# ASC 960-30-45: Plan Accounting—Defined Benefit Pension Plans — Net Assets Available for Plan Benefits — 45 Other Presentation Matters Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/960/30/#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): 2026-09-10T02:23:22.904Z to 2026-09-10T02:23:22.904Z Record version: sha256:e3b44eb7ed6a2f38dd4bbaebefe8d42ef12be228129c0f109c0b307557020704 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 960-30-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/960/30/#45-other-presentation-matters) SEC content: no #### Changes in Net Assets Available for Benefits ##### [960-30-45-1](https://asc.understandingaccounting.org/asc/960/30/#960-30-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:23:22.904Z to 2026-09-10T02:23:22.904Z Record version: sha256:20e2f7f2181343dddfada4f549df9cc7aafb0cc4e4a1782f9b7c05a65ce2f318 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Information regarding changes in [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.") shall be presented in enough detail to identify the significant changes during the year. This guidance is not intended to limit the amount of detail or manner of presenting information regarding changes in the [net asset information](https://asc.understandingaccounting.org/glossary/n/#net-asset-information "Information regarding the net assets available for benefits."). Subclassifications and additional classifications may be useful. For example, separately reporting refunds of terminated employees' contributions may be useful. Alternatively, such refunds may be netted against contributions received from participants or included in [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.") paid. Accordingly, [plan administrators](https://asc.understandingaccounting.org/glossary/p/#plan-administrator "The person or group of persons responsible for the content and issuance of a plan's financial statements in much the same way that management is responsible for the content and issuance of a business entity's financial statements.") should use their best judgment in light of the relevant circumstances. ##### [960-30-45-2](https://asc.understandingaccounting.org/asc/960/30/#960-30-45-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:23:22.904Z to 2026-09-10T02:23:22.904Z Record version: sha256:5f4b2573211d2812484b86cabada8de9caaf85335f064840235c47ec5304754b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Information about changes in net assets available for benefits is intended to present the effects of significant changes in net assets during the year and shall present, at a minimum, all of the following: 1. a The net appreciation (depreciation) in fair value. 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)). 3. c Contributions from the employer, segregated between cash and noncash contributions. A noncash contribution shall be recorded at fair value. The nature of noncash contributions shall be described, either parenthetically or in a note. 4. d Contributions from participants, including those transmitted by the [sponsor](https://asc.understandingaccounting.org/glossary/s/#sponsor "In the case of a pension plan established or maintained by a single employer, the employer; in the case of a plan established or maintained by an employee entity, the employee entity; in the case of a plan established or maintained jointly by two or more employers or by one or more employers and one or more employee entities, the association, committee, joint board of trustees, or other group of representatives of the parties that have established or that maintain the pension plan."). 5. e Contributions from other identified sources (for example, state subsidies or federal grants). 6. f Benefits paid to participants. 7. g Payments to insurance entities to purchase contracts that are excluded from plan assets. Paragraph [960-205-50-1(e)](https://asc.understandingaccounting.org/asc/205/960/#205-960-50-1) requires disclosure of the plan's dividend income related to excluded contracts and permits that income to be netted against this item. 8. h Administrative expenses. 9. i Other changes (for example, transfers of assets to or from other plans) should also be presented if they are significant. ##### [960-30-45-3](https://asc.understandingaccounting.org/asc/960/30/#960-30-45-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:23:22.904Z to 2026-09-10T02:23:22.904Z Record version: sha256:21720c7c1e040989c2bb734296f37ca8540e065c3cf53e5a86a2436ce0065636 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Separate disclosure of realized gains and losses on investments sold during the year is neither required nor proscribed. #### 401(h) Accounts ##### [960-30-45-4](https://asc.understandingaccounting.org/asc/960/30/#960-30-45-4) Pending content: no Source downloaded (UTC): 2026-09-10T02:23:22.904Z to 2026-09-10T02:23:22.904Z Record version: sha256:0b58a1929798bf1f12734162caead3456d5af9dc68536668b9565a826a20ee6c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Because 401(h) net assets may not be used to satisfy pension obligations, the total of net assets available for [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 not include assets held in a [401(h) account](https://asc.understandingaccounting.org/glossary/h/#401-h-accounts "A postretirement medical-benefit component provided in some defined benefit pension plans in addition to the normal retirement benefits of the plan, pursuant to Section 401(h) of the Internal Revenue Code.") related to obligations of the health and welfare benefit plan. ##### [960-30-45-5](https://asc.understandingaccounting.org/asc/960/30/#960-30-45-5) Pending content: no Source downloaded (UTC): 2026-09-10T02:23:22.904Z to 2026-09-10T02:23:22.904Z Record version: sha256:723233a1f14694a55020123afd1b74586abb0905bec09a1a8480a53a3424e640 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The 401(h) account assets less liabilities (net assets of the 401(h) account) are required to be shown in [defined benefit pension plan](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.)") financial statements as a single line item on the face of the statements as illustrated in Example 2 (see paragraph [960-205-55-2](https://asc.understandingaccounting.org/asc/205/960/#205-960-55-2)). ##### [960-30-45-6](https://asc.understandingaccounting.org/asc/960/30/#960-30-45-6) Pending content: no Source downloaded (UTC): 2026-09-10T02:23:22.904Z to 2026-09-10T02:23:22.904Z Record version: sha256:d85bec02d725f3fe1f7c349db79ceaeda0a8eac569564a43a7fa3352c3a14a87 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Those net assets related to the 401(h) account also shall be deducted before arriving at the total of net assets available for pension benefits. ##### [960-30-45-7](https://asc.understandingaccounting.org/asc/960/30/#960-30-45-7) Pending content: no Source downloaded (UTC): 2026-09-10T02:23:22.904Z to 2026-09-10T02:23:22.904Z Record version: sha256:1161caa2ef7afed8cda282e502f455fb196feb8eaaf16fd4cf47c25bc05b78b0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In deducting those net assets, the amount relating to 401(h) features shall be presented as a separate line item in the liabilities section of the statement of net assets available for pension benefits. ##### [960-30-45-8](https://asc.understandingaccounting.org/asc/960/30/#960-30-45-8) Pending content: no Source downloaded (UTC): 2026-09-10T02:23:22.904Z to 2026-09-10T02:23:22.904Z Record version: sha256:e6a11d9d9ea606a264b7c072ac582052ce39fc01e74eeb00bfe1fc1f015adac6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The financial statement caption shall clearly denote that the net assets held in the 401(h) account relate to obligations of the health and welfare plan or arrangement. ##### [960-30-45-9](https://asc.understandingaccounting.org/asc/960/30/#960-30-45-9) Pending content: no Source downloaded (UTC): 2026-09-10T02:23:22.904Z to 2026-09-10T02:23:22.904Z Record version: sha256:54e7e5350c64b4de88baf3864790b3654953dbaaf3ae61182b3ef16bcce92233 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The statement of changes in net assets shall show only the changes in net assets of the pension plan and not any of the components of the changes in the net assets in the 401(h) account. ##### [960-30-45-10](https://asc.understandingaccounting.org/asc/960/30/#960-30-45-10) Pending content: no Source downloaded (UTC): 2026-09-10T02:23:22.904Z to 2026-09-10T02:23:22.904Z Record version: sha256:c1d1e74c934fe24f2b99d494ceff925beaf441b5bbc94cf17da19854cc823edc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The only amounts that shall be reported in the statement of changes in net assets are qualified transfers to the 401(h) account and/or any unused or unspent amounts (including allocated income) in the 401(h) account at the end of the year that were qualified transfers of excess pension [plan assets](https://asc.understandingaccounting.org/glossary/p/#plan-assets "Assets—usually stocks, bonds, and other investments—that have been segregated and restricted, usually in a trust, to provide for pension benefits. The amount of plan assets includes amounts contributed by the employer, and by employees for a contributory plan, and amounts earned from investing the contributions, less benefits paid. Plan assets ordinarily cannot be withdrawn by the employer except under certain circumstances when a plan has assets in excess of obligations and the employer has taken certain steps to satisfy existing obligations. Assets not segregated in a trust or otherwise effectively restricted so that they cannot be used by the employer for other purposes are not plan assets even though it may be intended that such assets be used to provide pensions. If a plan has liabilities other than for benefits, those nonbenefit obligations may be considered as reductions of plan assets. Amounts accrued by the employer but not yet paid to the plan are not plan assets. Securities of the employer held by the plan are includable in plan assets provided they are transferable.") that should have been but were not transferred back to the defined benefit pension plan. ##### [960-30-45-11](https://asc.understandingaccounting.org/asc/960/30/#960-30-45-11) Pending content: no Source downloaded (UTC): 2026-09-10T02:23:22.904Z to 2026-09-10T02:23:22.904Z Record version: sha256:f206b3006744ba5f7779479fd14ee817276813348490a2ea3d8495a0d5c08102 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/).