# ASC 965-40-50: Plan Accounting—Health and Welfare Benefit Plans — Terminating Plans — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/965/40/#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): 2026-09-10T02:25:49.530Z to 2026-09-10T02:25:49.530Z

Record version: sha256:9e12b98eba5241f5d041b34c11482579dd98810b28a7f3c76401b3060c8dc0bc

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 965-40-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/965/40/#50-disclosure)

SEC content: no

##### [965-40-50-1](https://asc.understandingaccounting.org/asc/965/40/#965-40-50-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T02:25:49.530Z to 2026-09-10T02:25:49.530Z

Record version: sha256:0936266430da3886baa08682fd27889239614343eb4a612f9345ce04a0f581b1

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


When the decision has been made to terminate a plan or when a wasting trust (that is, a plan under which participants no longer accrue [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.") but that will remain in existence as long as necessary to pay already accrued benefits) exists, the relevant circumstances shall be disclosed in all subsequent financial statements issued by the plan.