As of January 1, 2019, Microbyte Computer Company began a defined benefit pension plan that covers all 300 of its employees. Employment levels have remained constant and are expected to remain so in the future. Prior to 2019, rather than having a defined benefit plan, the company had a defined contribution plan that had accumulated assets of $2,100,000 at market value. All employees were retroactively grandfathered as to the defined benefit entitlements they would receive under the new plan (i.e., the employees had been participating in the defined contribution plan and are now part of the defined benefit plan). The company's insurance company, which is administering the pension plan, determined the following values effective on January 1, 2019: Plan assets at market value $2,100,000 Accrued benefit obligation 3,000,000 Initial net asset (obligation) S (900,000)