# ASC 965-20-25: Plan Accounting—Health and Welfare Benefit Plans — Net Assets Available for Plan Benefits — 25 Recognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/965/20/#25-recognition)

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## ASC 965-20-25: 25 Recognition

[Read section](https://asc.understandingaccounting.org/asc/965/20/#25-recognition)

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##### [965-20-25-1](https://asc.understandingaccounting.org/asc/965/20/#965-20-25-1)

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A plan may have liabilities (other than for [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.")) that should be accrued. Such liabilities may be for amounts owed for securities purchased, income taxes payable by the plan, or other expenses (for example, third-party administrator fees). These liabilities shall be deducted to arrive at net assets available for benefits.