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Multiemployer plans
Financial reporting

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* Fixed assets are required to be reported at cost less accumulated depreciation, per FASB ASC 960-360-35-1. What is the implication for the 5500 reporting?

5500 reporting for fixed assets is the same on the 5500 as it is on the financial statements per ERISA regulation.

The 5500 requires all plan assets to be reported at fair value, so a reconciliation must be presented in the footnotes to the financials to the 5500.

An adjustment between fair value and depreciated cost must be shown on the face of the financial statements.

The plan is not permitted to recognize depreciation as it is a non-cash expense.

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Multiemployer plans Financial reporting

Multiemployer plans Financial reporting

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Multiemployer plans
Financial reporting

Multiemployer plans
Financial reporting