With the issuance of GASB Statement 97, defined contribution plans can now enjoy some favorable treatment when it comes to applying GASB Statement 84 for other types of Fiduciary Funds.
In June 2020, GASB issued a pronouncement that amended the Fiduciary Funds accounting standard.
For more information regarding the issuance of GASB Statement 84 and its impact on defined contribution plans, click below...