ASU 2017-06 — Plan Accounting (Topics 960, 962, and 965): Employee Benefit Plan Master Trust Reporting

The Board is issuing this Update to improve the usefulness of the information reported to users of employee benefit plan financial statements. This Update relates primarily to the reporting by an employee benefit plan (a plan) for its interest in a master trust. A master trust is a trust for which a regulated financial institution (bank, trust company, or similar financial institution that is regulated, supervised, and subject to periodic examination by a state or federal agency) serves as a trustee or custodian and in which assets of more than one plan sponsored by a single employer or by a group of employers under common control are held.

This Update is the final version of Proposed Accounting Standards Update EITF-16B—Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), Health and Welfare Benefit Plans (Topic 965), which has been deleted.

Issued: February 27, 2017