# ASC 965-20-45: Plan Accounting—Health and Welfare Benefit 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/965/20/#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): 2026-09-10T02:24:54.976Z to 2026-09-10T02:24:54.976Z Record version: sha256:4f7c13ff60e4598796aa58ed5c259c284eee684c8579c0aaf452199533c20c51 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 965-20-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/965/20/#45-other-presentation-matters) SEC content: no #### Statement of Net Assets Available for Benefits ##### [965-20-45-1](https://asc.understandingaccounting.org/asc/965/20/#965-20-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:24:54.976Z to 2026-09-10T02:24:54.976Z Record version: sha256:0a93a016425e7b0a07c977fd04b8ecb7db670e62e13ceb0d281ce94b294d579d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The statement of net assets available for benefits of the plan shall present amounts for the following: 1. a Total assets 2. b Total liabilities 3. c [Subparagraph superseded by Accounting Standards Update No. 2015-12](https://asc.understandingaccounting.org/updates/asu-2015-12/). (Part I). 4. d Net assets available for benefits. ##### [965-20-45-2](https://asc.understandingaccounting.org/asc/965/20/#965-20-45-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:24:54.976Z to 2026-09-10T02:24:54.976Z Record version: sha256:e37e208ff26f9817616f3fbe9808bc6de05ed54195edcb4d1f6115f496d9036d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2015-12](https://asc.understandingaccounting.org/updates/asu-2015-12/). (Part I). #### Statement of Changes in Net Assets Available for Benefits ##### [965-20-45-3](https://asc.understandingaccounting.org/asc/965/20/#965-20-45-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:24:54.976Z to 2026-09-10T02:24:54.976Z Record version: sha256:a5dbdfedf88ad21959807db1973b5271e1bd2bb28ab409387d9792ed204ca319 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The statement of changes in net assets available for benefits shall be presented in enough detail to identify the significant changes during the year, including, as applicable, the following: 1. a Contributions from employers, segregated between cash and noncash contributions 2. b The nature of noncash contributions described either parenthetically or in a note 3. c Contributions from participants, including those collected and remitted by the sponsor 4. d Contributions from other identified sources (for example, state subsidies or federal grants) 5. e The net appreciation or 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. 6. f Investment income, excluding the net appreciation or depreciation 7. g Income taxes paid or payable, if applicable 8. h Payments of claims, excluding payments made by an insurance entity pursuant to contracts that are excluded from [plan assets](https://asc.understandingaccounting.org/glossary/p/#plan-assets "Assets—usually stocks, bonds, and other investments (except certain insurance contracts as noted in paragraph 715-60-35-109)—that have been segregated and restricted (usually in a trust) to be used for a health and welfare plan (which can include active, terminated, and retired employees or their dependents or beneficiaries). The amount of plan assets includes amounts contributed by the employer, and by plan participants for a contributory plan, and amounts earned from investing the contributions, less benefits, income taxes, and other expenses incurred. 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. Securities of the employer held by the plan are includable in plan assets provided they are transferable. 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 the employer may intend that those assets be used to provide health and welfare benefits, which may include postretirement benefits. Those assets shall be accounted for in the same manner as other employer assets of a similar nature and with similar restrictions. If a plan has liabilities other than for benefits, those nonbenefit obligations are considered as reductions of plan assets. Amounts accrued by the employer but not yet paid to the plan are not plan assets. If a trust arrangement explicitly provides that segregated assets are available to satisfy claims of creditors in bankruptcy, such a provision would effectively permit those assets to be used for other purposes at the discretion of the employer. It is not necessary to determine that a trust is bankruptcy-proof for the assets of the trust to qualify as plan assets. However, assets held in a trust that explicitly provides that such assets are available to the general creditors of the employer in the event of the employer's bankruptcy would not qualify as plan assets.") 9. i Payments of premiums to insurance entities to purchase contracts that are excluded from plan assets 10. j Operating and administrative expenses 11. k Other changes (such as transfers of assets to or from other plans), if significant. ##### [965-20-45-4](https://asc.understandingaccounting.org/asc/965/20/#965-20-45-4) Pending content: no Source downloaded (UTC): 2026-09-10T02:24:54.976Z to 2026-09-10T02:24:54.976Z Record version: sha256:2156cc2b478e6f81e38af9eec2dbff81d87c4265f60ae6ae3abe58c72cfd717e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The list of minimum disclosures is not intended to define the degree of detail or the manner of presenting the information, and subclassifications or additional classifications may be useful. ##### [965-20-45-5](https://asc.understandingaccounting.org/asc/965/20/#965-20-45-5) Pending content: no Source downloaded (UTC): 2026-09-10T02:24:54.976Z to 2026-09-10T02:24:54.976Z Record version: sha256:c43ae09a9f8729b101036e03e88e0604978a84aa34ebabaa6e89b5916b731f5e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The statement of changes in net assets available for benefits shall be prepared on a basis that reflects income credited to participants in the plan and net appreciation or depreciation in the fair value of only those investment contracts that are not deemed to be fully benefit responsive.