# ASC 715-70: Compensation—Retirement Benefits — Defined Contribution Plans Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/715/70/) 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): 2026-09-10T01:00:58.143Z to 2026-09-10T01:01:17.755Z Record version: sha256:1ba7a48dadbf9e895541d5af02d41c0ee0f1a7740e03fded8307949fea81e91d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 715-70: Compensation—Retirement Benefits — Defined Contribution Plans ### Machine-generated study aids ```json { "summary": "ASC 715-70 governs employer accounting and disclosure for defined contribution pension and other postretirement benefit plans—plans that provide an individual account for each participant and benefits based only on contributions plus returns. The core rule is that net periodic cost equals the contribution called for in the period in which the employee renders service (715-70-35-1), with costs accrued during the service period if contributions relate to periods after retirement or termination. Plans with characteristics of both defined benefit and defined contribution plans must be accounted for based on their substance (715-70-15-2).", "key_points": [ "An employer's obligation is fully satisfied when the period's contribution is made, provided costs are not deferred and recognized after the related service period (715-70-05-2).", "Net pension or other postretirement benefit cost for a period is the contribution called for in that period; contributions called for after retirement or termination must be accrued during the employee's service period (715-70-35-1).", "If a plan has characteristics of both a defined benefit and defined contribution plan and its substance is to provide a defined benefit (e.g., some target benefit plans), account for it under Subtopic 715-30 or 715-60 and disclose per 715-20-50-1 and 715-20-50-5 (715-70-15-2).", "Employers must disclose defined contribution plan cost for all periods presented separately from defined benefit cost, plus the nature and effect of significant changes affecting comparability such as a change in contribution rate, a business combination, or a divestiture (715-70-50-1).", "A floor-offset arrangement—where account balances in a defined contribution plan reduce the employer's defined benefit obligation—is accounted for as two separate plans, not one (715-70-55-2 through 55-3).", "Assets contributed in excess of the required annual contribution and held in a suspense account pending allocation are recorded as an employer asset (the employer retains the risks and rewards), with compensation expense recognized when the plan makes the allocation, measured at fair value at that time (715-70-55-4 through 55-7).", "Unallocated employer common stock in the plan is reported as treasury stock; unallocated employer and third-party debt securities are reported as assets (not debt extinguishment) measured at the lower of cost or fair value (715-70-55-8 through 55-9)." ], "categories": [ "Compensation and benefits", "Recognition", "Disclosure", "Subsequent measurement" ], "audience_level": "intermediate", "student_note": "Exams love the contrast: defined contribution cost is simply the contribution owed for the period—no actuarial assumptions, no funded status on the balance sheet—whereas defined benefit accounting under 715-30/715-60 is far more complex. The classic trap is assuming a plan labeled \"defined contribution\" is one; substance controls (target benefit and floor-offset arrangements must be analyzed carefully, and floor-offset arrangements are two separate plans).", "related_topics": [ "715-10", "715-20", "715-30", "715-60", "320-10", "321-10" ], "key_concepts": [ "defined contribution plan", "net periodic benefit cost", "individual participant accounts", "floor-offset plan", "target benefit plan", "unallocated suspense account assets", "postretirement health care accounts", "treasury stock presentation" ] } ``` Source downloaded (UTC): 2026-09-10T01:00:58.143Z to 2026-09-10T01:00:58.143Z Record version: sha256:4e83077bcde112e1c6fbf4d08bb90880ad129920235493b7d8e37852e059ae88 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 715-70-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/715/70/#00-status) SEC content: no ##### [715-70-00-1](https://asc.understandingaccounting.org/asc/715/70/#715-70-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:58.143Z to 2026-09-10T01:00:58.143Z Record version: sha256:f62a36466a6fd54fa262a58335c576606740c2237d05e3c77f9d6697f477e4bd 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
Defined Contribution PlanAmendedAccounting Standards Update No. 2014-0603/14/2014
Defined Contribution Postretirement PlanSupersededAccounting Standards Update No. 2014-0603/14/2014
Fair Value (3rd def.)AddedAccounting Standards Update No. 2012-0410/01/2012
715-70-15-2AddedAccounting Standards Update No. 2012-0410/01/2012
715-70-35-2SupersededAccounting Standards Update No. 2012-0410/01/2012
715-70-50-1AmendedAccounting Standards Update No. 2014-0603/14/2014
715-70-55-6AmendedAccounting Standards Update No. 2016-0101/05/2016
715-70-55-7AmendedAccounting Standards Update No. 2012-0410/01/2012
715-70-55-9AmendedAccounting Standards Update No. 2012-0410/01/2012
Source downloaded (UTC): 2026-09-10T01:01:00.742Z to 2026-09-10T01:01:00.742Z Record version: sha256:2ff3f1feb8eca0b0e55c799dbfd773724ef7fd57343dead20614d0bb1ec2fb02 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 715-70-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/715/70/#05-overview-and-background) SEC content: no ##### [715-70-05-1](https://asc.understandingaccounting.org/asc/715/70/#715-70-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:00.742Z to 2026-09-10T01:01:00.742Z Record version: sha256:3e2340b5b95cb5e3f5280d9092cb9b3413b09aa1a32a4aca0e9a693e56e45227 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic provides guidance on the accounting and reporting of [defined contribution plans](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."). ##### [715-70-05-2](https://asc.understandingaccounting.org/asc/715/70/#715-70-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:00.742Z to 2026-09-10T01:01:00.742Z Record version: sha256:3a79a8199641f8751f60259b1539fb16bc74f33d5788ade4a07f179bad0e8974 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An employer's present obligation under the terms of a plan is fully satisfied when the contribution for the period is made, provided that costs (defined contributions) are not being deferred and recognized in periods after the related service period of the individual to whose account the contributions are to be made. ##### [715-70-05-3](https://asc.understandingaccounting.org/asc/715/70/#715-70-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:00.742Z to 2026-09-10T01:01:00.742Z Record version: sha256:a173c78844efc01654b4c21817db39d6907e9b2d5d208f06e5de46cc9a20c47c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In a postretirement health plan, an employer may establish individual postretirement health care accounts for each employee, each year contributing a specified amount to each active employee's account. The balance in each employee's account may be used by that employee after the employee's retirement to purchase health care insurance or for other health care benefits. Rather than providing for defined health care benefits, the employer is providing a defined amount of money that may be used by retirees toward the payment of their health care costs. Source downloaded (UTC): 2026-09-10T01:01:03.844Z to 2026-09-10T01:01:03.844Z Record version: sha256:b5eaaf2045becfc1dea7f774bb1f1d222d42585469a8c5e87935bdf1ba520c2b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 715-70-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/715/70/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [715-70-15-1](https://asc.understandingaccounting.org/asc/715/70/#715-70-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:03.844Z to 2026-09-10T01:01:03.844Z Record version: sha256:4c4ed714c3b6177eca80e7a50366221eee78b2f23d75c4a34777ee6c23c8fcd5 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 715-10-15. #### Plans with Characteristics of both a Defined Contribution and a Defined Benefit Plan ##### [715-70-15-2](https://asc.understandingaccounting.org/asc/715/70/#715-70-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:03.844Z to 2026-09-10T01:01:03.844Z Record version: sha256:db4eb663facb489e071a883f3d84d6d23f50925b2f1e1150e8f728635542bde2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A pension or other postretirement benefit plan having characteristics of both a defined benefit plan and 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.") requires careful analysis. If the substance of the plan is to provide a defined benefit, as may be the case with some target benefit plans, the accounting requirements shall be determined in accordance with the provisions of Subtopic 715-30 or 715-60 applicable to a defined benefit plan and the disclosure requirements shall be determined in accordance with the provisions of paragraphs [715-20-50-1](https://asc.understandingaccounting.org/asc/715/20/#715-20-50-1) and [715-20-50-5](https://asc.understandingaccounting.org/asc/715/20/#715-20-50-5). Source downloaded (UTC): 2026-09-10T01:01:08.191Z to 2026-09-10T01:01:08.191Z Record version: sha256:835915647fe12255bb8815a81f5dad6d1915f17eb63597306cd3cdd17b5cbd5c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 715-70-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/715/70/#35-subsequent-measurement) SEC content: no #### Defined Contribution Plans ##### [715-70-35-1](https://asc.understandingaccounting.org/asc/715/70/#715-70-35-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:08.191Z to 2026-09-10T01:01:08.191Z Record version: sha256:31a3274b3d49dae0c5daea65c40f9ce009cc53f17840daff4d6433067088dccd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. To the extent a plan's defined contributions to an individual's account are to be made for periods in which that individual renders services, the net pension or other postretirement benefit cost for a period shall be the contribution called for in that period. If a plan calls for contributions for periods after an individual retires or terminates, the estimated cost shall be accrued during the employee's service period. ##### [715-70-35-2](https://asc.understandingaccounting.org/asc/715/70/#715-70-35-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:08.191Z to 2026-09-10T01:01:08.191Z Record version: sha256:9d895edccbf6d19518e10346d513deb66618f2baf45ca132fe1eff058039ded3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2012-04](https://asc.understandingaccounting.org/updates/asu-2012-04/). Source downloaded (UTC): 2026-09-10T01:01:10.146Z to 2026-09-10T01:01:10.146Z Record version: sha256:cc1e825dfeb5fb8b00f40762269f79114c0be62f11da8dfcbf6d622b454b5de2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 715-70-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/715/70/#50-disclosure) SEC content: no ##### [715-70-50-1](https://asc.understandingaccounting.org/asc/715/70/#715-70-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:10.146Z to 2026-09-10T01:01:10.146Z Record version: sha256:2571d7760e38cac80daf3e5854d37fb3e3793d566661f1a8afce43ef1e439902 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An employer shall disclose the amount of cost recognized for defined contribution pension plans and for other [defined contribution postretirement benefit plans](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.") for all periods presented separately from the amount of cost recognized for defined benefit plans. The disclosures shall include a description of the nature and effect of any significant changes during the period affecting comparability, such as a change in the rate of employer contributions, a business combination, or a divestiture. Source downloaded (UTC): 2026-09-10T01:01:13.649Z to 2026-09-10T01:01:13.649Z Record version: sha256:34eb6d15297d4809256a46dc03051bbff20a4a0a3a5c38dd4285079f0af50a04 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 715-70-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/715/70/#55-implementation-guidance-and-illustrations) SEC content: no #### Implementation Guidance ##### [715-70-55-1](https://asc.understandingaccounting.org/asc/715/70/#715-70-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:13.649Z to 2026-09-10T01:01:13.649Z Record version: sha256:45b5f6b5ecea55d5abbb5dfafafd1a400536214018c8d6b3b213c2fcfc28396f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Section, which is an integral part of the requirements of this Subtopic, provides general guidance related to accounting and disclosure requirements of defined contribution pension and other postretirement benefit plans. ##### [715-70-55-2](https://asc.understandingaccounting.org/asc/715/70/#715-70-55-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:13.649Z to 2026-09-10T01:01:13.649Z Record version: sha256:ef7d2dffaba8672b395fe5bf1cd8dc829d6ae2d5c87d96d0200a3ceb63f1af60 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An employer has two legally separate pension or other postretirement benefit plans—a defined benefit plan and 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."). The terms of the defined benefit plan specify that the employer's obligation under that plan is reduced to the extent that a participant's account balance in the defined contribution plan shall be used to pay incurred benefits covered by the defined benefit plan. Those plans shall be considered two plans for purposes of applying this Subtopic. ##### [715-70-55-3](https://asc.understandingaccounting.org/asc/715/70/#715-70-55-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:13.649Z to 2026-09-10T01:01:13.649Z Record version: sha256:3360d2be4592ce26f7c9769b8ec0c38bbd103341729dce5defc700c82f24d006 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The defined benefit plan is commonly described as a floor-offset plan. As participants' account balances in the defined contribution plan grow, the employer's obligation under the defined benefit plan diminishes. However, the nature of the employer's obligation under each plan, how that obligation is satisfied, the availability of plan assets to pay benefits, and the accounting for a defined benefit versus a defined contribution plan are sufficiently dissimilar for the two plans that they cannot be considered a single plan for purposes of applying the guidance in this Subtopic. See paragraphs [715-60-55-32 through 55-34](https://asc.understandingaccounting.org/asc/715/60/#715-60-55-32) for additional guidance on floor-offset plans. ##### [715-70-55-4](https://asc.understandingaccounting.org/asc/715/70/#715-70-55-4) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:13.649Z to 2026-09-10T01:01:13.649Z Record version: sha256:efae5ebf1f86b121142ef74ce38105d4f0fb5697603edf073069fb82d2a55972 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. When an employer terminates a defined benefit plan and contributes the assets withdrawn to a defined contribution plan and the amount contributed is in excess of the employer's required (or maximum) annual contribution to the plan, the assets in excess of the required contribution are maintained in a suspense account pending allocation to plan participants. Those assets are not allocated to individual participants' accounts, and the employer retains the risks and rewards of ownership of the assets. ##### [715-70-55-5](https://asc.understandingaccounting.org/asc/715/70/#715-70-55-5) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:13.649Z to 2026-09-10T01:01:13.649Z Record version: sha256:bbedc182e77e666b8acb085756aa4b3c14dd5c6371db71b61ec1131c60865982 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The excess contribution that is not allocated to individual participants shall be accounted for as an asset regardless of the source of funds to make the excess unallocated contribution (for example, either from an asset reversion of a defined benefit plan or otherwise). ##### [715-70-55-6](https://asc.understandingaccounting.org/asc/715/70/#715-70-55-6) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:13.649Z to 2026-09-10T01:01:13.649Z Record version: sha256:12361cfd8987b0a001a0b37596c08f353b4e828edf5af557bda315cfb19c26e6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The unallocated amount shall be treated as if it were part of the employer's investment portfolio and recorded as an asset until allocation to individual participants. For example, if the unallocated amount consists of equity securities, the accounting as required by Subtopic 321-10 shall apply. If the employer is subject to specialized industry accounting rules, as indicated in paragraph [320-10-15-3](https://asc.understandingaccounting.org/asc/320/10/#320-10-15-3) or paragraph [321-10-15-3](https://asc.understandingaccounting.org/asc/321/10/#321-10-15-3), such specialized industry rules would apply. Income attributable to such securities, including dividends, interest, and realized gains and losses, should be reported in a manner consistent with the employer's reporting of similar items. ##### [715-70-55-7](https://asc.understandingaccounting.org/asc/715/70/#715-70-55-7) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:13.649Z to 2026-09-10T01:01:13.649Z Record version: sha256:5a998b661b6fa7d671899685b6215a1a8f143d6486701500ec3e23592f19387d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Compensation expense shall be reflected at the time the allocation is made by the plan based on 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.") of the assets at that time. ##### [715-70-55-8](https://asc.understandingaccounting.org/asc/715/70/#715-70-55-8) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:13.649Z to 2026-09-10T01:01:13.649Z Record version: sha256:ee39da00c3488ae25f3aeb05279ecc4c90603ffb8347914651671cc8522afeea Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The employer shall report the portion of the unallocated assets of the plan that consist of employer common stock as treasury stock in the employer's financial statements. ##### [715-70-55-9](https://asc.understandingaccounting.org/asc/715/70/#715-70-55-9) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:13.649Z to 2026-09-10T01:01:13.649Z Record version: sha256:3b148717ed9bd9a812e0ffa77fca6fa24c21bfb7ff6b6080354b819538ab0206 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. With respect to the employer's own debt securities and a third party's debt securities the employer shall report the portion of the unallocated assets of the plan that consist of employer debt securities as an asset rather than as an extinguishment of debt. This Subtopic applies only to employer debt securities included in the unallocated assets of a defined contribution plan and shall not apply to other circumstances in which an entity acquires its own debt securities. Debt securities, both of third parties and of the employer, included in the unallocated assets of a defined contribution plan shall be measured at the lower of cost or fair value with any write-downs reflected in the income statement.