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FASB issues guidance on employee benefit plan master trust reporting

  • FASB document Image

Feb 27, 2017

The FASB issued Accounting Standards Update (ASU) No. 2017-06, “Employee Benefit Plan Master Trust Reporting,” in response to the EITF’s consensus on Issue 16-B.

The ASU requires the following:

  • Presentation within the plan’s financial statements of its interest in a master trust as a single line item.
  • Disclosure of the master trust’s other assets and liabilities and the balances related to the plan.
  • Elimination of required disclosures for Section 401(h) accounts that are already provided by the associated defined benefit plan
  • For a plan’s divided interest in a master trust, disclosure of the master trust’s investments by general type as well as by the dollar amount of the plan’s interest in each type.

For more information, see Deloitte’s November 2016 EITF Snapshot as well as the ASU on the FASB’s Web site.

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