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BDO Knows newsletter February 2, 2012
FASB ASU 2011-09ⁱ requires additional quantitative and qualitative disclosures about an employer’s participation in a multiemployer defined benefit pension plan. One of the main characteristics of a multiemployer pension plan is that the assets contributed by one employer may be used to pay benefits to employees of other participating employers. In the past, the disclosures available to a user of an employer’s financial statements about multiemployer pension plans were limited to historic contributions. The FASB added the multiemployer plan project to its agenda in response to financial statement user concerns that companies participating in multiemployer plans are not required to provide the information users considered necessary to determine the company’s obligation to these often underfunded plans
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Multiemployer Pension Plans
Held, Kranzler, McCosker & Pulice LLPBDO Knows newsletter February 2, 2012
FASB ASU 2011-09ⁱ requires additional quantitative and qualitative disclosures about an employer’s participation in a multiemployer defined benefit pension plan. One of the main characteristics of a multiemployer pension plan is that the assets contributed by one employer may be used to pay benefits to employees of other participating employers. In the past, the disclosures available to a user of an employer’s financial statements about multiemployer pension plans were limited to historic contributions. The FASB added the multiemployer plan project to its agenda in response to financial statement user concerns that companies participating in multiemployer plans are not required to provide the information users considered necessary to determine the company’s obligation to these often underfunded plans
2012 NEWS ARCHIVES
February 2, 2012Multiemployer Pension Plans
June 17, 2010Strategies for Fund Evaluation & How a 401K Audit Can Help Mitigate Risk For The Plan Sponsor
April 21, 2009HKMP Deploys Metastorm BPM(R) Software for Enterprise Process Automation March 13, 2009HKMP.com Gets a New Look! February 20, 2009HKMP's Russell Kranzler Published in the NY State Bar Journal
September 1, 2008HKMP Wins Practice Innovation Award for the Third Time!
February 15, 2007Paperless Is Possible
April 20, 2006Improve Your Work Flow: Automate