# ASC 965-20-05: Plan Accounting—Health and Welfare Benefit Plans — Net Assets Available for Plan Benefits — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/965/20/#05-overview-and-background)

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): 2026-09-10T02:24:35.865Z to 2026-09-10T02:24:35.865Z

Record version: sha256:680fe7a10eef9a3e6313beae3c43862efb26c1531901d52565fb57a7fe0d4de7

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 965-20-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/965/20/#05-overview-and-background)

SEC content: no

##### [965-20-05-1](https://asc.understandingaccounting.org/asc/965/20/#965-20-05-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T02:24:35.865Z to 2026-09-10T02:24:35.865Z

Record version: sha256:231ccca8242e8850c2f9ec60577ee5aa335e5e2b4339c8006e4d32a7c7ee1af1

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


This Subtopic provides guidance on net assets available for benefits for [health and welfare benefit plans](https://asc.understandingaccounting.org/glossary/h/#health-and-welfare-benefit-plans "Health and welfare benefit plans include plans that provide the following: Any of the following benefits: Medical, dental, visual, psychiatric, or long-term health care Life insurance (offered separately from a pension plan) Certain severance benefits Accidental death or dismemberment benefits. Benefits for unemployment, disability, vacations, or holidays Other benefits such as apprenticeships, tuition assistance, day care, dependent care, housing subsidies, or legal services.").