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Employee Benefit Reporting

Rule ID: DQC_0190
Status: Final
Release date: September 25, 2024
Effective date: November 30, 2024

Rule Function

This rule contains a number of checks to ensure that the form 11-K (EBP) is completed in compliance with the FASB implementation guide. The rule checks for the following

  • The first check (10600) ensures that non EBP filings such as a s a 10-K or 10-Q do not use concepts defined in the EBP taxonomy.

  • The second check (10601) determines if the filer has used the concepts EmployeeBenefitPlanInvestmentExcludingPlanInterestInMasterTrustFairValue or EmployeeBenefitPlanInvestmentPlanInterestInMasterTrustFairValue has been used in the hypercube ‘Employee Benefit Plan, Master Trust [Table]’. This concept should not be used in this table and should be replaced with EmployeeBenefitPlanInvestmentFairValue.

  • The third check (10602) looks at each of the following hypercubes:

    • us-gaap-ebp:EmployeeBenefitPlanStatementOfNetAssetAvailableForBenefitTable,
    • us-gaap-ebp:EmployeeBenefitPlanInvestmentFairValueAndNavTable,
    • us-gaap-ebp:EmployeeBenefitPlanNonparticipantDirectedInvestmentTable,
    • us-gaap-ebp:EmployeeBenefitPlanRelatedPartyAndPartyInInterestTransactionsTable,
    • us-gaap-ebp:EmployeeBenefitPlanScheduleOfAllocationAssetAndLiabilityTable

    The rule then determines if the concept EmployeeBenefitPlanInvestmentFairValue has been used to report a fact in the hypercube. If it has and the concepts us-gaap-ebp:EmployeeBenefitPlanInvestmentPlanInterestInMasterTrustFairValue or us-gaap-ebp:EmployeeBenefitPlanInvestmentExcludingPlanInterestInMasterTrustFairValue have not been used to report a fact value in the same hypercube, then an error message is produced

  • The fourth check (10603) looks at each of the following hypercubes:

    • us-gaap-ebp:EmployeeBenefitPlanStatementOfNetAssetAvailableForBenefitTable,
    • us-gaap-ebp:EmployeeBenefitPlanInvestmentFairValueAndNavTable,
    • us-gaap-ebp:EmployeeBenefitPlanNonparticipantDirectedInvestmentTable,
    • us-gaap-ebp:EmployeeBenefitPlanRelatedPartyAndPartyInInterestTransactionsTable,
    • us-gaap-ebp:EmployeeBenefitPlanScheduleOfAllocationAssetAndLiabilityTable
      The rule then determines if the concept EmployeeBenefitPlanInvestmentContractValue has been used to report a fact in the hypercube. If it has and the concepts us-gaap-ebp:EmployeeBenefitPlanInvestmentExcludingPlanInterestInMasterTrustContractValue or us-gaap-ebp:EmployeeBenefitPlanInvestmentPlanInterestInMasterTrustContractValue have not been used to report a fact value in the same hypercube, then an error message is produced

  • The fifth check (10604) looks at each of the following hypercubes:

    • us-gaap-ebp:EmployeeBenefitPlanStatementOfNetAssetAvailableForBenefitTable,
    • us-gaap-ebp:EmployeeBenefitPlanStatementOfChangeInNetAssetAvailableForBenefitTable

    The rule then determines the axis EmployeeBenefitPlanNonconsolidatedMasterTrustAndPlanInterestInMasterTrustAxis has been used on the hypercube to report a fact. If it has an error is produced, as this axis should not be added to these 2 hypercubes.

  • The sixth check (10605) determines if the filer has reported a value for for the concept EmployeeBenefitPlanInvestmentPlanInterestInMasterTrustFairAndContractValue in the filing, and has not reported a value for either EmployeeBenefitPlanInvestmentPlanInterestInMasterTrustFairValue or EmployeeBenefitPlanInvestmentPlanInterestInMasterTrustContractValue. One of these values should be reported if EmployeeBenefitPlanInvestmentPlanInterestInMasterTrustFairAndContractValue is reported.

  • The seventh check (10606) determines if the filer has reported a value for the concept EmployeeBenefitPlanInvestmentFairAndContractValue in the filing, and has not reported a value for either EmployeeBenefitPlanInvestmentFairValue or EmployeeBenefitPlanInvestmentContractValue. One of these values should be reported if EmployeeBenefitPlanInvestmentFairAndContractValue is reported.

  • The eighth check (10607) determines if the filer has reported a fact value using any of the following concepts:

    • EmployeeBenefitPlanInvestmentPlanInterestInMasterTrustFairValue,
    • EmployeeBenefitPlanInvestmentPlanInterestInMasterTrustContractValue,
    • EmployeeBenefitPlanInvestmentPlanInterestInMasterTrustFairAndContractValue,
    • EmployeeBenefitPlanInvestmentExcludingPlanInterestInMasterTrustFairValue,
    • EmployeeBenefitPlanInvestmentExcludingPlanInterestInMasterTrustContractValue,
    • EmployeeBenefitPlanInvestmentExcludingPlanInterestInMasterTrustFairAndContractValue,
    • EmployeeBenefitPlanChangeInNetAssetAvailableForBenefitIncreaseDecreaseForChangeInPlanInterestInMasterTrust

    with the axis EmployeeBenefitPlanNonconsolidatedMasterTrustAndPlanInterestInMasterTrustAxis. If they have then an error message is produced.

  • The ninth check (10612) determines if the filer has reported a value for a concept in the filing using the InvestmentIdentifierAxis and one or more additional axis. When using the InvestmentIdentifierAxis with a fact the only additional axis allowed is the LegalEntityAxis.

  • The tenth check (10613) determines if the filer has reported a value for a concept in the filing, with the axis EmployeeBenefitPlanAllocationStatusAxis and memberEmployeeBenefitPlanUnallocatedMember and the axis EmployeeBenefitPlanParticipantDirectedStatusAxis with the member EmployeeBenefitPlanParticipantDirectedMember. These two axis should not be used together on a fact with these members. See FASB EBP guidance example 6a/Note 2b.

  • The eleventh check (10616) determines if all facts reported in the instance include the LegalEntityAxis.

  • The twelfth check (10617) determines if all members on the LegalEntityAxis are in the format EBP11-1111111-011Member.

Problem Solved by the Rule

The rule is intended to ensure that the filing follows the implementation guidance defined by the FASB for filing the form 11-K.

For Developers

The Global Rule Logic document contains general guidelines for implementation of rules.

The rule message template contains text and parametric reference to arguments of the rule operation, using the syntax ${parameter} to indicate that insertion of a parameter’s value is to occur.

Rule element ID index

The rule element id is used to identify unique elements or combinations of elements tested in the rule.

Rule Element ID Element
DQC.US.0190.10600 Various
DQC.US.0190.10601 EmployeeBenefitPlanInvestmentExcludingPlanInterestInMasterTrustFairValue, EmployeeBenefitPlanInvestmentPlanInterestInMasterTrustFairValue
DQC.US.0190.10602 EmployeeBenefitPlanInvestmentFairValue
DQC.US.0190.10603 EmployeeBenefitPlanInvestmentContractValue
DQC.US.0190.10604 EmployeeBenefitPlanNonconsolidatedMasterTrustAndPlanInterestInMasterTrustAxis
DQC.US.0190.10605 EmployeeBenefitPlanInvestmentPlanInterestInMasterTrustFairAndContractValue
DQC.US.0190.10606 EmployeeBenefitPlanInvestmentFairAndContractValue
DQC.US.0190.10607 EmployeeBenefitPlanNonconsolidatedMasterTrustAndPlanInterestInMasterTrustAxis
DQC.US.0190.10612 InvestmentIdentifierAxis
DQC.US.0190.10613 EmployeeBenefitPlanAllocationStatusAxis
DQC.US.0190.10616 LegalEntityAxis
DQC.US.0190.10617 LegalEntityAxis

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