change that selection."), one of which is a stock fund that includes only the employer's stock. Employees at their discretion may invest their contributions in any of the six options. However, the employer's contribution to the plan (for example, the entity match) is automatically invested in the employer's stock fund. The stock fund is considered to be nonparticipant-directed for purposes of this disclosure if the employee and the employer amounts cannot be separately determined. ##### [325-962-50-6](https://asc.understandingaccounting.org/asc/325/962/#325-962-50-6) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:30.446Z to 2026-09-09T23:48:30.446Z Record version: sha256:e0435bec35dcbd61a11c75820befe89bf0ad7fded81fb97d53b977397ba95c7c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2017-06](https://asc.understandingaccounting.org/updates/asu-2017-06/). #### Interests in Master Trusts ##### [325-962-50-7](https://asc.understandingaccounting.org/asc/325/962/#325-962-50-7) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:30.446Z to 2026-09-09T23:48:30.446Z Record version: sha256:8d1c07632d47d18aec85c25c2f0a2c7891234c9add98dc01536aea0d0e5e2544 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)). ##### [325-962-50-8](https://asc.understandingaccounting.org/asc/325/962/#325-962-50-8) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:30.446Z to 2026-09-09T23:48:30.446Z Record version: sha256:47f3cff68980099fad04998315f946c477252cb00a28cf47de388f269a8acd35 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 [962-325-50-7](https://asc.understandingaccounting.org/asc/325/962/#325-962-50-7) for the components of total investment income. 3. 3 [Subparagraph superseded by Accounting Standards Update No. 2017-06](https://asc.understandingaccounting.org/updates/asu-2017-06/). 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. ##### [325-962-50-8A](https://asc.understandingaccounting.org/asc/325/962/#325-962-50-8A) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:30.446Z to 2026-09-09T23:48:30.446Z Record version: sha256:3ec2462ae8cddc42771eca5d9ddbd010ef1447aca8d90296c0d41fc227d6900c 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 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 10. j 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). ##### [325-962-50-8B](https://asc.understandingaccounting.org/asc/325/962/#325-962-50-8B) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:30.446Z to 2026-09-09T23:48:30.446Z Record version: sha256:d5affc25ce812f12636a8eb921342a947c379ca93dcb181c45c322e2d2bd0f56 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 [962-325-50-8A](https://asc.understandingaccounting.org/asc/325/962/#325-962-50-8A). See paragraph [962-325-55-18](https://asc.understandingaccounting.org/asc/325/962/#325-962-55-18) for an example of this disclosure. ##### [325-962-50-8C](https://asc.understandingaccounting.org/asc/325/962/#325-962-50-8C) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:30.446Z to 2026-09-09T23:48:30.446Z Record version: sha256:46bd4b313d2b701015d00cbff1c8f03de35c9891bcee106d93ecdf7e49eafbf5 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. #### Investments Measured Using the Net Asset Value per Share Practical Expedient ##### [325-962-50-9](https://asc.understandingaccounting.org/asc/325/962/#325-962-50-9) Pending content: no Source downloaded (UTC): 2026-09-09T23:48:30.446Z to 2026-09-09T23:48:30.446Z Record version: sha256:79a6be18b9453abb3cdc2a5fd05d9c0732507ba764c71feb77d98dccc4a2828d 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.