The guidance in this chapter deals with matters of presentation and disclosure related to financial statements of employee benefit plans, including defined benefit and defined contribution retirement plans and health and welfare plans. ASC 960, Plan Accounting - Defined Benefit Pension Plans, ASC 962, Plan Accounting - Defined Contribution Pension Plans, and ASC 965, Plan Accounting - Health and Welfare Benefit Plans, establish standards of financial accounting and reporting for the financial statements of employee benefit plans of nongovernmental organizations. Further guidance, along with discussions of financial statement requirements for defined contribution plans and other employee benefit plans, can be found in the AICPA Audit and Accounting Guide, Employee Benefit Plans (AAG-EBP). This chapter includes incremental or complementary interpretive content related to that guidance. It is not intended to be a complete summary of all employee benefit plan accounting and reporting guidance.

See PEB 1 through PEB 8 for guidance on a plan sponsor’s accounting for employer-provided benefits.