For this week’s sunscreen moment, we are going to talk about the Plan Sponsor’s company financial statements.

Is your company participating in one or more multi-employer plan? If so, this week’s sunscreen moment has special relevance to you.

The FASB’s Accounting Standards Update 2011-09, which essentially became effective for non-public entities for calendar year 2012, required entities that participate in multi-employer plans to provide more robust disclosure in their financial statements.

Watch this quick, two-minute video to learn examples of this requirement.