# ASC 715-80-50: Compensation—Retirement Benefits — Multiemployer Plans — 50 Disclosure Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/715/80/#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): 2026-09-10T01:01:36.483Z to 2026-09-10T01:01:36.483Z Record version: sha256:dbd51bd27222313267606c591f12b729482bda2e49d8945d3d1747b8d52c580e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 715-80-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/715/80/#50-disclosure) SEC content: no ##### [715-80-50-1](https://asc.understandingaccounting.org/asc/715/80/#715-80-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:36.483Z to 2026-09-10T01:01:36.483Z Record version: sha256:23a97dd5037378d7af76f8e8e993d20b45b8be8412861eb574644e7995d19728 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2011-09](https://asc.understandingaccounting.org/updates/asu-2011-09/). ##### [715-80-50-2](https://asc.understandingaccounting.org/asc/715/80/#715-80-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:36.483Z to 2026-09-10T01:01:36.483Z Record version: sha256:0fcdd2ff270e02fd39a53d4c752b9af1b6cf8282b0bf2576c58dd45df2969edb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An employer shall apply the provisions of Topic 450 to its participation in a [multiemployer plan](https://asc.understandingaccounting.org/glossary/m/#multiemployer-plan "A pension or postretirement benefit plan to which two or more unrelated employers contribute, usually pursuant to one or more collective-bargaining agreements. A characteristic of multiemployer plans is that assets contributed by one participating employer may be used to provide benefits to employees of other participating employers since assets contributed by an employer are not segregated in a separate account or restricted to provide benefits only to employees of that employer. A multiemployer plan is usually administered by a board of trustees composed of management and labor representatives and may also be referred to as a joint trust or union plan. Generally, many employers participate in a multiemployer plan, and an employer may participate in more than one plan. The employers participating in multiemployer plans usually have a common industry bond, but for some plans the employers are in different industries and the labor union may be their only common bond. Some multiemployer plans do not involve a union. For example, local chapters of a not-for-profit entity (NFP) may participate in a plan established by the related national organization.") if it is either probable or reasonably possible that either of the following would occur: 1. a An employer would withdraw from the plan under circumstances that would give rise to an obligation. 2. b An employer's contribution to the fund would be increased during the remainder of the contract period to make up a shortfall in the funds necessary to maintain the negotiated level of benefit coverage (a maintenance of benefits clause). #### Multiemployer Plans That Provide Pension Benefits ##### [715-80-50-3](https://asc.understandingaccounting.org/asc/715/80/#715-80-50-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:36.483Z to 2026-09-10T01:01:36.483Z Record version: sha256:7a527311ed68f8d095cf38ce9c1ce35564e8b1b7552f324e719f06804ef1a68d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An employer shall provide the disclosures required by paragraphs [715-80-50-4 through 50-10](https://asc.understandingaccounting.org/asc/715/80/#715-80-50-4) in annual financial statements. The disclosures of the employer's contributions made to the plan in paragraphs 715-80-50-4 through 50-10 include all items recognized as net pension costs (see paragraph [715-80-35-1](https://asc.understandingaccounting.org/asc/715/80/#715-80-35-1)). The disclosures based on _the most recently available_ information shall be the most recently available through the date at which the employer has evaluated subsequent events. ##### [715-80-50-4](https://asc.understandingaccounting.org/asc/715/80/#715-80-50-4) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:36.483Z to 2026-09-10T01:01:36.483Z Record version: sha256:793f23328f780f698f298e26c97fe10ba11ed8a967ab1adc48b84cf0b89a63f5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An employer that participates in a multiemployer plan that provides [pension benefits](https://asc.understandingaccounting.org/glossary/p/#pension-benefits "Periodic (usually monthly) payments made pursuant to the terms of the pension plan to a person who has retired from employment or to that person's beneficiary.") shall provide a narrative description both of the general nature of the multiemployer plans that provide pension benefits and of the employer's participation in the plans that would indicate how the risks of participating in these plans are different from [single-employer plans](https://asc.understandingaccounting.org/glossary/s/#single-employer-plan "A pension plan or other postretirement benefit plan that is maintained by one employer. The term also may be used to describe a plan that is maintained by related parties such as a parent and its subsidiaries."). ##### [715-80-50-5](https://asc.understandingaccounting.org/asc/715/80/#715-80-50-5) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:36.483Z to 2026-09-10T01:01:36.483Z Record version: sha256:044224ec0066026d56dbd12ab671ed88dd2e465c1f6dcc766235a4fe178fa91f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. When feasible, the information required by this paragraph shall be provided in a tabular format. Information that requires greater narrative description may be provided outside the table. For each individually significant multiemployer plan that provides pension benefits, an employer shall disclose the following: 1. a Legal name of the plan. 2. b The plan's Employer Identification Number and, if available, its plan number. 3. c For each statement of financial position presented, the most recently available certified zone status provided by the plan, as currently defined by the Pension Protection Act of 2006 or a subsequent amendment of that Act. The disclosure shall specify the date of the plan's year-end to which the zone status relates and whether the plan has utilized any extended amortization provisions that affect the calculation of the zone status. If the zone status is not available, an employer shall disclose, as of the most recent date available, on the basis of the financial statements provided by the plan, the total plan assets and accumulated benefit obligations, whether the plan was: 1. 1 Less than 65 percent funded 2. 2 Between 65 percent and 80 percent funded 3. 3 At least 80 percent funded. 4. d The expiration date(s) of the collective-bargaining agreement(s) requiring contributions to the plan, if any. If more than one collective-bargaining agreement applies to the plan, the employer shall provide a range of the expiration dates of those agreements, supplemented with a qualitative description that identifies the significant collective-bargaining agreements within that range as well as other information to help investors understand the significance of the collective-bargaining agreements and when they expire (for example, the portion of employees covered by each agreement or the portion of contributions required by each agreement). 5. e For each period that a statement of income (statement of activities for a [not-for-profit entity](https://asc.understandingaccounting.org/glossary/n/#not-for-profit-entity "An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.")) is presented: 1. 1 The employer's contributions made to the plan 2. 2 Whether the employer's contributions represent more than 5 percent of total contributions to the plan as indicated in the plan's most recently available annual report (Form 5500 for U.S. plans). The disclosure shall specify the year-end date of the plan to which the annual report relates. 6. f As of the end of the most recent annual period presented: 1. 1 Whether a funding improvement plan or rehabilitation plan (for example, as those terms are defined by the Employment Retirement Security Act of 1974) had been implemented or was pending 2. 2 Whether the employer paid a surcharge to the plan 3. 3 A description of any minimum contribution(s), required for future periods by the collective-bargaining agreement(s), statutory obligations, or other contractual obligations, if applicable. Factors other than the amount of the employer's contribution to a plan, for example, the severity of the underfunded status of the plan, may need to be considered when determining whether a plan is significant. ##### [715-80-50-6](https://asc.understandingaccounting.org/asc/715/80/#715-80-50-6) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:36.483Z to 2026-09-10T01:01:36.483Z Record version: sha256:95936fb81f2c74bbe80080e4d622cd8ea65d570849b2408d433c6ae4caf2eba7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An employer shall provide a description of the nature and effect of any significant changes that affect comparability of total employer contributions from period to period, such as: 1. a A business combination or a divestiture 2. b A change in the contractual employer contribution rate 3. c A change in the number of employees covered by the plan during each year. ##### [715-80-50-7](https://asc.understandingaccounting.org/asc/715/80/#715-80-50-7) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:36.483Z to 2026-09-10T01:01:36.483Z Record version: sha256:e37700c98a23c27a73c609c4c356424c6b4cd7ec5f9285286655e1a95842821d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The requirements in paragraph [715-80-50-5](https://asc.understandingaccounting.org/asc/715/80/#715-80-50-5) assume that the other information about the plan is available in the public domain. For example, for U.S. plans, the plan information in Form 5500 is publicly available. In circumstances in which plan level information is not available in the public domain, an employer shall disclose, in addition to the requirements of paragraphs [715-80-50-5 through 50-6](https://asc.understandingaccounting.org/asc/715/80/#715-80-50-5) , the following information about each significant plan: 1. a A description of the nature of the plan benefits 2. b A qualitative description of the extent to which the employer could be responsible for the obligations of the plan, including benefits earned by employees during employment with another employer 3. c Other quantitative information, to the extent available, as of the most recent date available, to help users understand the financial information about the plan, such as total plan assets, actuarial present value of accumulated plan benefits, and total contributions received by the plan. If the quantitative information in paragraph [715-80-50-5(c)](https://asc.understandingaccounting.org/asc/715/80/#715-80-50-5), [715-80-50-5(e)(2)](https://asc.understandingaccounting.org/asc/715/80/#715-80-50-5), or [715-80-50-7(c)](https://asc.understandingaccounting.org/asc/715/80/#715-80-50-7) cannot be obtained without undue cost and effort, that quantitative information may be omitted and the employer shall describe what information has been omitted and why. In that circumstance, the employer also shall provide any qualitative information as of the most recent date available that would help users understand the financial information that otherwise is required to be disclosed about the plan. ##### [715-80-50-8](https://asc.understandingaccounting.org/asc/715/80/#715-80-50-8) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:36.483Z to 2026-09-10T01:01:36.483Z Record version: sha256:c76a2e001fc67662307bd23b58ab294f5e36aed62ebe58953a5f4b3cfc92b70f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Disclosures about multiemployer plans that are subject to the guidance in the preceding paragraph shall be included in a separate section of the tabular disclosure required by paragraph [715-80-50-5](https://asc.understandingaccounting.org/asc/715/80/#715-80-50-5). ##### [715-80-50-9](https://asc.understandingaccounting.org/asc/715/80/#715-80-50-9) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:36.483Z to 2026-09-10T01:01:36.483Z Record version: sha256:cc7dd4be4b6274a7af527fe155c7a151ee6c8a3476b0ef26871906f56054c1fe Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In addition to the information about the significant multiemployer plans that provide pension benefits required by paragraphs [715-80-50-5](https://asc.understandingaccounting.org/asc/715/80/#715-80-50-5) and [715-80-50-7](https://asc.understandingaccounting.org/asc/715/80/#715-80-50-7), an employer shall disclose in a tabular format for each annual period for which a statement of income or statement of activities is presented, both of the following: 1. a Its total contributions made to all plans that are not individually significant 2. b Its total contributions made to all plans. ##### [715-80-50-10](https://asc.understandingaccounting.org/asc/715/80/#715-80-50-10) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:36.483Z to 2026-09-10T01:01:36.483Z Record version: sha256:2a0900391305a45c9a60485e1a7131db9918d901987261dcf0c8e6bcd01d6611 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See Example 1 (paragraph [715-80-55-6](https://asc.understandingaccounting.org/asc/715/80/#715-80-55-6)) for an illustration of the application of the disclosure requirements in paragraphs [715-80-50-4 through 50-9](https://asc.understandingaccounting.org/asc/715/80/#715-80-50-4) ). #### Multiemployer Plans That Provide Postretirement Benefits Other Than Pensions ##### [715-80-50-11](https://asc.understandingaccounting.org/asc/715/80/#715-80-50-11) Pending content: no Source downloaded (UTC): 2026-09-10T01:01:36.483Z to 2026-09-10T01:01:36.483Z Record version: sha256:27f60273f38f35ce9ff6cdc051f34c9b44be7fc9b83835806f96e5b78cf44992 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An employer shall disclose the amount of contributions to multiemployer plans that provide [postretirement benefits other than pensions](https://asc.understandingaccounting.org/glossary/p/#postretirement-benefits-other-than-pensions "See Postretirement Benefits.") for each annual period for which a statement of income or statement of activities is presented. The disclosures shall include a description of the nature and effect of any changes that affect comparability of total employer contributions from period to period, such as: 1. a A business combination or a divestiture 2. b A change in the contractual employer contribution rate 3. c A change in the number of employees covered by the plan during each year. The disclosures also shall include a description of the nature of the benefits and the types of employees covered by these benefits, such as medical benefits provided to active employees and retirees.